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Old 27-07-2008, 09:38 AM
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Peter Mitry Peter Mitry is offline
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Default New Resort Coming Soon

Please keep an eye on the premium section for details of two new projects coming to the market very soon.

The first is on 44000m2 of land adjacent to the Saudi Palace in Al Ahiaa; this will be probably the most luxurious development on this section of coast to be announced this year. It will consist of a five star hotel to be managed by one of the worlds top international hotel groups, 20 private villas on the beach and 260 luxury beachfront apartments. The resort will have 375 metres of private beach, together with designer shops, restaurants and a leisure club with fitness centre and spa.

Most importantly, it ill be launched with full Due Diligence already in place, building licence and contracts already prepared. All payments will be through a UK lawyers escrow account giving security to buyers and agents alike.

The second project will be a small boutique Development in Sahl Hasheesh with views over the links golf course directly to the sea. This will consist of just 48, studios, one and two bed apartments and penthouses and will have its own pools and gardens and access to a small private beach. Once again, this project will be launched once all permissions have been confirmed, the contract is prepared and once launched there will be no delays.

Many buyers are justifiably fed up with the constant uncertainty which follows buying in to a project where all of the administration and permits are not in place before the project goes to market.
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