Marsa Alam Beach Resort, Red Sea Coast, Egypt
From €29,500 EUROS
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Marsa Alam Beach Resort offers the opportunity to invest in a stunning 5 star beach front development of high specification apartment suites at pre-release pricing from €29,500. This development boasts a 500m private beach front and coral reef. The resort will be managed by a World Renowned Hotel Operator (TBC) and investors have the option of an average 5 year 10% rental guarantee.
- Frontline 5 Star development
- High Specification 1 and 2 Bedroom Apartments, Garden Apartments & Penthouses
- 500M private beach and coral reef
- Pre-release pricing from €29,500
- No Purchase Taxes, Stamp Duty or Property Transfer Taxes
- Average 10% Rental Guarantee Option for 5 years
- The Worlds Premier Diving Site
- 45 km from Marsa Alam International Airport
- Staggered payment schedule
- Retail outlets, shops, restaurant, bars and night club
- Salt and fresh water swimming pools
- Off road motor sport centre
- Wellness & Fitness Centre, Tennis Courts and Mini Golf
- 24 hour concierge and security services
- Shuttle and limo service
- Will be managed by a World Renowned Hotel Operator (TBC)
- Freehold Ownership
- Completion due June 2010
1 bed apartments (45m² – 50 m² internal space with 8 m² balcony) from €29,500 EUROS
2 bed garden apartments (80m² internal space, 16 m² ave terrace, 60 m² garden) from €49,500 EUROS
2 bed middle apartments (80m² internal space, 16m² ave terrace) from €39,500 EUROS
2 Bed penthouse apartments (100m² internal space, 16m² ave balcony, 60m² roof top terrace) from €59,950 EUROS
Furniture Packs will be available.
Description^ top
Marsa Alam Beach Resort is a 5 Star beach Front development of 1,050 high specification 1 and 2 bedroom apartments set in a beautiful gated five star resort. The plot is 250,000m2, with a 500M stretch of coast line, and an additional 52,000m2 for the construction of retail outlets, restaurants and staff accommodation. including a 5 star hotel, restaurants and bars, a night club, communal swimming pools and all the facilities you would expect of a 5 star resort.
Exclusive amenities at Marsa Alam Beach Resort will include apart-hotel facilities such as, spa, gymnasium, selection of pools and a variety of bars and restaurants. The whole resort is served by a 24-hour reception and concierge, guaranteeing a personal level of consideration for all those at the development.
Marsa Alam Beach Resort is perfectly positioned to enjoy the wider benefits of the increasingly popular Red Sea Coast with its fantastic diving spots including the resorts own private 500 meter beach and reef. The developer of this project is in the process of constructing a development of 600 apartments, villas and hotel suites called Zafarana Beach Resort also on Egypt’s red Sea Coast which will be complete by the end of 2008 . The developers have recently had a signed letter of intent from Best Western, reputably one of the biggest names in global hotels in regard to management of the resort. This development is likely to be renamed Best Western Zafarana Beach Resort. We feel that Marsa Alam Beach Resort being at pre-release stage could mirror the structure that Zafarana has followed and in turn provide investors with a highly profitable investment in what we believe to be a safe and secure investment market in Egypt.
Completion of the Marsa Alam Beach Resort is scheduled for June 2010, no later than 18 months from signing of purchase contracts.
Reservation fee of just €1,500 which is paid into escrow places you on the waiting list for a unit within the development. See Payment Schedule.
Location^ top
Marsa Alam is located in the south of the Egyptian Riviera on the Red Sea approximately 300km south of Hurghada. The popularity of the region as a diving destination led to the construction of the Marsa Alam International Airport 65km north of the town itself. Construction is currently underway on an extension to this terminal in order to handle the increased tourist inflow into the now easily accessible area. With direct flights from London and many other European destinations now available, the area is seeing an explosion in tourism growth and development.
Marsa Alam Beach Resort lies only 45km south of the Marsa Alam International Airport which is accessed by a number of frequent direct flight routes which will transfer tourists from London in 4 ¾ hours; Paris in 4 ½ hours; Dubai in 2hrs 20 mins and Jeddah 45 minutes.
Properties^ top
T hese beautifully designed apartments will be from 45² to 50M² internal living space consisting of one bedroom, one bathroom and open plan living area; there is an additional 8m2 external space.
2 Bedroom Garden Apartments
These apartments are comprised of 80m2 internal space, consisting of two bedrooms, one bathroom, a kitchen and an open-plan living area; an average of 16m2 terrace space and 60m2 garden.
2 Bedroom Middle Apartments
These apartments on the first floor are of an area of 80m2 internal space, consisting of two bedrooms, one bathroom, a kitchen and an open-plan living area and an average of 16m2 balcony.
2/3 Bedroom Penthouse Apartments
These apartments on the second floor are 100m2 of internal space, consisting of two bedrooms, one bathroom, a kitchen, an open-plan living area, a rooftop second reception room/3 rd bedroom, an average of 16m2 balcony and a 60m2 rooftop terrace.
Furniture packs will be available
Amenities^ top
- Luxury Spa
- 24 hour reception and concierge
- Private Beach & Coral Reef
- A marina, scuba diving school and water sports diving shop
- Amphitheatre and botanical gardens
- Restaurant s & Bars
- Night Club
- Swimming Pools
- Shuttle and Limo Service
- Off Road Motor Sport Centre
- Wellness/Fitness Centre
- Tennis Courts
- LAN internet connection in all rooms
Payment Schedule^ top
As this development is currently at the pre-launch stage investors will have the opportunity to take out an option on an apartment by placing a €1500 fully refundable deposit. This will allow the investor to get the best apartment available once the development is officially released and to also take advantage of the discount pre launch prices. In order to place an option investors will need to follow this process:
- Contact us to obtain a reservation form - fill out a reservation form including the clients name, contact numbers, address, email address and type of apartment (i.e. one bed, garden, middle or penthouse)
- Investors will then be required to transfer €1500 to the escrow account, details of which are contained on the reservation document.
- Investors will need to return the signed reservation form, a copy of their passport and a recent utility bill to the agent.
- The option will be placed ONLY when the funds are received into the escrow account. The order in which funds are received will determine the order in which investors will choose their apartment. The investor transferring funds quickest, being placed higher on the waiting list , ensuring the better choice of apartment.
- Investors will be placed in a waiting list based on their apartment preference and the time the funds show in escrow.
- The project will be officially launched no later than the end of February 2008
- 7 days before the launch, those who have pre-reserved will be sent the full details including site map, location of individual apartments and a full list of facilities.
- A telephone call will be scheduled for each Investor on the official launch date, in list order. Investors will be called by a representative of the developer and asked which apartment they wish to reserve from the availability.
- The developer will take all reasonable measures to contact the investor during a 15 minute window. If for any reason the investor is unable to take the call, they will be moved further down the list.
- Should the investor not wish to proceed then they will be sent a form to fill out where they will provide account details for refund and allow the developer to have written confirmation of cancellation.
- Should the investor wish to proceed, contracts will be prepared immediately and sent. The client will then have a period of 14 days to complete the purchase and pay the balance into escrow. Should the client not complete by this time then they would be subject to the increased price.
Enquire Now^ top
For further information, please complete an enquiry form or telephone 0845 130 9011 or +44 (0) 121 314 8110 (if outside UK)