Studio for sale in Carnelia with installments

Studio for Sale in Carnelia - Ain Sokhna

 
Reference: NS53238
EGP 2,751,000
Category:
Studio / Sale
Price:
EGP 2,751,000 Installment
Price / Sqm:
EGP 50,018 Per Sqm
Finishing Status:
Super Lux
Area:
55 M2
No of Floors:
View:
Sea View
Delivery Date:
2027
Allowable height:
Last Updated:
Tue 28 Mar 2023

Carnelia is a beachfront resort located in the Ain Sokhna area in Egypt. The development is being constructed by Rooya Group, a leading real estate developer in Egypt. The resort offers various luxury residential units, including apartments, villas, and townhouses. The resort is intended for vacation and other recreational purposes.

In terms of legal considerations, the land acquisition process is crucial for the development. It is important to review the compliance with all the legal requirements surrounding the land acquisition process, including obtaining the necessary permits and verifying full ownership.

Moreover, reviewing the contracts and agreements made between the developer, contractors, subcontractors, and service providers involved in the project is necessary. This includes ensuring that all parties have the necessary licenses and insurance coverage and that warranty and indemnity provisions are incorporated in the contracts to protect all parties involved in the event of disputes.

Adhering to environmental and health and safety regulations is also critical. The developers must ensure that they comply with all relevant laws, regulations, and standards, including any applicable building codes and energy efficiency regulations.

It is also important to consider the rights of the buyers of the residential units at the resort. This includes determining that the contracts signed are legal and provide for clear terms and conditions that consider the interests of both parties.

Furthermore, identifying potential legal liabilities that may surface in the future is paramount. This includes identifying issues that may arise after the purchase, such as defects or subsequent issues with the property.

In conclusion, as a lawyer, it is necessary to conduct a comprehensive legal review of the Carnelia resort in Ain Sokhna. This includes ensuring compliance with applicable laws and regulations, identifying potential areas of dispute, and mitigating any legal risks or issues that could arise in the future.