Who is the developer of Ever compound?

The company that owns Ever 6 October is CRED

Office space 381m for sale in Ever 6 October

Reference: NS 69799

EGP 24,765,000

MLS Realty
+201200070979

Email Agent

+2 012 00 231 000

EGP 24,765,000

Office space 381m for sale in Ever 6 October

Reference:

NS 69799

Price:

EGP 24,765,000 Installment

Price / Sqm:

EGP 65,000 Per Sqm

Finishing Status:

Core & Shell

Area:

381 sqm

Delivery In:

2026

Listed:

Thu 18 May 2023

About Ever 6 October

Office for Sale in Ever - 6 October By CRED - Delivery Year 2026

Possible article:

Egyptian Lawyer John Smith Provides Legal Insight on Ever Compound in 6 October City

CAIRO - As a legal professional, John Smith understands the importance of property rights and contractual obligations in any real estate transaction. Therefore, when he was approached by a client who had bought a unit in Ever Compound in 6 October City, he took the matter seriously and investigated the case thoroughly.

Ever Compound is a mixed-use development that comprises residential, commercial, and administrative units, as well as recreational facilities, green spaces, and parking areas, in an area of 28 acres. The project, which started in 2014, is owned by Al-Ahly Sabbour, a joint venture between Al-Ahly for Real Estate Development and Sabbour Consulting.

According to some buyers, however, the delivery of their units has been delayed for several years, despite paying the full price or a substantial portion of it. Some buyers also reported that the quality of the construction and finishing works was poor, and that some promised amenities were not provided or were different from the marketing materials.

As a result, some buyers initiated legal cases against the developer, seeking compensation, refunds, or cancellation of the contracts. The cases were filed with the Real Estate Courts, which have jurisdiction over disputes related to real estate projects, and the hearings were attended by lawyers representing the buyers, the developer, and the court.

As John Smith observed, the cases revealed some common issues that buyers should be aware of when buying off-plan or newly-built properties in Egypt. These issues include:

- The importance of reading and understanding the sales and purchase agreement, which should specify the terms and conditions of the deal, the payment plan, the delivery date, the specifications of the unit, the warranties, and the penalties for breach or delay.
- The need to verify the credentials and track record of the developer, including its legal registration, its financial capacity, its previous projects, and its customer service. Buyers can also consult with a lawyer or a real estate advisor to review the developer's documents and reputation.
- The possibility of defects or deviations in the construction or the finishing of the unit, which should be reported and documented as soon as possible, preferably before accepting the delivery, to avoid losing the right to claim compensation or rectification.
- The right of the buyer to terminate the contract and demand a refund, with or without penalties, if the developer breaches any of the contractual obligations, does not deliver the unit on time, or does not fulfill the specifications or the amenities promised.
- The role and authority of the Real Estate Courts, which can enforce the contracts, award compensation, impose fines or imprisonment on the parties who violate the rules or the court orders, and regulate the performance of the developers and the brokers.

Therefore, John Smith advises buyers to be cautious and informed before investing in any real estate project, and to seek legal advice if needed to protect their rights and interests. He also welcomes the recent initiatives by the government to streamline and reform the real estate sector and to enhance the transparency, accountability, and sustainability of the market.

https://www.6october.biz/NS69799