Manta Resort in Hurghada

[propertastic]

Originally Posted by scubbydo

Hi, the latest I have heard is the development is on hold due to council planning permission, apparently they submitted plans for a jetty the council turned them down so they were going to continue with the original plan, but the council made them re-submit all the original plans again and thats what the hold up is, obviously if they get the go ahead it won't be completed December 2008 as agreed they offered a refund a couple of months ago due to the fact they couldn't give a completion date. I stuck with the development, but the lack of information from the agent is driving me crazy. It would be good if I could find other people who have bought on this development.

Regards
Scubbydo

They have been telling the same story now since I was first over here in October. As slow as the authorities are in Egypt, it doesn't take six months to get new plans approved.

The developer of Water House Project which is two plots away from the Manta Resort plot is already well advanced in their plans to put a different development on this plot.

My advice is to take the refund.

[queenie40something]

Has anyone any updates on this devlopment?

[propertastic]

Still waiting for news of the new development on the site.

The developer is very thorough and I know that he won't launch until all of the permits are in place. And this is not a very swift process as anyone buying a beachfront development in Hurghada will know by now.

So don't hold your breath - it could be months still before the project is announced.

[Manta]

Hi everyone my name is Nasser I’m then new IT manager for Manta Real Estate Co.
Yes there was few problems with Manta’s website but now its up and running, up to date with the new reduced prices Related to the global crisis which all people are facing now, comparing with all the surrounded projects prices, now manta’s projects in the most suitable prices with extra facilities such as (swimming pool, Kids Club, lovely land scalping, wonderful Annual membership for Beach use offer, and much more.. )
For more information please visit our (New look) website
I’m open for any suggestions or new ideas
Regards to all

[Manta]

Hi its me again
I saw that some Investors here are worried and asked about manta Resort, so I would like to clear things up,

Manta Real Estate Development Hurghada – Egypt
The company owns 3 Developments in Hurghada City

1 Royal Manta 80% Sold
Royal manta is an apartment’s compound all with sea view in front of Old Vick Resort
Apartment’s sizes start from 48 sqm to 140 sqm
90 % of the construction is already done and the completion will be in 4 months.

2.Queen Manta 30% Sold
Queen manta is a 5 floors building at Hurghada down town Elaroussa Square in front of Souvenir Hotel, Sea view from the third and fourth floors sizes start from 42 sqm to 75 sqm prices start from 2700 LE per sqm
The completion will be in October 2010

3. Manta Beach (Resort)
Manta Real Estate Development BOUGHT & REGISTERED the Land at 2006,this land had already the Internment Projection agreement at 1995 for , license to create 20 m lagon, license for create 2 Islands, And license for 350 m Marina.
And Manta got the council planning permission and all the other necessary permissions so we started to sale at 4500 LE per sqm and to prepare to build,
New law shows up not to allowed most of this license motioned before
and new organization start in Hurghada called (Beaches protection)
so we had to start all the license over

and it toke us two good years to get all that license Done
we told all our Investors after we found out that we have to start all over the Story and we gave them a choice to wait or to refunded without predicting anything from the money they paid
some they choose to take the money (and they had it) and some agreed to wait and to keep investing with us as they found the prices Next door is 11,000 LE per sqm
so now all the necessary license and permission is done and we are ready to build we are just waiting to the world Economy crises to get better so we can start to build and to market for it.
All the official papers and the licenses are in our office. Anyone is welcome to visit us and to see it if he want.

Regards

Office Address is:
Airport Road in front of Rajack School
Above Iraeda Furniture
3rd Floor
Tel.: +2 065 355 78 19
Fax.: +2 065 355 76 83
Mob.: +2 016 11 88 617