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بوابة أخبار اليوم
7 measures to regulate real estate before Parliament
The real estate market regulation bill in Egypt aims to establish clear rules for organizing real estate development activities and protecting buyers' rights. The law includes the creation of a developers' association to ensure the regulation of the profession, and it classifies developers based on their financial and technical capabilities to reduce the entry of unqualified entities into major projects. It also focuses on safeguarding buyers by setting clear contracts, implementing dispute resolution mechanisms, and conducting assessments to identify and outline procedures for stalled projects, along with a graduated system of sanctions for violators. The legislation seeks to comprehensively regulate the entire real estate development cycle, from market entry requirements to investor and customer protection.
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