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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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  #421  
Old 24-06-2008, 08:36 PM
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Hi all, we have been advised by our solicitor that we should proceed unless we have arabic contracts. The developer has assured us that an English contract will be fine since its all governed under dutch law, but one of us has noticed that in the investment guide is says something like "disputes out of this contract will be dealt with by the Egyptian Court".

Please can we all try to stick together on this one and insist that IPI give us an arabic contract.

The greater the number of us, the more chance we have in them listening to us.

lou
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  #422  
Old 24-06-2008, 08:50 PM
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Originally Posted by samui13 View Post
Hi all, we have been advised by our solicitor that we should proceed unless we have arabic contracts. The developer has assured us that an English contract will be fine since its all governed under dutch law, but one of us has noticed that in the investment guide is says something like "disputes out of this contract will be dealt with by the Egyptian Court".

Please can we all try to stick together on this one and insist that IPI give us an arabic contract.

The greater the number of us, the more chance we have in them listening to us.

lou
Hi Lou
The quote that says that "disputes arising from this contract will be submitted to a court in Egypt" is from the contract page 6 and not the investment guide and therefor would be binding

Cliff
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  #423  
Old 24-06-2008, 08:53 PM
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Cheers Cliff, well spotted.
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  #424  
Old 24-06-2008, 10:06 PM
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I agree on sticking together on this.
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  #425  
Old 25-06-2008, 08:59 AM
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In view of the details in the contract re Egyptian Courts, I have today told the developer I intend to pull out if they will not issue Arabic Contracts.

I will be totally totally gutted but am not prepared to waste more time waiting for this developer to get his act together. Still no due diligence!!!!!!!
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  #426  
Old 25-06-2008, 11:08 AM
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Originally Posted by Cliff277 View Post
Hi to all
I have been a member of this forum for some time but have not posted, so I think
it is time I introduced myself. My name is Cliff and my wifes name is Lyn, we reserved a 2 bed apartment at MABR early in January and got our first choice of end apartment 1FF020 and received our agreement on 2nd June. I have been communicating with Samuie 13 for some time and joined the group that have sent our agreements to Zeiad.

Cliff
Hello Cliff

I been trying to contact Zeilad with no success,(E-mail)...

I don't have his phone number either...I also would like to joined this group...

Kia.
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  #427  
Old 25-06-2008, 11:28 AM
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Hi have you used the correct email - I had a response from Zeiad yesterday?
zeiad.yehia@gmail.com
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  #428  
Old 25-06-2008, 12:26 PM
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Originally Posted by kia11 View Post
Hello Cliff

I been trying to contact Zeiad with no success,(E-mail)...

I don't have his phone number either...I also would like to joined this group...

Kia.
Hi Kia
I have not been able to contact Zeiad myself by email and i know that I am using the correct address.Samui13 has had a reply but i think that she pm him direct from this site.

Cliff
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  #429  
Old 25-06-2008, 02:07 PM
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I've sent him my contract but haven't heard anything from him yet.
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  #430  
Old 25-06-2008, 02:15 PM
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Hi Guys, I believe Zeiad has been on holiday for a week. He is awaiting the due diligence.

Lou
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