REAL PROPERTY IN EGYPT
Real Estate in Egypt is mainly regulated under the Egyptian Civil law, the Real Estate Registration Law and Law No. 230 of 1996 on the foreigners’ acquisition of real estate and related legislations.
Companies and other entities doing business in Egypt (except for Sinai Peninsula) are entitled to acquire ownership of Egyptian real estate without any restriction or limitation as to the nationality of the shareholders of such companies or entities as long as the acquired real estate is necessary for doing business. However, a recent decree provides that certain limited areas may not be acquired by foreigners.