Buying a property from an under-construction compound can be an exciting step, but there are some precautions you should take before buying to make sure you get a good deal, and avoid any problems and obstacles in the future.
Precautions you should take before buying a Real Estate Unit
- Check the reputation of the real estate development company:
The reputation and history of the real estate development company, owner of the project. It must be verified, and it has a proven track record in its previous projects.
- Check the truth of the statements of the real estate developer on the project.
The statements made by the real estate developer regarding the project must be verified and accurate and made sure that they are consistent with the existing facts, and are confirmed with the construction and delivery schedule.
- Search for the project and its area
You must search well for the project and the area in which it is being built. Also check the infrastructure in the area, and make sure that it has all basic services such as schools, hospitals, commercial centers, and others.
- Review legal documents
It is necessary to review the legal documents related to the project, such as purchase and sale contracts and pre-contractual contracts. Verify the terms of payment and the delivery schedule, and ensure their validity and legitimacy.
- Visit the project site
The project site must be visited and the construction status, finishing quality, and materials used must be verified. Make sure that they are in accordance with the specifications announced for the project.
- Guarantees
You must inquire about the guarantees available from the real estate developer, such as quality guarantees and maintenance guarantees for a specified period after the handover.
- Hire a real estate expert:
A real estate expert can be consulted to obtain professional and reliable advice regarding the property to be purchased and to ensure the validity, legitimacy, quality, and appropriate price of the property.
Village West Compound
- An integrated residential project in Sheikh Zayed City, designed by Dorra Group.
- It is designed according to the latest modern construction standards, on an area of 125 acres.
- It has units: apartments, garden apartments, duplexes, and penthouses.
- The compound includes vast green areas.
- It is located near Royal City Compound and Cairo Gate.
- It is about 3 minutes away from Hyper One.
- Installment system over 7 consecutive years.
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Zed Towers
- The construction of Zed Towers was carried out by the well-known Orascom
- It is similar in design to the skyscrapers in Dubai.
- It is located in a very special location near Hyper One and Al Rabwa Compound.
- The residential units are divided into: apartments, penthouses, and duplexes.
- There is an area designated for services, and the tower overlooks a wonderful view.
- Zayed Towers enjoy beauty and elegance in terms of designs.
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Canal Walk Island 205 Compound
- Launched by Arkan Palm Development Company.
- Located on the 26th of July axis, the central axis overlooking 1 km, and Al Bustan Road.
- The compound was designed to include a group of hotel apartments belonging to the Crowne Plaza Hotel.
- Types of Units: apartments, apartments with gardens, duplexes, and penthouses.
- Direct view of the compound’s rivers and lakes.
- Tourist walkway and hotel services.
- Convenient installment systems.
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Belle Vie Compound
- Implemented by Emaar Misr
- It was built on an area of 500 acres, which is a large area that was divided perfectly.
- Located on the Dabaa axis, 30 minutes from the desert road.
- 10 minutes from Juhayna Square and 6th of October City.
- It has different types of housing units among apartments, villas, and duplexes.
- Providing convenient and long-term payment methods in order to facilitate the customer.
- Wide green areas, water bodies, and an artificial beach.
- 24-hour security and guarding, and surveillance cameras.
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