sierra resort, egypt
Overview
Sierra Resort is a complex located right in the very heart of Sharm el-Sheikh's fastest growing area - Nabq Bay. It consists of a four-star hotel complex together with a little over 400 luxurious apartments.
Whatever visitors are looking for from a holiday, they will find it right on their doorstep at the Sierra Resort, with sandy white beaches just ten minutes walk from the resort, and the most upmarket shopping a short stroll away down the street. Despite being right in the very heart of the region, Sierra Resort is such a low-density project, built on such a large plot, the place is so tranquil that you would never know that you were right in the middle of everything.
With such a perfect location and highly affordable prices, its hardly surprising that the Sierra Resort has been a runaway success, with the vast majority of the apartments already sold. There are still, however, apartments of all sizes still available in Phase Two of the development.
Being part of a hotel complex gives investors additional opportunities, as there are opportunities for good rental income through using their hotel management services.
Location
Sierra Resort is located in Sharm el-Sheikh's fastest growing area and most up-market area - Nabq Bay - which is situated in the north of the town.
Sierra Resort is a second-line development, right in the very heart of the area, with a variety of up-market shopping malls, bars and restaurants within easy walking distance
Beach lovers will love the fact that white sandy beaches overlooking Tiran Island are just 8-10 minutes walk away, while golf players will be delighted to know that a new 18-hole course is just 5 minutes away by taxi. One of Sharm's two natural parks featuring mangrove swamps is also just five minutes away by taxi as well.
Sharm el-Sheikh International Airport is less than 10 minutes drive from Sierra Resort, with the many attractions and buzzing nightlife of Naama Bay a little over 15 minutes away.
Facilities & Benefits
- An 8-10 minute walk to a variety of beautiful sandy beaches
- Pool views from all apartments; sea views from most top-floor apartments
- Next door to all of the main shopping and entertainment areas in Nabq Bay
- More than 10 swimming pools on site
- Lush tropical gardens
- Low density development containing a low ratio of buildings
- On site shops and restaurants in the attached hotel and shopping mall
- On site hypermarket
- Parking spaces
- Centralized satellite television
- Wifi Internet coverage throughout
- Housekeeping service
- 24 hour security
- Full management service available through the attached hotel
- Maintenance fee: one-time payment of LE15,000 (around GBP1430) for one-bedroom units, or LE30,000 (around GBP2860), fully refundable upon sale.
| Type | m2 | GBP | EUR | USD |
| 1 Bed (Middle Floor) | 60 | 36000 | 44750 | 65700 |
| 1 Bed (Ground/Top Floor) | 60 | 40000 | 49720 | 73000 |
| 2/3 Bed (Middle Floor) | 120 | 72000 | 89500 | 131000 |
| 2/3 Bed (Ground/Top Floor) | 120 | 80000 | 99450 | 146000 |
The 120m2 units in this development can be fitted out as either two-bedroom or three-bedroom units.
Top floor apartments come with a private roof terrace of 60m2; ground floor apartments come with a private garden.
Payments for this development are payable in GBP. The prices in other currencies are for illustration purposes only and will vary according to current exchange rates. See below to calculate actual prices at today’s exchange rates.
Cash buyers paying 100% of the cost of the apartment upon contract can obtain a discount of 7% from the standard prices.
Investors looking to buy an entire block of six units and paying all in cash are able to receive additional discounts from standard prices.
Finishing
- Ceramic floor tiles throughout
- Aluminium powder coated windows frames and balcony doors
- Rendered walls painted
- Internal fire-retardant doors imported from the UK
- All electrical power points and light switches
- Sockets for telephone
- Smoke detector connected to the fire alarm system of the hotel
- Stainless steel sinks with mixer taps in kitchen
- Plumbing for washing machine
- Ideal Standard toilet, washbasin and shower
- Ceramic wall tiles in bathrooms
- Pre-installation for air-conditioning
Phase One of Sierra resort was completed in March 2008. Completion of Phase Two of the resort is scheduled for February 2009.
property details
| Location: | Sharm el Sheikh |
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