Area Info

This area is poised to be the next Sharm El Sheikh of Egypt because of its increasing popularity amongst divers as well as tourists, but on a much larger scale as we have a 180 kilometer coastline there. Most of the sites if not all have now been sold with a majority being sold to the largest developers in the region, most of the up market hotels have taken prime location plots. The development is only minutes away from the new marina in Marsa Alam which is currently being constructed and is already being used by most of the dive boats in the area.

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local buses operate in the area, as well as private taxi's

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Canning Town (Head Office) 143 Barking Road London E16 4HQ
Telephone	0207 473 3332
Fax	0207 473 3334
E-Mail	canningtown@cityandurban.com

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Marina-View Residence

Price: 40,000

Description:

As WINNERS OF THE AWARD FOR BEST REAL ESTATE AGENTS FOR EGYPTIAN PROPERTIES IN THE CNBC ARABIAN PROPERTY AWARDS 2006 & 2007, & as preferred agents of the developers City & Urban are proud to offer for sale a selection of two bedroom apartments within this front line development offering sea views, located only minutes from the New Marina. Due to the limited number of units we recommend registering your interest early. * Front Line Development * Sea-Views * Prime Location * Limited Number of Units * 2 year payment plan * 2 bedroom apartments (90sqm)

Details:

All apartments are 2 bedrooms of 90sqm, and come with either a small garden or roof terrace. The development is situated on the main road of Marsa Alam city center and is therefore in a prime location, only minutes from the marina and all local amenities. The site will house 60 residential units, communal gardens & swimming pool. This area is poised to be the next Sharm El Sheikh of Egypt because of its increasing popularity amongst divers as well as tourists, but on a much larger scale as we have a 180 kilometer coastline there. Most of the sites if not all have now been sold with a majority being sold to the largest developers in the region, most of the up market hotels have taken prime location plots. The development is only minutes away from the new marina in Marsa Alam which is currently being constructed and is already being used by most of the dive boats in the area. Located only 60 kilometers from Marsa Alam International airport (30 mins car journey) and situated on the main street of Marsa Alam’s city centre this development is in a prime position with access to its own private beach which is a mere 50 meters from the site. The Development is in the front line with its own private beach. Due to the limited number of units offered (60) and the large demand for residential property in this emerging area we do expect a quick sell out. Please find below details of what is being offered. * 2 bedroom luxury apartments 90Sqm * Front Line development * 2/3 year investment with 100% capital appreciation expected in 18 months * Also making good rental investment being directly on the beach Payment Terms: * 30% down payment * Balance to be paid over 1 year starting from when contracts are signed * Completion is September 2008. We only have two units remaining as they have sold very quickly: Two bedroom ground floor 90Sqm apartments with garden £30,000 pool view (All Sold) Two bedroom ground floor 90Sqm apartments with garden £32,500 with beach/sea views (All Sold) Two bedroom first floor 90Sqm apartments with roof terrace £35,000 with beach/sea views. (2 units remaining)

Bedrooms: 2

Bathrooms: 1

Garages: 0

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