Plot and Project Location
· Nabq Bay is an area north of Sharm el Sheikh Airport. Being recently commissioned (3 years ago) Nabq Bay has seen an explosion of development and low cost properties.
· La Sirena Resort in Sharm el Sheikh is found close to the Nabq National Park, renowned for its nature and scenic location.
The beach and the magnificent Red Sea with its abundance of underwater life is also only a short walk away.
· 10 minutes drive from Sharm el Sheikh International Airport and 15 minutes to the Naama Bay town centre.
Plot area 20,500 sqm located in between both Ring RD.and Peace RD.With Peace RD.bordering on the sea side and right side of the project (north).
This allows for excellent access to 2 main arteries running through Nabq Bay and Sharm el Sheikh and forgoes any need for further roads to be built to gain access to the development.
The project lies adjacent to Mangrove National Park (North) and the Sinai Golf City (Nabq Golf Course) (West). With hotels laying directly in front (East) and South and South East.
The uniqueness of the location of the project lies in the proximity to the sea (being a true second line development) and having the National Park to the north.
Project specifications and description
· La Sirena consists of 255 residential units attached to the 4 star hotel La Sirena Resort Hotel, plus a limited amount of commercial space directly tailored to serve the residential area.
· The project is totally landscaped throughout allowing residents to enjoy lush green tropical gardens and water features. The centerpiece of the project is a giant swimming pool with specific areas dedicated for the safe enjoyment of children.
· There is a further two pools adjacent to the smaller apartment blocks on the first line at the entrance of the development.
· Residents in the upper floors of the last line will enjoy an excellent sea view, together with remarkable panoramic views of the whole of Nabq Bay, the golf course and Sinai’s unique mountain backdrop
· The entire development will enjoy excellent landscaping and continued maintenance.
The Professional Estate Management team on-site will provide all the latest services and amenities ensuring maximum security and comfort for the residents and guests
· The residential buildings have been carefully designed to allow clients to modify the interiors to their own specifications.
· All properties will be equipped with DSL internet, Satellite TV.
Services
· 24-hour estate security system
· Building exterior maintenance
· Pest control
· Management and cleaning of common and swimming pools
· Landscaping
· Building accountancy
· Engineering services, management of common facilities, etc.
· Garbage collection and general cleanliness
The cost will be 70 LE per sqm, per year (average 393£ a year)
·Price & Payment Terms
This residential project is a real find, at excellent value and affordable prices that are sure to fit even the tightest budget.
· 20% Deposit in 30 Days of reservation
- 70% over 2 years in a client/developer agreed payment plan with 0% Interest
- 10% discount for cash payment
- Variable discount for purchase of 9 or more units
- Open for sale – July 10, 2007
· The current flat sizes are:
· Studios: 42 & 45 sqm
· 1 Bedrooms: 60, 71 & 75 sqm
· 2 Bedrooms: 85 & 120 sqm
Guarantees
ü Building Guarantee From the date of delivery & completion of the said unit & development as a whole the first party agrees to guarantee all building works structurally, both internal & external for a period of 10 years. Internal works which include plumbing, electricity & all other finishing's carried out by the first party are guaranteed for a period of two years. Any defects will need to be remedied within 45 days of notification to the first party.
ü Rental Guarantee of 9 % for 3 years with allowance of 4 weeks (2 high season and 2 mid season) for owner occupation.