Documents verifiedReady to transferFeatured

Apartment 1BR — Playa

Playa · Ras El Hekma

Developer: G Developments

  • Apartment
  • 1 BR
  • 1 bathroom
  • 76 m²
  • Floor: 3
  • تشطيب كامل
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Photo of Playa
Cash to the sellerEGP 3,400,000

Exactly what the owner has already paid the developer, per the receipts — no markup.

No markup
Remaining to the developer
EGP 7,700,000You continue it on the original contract terms
Total contract price
EGP 11,100,000The price written into the original contract
Developer's price today
EGP 20,750,000For the same unit, or its closest equivalent
Difference vs. market price
EGP 9,650,000Indicative figure
Installment amount
EGP 1,285,000Frequency: Annual
Installments remaining
6 installmentsAnnual
Years paid so far
3 yearsHow long the owner has been paying
Total the buyer paysCash to the owner + remaining to the developer + platform fee — indicativeEGP 11,238,750

The platform fee is 1.25% of the contract value, charged to the buyer and only once the transfer completes. The seller pays nothing.

EGP 138,750

Why is the owner assigning instead of cancelling?

The comparison is indicative and assumes a 15% cancellation penalty on the contract value, the common rate across most developers. The actual rate comes from the contract itself.

If he cancels the contract

The developer keeps the penalty and refunds the rest over years.

What he has paid
EGP 3,400,000
Cancellation penalty (15%)
− EGP 1,665,000
What comes back to him
EGP 1,735,000
Refund waiting time
3 years

If he assigns the contract

He takes what he paid in cash from the buyer, and the buyer continues the installments.

What he recovers in cash
EGP 3,400,000
Timing
On completed transfer
Seller commission
None
Form of transfer
Official, developer-approved
The difference in favour of assigningIndicative figureEGP 1,665,000

Unit details

Unit type
Apartment
Area
76 m²
Bedrooms
1
Bathrooms
1
Floor
3
Finishing
تشطيب كامل
Compound
Playa
Area / city
Ras El Hekma
Developer
G Developments

Assignment at contract price — cash needed EGP 3,400,000, remaining to developer EGP 7,700,000

Interested in this one?

Leave your details and someone from the team will walk you through the contract and the developer-approval steps. We deal only with the owner and the end buyer — no brokers.

Talk to us

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  • 1 BA
  • 79 m²
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  • 4 BR
  • 3 BA
  • 285 m²
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Difference vs. market priceIndicative figureEGP 4M
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Difference vs. market priceIndicative figureEGP 4.5M
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Every figure on this page is indicative and derived from the contract data the owner supplied. The actual outcome depends on the contract itself, on the developer's approval, and on the market at the time of transfer.

Transfers are executed officially at the developer and with the developer's approval — we do not work with powers of attorney. The platform deals only with the owner and the end buyer, never with brokers.

Listing is free for the seller. The buyer pays 1.25% of the contract value, only once the transfer completes.

AqarTanazol — from AQAR Reference