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Egypt property The property market in Egypt is primarily focused around the Red sea and Mediterranean coastline. Property investors are also buying in and around the main urban hubs of Cairo, Alexandria and Luxor, The Egyptian governments pro-active policies for attracting overseas investment has created an economic climate geared for growth in the Egyptian property market. Do you agree? Please state your views and opinions here on our new Egyptian property forum.

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Hania Beach, Central Hurghada, Egypt - Due for completion Summer '09. - Page 73

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  #721  
Old 04-06-2008, 03:15 PM
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Zeiad has made a post in the Legal thread ref Hania today.
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  #722  
Old 04-06-2008, 03:26 PM
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B: Hania Beach:
Zaied has posted this today,...

The developer's solicitor has stopped liaising for no clear reason, after he told me that he was sending the due diligence documents! Despite the fact that this makes me a bit suspicious, but an associate is meeting up with the developer tonight in Hurghada to check these documents. You will be updated. Sorry for the delay but seriously I did not cause it, and if they showed the documents since we first requested it things would've accelerated way faster. Now I am hoping the reason of this delay would not be that the documents are not what I expect. We'll see anyway.


All the best,

Zeiad Yehia
Solicitor

Fingers crossed that whoever uses who the DD is all good!
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  #723  
Old 04-06-2008, 03:52 PM
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Dear all.

Let's take a step back and use our common sense for just one second.

Mustafa of AS has spent many many weeks and at cost to himself putting together a DD. I know for a fact that IPP Ltd and Mustafa have given Zeiad all the documentation he requires to complete the DD (on more than one occasion). They are not prepared to give him the DD document itself, why should they. They have given him all the information required to complete the exercise.

We hear nothing for Zeaid for days, no update nothing!!! Clients Of Zeaid are unhappy and want to get issues resolved so they decide to go via a UK based lawyer who is safe and provides UK legislation as protection.

Then Zeiad suddenly turns up stating that the delay is not his fault and that IPP Ltd and Mustafa are not prepared to provide the information.

Let's use our common sense and read between the lines people. Only one member on this board I am aware of has used the services of Zeiad.

AS are governed by UK law, hence any DD they do is governed by UK law. It takes time and money to provide an accurate and extensive DD.

Let's be practicle about this issue and use our common sense, then make the correct assumptions then come to the correct conclusions.

Regards

RED
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  #724  
Old 04-06-2008, 03:58 PM
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Hi Red I am not the only one that has used Zeiads services on this forum. There are plenty and he still comes highly recommended. The person who recommended him to me is now a member here as well.
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  #725  
Old 04-06-2008, 04:03 PM
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Ive lost all interest in Hania Beach now. All I see is a wasted £2k.
If things do not pick up soon and start moving in my favor then Ill cut my losses, put the £2k down to experience and take the rest of the money up the pub and never invest anywhere ever again and stay in my council flat!
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  #726  
Old 04-06-2008, 04:04 PM
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Quote:
Originally Posted by queenie40something View Post
Hi Red I am not the only one that has used Zeiads services on this forum. There are plenty and he still comes highly recommended. The person who recommended him to me is now a member here as well.
Alison.

I respect that, but I for a fact know that information has been sent to Zeiad for him to complete the DD.

I had a two hour meeting with Mustafa yesterday and have been in constant contact with IPP Ltd regarding this matter, mainly becuase I was going to use his services myself.

My research has thrown up some interesting facts which convinced me to use the services of AS.

Now people are free to use what ever lawyer they wish to use it's their money. But if your spending many tens of thousands of pounds I know which lawyer I'd be employing.
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  #727  
Old 04-06-2008, 04:13 PM
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Question confused

I'm realy confused what is happening?
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  #728  
Old 04-06-2008, 04:14 PM
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Quote:
Originally Posted by redangel7861 View Post
Anyone thinking of doing a site visit?

Me and a few of my friends are looking to visit the site in the next few weeks.

Rgds
RED
We actually went to the site a couple of weeks ago before we finally agreed to buy Hania. if there is anything you would like to know please ask . I will help if I can.
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  #729  
Old 04-06-2008, 05:38 PM
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Apointment with Anthony Seddon at 1pm tomorrow. Shall let you all know the outcome.
Im smiling again!
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  #730  
Old 04-06-2008, 05:45 PM
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Originally Posted by MrSkipsey View Post
Apointment with Anthony Seddon at 1pm tomorrow. Shall let you all know the outcome.
Im smiling again!
Glad to hear it
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