Resale chalet in El Ein Bay El Gamal

Chalet 2 Bedrooms for Sale in El Ein Bay - Ain Sokhna

2    3
Reference: NS78310
EGP 3,250,000
Category:
Chalets / Sale
Price:
EGP 3,250,000 Cash
Price / Sqm:
EGP 29,545 Per Sqm
Finishing Status:
Super Lux
Area:
110 M2
No of Floors:
Bedrooms:
2
Bathrooms:
3
View:
Very Prime Location
Allowable height:
Last Updated:
Wed 10 May 2023

As a lawyer, I will provide you with legal advice and information regarding the Compound El Ein Bay in Ain Sokhna, Egypt.

El Ein Bay is a luxurious residential compound that is located in Ain Sokhna, Egypt. It is one of the most popular tourist destinations in Egypt, known for its beautiful beaches and scenic views of the Red Sea. The compound is designed with a modern and elegant architecture, which makes it attractive to both residents and investors.

From a legal perspective, investing in a residential compound like El Ein Bay requires thorough research and knowledge of the legal frameworks that govern both the Real estate and investment sectors in Egypt. As a Lawyer, I advise clients to ensure that they work with reputable and licensed real estate agencies and developers who operate within the legal framework and have proper permits and approvals from the relevant authorities.

Investing in El Ein Bay Egypt comes with a range of legal considerations which include;

1. Property registration: To legally own a property within El Ein Bay, it must be registered with the Real Estate Registry in Ain Sokhna, Egypt. It is essential to confirm the title deed's authenticity, which can be done by verifying the title deed's number and date of registration with the relevant authorities.

2. Contract review: Before investing in a property within El Ein Bay, it's essential to review and understand the sales contract, which should contain all the terms and conditions of purchase, payment, and delivery. Ensure the contract's clauses are favorable to both parties, and there are no hidden charges, penalties or liabilities that may arise at a later stage.

3. Payment plan: It is vital to review the payment plan offered, ensure that the payment plan does not exceed the legally permitted values, and that payments are only tied to project delivery milestones.

4. Taxation: There are tax implications when investing in a property in Egypt, including property taxes, sales taxes, and stamp duties. A lawyer can provide more detailed insights into these taxation matters and the documentation required.

5. Due diligence: Prior to investing, it is important to conduct due diligence on the developer of the compound, including checking their previous projects, their license status and their reputation within the industry.

In conclusion, investing in the El Ein Bay compound in Ain Sokhna requires thorough legal assessments, verifying legal documents and due diligence on the developer. Working with a competent lawyer can help to navigate the complexities of real estate law in Egypt and mitigate potential legal risks.


Fatal error: Uncaught PDOException: SQLSTATE[HY000]: General error: 1021 Disk full (/tmp/#sql-temptable-716c-1876deb4-3f401.MAI); waiting for someone to free some space... (errno: 28 "No space left on device") in /home/m.sokhna.net/www/module/mls/include/div/amp/show.php:1632 Stack trace: #0 /home/m.sokhna.net/www/module/mls/include/div/amp/show.php(1632): PDO->query() #1 /home/m.sokhna.net/www/open/show.php(111): include('...') #2 /home/m.sokhna.net/www/open/include/home.php(151): include('...') #3 /home/m.sokhna.net/www/index.php(636): include('...') #4 {main} thrown in /home/m.sokhna.net/www/module/mls/include/div/amp/show.php on line 1632