Who is the developer of District 5 compound?

The company that owns District 5 New Cairo is Marakez

Office 82m for sale in District 5 New Cairo

Reference: NS 27789

EGP 6,560,000

MLS Realty
+201200070979

Email Agent

+2 012 00 231 000

EGP 6,560,000

Office 82m for sale in District 5 New Cairo

Reference:

NS 27789

Price:

EGP 6,560,000 Installment

Price / Sqm:

EGP 80,000 Per Sqm

Finishing Status:

Semi Finished

Area:

82 sqm

Floor No.:

Room(s):

Bathrooms:

Delivery In:

2025

Listed:

Mon 8 May 2023

About District 5 New Cairo

Office for Sale in District 5 - New Cairo By Marakez - Delivery Year 2025

As a lawyer, I can provide information on the legal aspects of Compound District 5 New Cairo Egypt. District 5 is a high-end residential compound located in New Cairo, one of the fastest-growing areas in Egypt. It features a range of luxurious villas and apartments, surrounded by beautiful landscapes and first-class amenities.

From a legal standpoint, Compound District 5 New Cairo is regulated by Egyptian real estate laws, which outline the rights and responsibilities of both developers and buyers. Real estate developers in Egypt are required to obtain all necessary permits and licenses from the government to develop and sell properties. These permits are issued by the Real Estate Development Chamber or the New Urban Communities Authority, depending on the location of the project.

Buyers of properties in Compound District 5 have certain legal protections under Egyptian law. For instance, they have the right to examine the sales agreement and any other legal documents pertaining to the purchase before signing them. They also have the right to request clarification on any provisions or conditions they do not comprehend.

Additionally, buyers have the right to inspect the property before taking possession of it. Part of this inspection involves looking over the property’s condition and confirming that any agreed-upon repairs have been undertaken.

As a lawyer, I recommend that buyers carefully read all legal documents related to the purchase of a property in Compound District 5 to achieve a smooth and secure transaction. It's important to fully understand the conditions and provisions laid out in the agreement to avoid any future legal complications or disputes.

All in all, Compound District 5 New Cairo is an outstanding residential compound in a prime location in Egypt. From a legal angle, buyers are afforded certain safeguards under Egyptian real estate law. As a lawyer, I suggest that those interested in purchasing a property in Compound District 5 review and comprehend all legal documents referenced in the purchase agreement to ensure a successful and amicable experience.

MLS Realty
+201200070979