It is impossible not to put too much emphasis on the term "Due Diligence".
Due diligence is the one thing that means you can be secure in the knowledge that all legal documents are in place allowing the Resort to be built legally. This can range from the ownership of the land through to the right to building a Resort on the land
It is fair to say that there are a lot of Resorts and Developments throughout the world that do not have the correct diligence in place. This is one of the risks involved when buying any property, particularly off plan, which is where a good solicitor come
In terms of purchasing (be it in Royal Beach or not) in Egypt, you should request the below information from any Resort you wish to purchase in. If this information cannot be provided, you must ask yourself why not as these are fundamental to a legal building.
Royal beach has all the needed legal and operation permits by the government and the legal authorities,proud to be able to offer you any information or documentation you may need to check this is the case.
We have the following documents available – please request any information you need, but once you purchase, these are obviously made available to your Solicitor. (Both are available in Arabic and English)
Title - Registered Land Contract
Title - Building Licence No 320.1993
Title - Building Licence No 568.2009
Title - Commercial register
Title - Egy-France for construction and Investment
Title - Blue Mind Management contract
Title - Environmental and Government
Title - Investor service Bureau Security approval
Title - Land Sale assignment No 1003.1881
Title - Land sale contract 11.2.1991
Title - Military
Title - Ministry of Water sources and irrigation
Title - Opinion of the General department for Environment Manager
Title - Planning.
Buying in Egypt is very straightforward and a very smooth process as long you have a recognized and efficient Solicitor.
Maintenance fees are set at £9 per sq metre (apartment size) per annum.
Taxes:
Taxes are one of the big selling points in Egypt (along with 365 days of Sun!) Owners are exempt from all the following:
- Stamp Duty
- Government Tax ( except property tax)
- Capital Gains Tax or V.A.T
- Inheritance Tax
Blue Mind Egypt is the assigned Management company for Royal beach. As part of their main job is making the owners benefit the best of their investment. Blue Mind Egypt is making the landlord's life easier, handling the marketing, the administrative, manage required maintenance done in timely manner, snag inspection management, side from that preparing different rental schemes that suits the owners need and usage.
Varying from a guaranteed rental programs to providing service as per needed. Let us know more about your need and will be happy to serve you.
Contact us on :
info@bluemind-egypt.com
One year Payment Plan: (Zero% Interest)
• 10% Reservation.
• 40% Contract.
• 10% Delivery.
• 40% over one year.
Two Years Payment Plan: (8% Interest)
• 10% Reservation.
• 30% Contract.
• 20% Delivery.
• 40% over one year.
Three years Payment Plan: (8% Interest)
• 10% Reservation.
• 30% Contract.
• 20% Delivery.
• 40% over one year.
Five years Payment Plan: (9% Interest)
• 10% Reservation.
• 40% Contract.
• 10% Delivery.
• 40% over one year.
Investing in Royal Beach is a fast money making As Egypt is the most known emerging country for tourism.
Egypt has recovered from the long silence for the last 3 years and currently having an overbooked agenda for touristic companies.
The increasing rates of tourist increase the demand for the privately rented units.
Here come the strength of having an apartment direct on the beach and ready to move in with a competitive price.