Sharm el-Sheikh (24)
Children categories
Maraqia (6)
Maraqia is similar in several ways to its sister development, Monna, which is located just a few hundred metres away in that it is one of the most affordable developments currently on offer in Sharm el-Sheikh due to a very low price per m2 and sensibly-sized units, which combine to keep the prices down to levels that other developments simply can't match.
Whereas Monna is very much at the offplan stage, Maraqia is now getting very close to completion, with the first units being handed over from 31 May 2010, making Maraqia ideal for anyone who is nervous of investing in offplan developments - or anyone who doesn't want to wait too long before starting to enjoy their new holiday home.
As is the case with Monna, Maraqia offers a full range of facilities that one would expect from a top-class tourist development. Investors in the project will appreciate the fact that, due to the low buying prices and high demand for rental properties in Sharm, rental yields in the region of 10-15% are easily achievable here. Prospects for long-term capital appreciation are also excellent due to Maraqia's close proximity to the forthcoming CityStars world class residential and commercial private town.
Monna (6)
Monna is the ideal project for anyone who has been dreaming of owning their very own holiday home in Sharm el-Sheikh but previously thought that prices were out of their reach. With prices at the resort starting from just GBP23,000/EUR25,000 for a studio apartment, buying in Sharm has suddenly become possible for a lot more people.
But Monna is not just a project for those on a tight budget. Are you a golfer? Then Monna is an excellent project for you as it is located very close to the first golf course in Sharm. Several other golf courses are planned for the area as well.
Monna is also perfect for the shrewd long-term investor looking for maximum returns due to the fact that it is located right next to the planned new CityStars development - a self-contained, high-end, tailormade resort community in the style of El Gouna or Sahl Hasheesh, featuring all of the amenities that any holiday maker could want, including shopping malls, parkland and even a Venetian-style canal.
For anyone looking to get maximum return on their investment in Sharm property, Monna is a very hard project to beat.
The View (6)
Featuring some of the best vistas in Sharm el-Sheikh, it's not hard to see how The View got its name, with the buildings in this complex looking over Nabq Bay and the Red Sea beyond.
With an excellent location and some of the best value prices in Sharm el-Sheikh today with prices starting from just over GBP30,000, it's not hard to see why The View has been probably the fastest selling development in Sharm over the past 18 months. Phase 1, which starts handover from April 2010, is nearly sold out already, with Phase 2 proving to be equally as popular.
Upon entering the apartments, an immediate feeling of overwhelming comfort and luxury is conveyed through the fresh new design with spacious windows bringing the light and brightness to the apartment. The View apartments are vibrant, informal and refreshingly simple with a style that is bright, bold, colourful, simple and textured. They are fresh and open and have captivating, warm ambient spaces, and offer serenity through a natural setting, where the simplest architectual elements are used to successfully create an authentic enviroment and atmosphere.
Sierra Resort (6)
Sierra Resort is a complex located right in the very heart of Sharm el-Sheikh's fastest growing area - Nabq Bay. It consists of a four-star hotel complex together with a little over 400 luxurious apartments.
Whatever visitors are looking for from a holiday, they will find it right on their doorstep at the Sierra Resort, with sandy white beaches just ten minutes walk from the resort, and the most upmarket shopping a short stroll away down the street. Despite being right in the very heart of the region, Sierra Resort is such a low-density project, built on such a large plot, the place is so tranquil that you would never know that you were right in the middle of everything.
With such a perfect location and highly affordable prices, its hardly surprising that the Sierra Resort has been a runaway success, with the vast majority of the apartments in Phase One already sold. There are still, however, apartments of all sizes still available in Phase Two of the development which started handover in early 2009.
Being part of a hotel complex gives investors additional opportunities, as there are opportunites for good rental income through using their hotel management services.
|
Type
|
m2
|
GBP
|
EUR
|
USD
|
EGP |
|
Studio - Min
|
40
|
21284
|
23983
|
32364
|
178000 |
|
Studio - Max
|
44 |
23413
|
26381
|
35600
|
195800 |
|
1-Bed - Min
|
57
|
30330
|
34175
|
46118
|
253650 |
|
1-Bed - Max
|
73
|
38844
|
43769
|
59064
|
324850 |
|
2-Bed - Min
|
78
|
41504
|
46766
|
63109
|
347100 |
|
2-Bed - Max
|
103
|
54807
|
61756
|
83336
|
458350 |
| 3-Bed Loft - Min | 121 | 64385 | 72548 | 97900 | 538450 |
| 3 Bed Loft - Max | 173 | 92054 | 103725 | 139973 | 769850 |
 |
Payments for this development are payable in EGP. 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. |
Type
|
Type
|
m2
|
GBP
|
EUR
|
USD
|
EGP |
|
Studio
|
43
|
22881
|
34791
|
65561
|
191350 |
|
1-Bed
|
56.6
|
30117 |
33936
|
45795
|
251870 |
|
2-Bed
|
78
|
41504
|
46766
|
63109
|
347100 |
|
2-Bed
|
100
|
53211
|
59957
|
80909
|
445000 |
|
Payments for this development are payable in EGP. 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. |
|
Type
|
m2
|
GBP
|
EUR
|
USD
|
EGP |
|
Hotel Studio - Min
|
40
|
32491
|
36145
|
49225
|
270000 |
|
Hotel Studio - Max
|
43 |
33694
|
37483
|
51048
|
280000 |
|
Studio - Min
|
49
|
34898
|
38822
|
52871
|
290000 |
|
Studio - Max
|
66 |
51625
|
57430
|
78213
|
429000 |
|
1 Bed - Min
|
90
|
64982
|
72289
|
98450
|
540000 |
|
1 Bed - Max
|
90
|
70397
|
78313
|
106655
|
585000 |
| 2 Bed/1.5 Bath - Min | 121 | 87365 | 97189 | 132361 | 726000 |
| 2 Bed/1.5 Bath - Max | 121 | 94645 | 105288 | 143391 | 786500 |
|
Payments for this development are payable in EGP. 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. |
|
Type |
m2 |
GBP |
EUR |
USD |
EGP |
|
1 Bed (Middle Floor) |
60 |
43373 |
48193 |
66055 |
360000 |
|
1 Bed (Ground/Top Floor) |
60 |
48193 |
53548 |
73394 |
400000 |
|
2/3 Bed (Middle Floor) |
120 |
86747 |
96386 |
132110 |
720000 |
|
2/3 Bed (Ground/Top Floor) |
120 |
96386 |
107095 |
146789 |
800000 |
|
Apartments in Phase One of the resort are already complete and so 100% payment is required upon contract. For apartments in Phase Two which are in the final stages of construction, the following schedule applies: |
|
Reservation fee of LE10,000 (just under GBP1000) fully refundable until contract |
|
50% upon contract (less the reservation fee) |
|
50% in quarterly installments over a period of 12 months (4 post-dated cheques) |
|
Buyers of apartments in Phase Two are able to obtain a 7% discount through paying 100% on contract. |
|
Investors purchasing entire blocks of six or more apartments are able to secure an additional special discount. |
|
An 8-10 minute walk to a variety of beautiful sandy beaches |
|
Pool views from all apartments; sea views from most top-floor apartments |
|
Next door to all of the main shopping and entertainment areas in Nabq Bay |
|
More than 10 swimming pools on site |
|
Lush tropical gardens |
|
Low density development containing a low ratio of buildings |
|
On site shops and restaurants in the attached hotel and shopping mall |
|
On site hypermarket |
|
Parking spaces |
|
Centralized satellite television |
|
Wifi Internet coverage throughout |
|
Housekeeping service |
|
24 hour security |
|
Full management service available through the attached hotel |
|
Maintenance fee: one-time payment of LE15,000 (around GBP1430) for one-bedroom units, or LE30,000 (around GBP2860), fully refundable upon sale. |
|
Sierra Resort is located in Sharm el-Sheikh's fastest growing area and most upmarket area - Nabq Bay - which is situated in the north of the town. |
|
Sierra Resort is a second-line development, right in the very heart of the area, with a variety of upmarket shopping malls, bars and restaurants within easy walking distance |
|
Beach lovers will love the fact that white sandy beaches overlooking Tiran Island are just 8-10 minutes walk away, while golf players will be delighted to know that a new 18-hole course is just 5 minutes away by taxi. One of Sharm's two natural parks featuring mangrove swamps is also just five minutes away by taxi as well. |
|
Sharm el-Sheikh International Airport is less than 10 minutes drive from Sierra Resort, with the many attractions and buzzing nightlife of Naama Bay a little over 15 minutes away. |
|
Phase One of Sierra resort was completed in March 2008. Phase Two of the resort started handover in early 2009. |
|
Ceramic floor tiles throughout |
|
Aluminium powder coated windows frames and balcony doors |
|
Rendered walls painted |
|
Internal fire-retardant doors imported from the UK |
|
All electrical power points and light switches |
|
Sockets for telephone |
|
Smoke detector connected to the fire alarm system of the hotel |
|
Stainless steel sinks with mixer taps in kitchen |
|
Plumbing for washing machine |
|
Ideal Standard toilet, washbasin and shower |
| Ceramic wall tiles in bathrooms | |
| Pre-installation for airconditioning | |
|
Ceramic floor tiles throughout |
|
Aluminium powder coated windows frames and balcony doors |
|
Rendered walls painted |
|
Internal doors with locks and architrave |
|
All electrical power points and light switches |
|
Sockets for telephone |
|
Stainless steel sinks with mixer taps in kitchen |
|
Plumbing for washing machine |
|
Ideal Standard toilet, washbasin and shower |
|
Ceramic wall tiles in bathrooms |
|
Pre-installation for airconditioning |
|
Electric and water meters extra (approx. LE2000) |
