المصري اليوم
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Source: المصري اليوم
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The New Cairo Court ruled to rescind the sale contract of a real estate unit in a tourist project located in the Sidi Hanish area on the North Coast. The court also ordered the real estate development company to refund an amount of 2.387 million Egyptian pounds and pay compensation of 750,000 pounds to the buyer. The judgment was issued after it was proven that the company breached its contractual obligations by reducing the services and benefits agreed upon, which affected the value of the unit and the level of services provided. The ruling also indicated that material changes in the project and their financial and moral damages contributed to this situation, confirming the company's responsibility for the damages and its obligation to refund the amounts and provide compensation.
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