Sierra Nabq Bay Hotel Complex is situated in the up and coming area of Nabq Bay, which is considered the latest potential property investment area for investors. The complex has a superior location in a 4 star hotel and has 10 swimming pools.

Phase 1 with 312 units has sold 280 units completing between March 2008 and December 2008. Phase 2 sees another 200 units available in zones8,9,and 10 with handover February 2009.

Sierra Resort Nabq situated in the up and coming area of Nabq Bay in Sharm El Sheikh, where it's considered the latest potential property investment area for most of the investors, it has a superior location in a 4 stars Hotel, and 8 minutes walking distance to the white sandy beach overlooking Tiran Island.

Nabq Bay well known as a preserved area, but the same features that makes it a perfect holiday spot, make it also a great area place to live. Due to the many people coming from all over the world, who decided to establish themselves here. You will find commercial center, 18 hole Golf course, health spas & medical center and several international schools. Well, developed residential areas are existing, some of them on the seafront with breathtaking views on the Red Sea.

Photo Gallery:

Features:
Property Amenities
* Top floor apartments have their own roof terrace.
* Ground floor apartments have a garden area.
* 10 Swimming Pools available in the residential Area.
* Beach access only 1 Km.
* Sharm International Airport 7 Km.
* Naama Bay 15 minutes drive.
* Hyper Market, Shopping Mall.
* Diving Centre at the beach & excursion sales office.
* Furniture package option available.
* Smoke detector connected to the fire alarm system of the hotel
* Imported doors from the UK (Crosby) treated against fire
* Wi Fi
* Parking

Finance Details:
*35% contracting deposit
*Phase 1, 65% Payment over 9 months (3 postdated cheques or Standing money order 1st payment 3 months from the contract date)
*Phase 2, zone 8, 65% Payment over 18 months (6 postdated cheques or Standing money order 1st payment 3 months from the contract date)
*First Hand Over phase 1: 20 March 2008
*Last Hand Over phase 1: October 2008
*Phase 1, 5% discount on 100% cash payment upon signing of contracts
*Phase 2, 7% discount on 100% cash payment upon signing of contracts
*12% discount on 100 % cash payment for investors for whole block sale

Maintenance fees:
*1 Bedroom Apartment (60 m?2;) 15,000 LE.
*2 Bedrooms Apartment (120 m?2;) 30,000 LE.
*Maintenance fees are paid once off payment on handover& Refundable on resale.
*All floors can be configured to be 1, 2, & 3 bedroom apartments

Availability:
Middle Floor
1 Bedroom Apartment Size: 60 m?2; (Around 660 ft?2;) (£ 33 000)
2 / 3 Bedrooms Apartment Size: 120 m?2; (Around 1 300 ft?2;) (£ 66 000)

Top & Ground Floor
1 Bedroom Apartment Size: 60 m?2; (Around 660 ft?2;) (£ 36 715)
2 / 3 Bedrooms Apartment Size: 120 m?2; (Around 1 300 ft?2;) (£ 73 430)

Through Hotel management annual Rental income between 6% to 9%
from your initial investment. (Optional)
Each apartment has a private balcony, different communal swimming pools.

Floor Plans:

Masterplan
sierra-plan.jpg (211.1 KB)

Room plans
sierra-1b.jpg (28.8 KB)
sierra-23d.jpg (21.4 KB)