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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.

Desert Pearl 1 - Page 61

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  #601  
Old 06-07-2008, 10:26 PM
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Posts: 325
Default re wwd

My life has so many ups and downs and to be honest life is a little too short to be over anxious re Desert Pearl i do however agree with you on this topic and cannot be bothered to worry too much, I am sure that when they need to sort the legal side out they will.I have a legal document stating i own it out right so when WWD or ELRIAD want to get there name away from the ties to my apartment.Legally it is mine so i will just wait for for the ever dependable Hannah to contact me.
This is how i stay so positive as there are more important things for me to worry about lol.But i am sure it is not as easy for some people who are still trying to settle funding disputes etc. I am sure it will not be long then all these problems will be gone and we can settle and enjoy the sunny side of egypt
Quote:
Originally Posted by donnaxcx View Post
Hi, thanks for the message.

I have a Public Notary local to me so there is no need to get it sent to a Public Notary in London, especially when WWD's UK office is 35 minutes down the A1 from me, they're closer to me than London. I was advised by a solicitor that the Power of Attorney had to be signed by me in their presence they also required my passport so i'm a little confused that WWD think they can do it a different way.

Pardon my cynicism but I don't think they will be in a hurry to get in touch with all clients as they know we'll call them.

I don't know how you remain so positive given the amount of messes WWD have got clients in to?
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  #602  
Old 06-07-2008, 10:35 PM
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Default my Poa front sheet

Quote:
Originally Posted by simonjwatts1 View Post
My POA is only good for the purpose of transfering the ownership of L202 into our names and is automatically revoked once this purpose is done (stated very clerly in the English side of my POA issued by WWD/UL in original state. i did no leg work for my POA as it was stamed by both embassy and consulate in London and was then sent direct to me so why can this not be done again?? Yes a Notory stamped it but this can be done by a Notory on your behalf if you sign n the doocuments?? Any how i am sure it will be sorted either way as we really do not need a POA unless you wish to Register. Meters etc can be sourced once a residence visa is gained.
this is the front sheet of poa and clearly states it is only good for one thing
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  #603  
Old 06-07-2008, 10:52 PM
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Quote:
Originally Posted by simonjwatts1 View Post
My POA is only good for the purpose of transfering the ownership of L202 into our names and is automatically revoked once this purpose is done (stated very clerly in the English side of my POA issued by WWD/UL in original state. i did no leg work for my POA as it was stamed by both embassy and consulate in London and was then sent direct to me so why can this not be done again?? Yes a Notory stamped it but this can be done by a Notory on your behalf if you sign n the doocuments?? Any how i am sure it will be sorted either way as we really do not need a POA unless you wish to Register. Meters etc can be sourced once a residence visa is gained.
I'm very aware of the POA's purpose thank you

But you're confusing me, are you or are you not continuing to use United Lawyers? Because if you're continuing with them then you wont need to get another POA done... will you? And if you're not continuing with them it will need to be revoked as you're choosing that they do not undertake the work you originally granted them power to do.

And i'm sorry for thinking that:

trotting down to the nearest Public Notary to get the POA notarised, then...
sending off the POA to the Foreign and Commonwealth and then the Egyptian Consulat, and then....
awaiting its return (which could take weeks) ....
and then sending to whichever appointed solicitor in Hurghada...... is leg work!! Of course it is and it makes my rush down to London the first time around, pointless! That rush was all due to the fact I was told my apartment was done in February...and it was March when i found out about the need for the above...and now i know my apartment wasn't ready at all. Now that it is done I cant legally complete because of this big hoo har!

As far as i'm aware the POA i have used granted them power to undertake all legal aspects of purchasing a property including transferring the ownership of the property under the purchasers name. This is separate to the registration process equivalent to the Land Registry here, although in Egypt it is currently an optional exercise.

Can i ask you who told you meters could be gained once a residents visa has been obtained?
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  #604  
Old 06-07-2008, 11:06 PM
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UL have stopped working with WWD DUE TO THERE "FALL OUTS" as i have paid in full i have to get new POA done as MR Refeat has decided not to continue with the purpose he was paid for. So the POA which was issued for the purpose as stated on it unless the person we signed it too does the work then the paper it is printed on has no purpose so is useless. The Meter busines was told to me before i did a POA as you can do the meter side on your own as you can in uk but it is just a pain in the back side. Hence why i wanted a lawyer to get on with it. My other apartment in Sharm has been completed already and i sourced meters etc via the builder and have my residency visa to aid me oredering them and the phone line.
And forgive me but if i am wrong then so be it i will find out lol. The legal side of purchasing and registration of property in to our own names is not a real problem as i could use a totally seperate lawyer in Sharm to fullfill this area but as it was paid before then i will wait till WWD pay it all for me. I am in no rush i can still rent it out and enjoy it
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  #605  
Old 06-07-2008, 11:12 PM
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Quote:
Originally Posted by simonjwatts1 View Post
My life has so many ups and downs and to be honest life is a little too short to be over anxious re Desert Pearl i do however agree with you on this topic and cannot be bothered to worry too much, I am sure that when they need to sort the legal side out they will.I have a legal document stating i own it out right so when WWD or ELRIAD want to get there name away from the ties to my apartment.Legally it is mine so i will just wait for for the ever dependable Hannah to contact me.
This is how i stay so positive as there are more important things for me to worry about lol.But i am sure it is not as easy for some people who are still trying to settle funding disputes etc. I am sure it will not be long then all these problems will be gone and we can settle and enjoy the sunny side of egypt


As has mine but you cannot say that life's too short to be over anxious on something as big as this, something you've laid alot of money on...unless of course if you have more money than sense. You should respect someones right in being anxious, right now personally this is my main concern in life and a big commitment of mine. Financially i'm screwing every penny possible out of my wages to pay for this investment so i cannot sit back and have a relaxed attitude when so far this whole endeavour has proven to be one of the most stressful things i could encounter, stressful because most things are out of the purchasers control.

How can you say you have a legal document stating you own it if you haven't legally completed and the property is not in your name? If you haven't legally completed then it's not legally yours. I'm not questioning the viability of our purchases, we have a paper trail, of course they'll be legally ours ....eventually.

I'm just rather peeved off because i've just had to turn down someone who wanted my apartment for a month....why...because i haven't legally completed and due to this new situation i wont have in time for when they want to stay in it.

I'm glad that you can stay so positive and i'm sure you're right we'll be able to get this out the way soon!!
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  #606  
Old 06-07-2008, 11:31 PM
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Default

Quote:
Originally Posted by simonjwatts1 View Post
UL have stopped working with WWD DUE TO THERE "FALL OUTS" as i have paid in full i have to get new POA done as MR Refeat has decided not to continue with the purpose he was paid for. So the POA which was issued for the purpose as stated on it unless the person we signed it too does the work then the paper it is printed on has no purpose so is useless. The Meter busines was told to me before i did a POA as you can do the meter side on your own as you can in uk but it is just a pain in the back side. Hence why i wanted a lawyer to get on with it. My other apartment in Sharm has been completed already and i sourced meters etc via the builder and have my residency visa to aid me oredering them and the phone line.
And forgive me but if i am wrong then so be it i will find out lol. The legal side of purchasing and registration of property in to our own names is not a real problem as i could use a totally seperate lawyer in Sharm to fullfill this area but as it was paid before then i will wait till WWD pay it all for me. I am in no rush i can still rent it out and enjoy it
Have United Lawyers confirmed to you as their client in writing that they are no longer working for you under the terms of your POA?? The email I got from United Lawyers (which instigated the rumours and started this hoo har) pretty much encouraged me to continue to work with them as they wanted to 'protect my interests'.

I am not disagreeing with you in terms of the POA's validity should United Lawyers decide to not undertake the work for you as client, what i'm suggesting is that it's WWD's decision to stop using them and United Lawyers still want your custom!

I'm not saying you're right and i'm wrong i'm just being realistic and practical also going by my experience in working in property.

Yes i believe you can register at any time too
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  #607  
Old 07-07-2008, 08:37 PM
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Smile

here is my acceptance letter, how legal is it?? i reckon very much legal. so regardless of WWD,ELRIAD,THIS ONE THAT ONE this is very clear. This wouls stand in any court of law. If there are any lawyers on the forum who want to tell myself and my personal lawyer ant difference then ok.
I do empathise with all complaints and worries others have and undersatand what is going on.
But you having to turn down a months rental is ridiculas??
People including myself are renting through letting agents and having very good success.
If you have the same documentation then you should be putting your apartment to use if that is what you bought it for??
I do not care who is right or wrong i just look at all the legal signed documents i have in my possesion and it stops me from being anxious.
Sorry if it offends peoiple me being a little laid back but i am confident i have enough documentation to prove i own it.
Also i have not got more money than sense i am the same as everyone else and am just trying to enjoy my apartment in the sun when and if i want.
It is time for the information to stop being misconstruied and all of us just settle down again and relax.
There are professional selling agents on here telling us all the same dont worry it will be sorted.
I was only there last week the place is great except it is next to a building site so the electric and water keep failing but as it is free at the minite (thankyou WWD and EL RIAD ) i CANNOT COMPLAIN.
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  #608  
Old 07-07-2008, 09:20 PM
JAD JAD is offline
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Default Pics

Quote:
Originally Posted by donnaxcx View Post
Hi all

I have uploaded photos of the complex which were taken between june 5th to june 12th. One photo is the view from my balcony of DP2. The second photo shows the front arm of DP2 and third photo taken from the street where you can see the construction site with Coral Pearl in the foreground. I'm certain it would have progressed further since I was over there, so it would be good if anyone has more recent photos.

Cheers
Hi,

Many thx for pics of development. Can u possibly tell me how much gap there is between DP2 & the start of Coral pearl?

We are A302 in DP2 which half overlaps the end section nearest the road of Coral so I want to know if I will be sharing breakfast with our neighbours opposite. Unfortunately it's not the position I would have chosen - after reserving all the way back in Feb 2007 but that's another story!

Many thx,
JAD
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  #609  
Old 07-07-2008, 09:51 PM
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Join Date: Feb 2008
Posts: 29
Default

Quote:
Originally Posted by simonjwatts1 View Post
here is my acceptance letter, how legal is it?? i reckon very much legal. so regardless of WWD,ELRIAD,THIS ONE THAT ONE this is very clear. This wouls stand in any court of law. If there are any lawyers on the forum who want to tell myself and my personal lawyer ant difference then ok.
I do empathise with all complaints and worries others have and undersatand what is going on.
But you having to turn down a months rental is ridiculas??
People including myself are renting through letting agents and having very good success.
If you have the same documentation then you should be putting your apartment to use if that is what you bought it for??
I do not care who is right or wrong i just look at all the legal signed documents i have in my possesion and it stops me from being anxious.
Sorry if it offends peoiple me being a little laid back but i am confident i have enough documentation to prove i own it.
Also i have not got more money than sense i am the same as everyone else and am just trying to enjoy my apartment in the sun when and if i want.
It is time for the information to stop being misconstruied and all of us just settle down again and relax.
There are professional selling agents on here telling us all the same dont worry it will be sorted.
I was only there last week the place is great except it is next to a building site so the electric and water keep failing but as it is free at the minite (thankyou WWD and EL RIAD ) i CANNOT COMPLAIN.
Good to see you have your documentation. We don`t have ours as yet [even though we were out there in April for 3 weeks]. Until then, I doubt if we could rent the apartment..[could we??] I`m also fairly confident of things being sorted out..however I also admit to not knowing half the time what is going on!! You have a different lawyer now to Refaat? Or are you still using him? We are still with them...{I assume this to be the case}..seems its a waiting game at the moment until we hear more news, we will only be happy once we have our documents,but again nice to see that you have yours. Good luck.
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  #610  
Old 07-07-2008, 09:57 PM
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Join Date: Oct 2007
Posts: 325
Default hiya

yes i am still with them as far as i know as WWD are sourcing new lawyers.
I had a lawyer take a look at posted letter. I have some pics but am finding it difficult to shrink to get on here. send me pm of your email i will send direct if you wish




Quote:
Originally Posted by diward57 View Post
Good to see you have your documentation. We don`t have ours as yet [even though we were out there in April for 3 weeks]. Until then, I doubt if we could rent the apartment..[could we??] I`m also fairly confident of things being sorted out..however I also admit to not knowing half the time what is going on!! You have a different lawyer now to Refaat? Or are you still using him? We are still with them...{I assume this to be the case}..seems its a waiting game at the moment until we hear more news, we will only be happy once we have our documents,but again nice to see that you have yours. Good luck.
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