egyptian property and tour specialists

Maraqia Resort

This Nubia style resort is built and ready for delivery in 6 months, located in a quiet area near the mountains of the Sinai in Nabq, this fantastically priced development...prices staring at just £22,000* is built to a high standard.

The resort has 650 units with a selection of sized properties, from studio, 1 beds, 2 beds, 3 beds and penthouses and there are views of the sea from the roof terraces of the penthouses. There are 3 large swimming pools, restaurants, supermarket, bookshop and other facilities including a gym, tennis courts, clinic, parking area. 24hour security, kids club, shuttle buses and a 4*hotel. The resort is approximately 20 minutes from Sharm El Sheikh International airport and 10 minutes drive from the national park of Nabq and the public beaches there.

Prices per sqm is 4,400Egp ( approx* £488) making this resort the cheapest in Sharm el Sheikh.

• Studios from 45sqm- Approx* £22,000
• 1 beds from 55sqm- Approx* £26,880
• 2 beds from 90sqm- Approx* £44,000
• Subject to exchange rates.

Great investment...why?

• See what you are buying as development is built
• Price per sqm lowest in Sharm
• Built by respected developer with proven track record
• Good payment terms, move in or rent out before you have finished paying in full!
• 4*star hotel on site adds value to your investment
• Low maintenance costs
• Quiet location with beautiful views
• Close to the centre of Nabq Bay which includes Hard Rock cafe, Starbucks, Casino and cinema

Payment terms:

• 10% reservation fee
• 40% on signing contract
• Balance over 18 months in quarterly instalments

Delivery:

Depending on location in resort from Feb 2010 Last delivery will be End April 2011

Maintenance:

Apt sizes studio=20,000 EGP (*Approx £2,220) EGP for life time, however if bank interest rates fall, the difference of the interest will be divided between all the apartments each year and owners will each pay a share.

Apts sizes 1 bed=30,000 EGP (*Approx £3,333) for life time, however if bank interest rates fall, the difference of the interest will be divided between all the apartments each year and owners will each pay a share.

Apts sizes 2 bed+=40,000 EGP (*Approx £3,333) for life time, however if bank interest rates fall, the difference of the interest will be divided between all the apartments each year and owners will each pay a share.

Apartment sizes are gross, nett is 12% less Sizes available are 45, 55sqm, 90sqm,103sqm

Meters for water and electricity are not included in the price but can be purchased and government priced utilities apply.

Location

View Maraqia Resort in a larger map

Please contact us for further details.