3 Bedrooms Townhouses for Sale in Tawila El Gouna By Orascom

Introduction:

Tawila is a luxury residential community located in the beautiful El Gouna area of Egypt. Developed by Orascom Development Holding, the compound offers unparalleled views of the Red Sea, contemporary architecture, and a wide range of amenities. As a lawyer, I have reviewed the legal aspects of Tawila and would like to provide an overview for potential buyers and renters.

Legal Entity:

Orascom Development Holding is the owner and developer of Tawila. The company is one of the leading real estate developers in Egypt and has obtained all necessary permits and licenses to build and operate the compound in accordance with Egyptian law.

Property Types:

The Tawila compound consists of 318 residential units, including villas, townhouses, and apartments. Each type of property has its own unique features, with sizes ranging from 79 square meters to 511 square meters. Potential buyers and renters should carefully review the property options to determine which best suits their needs.

Ownership Rights:

All property in Egypt is subject to the Egyptian Civil Code. Orascom Development Holding has obtained all necessary permits and licenses to develop the Tawila compound and each property within it. Buyers and renters will be required to enter into a contract that outlines their rights and obligations, including the payment schedule, maintenance fees, and rules and regulations of the community. It is essential to review these contracts carefully, to ensure that they fully understand their rights and responsibilities.

Maintenance Fees:

As with most luxury residential communities, Tawila has a resident’s association that is responsible for maintaining the common areas, such as the swimming pool and landscaping. Residents and visitors are required to pay a yearly maintenance fee, which covers the cost of these services. The fee varies depending on the type of property and the size of the unit.

Conclusion:

Tawila is an exceptional development that offers a fantastic range of properties and amenities. As a lawyer, I can confirm that Orascom Development Holding has obtained all necessary permits and licenses to build and operate the compound in accordance with Egyptian law. For those interested in purchasing or renting a property in the Tawila compound, it is essential to review the contract carefully and understand their rights and obligations. Additionally, it is important to factor in the annual maintenance fee when considering the cost of ownership.

https://www.tawilaelgouna.com/NS49096

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