* Bank backed rental option Guaranteed 10% annual return for a period of five years on selected units * 6 weeks personal usage (if rental option is taken) * Experienced developer with proven track record * Mortgages available by the developer
From 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 kilometre 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. Those investing in the other sizes of units can opt into the rental pool, which also offers the potential for excellent returns, although revenue is not guaranteed.
So whether you are looking for your own private bolthole in the sun, fast capital appreciation in this rapidly developing area, or a good regular income, Marsa Alam Beach Resort is an excellent choice.
Marsa Alam Beach Resort - 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 - Facilities & Benefits
* First line 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 * Possibility of entering rental pool * Maintenance fees: EUR45-75/month.
Marsa Alam Beach Resort – Pricings
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.
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 can be entered into a rental pool grouped with other units of the same type. Excellent rental returns are anticipated from all of these units as the resort will be marketed extensively, but they do not offer guaranteed rentals as is the case with the two-bedroom units.
Furniture packs are available for all of the apartments in this development, starting at EUR3950 for a Junior Suite. These furniture packs are mandatory for anyone wishing to enter the resort's rental pool.
Marsa Alam Beach Resort – Payment Schedule
* Reservation fee of EUR1500 (50% refundable until contract or 28 days) * 10% upon contract * 10% upon start of foundations * 20% upon start of concrete structure * 15% upon start of brickwork * 10% upon start of electrics/plumbing work * 15% upon start of plasterwork * 10% upon start of finishing work * 10% upon completion - minus the EUR 1500 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.
Marsa Alam Beach Resort – Finishings
* Walls: generally white, masonry or plasterboard plastic coating * Painting walls and ceilings: Teraco Teratop off white colour * Doors interior & exterior: Sweden wood infra. & Aro finishing surfaces dark brown with chrome metal accessories * Floors: ceramic tiles Cleopatra – Grade 1, different colours * Bathrooms, WC - shower cabin – false ceiling Gibson white colour * Sanitary: Duravit Grade 1 * Taps: Grohe or similar * Living room with integrated kitchen or kitchenette * Patio doors and walls: wood - glass * Windows & sliding door: P.S. aluminium section with original access. White colour. * Air-conditioning: Union Air, digital remote control * Fire alarm & smoke detectors * Internet access * Satellite TV European
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