Hi Tony , welcome to the forum. Yep, it looks like you're doing it right but if you've any questions about finding your way around the forum just ask. If you click on this link

http://www.propertycommunity.com/forum/egypt...erty-egypt.htm

you will find out about Zeiad, where he is based and the legal work that he carries out. Have a read through but I'm sure Queenie will fill you in with more information when she's back online.

Hi Tony good luck with your purchase and welcome. Its lovely to hear from yet another Sierra Investor.

We have bought in block 40 so more or less opposite your block. Zeiad is based in Naama bay at El-Gendy Mall, King of Bahrain St., 2nd floor. It is the side road that is more or less opposite Camel Bar.
Zeiad has already checked the land ownership. He wll check your contract and advise you on it. Answer any questions you have about the contract and liase with the developer to change anything if necessary. Once you have signed the contract the developer then signs ( you keep a copy and it is in English and Arabic ). You need to go to El Tor to get a resident and multi entry visa at the passport office then go to the government office nearby and get the POA for Zeiad to act on your behalf.

Here is an extract from this link by Zeiad http://www.propertycommunity.com/forum/egypt...rty-egypt.html

Purchasers should take the following procedures into their consideration while purchasing a property in Sharm el Sheikh:


A) Obtaining a real estate certificate and a tax certificate for the property:
Purchaser's lawyer should obtain a "NEGATIVE" certificate for the property from the government, stating that there are no mortgages, pledges, or any other sort of rights arranged to any other party on the desired property. The certificate must be governmental and stamped with the official stamp of the state. Also a certificate must be obtained from the tax authorities determining the exact due taxes on the desired property. There has been a wide-spread myth stating that there are no taxes due on Sharm el Sheikh's properties. The truth, however, is that THERE ARE taxes estimated on each property in Sharm el Sheikh. Those taxes vary in value according to the original usage of the property. Purchasers are requested to consult their lawyer in order to handle the taxes issue. Taxes can be reduced to almost 60 EGP in case if the property is used for the sole purpose of residence, while these taxes would be higher in case if the property was used for the purpose of renting out.

B) Articulating a precise and bilingual sale / usufruct contract:
Sale / Usufruct is actually all about the contract, and therefore it is imperative for a purchaser to have a precise and detailed contract, defining the property boundaries in a definitive manner, purchase price, how did the property evolved to the previous owner, method of payment…etc.
This contract should be articulated in both Arabic and English languages, and it must be taken into consideration that the only authenticated and recognized language in courts is the Arabic language, and consequently English is used for the mere purpose of guidance. Here is a golden advice: NEVER sign a contract which was articulated only in English or any other languages than Arabic when it comes to purchase a property in Egypt, or you will be in serious risk.

C) Authenticating Sale / Usufruct Contract:
Prior to the point of authenticating Sale / Usufruct contract, purchasers are required to issue a power of attorney to their lawyer, in order to be able to act on their behalf in courts. Power of attorney, however, requires the purchaser "Principal" to obtain a multi-entry visa from El Tur city, which is located not far from Sharm el Sheikh, and where all the governmental utilities for Sharm el Sheikh's area are located. After obtaining the power of attorney from the notary office, the lawyer is responsible for establishing the signature validity legal suit. This legal suit takes between 6-8 months before obtaining the final verdict from the court.

These were simply the imperative steps needed to purchase a real estate property in Sharm el Sheikh, which in practice are not any different between Egyptians and foreigners, Except for the fact that Egyptians are entitled to choose between having a sale or usufruct contract, while foreigners have the sole choice of having a usufruct contract.

Have you been out to see the site yet?

Any questions please feel free to ask. There are lots of interesting threads on the forum that may help you.

Regards

Alison

many thanks yes i was there 2 weeks ago the completed units look great trying to get completion date for ours now we already have eng/arabic contract so hope not too much else needed. bit confused about hand over proceedure but sure it will be forthcoming

Hi Tony - if you have any pics that you would like posted on here you can email them to me and I can post them for you as you will need to have made 20 posts before you can post them yourself.
I would imagine your handover will be about the same time as ours as you are on the same phase. We were told at the end of March around 60 days so should be end of May.

HI Everyone,

I just wanted to say Hi - We've just completed the purchase of 13A2 in Sierra. We were out there for a holiday last month and accidently visited Sierra and purchased an apartment! We've gone for the furniture package because it's likely we'll use the Hotel to rent out the apartment when we can't fill it - also we don't need to be there and everything will just be completed in our absence.

We're expecting our apartment to be completed at the end of May - but can't get back out there until later in the year so not sure how we're going to get the finished article checked within the proposed 15 days? - Perhaps we can get someone else to do it for us or just ignore it until we can go out and hope they'll allow a snagging list still!

We have used Abbas El Bahravy as our Lawyer based in Sharm- he speaks perfect English, has answered my questions very promptly and was recommended by Khaled.

In the week we were in Naama Bay we visited the Sierra site, chose an apartment, paid the deposit, met the Lawyer, went to El Tor for Visa (you only need a 3 month single entry one) to get the POE arranged - finished the last signatures with the Lawyer 1 hour before the transfer coach picked up to return to the airport. (I also did my Advanced PADI course and Notrox course in the same week). I can't wait to get back out there for a Holiday!!

Looking forward to meeting up with some of you later in the year - we'll be having a BBQ on the Lawn!

That has to be the funniest thing I've heard with regard to buying an apartment What a mad pair! MInd you I've purchased in Hurghada without even seeing the place so I can't talk! One extreme to the other
Congratulations and welcome to the forum both of you.

Hi Mark and Martine and welcome. Its lovely to hear from yet another couple of Sharmers purchasing on Sierra.
You certainly had a busy holiday!!! I had previously checked with Tarek the developer the clause in the contract I think you are referring to ( article 8 ). My lawyer was going to get this changed to a more reasonable time frame of 60 days. I emailed Tarek and he said that this 15 days does not mean that you have to get over to pick your keys up and snag the apartment. He said we can go anytime and anything that we are not satisfied with will be rectified. From what he said I think what it means is that after that 15 day period you will not be entitled to any other late handover payments because the rest of the development is not completed.
Good luck and all the best.
Heres to a few cold beers and a BBQ.

Regards

Alison

When I first became a member of this forum I think you were about the only Sharma here Alison. It now looks as though you're set to overtake the Hurghadians

Hi Linda - yes I thought I was going to be the only one. Its lovely to hear from so many others that have bought on Sierra or in Sharm.

what number are you we are 35 and we are planning to go over on 22/05/08 half term