Studio apartments for sale near Naama Bay, Sharm el Sheikh

Situated only ten minutes from the airport, this development is in a beautiful location, surrounded by natural views of the mountains and sea.

The development features 12 buildings, made up of studios and one bedroom apartments (2 or 3 bedroom apartments can be made up). The apartments are situated in grounds secured for the safety and tranquility of its residents by a perimeter wall with access control. Designed in a Mediterranean style the Mashareq project offers its resident's lots of outside space whereby each apartment has either a balcony or terrace and top floor apartments benefit from spacious roof terraces, ideal for those who wish to enjoy the warm Egyptian sun.

Mashareq is surrounded by luscious landscapes including two clear blue swimming pools. Buyers also benefit from all the amenities and facilities of the luxury 4 star hotel next door (owned by the developers of these wonderful apartments) including 10% discount on food and beverages.
The development also boasts a private beach just a 10 minutes walk away (there is also a regular free shuttle bus to the beach provided).

Facilities and Amenities
· large pool with waves & a heated pool
· 2 swimming pools with water slides for the children
· Private beach with free use of beach towels
· Free shuttle bus to the beach
· Children's play area
· Fitness centre
· On site bars and restaurants
· Supermarket
· Boutiques
· Pharmacy
· Clothes shops
· Daytime and evening activities for children and adults.
· Baby sitting facilities available.
· Free transport to Naama Bay
Prices:
4 800 LE per sqm – Ground floor apartments
5 200 LE per sqm – First floor apartments
5 600 LE per sqm – Second floor apartments
For top floor apartments please add 15m2 to the total property price to include the private enclosed roof terrace

Local Area/Activities
· Scuba Diving
· Boat trips
· All water sports
· Horse riding
· Go Karting
· Golf
· Cinema
· Bars and restaurants

Two bedroom and three bedroom apartments can be made up on request.

Payment Terms
Only 30 % deposit and rest for 3 years-interest free credit.
£1000 reservation fee (non refundable) is required to reserve the apartment of your choice. You will receive contracts within 10 working days, simply return the contract duly signed, then 30 % is payable at this time.

You then have two options. You can pay the whole amount at this time and enjoy 5% discount on the total cost price or pay 12 quarterly payments, interest free.
Maintenance
Maintenance consists of the following:
Landscaping in and around the property.
Security.
Housekeeping twice weekly, linen and towels provided.
Instant call out and repairs for any emergencies.
External painting, every 5 years.
Please note, a separate small charge for water and electricity is payable locally.
Maintenance costs are as follows:-
Studios are £25 monthly.
1 bed apartments are £32 monthly.
Others available on request.

Building Schedule
12 buildings
1st phase - completion within 1 year
2nd phase – completion within 2.5 year

Building specification

Plumbing system
Internally, pipe in pipe to give 100% security against leaks and makes for easy repairs.
Externally, plumbing completed to necessary level for eventual connection to the project central sewage system.
(extra piping and manholes etc.)
External doors and windows:Sliding anodised aluminium.
Doors
Entrance doors, alloy panel door.
Fire system
Property Management
Property management is available as renting through the hotel as hotel rooms.
Contract minimum 6 month

Please see our website www.azulproperty.com/aboutus for full terms and conditions. Technical information is correct to the best of our knowledge at the time of publication. Where prices are fixed in anything other than UK pounds the price quoted here is based on the conversion rate at the time of publication. These particulars do not form part of an offer or contract. THE PROPERTY MISDESCRIPTIONS ACT 1991. These particulars have been produced in good faith and are believed to be a fair description of this property having regard to the requirements of this Act. Where any reference is made to part of the construction or items of a mechanical nature such as heating and electrical systems, plumbing, drainage, appliances, fixtures and fittings, contents and services, we must emphasise that we have not tested such items ourselves and no warranty is given as to their condition and any intending purchasers should carry out their own investigations. Any items depicted in photographs are not necessarily included with the property.



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