Let me tell you a little bit about Al Ayhaa Paradise, video taken Dec 2018
These apartments are being built in Al Ahyaa and ideally located on the main road to El Gouna. The area is still new so the infrastructure is not as established as other places however, this is reflected in the prices. In Tiba Resort next door there is a cafe, supermarket and other shops in the process of opening, so the area is starting to come alive.
You are also just a short drive to the famous luxury resort of El Gouna (www.elgouna.com) where you will find everything you need and lots you don't need but they are available.
What sets Al Ahyaa Paradise apart though from other resorts is the price and the payment plans we have managed to negotiate, this is the lowest priced resort we have ever come across. You also have the option of joining apartments to create larger apartments. We have done this for clients on other developments looking at buying 2, 3 or more units to join together to create a larger bespoke apartment. With the low prices and long payment plans it makes it a very viable option.
Studio apartments from $6,857 approx £5,500
1 bed apartments from $12,571 approx £10,000
After negotiating with the developer face to face when I met him in Dec and since returning via email, we have managed to get our clients the following payment options (others haven't had these plans):
10% reservation fee
25% on contract signing
15% on completion end of Dec 2019
50% paid interest free in monthly/quarterly payments over 30 months
We can also offer a 5% discount for cash.
As these are sold in US$, the Sterling price is for guidance only, but if paying cash we could get better exchange rates from our brokers in London and save you even more money.
Additional buying costs
Independent Solicitor – The one we recommend charges our clients £600 for all legal searches, contract review AND includes the Signature Validation, paid after reserving the property and before any contracts are signed. It also includes all government fees/official translator fees and covers the cost of the lawyer picking you up from your hotel/apartment and driving you to the various offices and back home again.
Connection to utilities - $300
Furniture - This will depend on what items you require and Rivermead Global have been chosen as the preferred supplier as we have our own furniture company and have been furnishing properties in The Red Sea since 2009. You are of course free to choose your furniture from anywhere, but we will be offering our clients some great deals and special offers when the time comes to furnish.
This is an annual charge which covers the upkeep and maintenance of the communal areas, pool, and the security etc...
The fees are a one off payment which is 15% of the property price, that is all the maintenance fees you need to pay and as this is paid before getting the keys it means everyone will have paid their maintenance and it avoids non payment. This is now being used on a lot of new developments ensuring the maintenance is always carried out and owners can't avoid paying.
Completion is due 31st Dec 2019
Here is a link to a Google Map showing the exact location, you will see how close it is to the sea and El Gouna - https://goo.gl/maps/d8mNdgc4WbC2
Facebook and updates
As with all our developments we will be sending owner's monthly updates with photos and videos plus we have an Al Ayhaa Paradise Facebook Page and this will soon have an Owners Group linked to it, please go and LIKE this page as we will be uploading new photos and videos to it:
We have our own team on the ground in Hurghada and we can arrange to show you any of our fantastic developments including Al Ahyaa Paradise, plus give you a tour of Hurghada if you are not very familiar with it. All you need to do is contact us below, it is as easy as that, we can then email you the plans/payment terms/photos or anything else you require.