Low cost luxury apartments in Nabq Bay, Sharm El Sheikh

[ERG Experts]

Situated only ten minutes from the airport, this development is in a beautiful location, surrounded by natural views of the mountains and sea. The development features 12 buildings, made up of studios and one bedroom apartments (2 or 3 bedroom apartments can be made up). The apartments are situated in grounds secured for the safety and tranquility of its residents by a perimeter wall with access control. Designed in a Mediterranean style the Mashareq project offers its resident's lots of outside space whereby each apartment has either a balcony or terrace and top floor apartments benefit from spacious roof terraces, ideal for those who wish to enjoy the warm Egyptian sun.

Mashareq is surrounded by luscious landscapes including two clear blue swimming pools. Buyers also benefit from all the amenities and facilities of the luxury 4 star hotel next door (owned by the developers of these wonderful apartments) including 10% discount on food and beverages.
The development also boasts a private beach just a 10 minutes walk away (there is also a regular free shuttle bus to the beach provided).

Facilities and Amenities
large pool with waves & a heated pool
2 swimming pools with water slides for the children
Private beach with free use of beach towels
Free shuttle bus to the beach
Children's play area
Fitness centre
On site bars and restaurants
Supermarket
Boutiques
Pharmacy
Clothes shops
Daytime and evening activities for children and adults.
Baby sitting facilities available.
Free transport to Naama Bay

Local Area/Activities
Scuba Diving
Boat trips
All water sports
Horse riding
Go Karting
Golf
Cinema
Bars and restaurants

Prices:
4 800 LE per 1 sqm - mountain view apartments
5 000 LE per 1 sqm -swimming pool view apartments
For top floor apartments please add 15m2 to the total property price to include the private enclosed roof terrace

Studio - 50m2 - 240,000 EGP
One bedroom - 55, 60, 65, 70 m2 - prices from 264,000 EGP

Two bedroom and three bedroom apartments can be made up on request.

Payment Terms
Only 30 % deposit and rest for 3 years-interest free credit.
£1000 reservation fee (non refundable) is required to reserve the apartment of your choice. You will receive contracts within 10 working days, simply return the contract duly signed, then 30 % is payable at this time.
You then have two options. You can pay the whole amount at this time and enjoy 5% discount on the total cost price or pay 12 quarterly payments, interest free.

Maintenance
Maintenance consists of the following:
Landscaping in and around the property.
Security.
Housekeeping twice weekly, linen and towels provided.
Instant call out and repairs for any emergencies.
External painting, every 5 years.
Please note, a separate small charge for water and electricity is payable locally.
Maintenance costs are as follows:-
Studios are £25 monthly.
1 bed apartments are £32 monthly.
Others available on request.

Building Schedule
12 buildings
1st phase - completion within 1 year
2nd phase – completion within 2.5 year

Building specification

Plumbing system
Internally, pipe in pipe to give 100% security against leaks and makes for easy repairs.
Externally, plumbing completed to necessary level for eventual connection to the project central sewage system.
(extra piping and manholes etc.)
External doors and windows:Sliding anodised aluminium.
Doors
Entrance doors, alloy panel door.
Fire system

Property Management
Property management is available as renting through the hotel as hotel rooms.
Contract minimum 6 month