24 Hrs
Source:
الشورى
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Deputy Qoura on Real Estate Authority
President Abdel Fattah Sisi's instructions to form a committee to oversee real estate projects in Egypt aim to strengthen oversight of the real estate market, ensure adherence to delivery schedules, honor buyers' contracts, and complete project works and infrastructure. This directive seeks to protect citizens' rights, achieve transparency, and maintain discipline within the real estate sector. It also emphasizes that establishing an independent authority to regulate the real estate market will be a significant step toward addressing ongoing issues, by setting clear rules for implementation phases, reviewing data, verifying spaces, and developing a classification system for developers, all of which will contribute to more informed investment decisions.
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