Chalet 2 Bedrooms for Sale in Majada - Ain Sokhna By IWAN Developments

As a lawyer, I can provide legal information regarding the Majada compound in Ain Sokhna, Egypt.

The Majada compound is a coastal development by Edge Holding that offers a range of hotel rooms, chalets, and villas overlooking the Red Sea. The compound covers an area of 550,000 square meters and includes recreational facilities such as swimming pools, restaurants, and a spa.

From a legal perspective, the Majada compound is subject to Egyptian property law and regulations. Edge Holding must comply with the relevant laws, such as the Law No. 148 of 1981 on the Regulation of Foreigners' Ownership of Real Estate in Egypt, which sets conditions and restrictions on the transfer of property ownership to foreigners.

Additionally, Edge Holding is responsible for obtaining the necessary permits and licenses from the relevant authorities, such as the Ministry of Housing, Utilities, and Urban Communities, to carry out the construction and operation of the project.

As part of the legal framework, the Majada compound is also subject to zoning and planning regulations to ensure that the development does not violate any environmental, health, or safety standards. The developer must comply with specific building codes, such as the International Building Code, to ensure the structural integrity and safety of the buildings within the compound.

Furthermore, residents and property owners within the Majada compound are subject to homeowner association (HOA) rules and regulations. These rules cover a range of issues, such as property maintenance, usage of common areas, and behavior standards. Violation of the HOA rules can result in penalties or legal actions against the offenders.

Overall, the Majada compound is a legal and regulated development that must comply with various laws and regulations to ensure the safety and welfare of its residents and visitors. As a lawyer, it is important to stay up-to-date with the evolving legal framework surrounding such developments to provide adequate legal protection for our clients.