Egypt. Sharm El Sheikh. Real Estate. Purchase property in Egypt

Property in Egypt

     After the suitable variant is chosen, there are following ways of purchase and real estate registration and property in Egypt

     If the variant does not provide the credit or payment installments then real estate purchase can be made at once or to bring preliminary pledge (for a reservation it is necessary to pay on the average 5000 USD). When pledge is brought, the builder or the seller stops object sale for term no more, than two months, and the preliminary contract of purchase and sale (Pre-Contract Agreement) subscribes. Definitive, i.e. the purchase and sale prime contract (Sale contract) Further subscribes.

     Before signing of any contracts connected with purchase of habitation, our company gives the official document confirming cleanliness of object - cleanliness of the transaction. The given document is assured by the lawyer - the press and the signature. After signing of the contract of purchase and sale, its registration in court is made.

     Process of registration of the contract for 99 years is made by the lawyer on the basis of the power of attorney in a city the Ale Round (is in 100 km from SH), all process occupies 3-6 months (excepting holidays, the days off, and also all the month long August – the Sinai court is closed on a vacation). Upon termination of registration of the real estate you receive blue/green notarially certified certificate with the press.

      Our company gives a full complex of  law services, since a real estate choice, finishing registration of the contract of purchase and sale in court. The legal service covered by this fees include:

1. Drafting of the contract of purchase and sale – the contract will be made in two languages (on Arabian and English), containing all essential conditions of purchase and sale of the real estate, and also the specification to it.

2. Legal Consultations of lawyers – Our lawyers will spend all necessary legal councils and the consultations, concerning procedure of purchase of the real estate and registration of the property in Egypt.

3. The Trip to an administrative city – the El Tour – a province administrative centre South Sinai (about an hour from Sharm el Sheikh) and back, with visiting of some administrative agencies for registration of all necessary documents.

4. Registration of the power of attorney – all legally significant actions allowing lawyers to represent your interests at purchase of the real estate and registration of the property in Egypt -  rights to it will be executed.

5. Registration residence visas – On the basis of the purchase and sale contract can be issued residence visa for 1 year.

6. Passage of legal proceedings – Our lawyers having a wide experience of work in courts of civil-law and arbitration character, will represent your interests for registration of the contract of purchase and sale and the property in Egypt light in court.

     Cost of registration and the condition of payment , includes in full legal support of the transaction including contract registration in court, a transfer on the car in an administrative city El Tour for registration of the power of attorney, the payment should be made prior to the beginning of legal procedures. 

 Our lawyers in perfection own several foreign languages – English, Russian, Italian etc. Here some of them:

Employees of head office in Sharm el Sheikh:

1. Mr. Ahmed Hussien Abdel Aziz - Lawyer of the Supreme Appeal court, tel. +20101530933, ahmed@vipnet.su

2. Miss. Marina Kazakova - Russian Lawyer, tel. +20193167119, marina@vipnet.su

3. Mr. Ashraf Saber el Gazar, Lawyer of the Supreme Appeal court.

4. Mr. Mahmud Mohammed Ibrahim.

5. Mr. Ali Bahlul el Sheikh, the Lawyer of the Supreme Appeal court.

Branch of Sinai, city El Tour
– Sharm el Sheikh.