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Las Cabanas at Marsa Alam Beach Red Sea Egypt


For Sale FEATURED

Price: Euro 26,370
Listing Type: For Sale
Property Type: Off Plan Projects
Style: Sea View
Year Built:
Location: Hurghada Red Sea Real Estate
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:


OverView

Are you kicking yourself at not buying into
one of Egypt's super-luxury resorts such
as Sahl Hasheesh or El Gouna when they
were recently launched and still available
at rock bottom prices?

If so, Las Cabanas at Marsa Alam could
be exactly what you are looking for
because the development is the first
phase to be released of an entire new
tourist resort known as the Oriental
Coast.

Taking advantage of the beautiful and
unspoiled beaches and the fact that the
Marsa Alam offers some of the very best
diving sites in the entire world, the
Oriental Coast is a vast development
which is being built in phases over a ten
year period. Upon completion, the resort
will feature more than ten different
hotels, a marina and a golf course,
together with many villas and apartments
and the shops, bars and restaurants to
go with them.

The entire development is located on a
plot with a total area of 6.5 million m2
along a 7.5km stretch of coastline.

Las Cabanas features luxury apartments
of one, two and three-bedrooms together
with four different types of villas, all of
which are able to benefit from the
adjacent Sunrise Oriental Dream Resort
Hotel, which is due to open in October
2008.

With prices at Las Cabanas starting at
just over GBP20,000, it is the perfect
development for anyone looking at
benefitting from the long-term capital
growth that the other luxury resort areas
on the Red Sea Riviera have seen over
the past few years.


Location

Las Cabanas is part of the new luxurious
Oriental Coast resort which is being
created as a self-contained town,
featuring more than ten hotels, an 18-
hole golf course, a marina, a shopping
mall with many other shops, bars and
restaurants, all set in a beautiful low
density setting with many parks, gardens
and lakes. Oriental Coast is located on
one of the most unspoiled parts of
Egypt's Red Sea Riviera, which is rated by
divers as being one of the very best
places in the world for watersports.

The Oriental Coast is located just 36km
north of Marsa Alam International Airport,
which sees incoming flights from many
major European cities.

Hurghada is located 180km north of the
Oriental Coast.


Facilities & Benefits
Just 20m from the resort's unspoiled
sandy beaches
Some of the best diving and snorkelling in
the world right on your doorstep
Access to all of the attractions of the
Oriental Coast resort including an 18-hole
golf course, marina and shopping malls
Use of clubhouse with large swimming
pools for adults and children, plus
children's play area
Lush tropical gardens
Low density development containing a
low ratio of buildings
On site shops and supermarket
Discounts at the restaurants in the
attached Sunrise Oriental Dream Resort
hotel.
Parking spaces
Centralized satellite television
Housekeeping service
24 hour security
Full management service available
through the attached hotel
Maintenance fees - GBP500 for
apartments; GBP1000 for villas
Prices


Studio
33� m2�
20793� GBP


1 Bed�
56���m2
31168� GBP


2 Bed - Min
63 m2
33208 GBP


2 Bed - Max
80� m2
43634 GBP


3 Bed - Min
88� �m2
46071 GBP


3 Bed - Max
103 m2�
56387 GBP


Villa - Min
162���� m2
140520� GBP


Villa - Max
225�����m2
194560� GBP

Payments for this development are
payable in GBP and EUR. The prices in
USD are for illustration purposes only and
will vary according to current exchange
rates. See below to calculate actual prices
at today’s exchange rates.

Cash buyers paying 100% of the cost of
the apartment upon contract can obtain a
discount of 3.5% from the standard
prices.


Finishing

Stoneware ceramic floor tiles and skirting
boards 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.
Iron and/or wooden railings on balcony
All electrical power points and light
switches
Sockets for telephone, internet and
satellite televison
Stone countertops with stainless steel
sinks and mixer taps in kitchen together
with upper and lower wooden units
Plumbing for washing machine
Duravit toilet, washbasin and shower
Ceramic wall tiles in bathrooms and
kitchens
Pre-installation for airconditioning
Completion

Many of the buildings in Las Cabanas are
already completed. Handover of the
buildings currently on sale is scheduled
for March 2009.


Payment Schedule

Reservation fee of GBP1000 or EUR1000
(fully refundable until contract)
30% upon contract within three weeks of
reservation (less the reservation fee)
70% in quarterly installments between
contract and delivery in March 2009.
Investors who are in no hurry to take
delivery of their finished units can pay the
70% balance in quarterly installments
over a period of two years, taking
delivery after the final payment.

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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