Egypt plans new developer union and market law
The Egyptian government is working on drafting new legislation to regulate the real estate market, including the establishment of a developers' union and a legal framework to organize real estate marketing, aiming to increase transparency and protect clients' rights. Currently, a bill is being prepared that will regulate the work of real estate marketers, standardize practicing rules, and create an official registry for developers, with companies required to register and adhere to professional standards. This is intended to enhance investor confidence and regulate the real estate sector. Additionally, the project seeks to improve the quality of projects and market transparency, while protecting buyers from random practices through dispute resolution mechanisms and oversight of contract compliance.
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