220 sqft
Paradise Gardens Resort is ideally located in the heart of Sahl Hasheesh Bay on an area of 60 000 sqm. Built-up area is only 20% and 80% are gardens, pools and lagoons. This exotic location is just cross the street from the only public beach in Sahl Hasheesh bay. This unique location between the sea and the golf course behind theresort, guarantees panoramic sea, pools or golf views for all units. Paradise Gardens Resort consists of 350 apartments in 6 buildings of ground + 4 floors. Resort facilities include a 5 star boutique hotel offering Paradise Gardens residents two restaurants, bar, health club, lounge, shops, kids garden, tennis court, room service and 7 days a week housekeeping (maintenance and cleaning) services. Egypt(capital local time:20:21:53)------------* General information* Economic data* Tourist information* Property buying process* Relatively useful factsLots of facts and useful information about the Egypt can be found at Wikipedia, by clicking here.Below we've chosen some information, helpful and essential for the Egyptian property investors. General information------------Egypt is the oldest country in the World with the documented history of almost 5000 years. As of April 2009 its population is 83 million people, the biggest among Arab countries and the third in Africa. Egypt is located in the northeast part of the African continent, around the Nile River banks, bordered by the Mediterranean Sea to the north and the Red Sea to the east, its neighbours being Libya, Sudan, Israel and Gaza Strip.Egypt's capital is Cairo - one of the world's biggest cities with a population of 16 million is a lively metropolis, merging the richness of the oldest civilization with the modern developemnt and culture. Around Cairo's remainings of the only existing of the Seven Wonders of the Ancient World can be found - the Great Pyramid of Giza. This area is well known for its biggest inhabitant as well - The Sphinx, biggest monolith sculpture in the World, believed to be sitting there since the third millenium B. C.Except for pyramids, Sphinx and mirages - Egypt is known for three main things the Sun, the Sun and the Sun. The country's average of 363 non-raining days a year make it a perfect tourist destination, ideal for the active relax /diving, strolling the dessert/ as well as history dwellers /Alexandria, Cairo, Luxor, El Alamein/ or simply a lazy and refreshing time at any of the Red Sea's coast resorts.The fact the tourist industry is one of the country's main income sources gives it a high priority and a lot of attention from the governement. As a result the infrastructure is improving and the property market developing. Investing in property in Egypt is a solid source of the guaranteed rental income as well as the property value appreciation. Buying an apartment in Egypt will bring 6-8% in the annual rental profit and stable 15% annual value growth /20-30% p.a. before the market slowdown of the late 2008/.Egypt is in fact "The Arab Republic of Egypt", with Egyptian as the offical language. English is widely used in Cairo and tourist resorts.Economic data------------Tourist information------------While entering Egypt, the passport should be valid for at least another 6 months. Property buying process------------Egyptian Pound /EGP/ is the local currency. Often, especially property prices are denominated in British Pound, though. Foreigners can buy property in Egypt, under Law No 230 of 1996. Up to two units of real-estate can be acquired, upto 4000 sq. m in the built size. The purpose must be for a family member to live in the property. The purchase must have the approval of the Council of Ministers, which takes around two months and is, in fact, a formality.Registering property in EgyptIf registered, the property cannot be sold or rente