For sale - 2 Bedroom Apartment Property in Nabq, Sharm El Shiekh, Egypt.

Apartment property. Each of the Sharm El Shiekh apartments has a constructed area of 90 sq mtrs, set in a well planned resort lay out with completion planned for 2009

Prices from £123,724

Land and Building for 6 Apartments. Structure only; walls, fronts and roofs. Price includes maintenance and Infrastructure.

Structure only walls, fronts, and roofs. £ 107,362 sterling

Maintenance £8,181 (for first five years) Total payable £123,724

Payment Structure

Deposit (50%) £61,862

6 Months £17.894

9 Months £17,894

12 Months/Completion £17,894

Maintenance £8,181 on completion

Total £123,724

Finishing – (optional)

Electric Points, Tiling, Kitchen fitting, Bathroom (complete) Doors, windows, Ceiling

650 le per square meter x 90 x 6 = (540 square meters) = £31,909.09

Total for building without finishing = £ 123,724divided by 6 = £20,620.66 per apartment

Total for building with finishing = £155,633.09 divided by 6 = £25,938.85per apartment.

Finishing can be decided on and paid for upon completion, furnishing packages also available.

These apartments are sale in Nabq, Sharm el Shiekh, a popular tourist destination which benefits from;

·    Close to airport – 10 minutes from site

·    Two golf courses being built 1 km from site

·    1 km from the sea – choice of public or hotel beaches to use (the developer is currently negotiating with a nearby five star hotel for owners use with discount cards etc.

·    Quiet tranquil area. All loft apartments have view of sea, Tiran Island, mountains and landscape.

·    Site is self contained with 24 hour security, pools, restaurants, bars, shops, football pitch, underground parking,

·    As Nabq it is a relatively new area in terms of development (although not hotels) there are lots of shops, restaurants and malls coming up. They have just opened a La Strada mall (walk of surprises), which combines shopping, entertainment and leisure.

·    20 minutes drive from Nama bay current nightlife capital.

Key factors

No capital gains or inheritance tax facilitates resale potential without any penalties.

Egypt is one of the world’s top 5 destinations. In 2005, Egypt registered over 8.5 million tourist arrivals, making it the most emerging destination within the Middle East region at present. Egypt is famous for its rich culture and iconic world history sites covering Egypt ’s 7000 years of civilization. Breathtaking, landscapes, fantastic beaches, and friendly hospitable people all contribute to Egypt’s popularity.

Warm desert climate with temperatures ranging from 14°C in winter to 38°C in summer creating an all year-round tourist season. There were 3.1 million visitors in 1995, 6.4 million in 2003, and 8.5 million in 2005, making Egypt the number one tourist destination in the Middle East and the East Mediterranean.

Sustained economic growth combined with increased investment in infrastructure is providing an extra boost to an existing booming property market as a whole. Forecasted by major European and American financial institutions to become North Africa’s economic powerhouse within ten years.

Egypt’s strategic position in the world makes it easily accessible from USA, Europe and the Middle East .

If you would like to know more about our property for sale in Egypt, or have any questions about buying property in Egypt then please feel free to contact us. You can also find more information about property in Egypt in our knowledge base. 

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