Retail 45m for sale in Oxygen Tower New Capital

Shop for Sale in Oxygen Tower - New Capital

 
Reference: NS78632
EGP 9,000,000
Category:
Shops / Sale
Price:
EGP 9,000,000 Installment
Price / Sqm:
EGP 200,000 Per Sqm
Store Type:
Other
Finishing Status:
Super Lux
Area:
45 M2
No of Floors:
Delivery Date:
2025
Allowable height:
Last Updated:
Fri 12 May 2023

As an attorney, it is important to understand the legal implications of any real estate development project. In this article, we will review the proposed Oxygen Tower by Enwan New Capital Egypt and assess its legal standing.

The Oxygen Tower is a new development project located in New Capital Egypt. The tower is a joint venture between Enwan and other investors, and is expected to be a 30-floor high-rise building. The development will include commercial, residential, and hotel spaces, making it a multi-use property.

One of the most important legal concerns with any real estate development project is compliance with local building codes and regulations. In the case of the Oxygen Tower, Enwan has reportedly acquired all necessary permits from the Egyptian government to begin construction. This is a positive sign for the project's legal status and future potential.

Another important legal consideration is the contract between Enwan and their investors. Given that the Oxygen Tower is a joint venture, it is crucial that all parties involved have a clear understanding of their rights and responsibilities. As an attorney, I would recommend reviewing the contract to ensure that it is legally binding and clearly outlines the terms of the partnership.

Additionally, there may be legal considerations regarding environmental impact and sustainability. In today's world, it is increasingly important for developers to consider the long-term environmental consequences of their projects. As the Oxygen Tower is a high-rise building with multiple uses, it is possible that there will be significant environmental impact. As such, it is crucial that Enwan takes steps to mitigate this impact, such as incorporating green technologies and construction practices into the building design.

Finally, it is important to consider the legal implications of the Oxygen Tower as an investment opportunity. Potential investors will want to know that their investment is legally sound and that they will receive a return on their investment. It is crucial that Enwan provides transparency and legal assurances to investors throughout the development process.

Overall, the Oxygen Tower appears to be a promising development project that has taken steps to ensure compliance with local regulations and potential legal considerations. That being said, as a Lawyer, I would recommend that any potential investor or partner conduct their due diligence and seek legal advice before committing to the project.