2 Bedrooms Apartment for Sale in River Green New Capital By MBG - Delivery Year 2025

As a lawyer, I can provide legal information regarding the River Green compound in the New Administrative Capital of Egypt.

River Green is a residential compound located on the banks of the Green River in the New Administrative Capital. Developed by the River Green Development Company, the compound covers an area of approximately 33.8 acres and includes a range of residential units such as single-family homes, townhouses, apartments, and duplexes.

The River Green compound is subject to Egyptian property law and regulations. River Green Development Company must comply with relevant laws and regulations, including obtaining necessary permits and licenses from the relevant authorities, such as the Ministry of Housing, Utilities, and Urban Communities, to carry out the construction and operation of the project.

Furthermore, the compound is subject to zoning and planning regulations to ensure that the development adheres to environmental, health, and safety standards. The developer must comply with specific building codes and regulations, such as the International Building Code, to ensure the structural integrity and safety of the buildings within the compound.

Residents and property owners within the River Green compound are subject to homeowner association (HOA) rules and regulations. These rules cover various issues such as property maintenance, usage of common areas, and behavior standards. Violation of the HOA rules can result in penalties or legal actions against the offenders.

In terms of financial and legal regulations, the River Green Development Company must comply with audit and risk management regulations, ensuring financial solvency and accountability. In addition, the developer must follow Corporate Governance rules, ensuring transparency, accountability, and integrity.

As the compound is in close proximity to the Green River, it is subject to environmental regulations put in place to ensure that its operations do not have detrimental effects on the river or the environment in general.

Overall, the River Green compound is a legal and regulated development that must comply with various laws and regulations to ensure the safety and welfare of its residents and visitors. As a lawyer, it is important to stay up-to-date with the legal framework surrounding such developments to provide adequate legal protection for our clients. It is equally important to ensure that any sale, renting or mortgage agreement covering the compound being drafted accurately, to protect the rights of the client in the future.