flat, golf, pay tv, air conditioning, telephone, swimming pool, balcony, parking, internet
Frontline 5 Star development• Prices starting from Euro 29,500• Extensive range of facilities• Average 10% rental guarantee option for five years• Freehold ownership• Renowned as the world’s premier diving site• Excellent capital appreciation• 45 km from Marsa Alam International Airport• 500M Private beach and coral reefSituated on the Red Sea, the new Marsa Alam Beach Resort lies only 45km southof the Marsa Alam International Airport and 20km north of Marsa Alam city. ERare developing 1500 one and two bedroom apartments set in a beautiful gatedfive star resort. The plot is 250,000m2, with a 500M stretch of coast line, and anadditional 52,000m2 for the construction of retail outlets, restaurants and staffaccommodation.Marsa Alam Beach Resort facilities will include the following:• Stunning, high-spec apartments, all with individual outdoor space and aselection with prime beach-front location• Salt and fresh water swimming pools• A marina, scuba diving school and water sports diving shop• Private beach and coral reef• Restaurants, bars and a nightclub• 24 hour concierge, reception and room services• Amphitheatre and botanical gardens• In-house serviced laundry• Proposed off-road motor sport centre• Tour services for water and desert activities• Shops and supermarkets• Wellness / fitness centre, tennis courts and mini golf• Medical and dental surgery• 24hr in-house security services• Shuttle service and limo service• LAN internet connection in all rooms with wireless internet connection to the hotelThe LocationMarsa Alam is located in the south of the Egyptian Riviera on the Red Seaapproximately 300km south of Hurghada. The popularity of the region as a divingdestination led to the construction of the Marsa Alam International Airport 65kmnorth of the town itself. Construction is currently underway on an extension tothis terminal in order to handle the increased tourist inflow into the now easilyaccessible area. With direct flights from London and many other Europeandestinations now available, the area is seeing an explosion in tourism growthand development.Legal• A full due diligence has been conducted on the developer, developmentand management group by a UK based lawyer• Contracts will be written by UK based lawyers and are governed underEuropean law• There are no restrictions on direct foreign ownership for thisdevelopment• Unlike other areas of the Red Sea Coast this resort is freeholdownership• The signatures of foreign affairs on the title deeds will be legalised bythe Royal Netherlands Embassy in Cairo.• There is no restriction on when you can resell your apartment.There will be 1050 5 star one bedroom apartments. Priced from €29,500plus additional furniture pack (pre-launch pricing), these beautifully designedapartments will be from 45-50M2 internal living space consisting of onebedroom, one bathroom and open plan living area; there is an additional 8m2external space.Please note that as this is pre-launch, internal and external drawings and sitemaps have not been released at this stage. The above drawings are from IPIsGarden Apartments priced from Euro 49,950 (pre-launch price). Theseapartments are comprised of 80m2 internal space, consisting of twobedrooms, one bathroom, a kitchen and an open-plan living area; an averageof 16m2 terrace space and 60m2 garden.Middle Apartments priced from Euro39,950 (prelaunch price). Theseapartments on the first floor are of an area of 80m2 internal space, consistingof two bedrooms, one bathroom, a kitchen and an open-plan living area andan average of 16m2 balcony.Penthouse Apartments priced from Euro 59,950 (pre-launch price). Theseapartments on the second floor are 100m2 of internal space, consisting of twobedrooms, one bathroom, a kitchen, an openplan living area, a rooftopsecond reception room 3rdbedroom, an average of 16m2 balcony and a 60m2rooftop terrace.Price ListOne Bedroom Apartment Price Euro 29,500Rental Guarantee: Not ApplicableGround Floor Garden Apartment Price Euro 49,950Rental uarantee:Year 1 6% Euro2,997Year 2 8% Euro3,996Year 3 10% Euro4,995Year 4 12% Euro5,994Year 5 14% Euro6,993Middle Floor Apartment Price Euro39,950Rental Guarantee:Year 1 6% Euro2,397Year 2 8% Euro3,196Year 3 10% Euro3,995Year 4 12% Euro4,794Year 5 14% Euro5,593Penthouse Apartment Price Euro 59,950Rental Guarantee:Year 1 6% Euro3,597Year 2 8% Euro 4,796Year 3 10% Euro 5,995Year 4 12% Euro 7,194Year 5 14% Euro 8,393Please note: Some apartments will have an additional surcharge on price uponrelease due to exceptional position. This surcharge is expected to range fromEuro 3,000 to Euro 5,000. If an investor does not wish to pay the surcharge then analternative apartment will be provided that is not subject to this. Prices andcalculations are subject to change.Breakdown of payments and procedureAs this development is currently at the pre-launch stage investors will have theopportunity to take out an option on an apartment by placing a Euro 1500 fullyrefundable deposit. This will allow the investor to get the best apartmentavailable once the development is officially released and to also take advantageof the discount pre launch prices.In order to place an option investors will need to follow this process:1. Fill out a reservation form including the clients name, contact numbers,address, email address and type of apartment (i.e. one bed, garden, middleor penthouse)2. Investors will then be required to transfer Euro 1500 to the escrow account,details of which are contained on the reservation document.3. Investors will need to return the signed reservation form, a copy of theirpassport and a recent utility bill to the agent.4. The option will be placed ONLY when the funds are received into the escrowaccount. The order in which funds are received will determine the order inwhich investors will choose their apartment. The investor transferring fundsquickest, being placed higher on the waiting list , ensuring the better choice ofapartment.5. Investors will be placed in a waiting list based on their apartment preferenceand the time the funds show in escrow.6. The project will be officially launched no later than the end of Feb 20087. 7 days before the launch, those who have pre-reserved will be sent the fulldetails including site map, location of individual apartments and a full list offacilities.8. A telephone call will be scheduled for each Investor on the official launch date,in list order. Investors will be called by a representative of the developer andasked which apartment they wish to reserve from the availability.9. The developer will take all reasonable measures to contact the investor duringa 15 minute window. If for any reason the investor is unable to take the call,they will be moved further down the list.10. Should the investor not wish to proceed then they will be sent a form to fillout where they will provide account details for refund and allow IPI to havewritten confirmation of cancellation.11. Should the investor wish to proceed, contracts will be prepared immediatelyand sent. The client will then have a period of 14 days to complete thepurchase and pay the balance into escrow. Should the client not complete bythis time then they would be subject to the increased price.Construction timeThe individual apartments will be complete 18 months after the signing ofpurchase contracts. The resort is estimated to be complete in June 2010.Please note that all apartments will have additional costing for furniture packsZafarana Beach Resort and are intended to be used as a guide only. so it might change upon to the developer