Egyptian Apartment for Sale in Sharm El Sheikh - Egypt - Ref 638682
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Apartment/Flat Description
Sierra Resort is a complex located right in the very heart of Sharm el-Sheikh's fastest growing area - Nabq Bay. It consists of a four-star hotel complex together with a little over 400 luxurious apartments.
Whatever visitors are looking for from a holiday, they will find it right on their doorstep at the Sierra Resort, with sandy white beaches just ten minutes walk from the resort, and the most upmarket shopping a short stroll away down the street. Despite being right in the very heart of the region, Sierra Resort is such a low-density project, built on such a large plot, the place is so tranquil that you would never know that you were right in the middle of everything.
With such a perfect location and highly affordable prices, its hardly surprising that the Sierra Resort has been a runaway success, with the vast majority of the apartments already sold. There are still, however, apartments of all sizes still available in Phase Two of the development.
Being part of a hotel complex gives investors additional opportunities, as there are opportunites for good rental income through using their hotel management services.
Sierra Resort is located in Sharm el-Sheikh's fastest growing area and most upmarket area - Nabq Bay - which is situated in the north of the town.
Sierra Resort is a second-line development, right in the very heart of the area, with a variety of upmarket shopping malls, bars and restaurants within easy walking distance
Beach lovers will love the fact that white sandy beaches overlooking Tiran Island are just 8-10 minutes walk away, while golf players will be delighted to know that a new 18-hole course is just 5 minutes away by taxi. One of Sharm's two natural parks featuring mangrove swamps is also just five minutes away by taxi as well.
Sharm el-Sheikh International Airport is less than 10 minutes drive from Sierra Resort, with the many attractions and buzzing nightlife of Naama Bay a little over 15 minutes away.
Facilities & Benefits
* An 8-10 minute walk to a variety of beautiful sandy beaches
* Pool views from all apartments; sea views from most top-floor apartments
* Next door to all of the main shopping and entertainment areas in Nabq Bay
* More than 10 swimming pools on site
* Lush tropical gardens
* Low density development containing a low ratio of buildings
* On site shops and restaurants in the attached hotel and shopping mall
* On site hypermarket
* Parking spaces
* Centralized satellite television
* Wifi Internet coverage throughout
* Housekeeping service
* 24 hour security
* Full management service available through the attached hotel
* Maintenance fee: one-time payment of LE15,000 (around GBP1430) for one-bedroom units, or LE30,000 (around GBP2860), fully refundable upon sale.
Finishing
* Ceramic floor tiles throughout
* Aluminium powder coated windows frames and balcony doors
* Rendered walls painted
* Internal fire-retardant doors imported from the UK
* All electrical power points and light switches
* Sockets for telephone
* Smoke detector connected to the fire alarm system of the hotel
* Stainless steel sinks with mixer taps in kitchen
* Plumbing for washing machine
* Ideal Standard toilet, washbasin and shower
* Ceramic wall tiles in bathrooms
* Pre-installation for airconditioning
Phase One of Sierra resort was completed in March 2008. Completion of Phase Two of the resort is scheduled for February 2009.
Payment Schedule
* Reservation fee of LE10,000 (just under GBP1000) fully refundable within seven days (cooling-off period).
* 35% upon contract
* 65% in quarterly installments over a period
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€43,029 | £36,000 | US$57,177 (Currency and Foreign Exchange services supplied by  )
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| Type |
Apartment |
| Bedrooms |
1 |
| Category |
New Build |
| Listed |
over 1 year ago |
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Map of Sharm el Sheikh, Muhafazat Janub Sina', Egypt
Real Estate Agent Listing this Property
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Latest Property News in Egypt
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Price of Property in Sharm el Sheikh, Egypt
| (All prices in EUR) |
Sharm el Sheikh |
Sharm el Sheikh |
Sharm el Sheikh |
| Apartment/Flat |
15,010 |
1 |
1,450,000 |
1,450,000 |
429,376 |
39,950 |
| House/Villa |
96,800 |
42,000 |
1,600,000 |
1,600,000 |
- |
470,000 |
| Townhouse |
137,777 |
74,407 |
208,000 |
376,970 |
- |
153,307 |
| Penthouse |
75,288 |
22,000 |
75,288 |
128,947 |
- |
- |
| Studio |
25,600 |
6,260 |
46,800 |
103,000 |
- |
20,903 |
* Calculations based on 225 properties for sale in Sharm el Sheikh and 916 properties for sale in Egypt |
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