Real Estate in Egypt

1- Booking a Property and Preliminary Contract:

• Buyer makes a deposit (typically $1,000 to 10% of property value) to book the property.
• Preliminary contract includes details such as parties involved, property price, deposit, payment plan, and additional conditions.
• Real estate agency often oversees this stage and holds the deposit until official registration.

2- Preliminary Contract Details:

• Parties’ information, including contact and passport details, addresses, and banking details.
• Property details like price, deposit, payment plan, and quality assurance conditions.
• Legal checks by a lawyer for primary real estate, requiring land title, building construction permit, and approved project.

3- Main Contract and Property Purchase:

• Buyer enters into a sale contract with the seller after making a deposit.
• Contract printed in Arabic and the official language of the foreign buyer.
• Contract includes parties’ information, property details, cost, consequences for contract violations, and usage restrictions.
• Payment options include bank transfer or cash, with installment plans for new buildings.

4- Registering the Property:

• Once the buyer covers the full property cost and construction is complete (primary market), a taukil is issued.
• Taukil allows full ownership and usage rights, written in Arabic and notarized.
• For secondary market transactions, old taukils from previous owners are attached.
• Registration takes a few hours in person, longer for remote transactions, ensuring legal ownership and property use in Egypt.