EGP 3,100,000
Apartment 2 Bedrooms for Sale in Village Gate - New Cairo By Palm Hills
As a lawyer, I can provide some general information about the legal aspects associated with buying or renting a property within a compound such as Village Gate in New Cairo, Egypt.
When purchasing or renting a property within a compound, one of the main considerations is ensuring that the developer has obtained all the required permits and approvals from local government authorities. This includes zoning laws and regulations, building codes and other requirements. Buyers should request copies of all relevant documents and permits to ensure they are dealing with a legitimate development.
There are two main types of contractual arrangements when it comes to purchasing a property within a compound: the ownership contract, which involves purchasing the property outright, or the lease agreement, which involves renting the property for a defined period of time. The terms and conditions of these contracts should be carefully reviewed to ensure that they’re in favor of the buyer or tenant.
Additionally, there may be other costs associated with owning or renting a property within a compound, such as maintenance fees, utility fees, and other expenses. It is important to review all of these costs carefully and ensure they are reasonable and within the buyer or tenant's budget.
Buyers who need financing to purchase a property in Village Gate, or any other compound, should explore the different financing options available to them. It is important to compare interest rates and other terms and conditions before making a final decision.
Furthermore, there may be various community agreements related to the use of shared facilities in the compound, such as swimming pools and gymnasiums, that all residents must be aware of. These rules and regulations can cover issues such as timings of usage, noise levels, and other community-related factors.
In conclusion, purchasing a property within a compound such as Village Gate in New Cairo, Egypt requires careful attention to detail, due diligence, and professional legal advice throughout the transaction. Buyers should take the time to understand all the legal aspects and requirements associated with their purchase to ensure a smooth and successful transaction.
Village Gate A purely residential compound, ideally located in the heart of New Cairo and only a kilometer away from the new AUC campus and sister project The Village. This exciting community offering a range of apartments is perfectly suited to post-grads, couples and young families.
Palm Hills Palm Hills Developments is a leading real estate company in the Egyptian market, primarily developing integrated residential, commercial real estate and resort projects. Founded in 2005 by Mansour and Maghraby Investment and Development Company [MMID], the company which is listed on the Egyptian Stock Exchange and London Stock Exchange, traded under the symbols "PHDC.CA" and "PHDC.LI" respectively, was the result of a vision to create self-sufficient and well integrated communities. Currently, Palm Hills Developments has a portfolio of 26 projects spanning different development stages nationwide, and spreading over 27 million square meters [sqm] in Egypt, including 5 million sqm in which is held for sale in Saudi Arabia. The Company's product offering includes primary homes on both West Cairo and East Cairo, as well as second homes by the Mediterranean Sea [North Coast].