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Sultanate of Pleasures
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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 kilometer 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.
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 is designed as a purpose-built resort and therefore has all of the facilities that a holidaymaker would need on site.
Firstline 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. Maintenance are waived for all buyers who are part of the rental pool.
Prices
Type Bedrooms m2 GBP EUR USD
Junior Suite - Min 1 49 23394 29500 46758
Junior Suite - Max 1 49 32117 40500 64193
Two Bedroom Standard - Min 2 99 34848 43945 69653
Two Bedroom Standard - Max 2 103 52294 65945 104523
Two Bedroom End - Min 2 104 36434 45945 72823
Two Bedroom End - Max 2 109 53880 67945 107693
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. See below to calculate actual prices at today’s 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
Finishing
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
Payment Schedule
Reservation fee of EUR1500 (50% refundable until contract or 28 days)
10% upon contract
10% upon start of foundations
20% upon strt 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 EUR1500 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.
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