Apartment for sale in Fifth Square Al Marasem

Apartment for Sale in Fifth Square - New Cairo

 
Reference: NS43445
EGP 4,500,000
Category:
Apartments / Sale
Price:
EGP 4,500,000 Installment
Price / Sqm:
EGP 26,162 Per Sqm
Finishing Status:
Super Lux
Area:
172 M2
No of Floors:
Allowable height:
Last Updated:
Sun 27 Aug 2023

As a lawyer, I can provide you with the following legal analysis of the Compound Fifth Square by Al Marasem in New Cairo, Egypt.

Firstly, it is important to note that the Compound Fifth Square is a real estate development project that involves the construction of various residential units in New Cairo, Egypt. It is being developed by Al Marasem, a leading real estate development company in Egypt.

As a lawyer, I can state that the Compound Fifth Square project should comply with all the applicable laws, regulations, and permits required for such a development project. This includes obtaining the necessary licenses and permits from the relevant authorities, such as the municipality and the building authority, as well as compliance with environmental and safety regulations.

Additionally, it is important to ensure that the contracts between the developer and buyers of the residential units are clear, transparent, and legally binding. The contracts should clearly outline the obligations and responsibilities of each party, including the payment schedule, delivery timeline, warranties, and penalties for breach of contract.

Furthermore, as a lawyer, it is essential to ensure that the Compound Fifth Square project adheres to all the applicable laws and regulations regarding real estate development, including zoning regulations, land use laws, building codes, and property taxes.

In conclusion, the Compound Fifth Square by Al Marasem is a significant real estate development project in New Cairo, Egypt. As a lawyer, I can state that it is crucial for the project to adhere to all the legal and regulatory requirements to ensure its success and provide a satisfactory experience for buyers and investors.