Hi Queenie,
I think it is true if your property is built by an egyptian building company and this make sense but ipi owns the land and they are dutch so if there is an issue with the contract, then dutch law is the one ruling.
I mean, the property is freehold and the land is freehold too, so if the company is building on the land, it means they have bought it and what is related to the construction sale is ruled by the law of the country the company building on is from.
anyway, they have lawyers, abn amro have lawyers, best western have lawyers, if they had to provide a contract in arabic they would. My agent got the confirmation from ipi, the contract is in english because it is ruled by dutch law but my title deeds will be in both english and arabic because they are ruled by egyptian law.
If you buy a land in the one foreign country and you build a house on it and you sell, the contracts will be done under the law of your country. Because the contract is about buying, it is not about owning, if that make sense. Your title deeds are your proof of ownership and if there is a problems with the ownership, it is under the rule of the country the property is located.
The contract is about the sell, the deeds are about ownership.
Sorry if my english isn't very clear...
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