Brand new apartments located at the beautiful Red Sea city of Marsa Alam in Egypt southern Red Sea. Miles of pristine beaches await and a serene place for extended stays or as investment rentals. Marsa Alam is a world class diving destination with many unexplored diving treasures and a great overall atmosphere to get away.
It's an area that is growing quickly and is a prime investment area for anyone looking for an investment with good return potential.
In this brand new building, apartments ready for sale and they are discounted on
pricing so it is expected they will be sold rather quickly.
Marsa Alam is a very small village in Egypt's Red Sea area. It is a fast
growing place and has very good infrastructures in place so it is well on track to be one of the hottest tourist destinations in the Red Sea.
Marsa Alam has an international airport so it's just a short flight from Europe and the UK.
There is an elaborate yacht club which has been recently completed and the area close by is very pricey. Marsa Alam is sure to draw many good residents in the coming years as it is said to be the next french riviera..... we'll call it the prize of the red sea riviera.
It is already a popular destination for many people and local resorts enjoy a good volume of visitors. There are a few large resort hotels which exist in the area and there are numerous buildings under construction which will be other hotels, resorts and apartment buildings, shops, etc.
Everywhere you look today, in Marsa Alam, there is construction going on as the development continues from that of a tiny fishing village to a beautiful town at the Red Sea. Surely if you're looking for a place busy with tourists then this might not be the right place to you and maybe you should be looking at Hurghada instead. Hurghada streets are filled with tourists every day of the year and the night life goes on all night.
If you want peace and quiet and happy with the sand and the sea, then Marsa Alam is the place to be. If you want a great investment opportunity then buying an off plan apartment in Marsa Alam could be the best bet.
There are apartments available for sale right now which are in the process of construction in a brand new building. The building owner is Egyptian-American and he has taken every step to take care of the construction process to see that the quality of the building is very high. Additionally, he is taking the effort to be selective in the tenants which will have shoppes at the street level of the building.
The building is located in the town area and is just a short distance to the beach. (about 5 minutes walking). The building is located right on the corner of two streets and it will
have shops on the street level. At street level you can sit in the cafe, enjoy a cappuccino, smoke some sheesha, get something to eat or just enjoy watching the passers by,
The apartments are located on the upper floors. This property is basically "off-plan" since selling of the units is done as the building is being completed. Many people like this since it means they're getting a substantially reduced price, just 14000 Euros for a one bedroom unit and a 18000 Euros for a 2 bedroom unit.
This is a common way to buy in many places of the world, it works well and the Egyptian government does closely control and monitor these types of transactions in order to see that everything is legal and done according to the way it is supposed to be. You are able to own the property freehold and you can keep it forever, sell it, rent it, live in it or do whatever you might desire.
Some people might not be familiar with purchasing an off plan property but it is commonly done in Egypt and the process of purchasing this way works quite nicely so these apartments and shoppes will be sold and let in the traditional off plan contract for sale.
Buying off plan give you the chance to have a very special pricing on the apartment and then the interior is finished at additional cost. Interior finishing for a 1 bedroom unit is 8,000 Euros and finishing for the 2 bedroom unit is $10,500 Euros.
Some people prefer to finish it themselves, especially those that are local to the area. Many times foreigners want the apartments to be completed and we're happy to provide the finishing of the units if you desire that.
Our finishing packages will bring the apartments to American style finishing with nice bathroom fixtures, full shower and bath, kitchen with cabinets and a wardrobe closet for storage in the bedroom.
With our finishing packages, standard tile flooring will be added and the interior walls will be painted in neutral colors. Of course if you want a certain color theme we will be most happy to make it to your request.
With our finishing packages, just add furniture and you'll be ready to move in. Refrigerator and stove is not included in the finishing pricing, most people prefer to select one of their own choosing. Of course we can help you with these appliances and well as furniture if you need help.
The building will have an on site manager so there will always be someone around to help you with whatever you might need. Sometimes people buy the apartments for their own use and other times they are looking to get them as investment purposes.
As investments go, this is a great one as the apartments in Marsa Alam are in heavy demand. There are not many apartments there and this is an absolutely gorgeous place to spend some time. It's quiet there and a great place for those that want to get away from it all and enjoy life a little on the relaxed side of things.
If you're wanting to rent the place while not using it personally, there is a big rental market there for apartments and you would find it quite easy to have it rented whenever you like. Management companies are readily available to help with taking care of your guests while you're abroad.
The next step if you're interested is usually to see the place and make your choice of an apartment to purchase. A contract for the purchase will be made between us and the initial
payment is due at contract signing. The amount due for the first payment is 40% of the purchase price. The remaining 60% is payable according to the finishing time you request.
Apartments can be completed by winter 2009.
If this is a program that works for you, after the initial payment and good faith money at the contract, the remaining will be paid over 5 monthly payments with the final payment due at delivery of the unit to you.
Finishing packages for the units will be due during the final 3 payments.
If you're in Egypt or thinking about coming there and if you'd like to see the building you're welcome to let us know. It's a great offer and if it's what you're looking for then we're looking to help you select a unit and get signed up.
We'd like to help you in whatever way you need so just let us know what we can do.
If you're looking to make a great investment, Egypt is a secure place to do that. It's safe and the locals are very friendly to foreigners. In fact, if you're in Marsa Alam, it will more likely be that the Egyptians are the foreigners as the residents throughout the area are more European and from the UK. There are plenty of Egyptians but don't really expect them to be your neighbors, most of the apartments in Marsa Alam will be owned and occupied by foreigners. People are buying these apartments because it's a great investment and Egypt is such a friendly place to foreigners. Of course the beaches and quiet are tops on the list.
The Red Sea Egypt. Where the sun shines every day, 365 days a year.
Visit the website to see more about the Marsa Alam apartments
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