Marsa Alam (6)
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Las Cabanas at Marsa Alam (6)
Are you kicking yourself at not buying into one of Egypt's super-luxury resorts such as Sahl Hasheesh or El Gouna when they were recently launched and still available at rock bottom prices?
If so, Las Cabanas at Marsa Alam could be exactly what you are looking for because the development is the first phase to be released of an entire new tourist resort known as the Oriental Coast.
Taking advantage of the beautiful and unspoiled beaches and the fact that the Marsa Alam offers some of the very best diving sites in the entire world, the Oriental Coast is a vast development which is being built in phases over a ten year period. Upon completion, the resort will feature more than ten different hotels, a marina and a golf course, together with many villas and apartments and the shops, bars and restaurants to go with them.
The entire development is located on a plot with a total area of 6.5 million m2 along a 7.5km stretch of coastline.
Las Cabanas features luxury apartments of one, two and three-bedrooms together with four different types of villas, all of which are able to benefit from the adjacent Sunrise Oriental Dream Resort Hotel, which is due to open in October 2008.
With prices at Las Cabanas starting at just over GBP20,000, it is the perfect development for anyone looking at benefitting from the long-term capital growth that the other luxury resort areas on the Red Sea Riviera have seen over the past few years.
These are the standard prices for buyers wishing to pay over a period of 18 months:
|
Type
|
m2
|
GBP
|
EUR
|
USD
|
|
Studio
|
33
|
20793
|
26370
|
33367
|
|
One Bed
|
47
|
28981
|
36755
|
46508
|
|
Two Beds
|
80
|
43634
|
55338
|
70022
|
|
3 Bed - Min
|
88
|
46071
|
58429
|
73933
|
|
3 Bed - Max
|
103
|
56387
|
71512
|
90488
|
|
Villa - Min
|
162
|
143991
|
182615
|
231072
|
| Villa - Max | 225 | 187598 | 237918 | 301050 |
Payments for this development are payable in GBP and EUR. The prices in USD are for illustration purposes only and will vary according to current exchange rates. See below to calculate actual prices at today’s exchange rates.
Cash buyers paying 100% of the cost of the apartment upon contract can obtain a discount of 3.5% from the standard prices.
 |
Reservation fee of GBP1000 or EUR1000 (fully refundable until contract) |
|
30% upon contract within three weeks of reservation (less the reservation fee) |
|
70% in quarterly installments between contract and delivery in March 2009. |
|
Investors who are in no hurry to take delivery of their finished units can pay the 70% balance in quarterly installments over a period of two years, taking delivery after the final payment. |
 |
Several of the buildings in Las Cabanas are already completed. Handover of the remaining buildings will continue over the next two years. |
|
Stoneware ceramic floor tiles and skirting boards throughout |
|
Aluminium powder coated windows frames and balcony doors |
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Rendered walls painted |
|
Solid wood front doors fitted with a safety lock. Interior doors varnished on both sides with lacquer finish. |
|
Iron and/or wooden railings on balcony |
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All electrical power points and light switches |
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Sockets for telephone, internet and satellite televison |
|
Stone countertops with stainless steel sinks and mixer taps in kitchen together with upper and lower wooden units |
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Plumbing for washing machine |
|
Duravit toilet, washbasin and shower |
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Ceramic wall tiles in bathrooms and kitchens |
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Pre-installation for airconditioning |
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Just 20m from the resort's unspoiled sandy beaches |
|
Some of the best diving and snorkelling in the world right on your doorstep |
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Access to all of the attractions of the Oriental Coast resort including an 18-hole golf course, marina and shopping malls |
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Use of clubhouse with large swimming pools for adults and children, plus children's play area |
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Lush tropical gardens |
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Low density development containing a low ratio of buildings |
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On site shops and supermarket |
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Discounts at the restaurants in the attached Sunrise Oriental Dream Resort hotel. |
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Parking spaces |
|
Centralized satellite television |
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Housekeeping service |
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24 hour security |
|
Full management service available through the attached hotel |
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Maintenance fees - EUR650 for apartments; EUR1350 for villas |
|
Las Cabanas is part of the new luxurious Oriental Coast resort which is being created as a self-contained town, featuring more than ten hotels, an 18-hole golf course, a marina, a shopping mall with many other shops, bars and restaurants, all set in a beautiful low density setting with many parks, gardens and lakes. |
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Oriental Coast is located on one of the most unspoiled parts of Egypt's Red Sea Riviera, which is rated by divers as being one of the very best places in the world for watersports. |
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The Oriental Coast is located just 36km north of Marsa Alam International Airport, which sees incoming flights from many major European cities. |
|
Hurghada is located 180km north of the Oriental Coast. |
