Semi finished apartments 109m for sale in Upville 6 October
Semi finished apartments 109m for sale in Upville 6 October
Apartment 1 Bedrooms for Sale in Upville - 6 October By Wadi El Nile Development
Introduction
Upville is a compound that is being developed by Wadi El Nile Development in 6th October City, Egypt. The compound is set to become one of the most sought-after residential areas in the city. It offers a variety of housing units that cater to different needs and budgets, making it an appealing option for a wide range of people. As a lawyer, it is important to understand the legal framework surrounding the development of such compounds, as well as the rights and responsibilities of developers and buyers.
Legal Framework
In Egypt, the development of residential compounds is regulated by Law No. 144 of 2006, which governs the sale and leasing of real estate. The law stipulates that real estate developers must obtain a license from the competent authority before commencing any construction work. Developers must also provide buyers with a contract that includes detailed information about the property, such as its location, size, design, and features.
Moreover, developers are required to provide buyers with certain guarantees, such as a warranty against any structural defects or issues with the property. The law also stipulates that developers must obtain insurance coverage for their projects to protect buyers against any unforeseen events that may affect the property.
Buyers' Rights
Buyers of units within Upville have certain rights that are protected by law. For instance, buyers are entitled to receive a copy of the sales contract before signing it, and they have the right to ask for clarification of any terms or conditions they do not understand. Buyers are also entitled to receive the property in the condition and specifications agreed upon in the contract.
Moreover, buyers have the right to cancel the contract within a certain timeframe if they change their minds about the purchase. This right is granted to buyers under the Consumer Protection Law, which aims to protect consumers from unfair practices and contracts.
Developers' Responsibilities
Developers of Upville are responsible for ensuring that the units they offer are of good quality, safe, and free of any defects or issues. They must also ensure that the units comply with the specifications and designs agreed upon with the buyers.
Moreover, developers must provide buyers with all necessary information about the property, including any risks or potential issues that may affect the property. Additionally, developers must ensure that they comply with all relevant laws and regulations governing the development and sale of real estate.
Conclusion
In conclusion, the development of Upville by Wadi El Nile Development is subject to the legal framework governing the development and sale of real estate in Egypt. As a lawyer, it is essential to understand the legal responsibilities and rights of both developers and buyers. This understanding will enable you to provide your clients with accurate and sound legal advice, helping them to make informed decisions regarding their properties.
Upville Live up to your dreams, it’s the perfect time to enjoy a premium life with a luxurious lifestyle in Upville October. Overlooking the magnificent pyramids, Upville is spread over 86 Feddans with only 16% foot print and dedicating the rest to spacious greenery and usable walkways. At Upville October the quality of presented life is different than any other place, the Exterior and interior designs are perfectly tailored to make you feel elegant indoors and outdoors with impressive contemporary designs to fit all tastes.
Wadi El Nile Development Wady EL Nile is in a very exciting moment in its history. Since its inception in 1989. Wady El Nile has been a significant company in the fabric of Egyptian society. The company has been serving sectors such as health, transportation, judicial entities, education, real estate, entertainment and various government entities that serve more than 80 million people every day. Today WN has grown to a full-time staff of over 1,650 employees and is ranked as one of the largest ten contracting companies in Egypt. They have finalized the design of our new head quarters and started construction on what will offer Wady El Nile the appropriate corporate facilities within the heart of Cairo for facilitating business going forward. In the most recent years Wady El Nile continued to grow in revenue defying the global challenges of the financial crisis. Our annual revenue in 2007 was 523 million Egyptian pounds, the following year was 1.14 billion Egyptian pounds and the following year doubling to 2.75 billion Egyptian pounds in 2009. The company prides itself for being very dynamic and constantly evolving to stay ahead of the curve. In the past five years WN succeeded to attract Egypt’s most talented workforce to join its large family of talent to provide unmatched quality in every project. Recently WN has significantly expanded by offering project management services to strategic projects, such as the new Cairo expo city designed by Zaha Hadid. Wady EL Nile is preparing for the future. The company has a newly designed headquarters being built in the heart of Egypt’s capital. Wady EL Nile is also acquiring significant and attractive real estate properties for development into various areas of industry and for world-class self-sustaining residential projects.