الأرض المعروضة باسم هاسيندا رأس الحكمة… عليها عقد دولة من ١٩٨٧

Every coastal project sells with renders, showrooms and a soundtrack. This particular one comes with a paper you should read before entering: an official sale contract from the Egyptian state, dated 18 November 1987, on the same land marketed today as "Hacienda Ras El Hekma."

A state contract, not an informal paper

The contract was signed personally by the Minister of Tourism in favor of the Disney Beach investment company, a joint-stock company founded under Investment Law 43 of 1974 under the General Authority for Investment, whose Commercial Register No. 243949 remains valid and renewed to 2036. The engineering drawings were approved in 1988, subdivision decree No. 84 of 1992 was published in the Official Gazette, and the village opened in September 1992. It has been inhabited ever since.

What does co-ownership in common mean?

Co-ownership in common means each partner's share runs through every metre of the land, the beach and the utilities, not a fenced corner plot. In 2022, the developer's companies bought some partners' shares. The law here is plain: buying shares makes you a partner in shares. It does not hand you the whole land, and it does not let you sell the other partners' shares without their consent. Selling what belongs to others is void. That exact dispute is Case No. 57480, now before Egypt's State Council.

What this has to do with the unit you're considering

The unit being offered to you may be drawn precisely on that shared land. Before signing or paying a reservation fee, ask for your unit's position on an official coordinate map, and compare it against the published coordinate tables of the 1987 contract, metre by metre. Minutes of checking can spare you years of dispute. Contracts do not age out, however the market moves.

The full contract, the coordinate tables and the commercial register are all published on the owners' site, and the documents page here carries the short version in images. Read first, then decide.