Who is the developer of Capital Heights compound?

The company that owns Capital Heights New Capital is Safwa Urban Development

Apartment 252m for sale in Capital Heights New Capital

Reference: NS 23650

EGP 9,922,185

MLS Realty
+201200070979

Email Agent

+2 012 00 231 000

EGP 9,922,185

Apartment 252m for sale in Capital Heights New Capital

Reference:

NS 23650

Price:

EGP 9,922,185 Installment

Price / Sqm:

EGP 39,373 Per Sqm

Finishing Status:

Super Lux

Area:

252 sqm

Bedrooms:

Bathrooms:

Year Built:

Listed:

Wed 10 May 2023

About Capital Heights New Capital

Apartment 3 Bedrooms for Sale in Capital Heights - New Capital By Safwa Urban Development

As an attorney, I would like to offer some legal insights into the Capital Heights New Capital project located in Egypt.

Capital Heights New Capital is a modern real estate development project located in the New Administrative Capital in Egypt. The project aims to provide a high-quality lifestyle for its residents by providing excellent infrastructure, luxurious apartments, gardens, and a wide range of amenities. The project is estimated to cost approximately $3.3 billion and is a joint venture between the Saudi company, Al Marasem International for Development, and the Egyptian Ministry of Housing.

From a legal perspective, the Capital Heights New Capital project will require various legal procedures and permits to comply with applicable laws and regulations in Egypt. This could include obtaining construction permits, obtaining environmental clearances, and complying with zoning and building codes.

Additionally, the developers of the Capital Heights New Capital project will need to adhere to various Egyptian laws related to real estate transactions. For example, they will need to comply with contract laws, property ownership laws, and the Land Registry Law. It is essential to ensure that all legal procedures and requirements are met to avoid any potential legal challenges.

Furthermore, developers must also comply with tax laws, including income tax, value-added tax, and property taxes, as well as labor laws that regulate their obligations towards workers and employees. Compliance with these laws is crucial to ensuring that the project is fair and transparent and contributes to the sustainable development of Egypt.

Contractual agreements between developers, contractors, and buyers are also critical for the smooth running of the project. Clear and precise contracts are necessary to avoid any misunderstandings or disputes that may arise among the different stakeholders in the project.

In conclusion, the Capital Heights New Capital project is a significant development that requires careful legal consideration and compliance with various regulations and laws in Egypt. As an attorney, it is crucial to ensure that all legal aspects of the project are addressed to avoid any legal challenges that could arise in the future.

MLS Realty
+201200070979