Villa Vista, Nabq, Sharm El Sheikh

This stylish “off plan” resort is being built in the beautiful area of Nabq, 10 minutes from Sharm El Sheikh International airport and 25 minutes from the busy lively town of Naama Bay. This residential development will include Villas, townhouses and apartments and is being built by an established property company the Bilbaa Group who have a proven track record designing and building 5* hotel and residential resorts worldwide and have built and manage Laguna Vista Resort: Hotel in Nabq Bay, Sharm El sheikh

* Laguna Vista Garden Resort: Hotel in Nabq Bay, Sharm El sheikh
* Kahramana Resort: 108 Room Hotel in Naama Bay, Sharm El sheikh
* Kahramana Resort: 179 room hotel in Marsa Alam
* Amaraya Club: 75 Room Hotel in Marsa Alam

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Villa Vista will consist of 246 Apartments, 22 Town houses, 16 Deluxe Villas and 4 Royal Villas some with sea views all units have large terraces. There will be 5 swimming pools in total within the resort and a club house which will contain an indoor swimming pool plus other entertainment facilities and a supermarket and pharmacy. The private beach is 5 minutes away with a shuttle bus service all day.

Site work in progress: Added 23rd March 2009

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Project facilities:
Swimming pools, 24 hour security, maintenance team, club house which will include reception, meet and greet services, conference / business facilities, Health spa / gym – fully equipped Free scheduled shuttle bus (5 mins) to and from Laguna Vista Resort to use the following facilities:

* Resort’s private beach
* Laundry service
* Bars
* Pool bars
* Nightclub
* Tennis courts
* Croquet court
* Football court
* Kid’s club
* Swimming pools
* Indoor swimming pool
* Gym and spa
* Housekeeping service
* Court yard
* Supermarket
* Coffee shops
* Games room
* On-call medical doctor

Restaurants:

* BBQ and Egyptian cuisine
* Italian restaurant
* seafood restaurant
* beach bar
* cave bar
* lobby bar and two pool bars

Rental Packages for owners:
Laguna vista management offers a 5% fixed income for 3 years with a yearly increase of 20% with 8% maximum income. The current rental rate is 7% as at February 2008 (applies on one and two bedroom apartment properties) Laguna vista management offers a portioned income of 40% - 60% for the client, after deducting internal maintenance fee’s (applies on villa properties and Townhouse properties) If this option is taken, resort furniture must be purchased.

Tax friendly: there is no capital gains tax in Egypt at this time and the rental income attracts 0% tax on the 1st 50% of rent and 20% only on the second 50% rent.

Type: Apartment

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Apartments

* Sizes of apartment 55 or 66 sqm2
* Bedrooms: One or two
* Bathrooms: One Bathroom.
* Reception: One
* Roof space or garden available at extra cost.
* Units have large terraces

UCC

For the latest EGP (Egyptian pounds) exchange rates
please use the XE.com Universal Currency Converter.

Price

* Starting price for 55sqm - 482,732 EGP
* Starting price for 66sqm - 578,599 EGP
* Subject to currency fluctuations

Type: Deluxe Villa

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* Size of villa: from 392 - 555 sqm2
* Land: from 700 -1242 sqm2
* Bedrooms: 4 = 1 Master + 2 bedrooms + 1 Nanny
* Bathrooms: 3
* Reception: 4 rooms
* Private swimming pool and garden

Price

* Price from 3,780,852EGP
* Subject to currency fluctuations

Type: Town House

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* Size of Townhouse: 285 sqm2
* Land: from 206 - 365 sqm2
* Bedrooms: 4= 1 Master + 2 bedrooms + 1 Nanny
* Bathrooms: 2
* Reception: 3 rooms

Price

* Price from: 2,538,228 (£282,000)
* Subject to currency fluctuations

Type: Royal Villa

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* Size of villa: 1139 m2
* Land: from 1560-1894 m2
* Bedrooms: 5 =1 Master + 2 bedrooms + 1 living room + 1
* Nanny
* Bathrooms: 4
* Reception: 4 rooms

Price

* Price: ALL SOLD

Location

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Maintenance:

Is 10% of the total price paid to cover 10 years of maintenance, payable with each instalment.

Payment terms:

* Deposit: 25% down payment
* Balance Installments: 75% on quarterly installments with the last one not later than February, 2010

Delivery date: March 2010 (Fully finished)

Furniture options available

Advantages for the owner:

As an owner of the Laguna Vista Residence, all owners gain the right to use all facilities within the residence and resort, the owner is issued with a member card. The owner can use all facilities free of charge (excluding paid services, for example, food and beverage etc – the owner gains 20% discount) All owners can visit any of the Balbaa group owned hotels and resorts and receive a 20% discount on bedrooms, restaurants and bars etc

Please contact us for further details.