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Marsa Alam Beach Resort Red Sea Egypt Investment Project




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Marsa Alam Beach Resort Red Sea Egypt Investment Project


For Sale FEATURED

Price: Euro 29,500
Listing Type: For Sale
Property Type: Off Plan Projects
Style: Sea View
Year Built:
Location: Red Sea Egypt Marsa Alam
Directions:
(Get Yahoo Driving Directions)


Bedrooms: Half Bathrooms:
Bathrooms: Lot Size (acres):
Basement: Finished Size (square feet):
Garage: Attached Garage Cars:
Agent Commision (%): Winter Tax / Summer Tax: /


Appliances Included: Additional Out Buildings:
   
Features:  
 


Description:


OverviewFrom the developers of the
highly successful Zafarana Resort further
up the Red Sea Riviera comes the Marsa
Alam Beach Resort, an exciting new
development in the fast up-and-coming
Marsa Alam area, world famous through
its unspoiled beaches and incredible
diving opportunities.

The Marsa Alam Beach Resort is set in
over a quarter of a million square meters
with half a kilometer of private beach
frontage. The resort comprises 1434 units
in total and an extremely low building
density of just 18%, meaning that the
resort encompasses 205,000 square
meters of manicured gardens, lawns,
pools and communal areas. This ensures
that
investors and guests alike can take full
advantage of the tranquil gardens and
surroundings within the resort.

The resort features everything that a
guest could possibly need for the perfect
break away from the stresses of day-to-
day life, with a health centre, sports
courts, ten swimming pools, children's
play areas, a variety of bars and
restaurants - and, of course, the fabulous
beachfront itself.

With prices starting from just
GBP23,600/EUR29,500, investors are
getting in at the start of what promises to
be a world class resort with massive
growth potential. Investors opting to
purchase two-bedroom units at the
development can also opt in to the
resort's Guaranteed Rental Programme
offering an annual return of 10% for five
years.


Location

Marsa Alam Beach Resort is located in the
fast developing Marsa Alam region in the
south of Egypt's Red Sea Riviera.
Hurghada is approximately 260km north
of the development.

The area really took off as an emerging
tourist destination following the opening
of Marsa Alam International Airport, which
is located 45km to the north of the Marsa
Alam Beach Resort. The airport receives
flights from a large number of European
cities, including London and Manchester.

Marsa Alam town is located 14km to the
south of Marsa Alam Beach Resort.

The exact plot of the Beach Resort is
located between the Marsa Alam
Ventaclub and the Brayka Bay Resort.

Marsa Alam Beach Resort is designed as a
purpose-built resort and therefore has all
of the facilities that a holidaymaker would
need on site.


Facilities�and Benefits


Firstline development located right on the
shore of beautiful sandy beaches
Some of the best diving and snorkelling in
the world right on your doorstep
Ten different swimming pools to choose
from
Lush tropical gardens
Low density development containing a
low ratio of buildings - just 18% of the
total plot
Wellness, spa, salons and beauty centres
Extensive range of on-site restaurants,
cafes and bars, including some right on
the beach
Shuttle service to Marsa Alam
International Airport
Tour and excursion services
Two designated children's play areas
Variety of sports courts including tennis,
basketball and volleyball
Two private jetties
Attached shopping mall features a wide
variety of shops including a supermarket
On site medical clinic
On site disco and nightclub in main
building
On site business centre
Parking spaces
Centralized satellite television
Housekeeping service
24 hour security
Full management service available
Maintenance fees


Prices





Junior Suite - Min
1 Bed�
49� m2�
23394� GBP


Junior Suite - Max
1 Bed
49�� m2
32117�� GBP


Executive Suite Silver - Min
2� Beds
78�m2
31324�GBP�



Executive Suite Silver - Max
2� Beds
78 m2
37668 GBP


Executive Suite Gold - Min
2 Beds
78 m2
46391 GBP


Executive Suite Gold - Max
2 Beds
78 m2
55708 GBP


Two Bedroom Standard - Min
2 Beds
99 m2
34848 GBP


Two Bedroom Standard - Max
2 Beds
103 m2
52294 GBP


Two Bedroom End - Min
2 Beds
104 m2
36434 GBP


Two Bedroom End - Max
2 Beds
109 m2
53880 GBP


Presidential Suite - Min
1 Bed
104 m2
68396 GBP


Presidential Suite - Max
1 Bed
104� m2
71568 GBP
Payments for this development are
payable in EUR. The prices in other
currencies are for illustration purposes
only and will vary according to current
exchange rates. See below to calculate
actual prices at today’s exchange rates.

Buyers of the Two-Bedroom Standard or
Two-Bedroom End apartments can opt
into Marsa Alam Beach Resort's
Guranteed Rental Scheme which offers a
guaranteed 10% annual return for a
period of five years. Other types of
apartments do not qualify for this
scheme.

Optional furniture packs are availale for
all of the apartments in this development,
starting at EUR3950 for a Junior Suite and
rising to a maximum of EUR7950 for a
Ground Floor Executive Suite

Finishing

Ceramic floor tiles throughout
Aluminium powder coated windows
frames and balcony doors
Rendered walls painted
Solid wood front doors fitted with a safety
lock. Interior doors varnished on both
sides with lacquer finish.
All electrical power points and light
switches
Sockets for telephone, internet and
satellite televison
Wifi Internet coverage throughout
Stainless steel sinks and mixer taps in
kitchen
Plumbing for washing machine
Toilet, washbasin and shower
Ceramic wall tiles in bathrooms and
kitchens
Airconditioning installed throughout
Completion

Construction at Marsa Alam Beach Resort
will start in summer 2008. Handover of
the buildings in Phase One is currently
scheduled for December 2009.


Payment Schedule

Reservation fee of EUR1500 (fully
refundable until contract)
25% upon contract
25% upon start of construction
(estimated summer 2008)
25% upon start of close of build and
plastering (estimated spring 2009)
15% upon start of finishing of the building
(estimated summer 2009)
10% upon delivery - minus the EUR1500
reservation fee (estimated December
2009)
Mortgages, funded by the developer are
available on some of the apartments in
Marsa Alam Beach Resort at
approximately 60% LTV.

The mortgages are over a six year term
with an interest rate of 10% pa and are
secured against rental income.

Submission Date: 09-24-2008

Last Update: 09-24-2008
Agent Details:

Flare Company

Flare Company (Flare)

+20121784534 +20653447230 +20169002626 - +20121784534


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