3 Bedrooms Townhouses for Sale in Mivida New Cairo By Emaar Misr

Mivida New Cairo is a luxury residential community located in the heart of New Cairo, Egypt. This exclusive development is spread over 5.5 million square meters of land and is designed to cater to the needs of its residents with world-class amenities, including top-notch education, healthcare facilities, sports and leisure, and commercial centers.

As a legal practitioner, there have been several questions regarding the legality of owning a property in Mivida New Cairo as a foreigner. Foreigners can own property in Mivida New Cairo and across Egypt provided they meet certain criteria and follow the legal process. The Egyptian Government has recently made significant changes to its real estate laws which have made the process of owning a property in Egypt much more straightforward.

Foreign property buyers can obtain a 99-year lease on a property in Mivida New Cairo, which allows them to use the property for residential or commercial purposes. Moreover, foreigners have the right to purchase up to two properties in Egypt as long as they meet the necessary requirements.

The process of purchasing a property in Mivida New Cairo is relatively straightforward. The first step is to identify the property that you wish to buy, and then you must approach the developer or their representative who will provide you with the necessary documents to fulfill your due diligence. These documents include but are not limited to the property title deed, the payment plan and contract, and any legal documents that may be required.

Once you have completed your due diligence and are satisfied with the property's condition and title, the next step is to deposit the required amount as per the payment plan. Finally, the parties will sign a sale agreement, and the buyer must complete the payment process as per the agreed terms.

To sum up, Mivida New Cairo is a desirable location for luxury living in Egypt. As a lawyer, I can confirm that foreign buyers can own property in Egypt legally by following the relevant legal process. Therefore, I would highly recommend Mivida New Cairo for those looking for a luxurious lifestyle in a dynamic and growing city like New Cairo.