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Serene Luxury Apartments, Sharm El-Sheikh We are pleased to bring you the Serene Luxury Apartment development in the stunning location of Naama Bay, Sharm El Sheikh. With a mixture of one and two bedroom apartments the resort offers a solid investment and holiday home. Located in an elevated position and in the immediate vicinity of Naama Bay’s 5 star hotels, offering beautiful sea views, the Resort boasts an excellent range of on-site amenities and services, catering for the needs of all guests. Furniture & equipment packages carefully designed by experts along with key suppliers and brand names in the market will be made available. There is a mixture 68 apartments and 2 villas available.
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Property types available.
- 86-90m2 : 1 bedroom apartment
- 137-143m2 : 2 bedroom apartment
Location Naama Bay – Sharm El Sheikh
Naama Bay is the central resort area of Sharm el Sheikh and comprises a stylish strip of hotels, with an attractive pedestrian promenade along the sandy beachfront. At the south-western corner of Naama Bay are shops, restaurants, small hotels and a wide choice of dive centres. Naama Bay is 7 km from Sharm El Sheikh Airport. It comprises a number of international bars, restaurants and night clubs. Properties in Naama Bay are famous for their high rental yields. A number of exclusive high quality developments in the area offer a range of 1, 2 and 3 bedroom apartments for short term or long term lease. Construction Schedule The Resort will complete in March 2010. Facilities And Maintenance Onsite Facilities:
- Swimming Pools
- Lounge Bar
- Restaurant
- Laundry
- Parking
- ADSL Connections
- Housekeeping
- 24 hours security
- SPA / Club House
- Central Satellite
The maintenance cost is 70 Egyptian Pounds per square metre per annum.
Payment Terms We have a refundable reservation fee policy which enables you to hold an apartment for up to 30 days without actually committing to the purchase. This enables you to view the development and do further due diligence prior to signing your contract and paying your first instalment. Only 10% of your reservation fee is retained by us as an administration charge. The refundable reservation fee is £2,000 (€2,640) and should accompany a signed reservation form which is available upon request. This reservation fee is deducted from your first instalment. After 30 days of receipt of your reservation form and cheque, the reservation fee becomes non-refundable.
- 25% on signing of the contract (less reservation fee)
- 10% every 3 months over seven payments
- 5% upon delivery
Investing in Sharm El Sheikh
The 12 months season increases the annual yields of investment when buying to let.
The general planning and development of the area rapidly increases the market property appreciation in a few months.
Over the past 18 months some properties increased their value more than 50% with the average rate being around 15% year on year.
The increasing influx of expatriates living in the region will also ensure the demand for rental accommodation remains high.
There is no capital gains tax or inheritance tax and the running costs (i.e. living costs, utility consumption) are very cheap.
As a prime holiday and party choice for Egypt’s niche community, most major international entertainment events and New Year’s celebrations take place in Sharm El Sheikh.
Property Management The developer offers a 3 year rental guarantee of 5% per annum together with a complete property management service. About the Immediate Vicinity Hay el Nour
The first residential area in Sharm El Sheikh and a nature extension of Naama Bay residential area is located about 2.5 km away from Naama Bay with both old and new buildings. Hay el Nour has been recently expanded to include the brand new extension located next to the largest church in Sharm. Although a residential area, a lot of businesses are beginning to relocate there.
Hadaba
Hadaba is a quiet, sun soaked resort on the outskirts of Sharm el Sheikh. Hadaba’s wide range of hotels and holiday villas are situated in beautiful locations on the Ras Om Sid promontory. Staying at Hadaba, holiday residents are a five minute taxi or bus ride to Naama Bay, the bustling heart of beach and dive hotspot Sharm el Sheikh.
Hadaba is not only an appealing relaxed destination for tourists, but also famous with Sharm’s prime residential area the Marine Club Villas.
Shark’s Bay (also known as the White Night)
Shark's Bay is an elite touristic area, with a wonderful combination of sea, gulf, and mountain scenery. It encompasses a number of high end 5 star hotels and resorts with a few residential properties that have marvellous views and beach access. The area is originally very famous as a diving destination.
Activities
One of the best things about this area is the diversity of activities available to visitors;
- Diving Snorkelling
- Wind Surfing
- Water Skiing
- Parasailing
- Karting
- Bowling
- Quad Biking
- Horseback Riding
- National Parks
Night Life
A romantic meal for two, a round of drinks with your friends, enjoying a live jam, or just clubbing the night away, Sharm El Sheikh has it. A wide range of romantic or family dinners, bars and clubs as well as speciality restaurants and coffee shops are available, Sharm is famous locally and international for the hippest and top-rated places to be.
Shopping
There are two types of shopping options in the Sinai and Red Sea area and visitors can enjoy each of them for the distinctly different opportunities which they present. You can either shop till you drop in the modern style malls or seek out the bargains in the traditional bazaars or souks.
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