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29/08/10 - Update - OFFER ENDS 2/09/10. Only £5,000 deposit. Remaining balance within 30 days29/08/10 - Update - Only 3 Apartments remaining at Special Offer Price. The development is being built on a site of 30,000 square meters with amazing views of the sea to the front of the resort and the mountains of the desert behind. Styled in traditional Andalucian architecture, the apartments & Duplex are designed to incorporate exterior space, whilst offering first rate views of the most natural surroundings and access to beach a short drive away from the resort. Key features of Mashareq Studios, 1 bedroom and 2 bedroom apartments available. Solariums on all 9 top floor units in B3. Air conditioning connections included. The whole project will be guarded by in house security. Property management services on site for all you rental requirements. Costs applicable. Private garden or private roof terrace available. Mountain, Pool and Sea views. Housekeeping service on request. Special discount on accommodation, food & Beverages in all Hotels owned or managed by Magic Holiday Hotels & Resorts. The possibility to use all outlets in all Hotels owned or managed by Magic Holiday Hotels & Resorts. Gardening department to take care of the landscape and green areas. Maintenance department. Very large apartments Facilities 4 Star hotel All buildings have elevators 2 large, heated pools Landscaped areas with children’s play ground Beach access Fitness Centre 2 specialised restaurants Night club Bar and café Commercial facilities A Supermarket, Boutiques, Hairdresser / Beauty Salon, and Pharmacy Finished to a high standard Location Five min. drive from the sandy beaches of Nabq Bay 10 min. drive from the relaxing and sophisticated Soho Square 15 min. drive from the busy and vibrant area of Naama Bay Easy access to and from the airport Top 10 Reasons to invest in the Red Sea Riviera The real estate market in Sharm El Sheikh in the Red Sea Riviera is just in its infancy and by getting in at the ground level with Pioneer Property you can enjoy many advantages. 1. Return On Investment opportunities are high Capital appreciation over the past 18 months on some properties has increased more than 50% in value with the average rate being around 15% year on year. Overseas real estate will always have a residual value and is a more stable investment than stocks and shares. 2. Great Deals & Affordable Holiday Homes Everyone dreams of having a second home in the sun. Prices in EU countries and the cost of living there are now too high, making them not such an attractive investment. Whereas prices in certain areas outside the EU such as Sharm El Sheikh in the Red Sea Riviera can start from as little as 45,000 Euros ( approx 39,000 sterling) for 2 bedroom apartments. 3. Rentable With an increasing number of tourists visiting the Red Sea Riviera each year along with a sustained diving community, rents are likely to remain buoyant well into the future. Also the increasing influx of expatriates living in the region will also ensure the demand for rental accommodation remains high. 4. Sellable Sharm El Sheikh property prices should remain an excellent investment opportunity in the longer term, as the area is relatively un-known in real estate terms and the demand is rapidly increasing. 5. Tax Friendly Egypt is a very tax-friendly environment. There is no capital gains tax or inheritance tax. 6. World Class Diving World class diving in warm waters over tropical coral reefs, wonderful hotels with some of the world's favorite cuisines, golf courses and a wealth of ancient history & local culture make The Red Sea Riviera one the best places to own a home. 7. Climate The climate in Sharm El Sheikh in the Red Sea Riviera is hot and dry, not humid, with year-round sunshine. Making it an excellent place to take a vacation or live permanently. 8. High Profile Resorts Great Resort living Sharm El Sheikh and the Red Sea Rivera’s popularity is increasing rapidly and with it comes very lively resort destinations with vibrant atmospheres, combined with excellent business opportunities making it a wonderful place for expatriates to live. Many wealthy business people, heads of state and Arabian Royalty also own property here. 9. Development &Tourism Sharm El Sheikh in the Red Sea Riviera is easily accessible with direct flights now coming in from many major European destinations (Flying time from London is approx 5 hrs, and most of Europe between 3- 3.5hrs). And with the expansion of Sharm El Sheikh's International Airport the economy is starting to boom. Other new developing resorts will continue to create a valuable real estate market. 10. Cost of living The cost of living here is very cheap and the exchanges rates to the Egyptian pound are high for foreign currencies, making it an excellent place for long breaks during the summer or winter. Red Sea - Egypt Summer Sale on last few units! Contact us now on + 44(0)161 7271327 or e-mail: egypt@knightknox.com for further information or to make a reservation body { background: #FFF; } body {background: #FFF;}