2 Bed Apartment for sale in Sharm El Sheikh, Red Sea Riviera/Sinai,...

Oasis Marina resort & hotel – Nabq

Key features: - from only £20,000 for a studio
- guaranteed return of 6% pa on package price for 3 years (no personal use)
- 3-year and 4-year payment plans with 25% only first payment
- opposite championship golf course
- all units have pool view and a balcony or terrace
- 3* hotel development
- about 248 units in 18 buildings
- construction under way with several buildings up the 2nd floor already

Location: In Nabq, opposite the entrance of the Sinai Height championship golf course; a few hundred yards south of Viva Reef (2 projects down).

Beautifully landscaped with lush gardens and swimming pools, this is the perfect place for relaxation and recreation.

Unit types and unfurnished prices:
Type Size Price (EGP) Estimated GBP price
Studio apartment 39 M2 195,000 EGP 20,500 GBP
Studio apartment 52 M2 262,500 EGP 27,600 GBP
1 bedroom apartment 59 M2 295,000 EGP 31,050 GBP
1 bedroom apartment 71 M2 355,000 EGP 37,400 GBP
2 bedroom apartment 95 M2 475,000 EGP 50,000 GBP

Layout per floor:
Zone A & B: 2 bed + 1 bed (71M2) + large studio (52M2) = 3 units per floor
Zone C & D: 2 bed + studio (39M2) + studio (39M2) + 1 bed (59M2) = 4 units per floor

Delivery: 2 years from purchase (zone A & B)
3 years from purchase (zone C & D)
Payment plan:
1) Zone A & B = 3-year payment plan with 2-year delivery
- 25% down payment
- 10% after 3 months
- 10% after 6 months
- 5.5% for the remaining 10 installments

2) Zone C & D = 4-year payment plan with 3-year delivery
- 25% down payment
- 10% after 3 months
- 10% after 6 months
- 4% for the remaining 14 installments

Status: Foundations laid and structure in progress with some buildings up to second floor:
- Zone A: buildings 1 and 5 are up to 2nd floor level (1 more to be built). Buildings 2,3,4 = foundation
- Zone B: buildings 1,2,3,4,5 are up to 2nd floor level (1 more to be built)

INVESTORS PACKAGE with Guaranteed Rental:
Investors can buy with a “key ready package” where the property is delivered fully furnished including air-conditioning, and on which the developer will offer a 6% return for 3 years from delivery.


Final package prices are expected shortly. Below are the estimates:
? Fully furnished studio apartment (39m2) = appr. £26,800
? Fully furnished studio apartment (52m2) = appr. £34,000
? Fully furnished 1 bedroom apartment (59m2) = appr. £39,000
? Fully furnished 1 bedroom apartment (71m2) = appr. £45,000
? Fully furnished 2 bedroom apartment = appr. £63,000


Description:
Located directly a championship golf course currently under construction, Oasis Marina is the only guaranteed rental return project in Sharm el Sheikh

? Luxury studios, 1 bedroom and 2 bedroom apartments available
? All apartments have pool views from balcony or terrace
? Investors package with 3 year guaranteed returns from delivery
? 3 & 4 year payment plans available
? Delivery in 2 years and 3 years

Phases A & B = already under construction. Delivery in 2 years with 3-year payment plan
Phases C & D = delivery in 3 years with 4-year payment plan

Created on 23,000 M2 of prime land in the wonderful resort of Nabq, this low density Hotel & Residential project creates a very family friendly atmosphere. Beautifully landscaped with lush gardens and swimming pools, this is the perfect place for relaxation and recreation.

The project incorporates 18 buildings that have 248 residential units consisting of a selection of studios, 1 & 2 bedroom apartments and 52 3* hotel rooms.

The design of this residential project is planned in a way so every apartment will have a fantastic pool view from the spacious balcony or terrace.

All top floor apartments have a sea or a mountain view and a private roof terrace with wooden pergola and barbecue area.

Owners of ground floor apartments have fenced and gated private gardens.

Highlights:
? Studios from approx £21,000
? 1 bedroom from approx £31,000
? 2 bedroom from approx £51,000
? Investors package option with 6% p.a. on package/fully furnished price

Resort facilities:
5 minutes from sandy beach
Directly opposite the Sinai golf course
Hotel management
3 large swimming pools and children’s pool
Wi-Fi
24 hour security
Housekeeping
Parking

Planned Hotel Facilities:
Restaurants
Laundry Services
24hr Clinic
Spa and Health Club
Shops
Kids club and kids area


Facilities nearby in Nabq: Churchills’ English café, Starbucks, TGI Fridays’, McDonald, KFC, Nightclub, Hard Rock Cafe (opening soon)... plus the City of Stars shopping & entertainment area (only 5 min drive) with the biggest swimming pool in the world under construction.


Hotel management company: At this stage the developers are talking with several hotel operators to see who is most suitable to take over the project, however as the number of hotel rooms is small in comparison to the number of residential apartments, it is likely to be a local company doing the management. Please note that very few developers divulge that information about the management company until contracts have been signed. This is for confidentiality reasons and announcements will only be made nearer completion of the project.