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Apartment - For Sale - Marsa Alam, Al Minya, Egypt
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Ref: EG0016d £41,351
   
Marsa Alam Beach Resort - Two Bedroom End Apartments  
Marsa Alam, Al Minya, Egypt
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  • Deposit From: (£ approx)4,594 EURO (£4,135)
  • Mortgage: available
  • Location: Coastal / Red Sea
  • Property Type: Off Plan
  • Bedrooms: 1

    Eco-Friendly property. Beach front location. Fantastic diving opportunities on the Red Sea Riviera. Fantastic investment opportunity. Strong and growing economy.

    Why?
    The Marsa Alam Beach Resort is set to be a five star resort. As well as being the perfect holiday destination it also provides an unrivalled investment opportunity. The resort offers low entry levels, high rental yields and a bank backed 5 year 10% average rental guarantee.

    The site will be constructed in an environmentally sound way; the site will have extensive green areas with only 18% of the site being built on minimising the environmental impact on the resort as well as the surrounding areas.

    Electricity will be partly provided by the use of solar panels located on the roofs of buildings, which will also slightly reduce maintenance charges for the provisions of utilities. The Egyptian government has also adopted a strong green power initiative with wind farms supplying power to the national grid.

    An onsite desalinisation plant will be located on the resort site, providing water resources to investors, guests, irrigation, laundry and swimming pools.

    Tourism provides the third highest level of employment in Egypt and the resort will create many different jobs, both building and running the resort, for people living in surrounding areas meaning high economic benefits for locals.

    When?
    Completion dates are contractually due 18 months from the time your balance hits the escrow account.What? - The Marsa Alam Beach Resort will be an exclusive five star, 1434 unit development. Located on the frontline on the Red Sea Riviera, it will offer a 500metre private beach as well as a house reef. Full advantage can be taken of the diving and water sport activities on offer in the area, with two private jetties, an onsite diving school and water sports shop.

    There will be an onsite health club with 4 tennis courts, 2 basketball courts, 10 swimming pools, and pristine gardens throughout the resort. There will be supermarkets and shops as well as shopping malls, restaurants, bars and a nightclub. There will also be 24hour in house security services with a manned gate.

    These two bedroom apartments are located in the raised rear section of the resort close to the main swimming pool and shopping malls. The apartments take full advantage of the rental guarantee with an average 10% for five years. The apartments have two bedrooms, one bathroom, an open planned fully-fitted kitchen and living area. There is also a private terrace.

    Furniture packages are available for purchase, prices range from €7,950.

    Where?
    The Marsa Alam Beach Resort is located in Marsa Alam on the Red Sea Riviera to the East of Egypt. Marsa Alam is just a few resorts south of the popular and up and coming town of Hurghada. Popularity in the area has increased dramatically since the opening of the Marsa Alam international airport just 45km away.

    Marsa Alam is located near to the Tropic of Cancer, where the Arabian Desert meets the Red Sea. Like many destinations along the Red Sea Coast Marsa Alam is perfect for water sports, scuba diving and other diving activities due to the coral reef and array of aquatic life.

    How?
    10% start of construction

    10% start of foundation

    20% start of concrete construction

    15% start of wall and roof construction

    15% start of plastering

    10% start of finishing works

    10% start of construction of facilities

    10% after inspection and delivery

    (Mortgages available on some properties.)

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    Exchange rates 1 EGP = 0.18303 $ 1 EGP = 0.10898 £ 1 EGP = 0.12207 €
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