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Old 17-10-2007, 09:24 PM
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Peter Mitry Peter Mitry is offline
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It is generally known that management fees in Sahl Hasheesh are 1€ per m2 per month. On a one bed apartment of 64m2 this comes to 720€ per annum. Compare this with a similar project in Spain where you could be paying up to 1800€ per annum for a lot less facilities. A client of mine with a 3 bed unit in Estepona is paying 480€ per month, nearly 6000€ per annum!
The fees in big resorts reflect a contribution to the vast expenses of 24 hour multi-point security, lighting, street cleaning and maintenance of public areas. At the outset it can only ever be a calculation and will normally be adjusted to reflect the true costs once the different communities are established and have they're own say.
In the smaller developments in Hurghada where there is no 24 hour security and few facilities provided it should bever be more than 20€ per month.
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