New Development / New Home, High Yield, Unfurnished, Tourist Letting, Resort, golf, beach, Spa, swimming pool, tennis court, Security, Clubhouse, balcony, air conditioning, Investment property
Sinai Golf Heights
Nabq | Sharm El Sheikh | EgyptOnce completed this resort will be the premier golfing destination in the Sinai Peninsula offering an abundance of facilities, excellent year round climate and a superb golfing experience.
Prices from 250,000 EGP
Key Investor Benefits
The property market in Egypt is now regarded as a solid reality of the market. The demand for real estate is increasing largely for both the acquisition of holiday homes and pure investment. There are numerous reasons for choosing Egypt as a location where to invest money:
Warm desert climate with temperatures ranging from 20C in winter to 50C in summer creating a year-round tourist season and year round rental season. A unique mix of wealthy culture, beautiful beaches and golden deserts, along with being one of the best diving locations in the world. No VAT on property purchases | No Egyptian Inheritance Tax No capital gains tax | Low income tax Low cost of living and low maintenance costs. Cost of living in Egypt is around 20% of UK rates. Charges for title deeds and registration as low as 3%. Property annual appreciation of about 20%. Regular direct flights from most European destinations. Properties are highly rentable due to Egypt's flourishing tourist industry. Strong economic growth and increased investment in infrastructure. The Development - Sinai Heights Golf Course. Stretching along the beautiful Rea Sea, Sinai Golf heights is an all encompassing prestigious development set on an elevated hill overlooking Nabq Bay, which is 13km from Sharm El Sheikh International Airport.
Located ideally on the main Peace Road the project is perfectly situated for all guests and residents to enjoy the sea and mountain views. The total project area is 1.3 million sq.m, with a footprint of 17% and golf area of 39%. The resort will consist of approximately 3,500 units combining studios, 1-bedroom, 2-bedroom apartments, townhouses and villas.
This compound has a signature golf course designed by Ronald Frame, lagoons, 5-star hotel & spa plus many activities for residents and guests to enjoy their stay:-
Beach Access | Clubhouse | Golf Academy | World Class Spa | Commercial Zone | Entertainment Facilities | Retail Services | Restaurants | Kids Club and Pools | Wave Pool | Bike Tracks | Tennis Courts |
Sinai Golf Heights Phase Plan and Site Plans
Due to the size of the project it is split into 7 different phases. As a whole the project is due to be delivered by 2017. Phase 1, which is being developed in the present time, is due to be finished by the end of 2011.
Sinai Golf heights captures the very essence of Egyptian life through a theme of mamluky architecture. This style is famous for its monochromatic harmony of materials, serenity of its courtyards, the warmth and human scale of its external iwans covered with vaults.
The apartments consist of:-
Reception | Kitchen | Dining area | 1 and 2 bathrooms | terrace overlooking the golf course, Sinai Mountains and Red Sea.
Top floor apartments will benefit further from a private roof terrace, which is a similar square meterage to the apartment.
Apartments
Studio Apartments 45 m2 priced from 250,000 EGP
1 Bed Apartments 65 m2 priced from 360,000 EGP
2 Bed Apartments 95 m2 priced from 600,000 EGP
Townhouses and villas will be available in later phases. Sizes and prices are to be announced.
Upon completion apartment sizes may vary by +/- 5%
1 GBP = 8.52 EGP 1 EURO = 7.90 EGP 1 USD = 5.50 EGP
(Exchanges rates are for guidance only and rates subject to currency fluctuations)
Sinai Golf Heights will offer buyers:-
13 km from Sharm El Sheikh International Airport Regular, frequent flights direct to Sharm El Sheikh 5 minutes from the Nabq Bay (walking) 10 minutes from the Nabq Bay shopping promenade (walking) 20 minutes from Naama Bay (city centre) 5 minutes from Beach Close access to world famous dive sites The opportunity to gain a lucrative investment not only due to Nabq being an undeveloped area of Sharm El Sheikh that is expected to boom over the next couple of years, but Sinai Golf Heights is the only course in the area of Nabq. The Reservation and Purchase Procedure
GBP2,000 reservation deposit, this is a 30 - day fully refundable deposit to remove your property from the market.
Sinai Golf Heights Payment Plan
20% on signing of contract (less the reservation deposit paid)
10% Every 6 months for 3 years - 6 instalments
20% On completion - expected end 2011
Closing costs in Egypt are approximately 2% of the purchase value.