Viva Reef is a brand new development in the Nabq area of Sharm El Sheikh, situated opposite the new golf course. This hotel complex offers affordable, very attractive, high quality residential units with special launch prices with staged payment structure.

Key Features

• Swimming Pool View from most apartments
• High quality building and European style finishing
• 4 Star Hotel complex
• Access to hotel facilities
• Air conditioning included
• Golf course in close proximity under development
• Communal roof with sea views

Facilities

• 8 swimming pools
• Shops
• Restaurants
• Gym
• 24 hour security
• Landscaped Gardens
• Rental and management services
• Maintenance fees 1% of the purchase price annually

Investment opportunities

WHY YOU SHOULD INVEST IN VIVA REEF

- Excellent, discounted, off-plan pricing with strong potential for capital growth – up to 20% annual increases.

- Year round rental season with high potential rental returns

- Located in one of the best diving destinations in the world

- Established tourist destination

- Fascinating history and culture to explore

- One of the most stable countries in the area

- Only 5 hours from the UK.

- Rapidly emerging property market supported by different nationalities (including Egyptians).

- No Capital gains tax or Inheritance tax

- High quality building and European style finishing

- 2 years build and payment plan

Top 10 Reasons to invest in the Red Sea Riviera

The real estate market in Sharm El Sheikh in the Red Sea Riviera is just in its infancyand by getting in at the ground level you can enjoy many

advantages.

1. Return On Investment opportunities are high

Capital appreciation over the past 18 months on some properties has increased more than 50% in value with the average rate being around 15% year on year. Overseas real estate will always have a residual value and is a more stable investment than stocks and shares.

2. Great Deals & Affordable Holiday Homes

Everyone dreams of having a second home in the sun. Prices in EU countries and the cost of living there are now too high, making them not such an attractive investment. Whereas prices in certain areas outside the EU such as Sharm El Sheikh in the Red Sea Riviera can start from as little as 45,000 Euros ( approx 30,000 sterling) for 2 bedroom apartments.

3. Rentable

With an increasing number of tourists visiting the Red Sea Riviera each year along with a sustained diving community, rents are likely to remain buoyant well into the future. Also the increasing influx of expatriates living in the region will also ensure the demand for rental accommodation remains high.

4. Sellable

Sharm El Sheikh property prices should remain an excellent investment opportunity in the longer term, as the area is relatively un-known in real estate terms and the demand is rapidly increasing.

5. Tax Friendly

Egypt is a very tax-friendly environment. There is no capital gains tax or inheritance tax.

6. World Class Diving

World class diving in warm waters over tropical coral reefs, wonderful hotels with some of the world's favourite cuisines, golf courses and a wealth of ancient history & local culture make The Red Sea Riviera one the best places to own a home.

7. Climate

The climate in Sharm El Sheikh in the Red Sea Riviera is hot and dry, not humid, with year-round sunshine. Making it an excellent place to take a vacation or live permanently.

8. High Profile Resorts

Great Resort living Sharm El Sheikh and the Red Sea Riviera's popularity is increasing rapidly and with it comes very lively resort destinations with vibrant atmospheres, combined with excellent business opportunities making it a wonderful place for expatriates to live. Many wealthy business people, heads of state and Arabian Royalty also own property here.

9. Development &Tourism

Sharm El Sheikh in the Red Sea Riviera is easily accessible with direct flights now coming in from many major European destinations (Flying time from London is approx 5 hrs, and most of Europe between 3- 3.5hrs). And with the expansion of Sharm El Sheikh's International Airport the economy is starting to boom. Other new developing resorts will continue to create a valuable real estate market.

10. Cost of living

The cost of living here is very cheap and the exchanges rates to the Egyptian pound are high for foreign currencies, making it an excellent place for long breaks during the summer or winter.

1 bedroom Apartments with 65m2 build priced from EGYPTIAN 393,250 (9 Egyptian to pound sterling)

2 bedroom Apartments with 95m2 build priced from EGYPTIAN 574,750 (9 Egyptian to pound sterling approx)

Staged Payment Structure -

- 50% on signing the Contract

- 15% after 4 months

- 15% after 8 months

- 15% after 12 months

- 10% after 16 months

- Balance on Delivery (24 months)

Maintenance/Communal Charges 1% of purchase price annually