The Awqaf Authority is pleased to announce cooperation with Banque du Caire to launch a unique real estate auction on Monday, July 31, 2023. This auction will be an amazing investment opportunity to obtain luxury apartments, modern administrative units, distinctive shops, spacious garages, and strategically located lands in Aswan, in addition to some units in the governorates of “Qena – Luxor – Aswan”.
Endowment Authority apartments in cooperation with Banque du Caire
In this special report, we publish for you the details of the Endowment Authority’s apartments auction, in cooperation with Banque du Caire, which is scheduled to be held in Aswan on July 31, 2023:
This investment experience will be a great opportunity for smart real estate acquisition, as a variety of residential apartments, administrative units, shops, garages, and modern lands will be displayed in the buildings of the Awqaf Authority in Aswan, in addition to some units in the areas of “Qena – Luxor – Aswan”.
The Awqaf Authority and Banque du Caire auction seeks to provide a unique opportunity for all those interested in investment and upscale housing in an area of a picturesque natural nature. These real estate projects are designed with the highest standards to meet the needs of modern housing and facilitate life for residents.
Endowment Authority apartments auction in Aswan
The Endowment Authority is pleased to announce a special auction for residential apartments in Aswan and other Egyptian governorates on the date of the session, as it will be held on July 31, 2023, to be your real chance to get your dream apartment.
The auction will include different cities, including “Qena – Luxor – Aswan”, where you can choose your ideal unit in the area that suits your needs and life requirements.
Be a part of this special auction and invest in your real estate future, get ready to participate in the session and be one of the winners to get your dream apartment.
Conditions for applying to Awqaf Authority apartments 2023
The Awqaf Authority aims to facilitate the process of submitting purchase offers and to ensure the transparency of the auction. Therefore, applicants must adhere to the following conditions:
Units Inspection: The applicant must acknowledge that he has inspected all the units (shops, administrative and residential units) available for sale in the auction, noting that the decision to purchase the unit is considered an acknowledgment that the inspection has been completed and accepted.
Entry Deposit Payment: The applicant must pay a specific security amount in front of each unit to gain the right to enter the auction session. Payment is accepted in cash or bank check from an approved bank. Please note that this amount is non-refundable in case the auction is not awarded.
Payment of Final Amount: Applicants are offered different payment options for the final amount of the desired unit:
Pay the full price by deducting 7% of the total value of the unit. Pay a percentage of the price in cash and the rest of the amount by installments over specified periods of time with decreasing bank interest.
Acknowledgment of payment obligations: The applicant must acknowledge that he is committed to paying the required amounts on the specified dates for each chosen payment option. Failure to comply with the payment terms may lead to the confiscation of the paid amounts.
Acceptance of the final price: The applicant must acknowledge that he agrees to purchase the unit at the final price that is determined during the auction, and he has no right to withdraw or object to this price.
Responsibility for Payments: The applicant acknowledges that all paid amounts are the property of the Endowment Authority, and in the event of non-compliance with the terms and requirements, the Authority has the right to re-offer the unit for sale again without any objection from the applicant.
All applicants must read these conditions and understand their content accurately before participating in the auction, as an affirmation of our commitment to transparency and integrity in the buying and selling process.
Advantages and characteristics of the endowment apartments auction 2023:
Payment facilities: We are interested in providing a comfortable and easy buying experience for buyers, as we offer great facilities in the payment process. You can choose from flexible options that suit your financial needs, including special discounts on unit prices.
Auction sessions: Auction sessions are held at 12 noon, to ensure comfort and flexibility for attendance and participation. We attach great importance to time and strive to organize events accurately and appropriately for all.
Transparency in details and insurance: We guarantee complete transparency in the auction process and clarification of all details related to the offered units. All important information and conditions are provided in the booklet of conditions, which you can obtain from our website, the Authority’s headquarters, and Banque du Caire branches in all governorates.
We consider real estate purchase a valuable investment opportunity and a unique experience to obtain a home or a commercial unit that suits your aspirations and needs, and we are committed to providing the best services and fair treatment to ensure your complete satisfaction.
2023-07-24 10:56:37
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