MARSA ALAM BEACH RESORT Apartments and hotel suites in a private, 5* beachfront resort with superb on-site facilities. 5 year fixed percentage rental guarantee on the 2 bed apartments. Non guaranteed rental pool for the hotel suites. Payments held in escrow. Rental guarantee can be bank bonded Marsa Alam Beach Resort is an exclusive development that comprises one and two bedroom apartments. The development has own private 500m beach, 10 swimming pools, a diving school, and 24 hour concierge service. The two bedroom apartments in this low-rise development qualify for a guaranteed rental return. The one and two bedroom suites can go into the non guaranteed rental pool with average rentals forecast at 10%. Location In Egypt Until recently, Marsa Alam was a small fishing village located on Egypt?s Red Sea west coast. However, since the opening of its international airport which is just 45kms from the resort, the area has really opened up to tourism and it is now a thriving holiday destination. Famous for its superb diving sites, some say Marsa Alam may end up being more popular than the better known resorts of Sharm el Sheikh and Hurghada. Investment apartments in a tropical paradise Situated near the Tropic of Cancer where the Arabian Desert meets the Red Sea, Marsa Alam has the appearance of a tropical paradise with its palm trees, mangroves and sea coasts fringed with coral reefs. The area is also home to some amazing inland attractions such as the Emerald Mines and the Temple of Seti I. Development Features * Frontline 5 star resort * 10 swimming pools ? both salt and freshwater * 2 private jetties * Scuba diving school with diving and watersports shop * Private 500m beach * House coral reef * Supermarkets and shops * Shopping centre * Restaurants, bars and a nightclub * 24 hour concierge, reception and room service * Cinema and amphitheatre * Children?s playground * 4 tennis courts and 2 basketball courts * In-house laundry service * Spa and beauty centre * Medical and dental services * 24 hour security * Shuttle service * Internet connection in all properties Payment Plan * A deposit of 1,500 Euros is required to reserve a property (this is fully refundable for 5 days) * The full property price, minus the deposit, together with the furniture pack price, escrow fee and title deed fee is to be paid into the designated escrow account within 28 days. The escrow agent will then release the funds in stage payments as follows: - 10% at start of construction - 10% at start of foundations - 20% at start of concrete construction - 15% at start of wall and roof construction - 15% at start of plastering - 10% at start of finishing works - 10% at start of construction of facilities - 10% after inspection and delivery There are two phases of the resort. Phase one is expected to be completed in late 2009/early 2010 and phase two will be finished approximately one year later. Prices: One bed Suites from 29.500 Euros Two bed Apartments from 43.945 Euros Executive 2 bed/2 bath Suites from 65.000 ? How the Rental Guarantee works: Rental Guarantee (on the 2 bed apartments) With the 5 year rental guarantee, you will be entitled to six weeks personal use per annum, which can be passed on to friends and family. The overall percentage is 10% p.a and this will be paid as follows: Year 1 6% Year 2 8% Year 3 10% Year 4 12% Year 5 14% Rental Pool (on the one and two bed suites) The rental pool is not guaranteed, but any income generated from all the one bedroom suites will be pooled and at the end of each quarter will be divided equally among owners. The conservative predicated rental income for these properties is 10% per annum, and this will vary directly with occupancy levels. You will have unlimited access to your property under the rental pool, however you will not receive any income whilst you or your friends and family use the property. Again, all payments are paid into escrow. The rental guarantee can be bank bonded and all payments are made to an escrow account ? this means that your money is completely safe and will not be handed over to the developer until construction reaches certain levels.