Who is the developer of Stella compound?

The company that owns Stella North Coast is REMCO Group

Stella North Coast Townhouses for sale

Reference: NS 66360

MLS Realty
+201200070979

Email Agent

+2 012 00 231 000

Stella North Coast Townhouses for sale

Reference:

NS 66360

Price:

Call Us

Finishing Status:

Semi Finished

Plot Area:

500 sqm

Building Area:

300 sqm

Bedrooms:

Bathrooms:

Listed:

Thu 30 Mar 2023

About Stella North Coast

Townhouses 4 Bedrooms for Sale in Stella - North Coast By REMCO Group

Possible article:

Legal Overview of Compound Stella North Coast in Egypt

As a lawyer specializing in real estate law, I have examined the legal aspects of the residential compound called Stella North Coast, which is located on the Mediterranean coastline of Egypt. Here is an overview of my findings.

Ownership and Registration

The compound is owned by a private company named SODIC, which is registered under the Egyptian law and subject to the supervision of the Real Estate Development Authority (REDA). The land on which the compound is built was acquired through a usufruct agreement with the Egyptian government, which grants SODIC the right to use, develop, and sell the land for a period of 50 years renewable.

The master plan and design of the compound have been approved by REDA, and the buildings and facilities have been constructed according to the building codes and safety regulations in force in Egypt. The units within the compound are registered with the Notary Public and the Real Estate Registry, which ensures their legal validity and enforceability.

Offering and Sale of Units

The units within the compound are offered and sold to individual buyers either directly by SODIC or through authorized agents who are registered with the Ministry of Investment and International Cooperation. The purchase process involves signing a preliminary contract, paying a reservation deposit, submitting the required documents, and paying the full price in installments or in a lump sum.

The final contract of sale should include all the terms and conditions agreed upon by the parties, such as the price, payment schedule, area, location, type, and specifications of the unit, as well as the rights and obligations of the parties. The contract should also mention the warranties, guarantees, and remedies available to the buyer in case of defects, delays, or breaches.

Facilities and Services

The compound offers a range of facilities and services to its residents, such as swimming pools, gym, spa, restaurants, cafés, shopping area, security, maintenance, and concierge. The fees for using these facilities and services are determined by SODIC and are subject to change from time to time.

The provision of such facilities and services is subject to the relevant laws and regulations in Egypt, such as the Health and Safety Law, the Environmental Protection Law, and the Labor Law. SODIC is responsible for complying with these laws and maintaining the quality and safety of its facilities and services.

Conclusion

In conclusion, the compound Stella North Coast in Egypt is a legally valid and viable option for those who seek to own a residential unit on the Mediterranean coast of Egypt. As with any real estate investment, it is advisable to seek the advice of a competent lawyer and to conduct a due diligence investigation to ensure the legality and suitability of the property.

https://www.northcoastresorts.com/NS66360

MLS Realty
+201200070979