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Egyptian Apartment - Flat to Buy in Muhafazat Al Bahr Al Ahmar - Egypt - Ref 532263

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Apartment/Flat Description

Are you kicking yourself at not buying into one of Egypt's super-luxury resorts such as Sahl Hasheesh or El Gouna when they were recently launched and still available at rock bottom prices?

If so, Las Cabanas at Marsa Alam could be exactly what you are looking for because the development is the first phase to be released of an entire new tourist resort known as the Oriental Coast.

Taking advantage of the beautiful and unspoiled beaches and the fact that the Marsa Alam offers some of the very best diving sites in the entire world, the Oriental Coast is a vast development which is being built in phases over a ten year period. Upon completion, the resort will feature more than ten different hotels, a marina and a golf course, together with many villas and apartments and the shops, bars and restaurants to go with them.

The entire development is located on a plot with a total area of 6.5 million m2 along a 7.5km stretch of coastline.

Las Cabanas features luxury apartments of one, two and three-bedrooms together with four different types of villas, all of which are able to benefit from the adjacent Sunrise Oriental Dream Resort Hotel, which is due to open in October 2008.

With prices at Las Cabanas starting at just over GBP20,000, it is the perfect development for anyone looking at benefitting from the long-term capital growth that the other luxury resort areas on the Red Sea Riviera have seen over the past few years.

Location

Las Cabanas is part of the new luxurious Oriental Coast resort which is being created as a self-contained town, featuring more than ten hotels, an 18-hole golf course, a marina, a shopping mall with many other shops, bars and restaurants, all set in a beautiful low density setting with many parks, gardens and lakes. Oriental Coast is located on one of the most unspoiled parts of Egypt's Red Sea Riviera, which is rated by divers as being one of the very best places in the world for watersports.

The Oriental Coast is located just 36km north of Marsa Alam International Airport, which sees incoming flights from many major European cities.

Hurghada is located 180km north of the Oriental Coast.

Facilities & Benefits

* Just 20m from the resort's unspoiled sandy beaches
* Some of the best diving and snorkelling in the world right on your doorstep
* Access to all of the attractions of the Oriental Coast resort including an 18-hole golf course, marina and shopping malls
* Use of clubhouse with large swimming pools for adults and children, plus children's play area
* Lush tropical gardens
* Low density development containing a low ratio of buildings
* On site shops and supermarket
* Discounts at the restaurants in the attached Sunrise Oriental Dream Resort hotel.
* Parking spaces
* Centralized satellite television
* Housekeeping service
* 24 hour security
* Full management service available through the attached hotel
* Maintenance fees - GBP500 for apartments; GBP1000 for villas

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€39,692  |  £33,208  |  US$52,742
(Currency and Foreign Exchange services supplied by Excel Currencies)
Ref 532263 
Town Marsa Alam 
Province Muhafazat Al Bahr Al Ahmar 
Country Egypt  
Type Apartment/Flat
Bathrooms
Bedrooms
Build Size 70 
Category New Build 
Listed over 1 year ago
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Property Characteristics

  • Pool:  Comunal pool
  • Views:  Sea Views
  • Garden:  gardens surrounding development
  • Parking:  Off road parking
  • Kitchen:  Fitted kitchens
  • Distance to Beach:  20 m
  • Distance to Shops:  on site shops

Map of Marsa Alam, Muhafazat al Bahr al Ahmar, Egypt


Real Estate Agent Listing this Property

Agent Azure Overseas Property Limited
Listing Since 29 November 2008
Property Listings View all properties from this agent
Azure Overseas Property Limited Logo

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Price of Property in Marsa Alam, Egypt

Property Type Min Price Max Price Median Price
(All prices in EUR) Marsa Alam Egypt Marsa Alam Egypt Marsa Alam Egypt
Apartment/Flat 19,980 1 117,100 1,450,000 29,990 39,950
House/Villa 66,165 42,000 207,499 1,600,000 - 470,000
Land/Ruins 60 60 60 60 - 692,300
Studio 18,000 6,260 18,000 103,000 - 20,903
Detached 107,000 107,000 107,000 107,000 - -

* Calculations based on 30 properties for sale in Marsa Alam and 907 properties for sale in Egypt





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