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The Egyptian government is preparing a new draft law to regulate the real estate market, aiming to achieve a balance between encouraging investments and protecting the rights of involved parties. The law focuses on classifying real estate developers, enhancing transparency, and establishing a professional dispute resolution union, while ensuring the protection of buyers and reducing issues related to stalled projects. The goal is to promote market stability and develop the real estate sector in a way that contributes to economic growth and job creation. The draft is expected to be presented to Parliament after consultations with developers and discussions with relevant stakeholders, in order to ensure sustainability and transparency in the Egyptian real estate market.
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