Fiesta Beach Resort

Overview

Neil (MD) of Rivermead Global Ltd giving you a little bit of information on Fiesta Beach Resort

Fiesta Beach Resort is being built by a reputable builder with a good track record and we have personally been to see previous developments to check the finish and we have been told the finish in Fiesta will be even better. Please watch the video above and then have a read of the text below, once you have decided this is the one for you just contact us using the form below and we will send you further details.

Fiesta Beach Resort is located in Al Ahyaa which is around 10 km from El Gouna and a 20 min drive from Hurghada Airport. The resort will have 3 swimming pools towards the beach area at the front of the resort and comprise of 152 apartments with a selection of studios, 1 and 2 bed apartments. You also have the possibility of joining apartments to create larger ones. The apartments on Fiesta Beach Resort are already a very good size though and much larger than other resorts, but still cheaper.

Prices from:

Studio 40.20 sqm (gross) - £12,985

Huge 1 bed 89.46 sqm (Gross) at such a low price - £28,896

2 bed 119.9 sqm (Gross) - £38,754

There are other sizes in the studio, 1 and 2 bed apartments available which we can discuss if you are interested in this beachfront resort but a 1 bed 89.46m2 (Gross) is amazing.

Updated 21st February 2018

Payment Plan

10% Reservation Fee

30% paid on signing contract (approx a month after reservation)

10% paid on completion Dec 2019

50% paid interest free quarterly payments until Dec 2019 but get the keys on completion, so the quicker you buy the longer you have to pay the 50% which means lower payments.

We can offer a 5% discount for cash purchase and multiple purchases. If buying in US$ it could be possible to get a better exchange rate and save more money by using our currency brokers in London.

Maintenance Fees

This is an annual charge which covers the upkeep and maintenance of the communal areas, such as the beach, lifts, the pool, corridors, lighting etc... The fees differ slightly depending on the size of apartment. See below:

All apartments are based on price per m2 - $9 per m2 per annum so for example the 40.2m2 (Gross) studios would be $361.80 per year with a 5% increase after 3 years

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 - $400 paid on completion of apartment and key collection

Furniture - This will depend on what items you require and Rivermead Global have been chosen as the preferred supplier on this resort. We will have a show apartment furnished ASAP. 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.

Completion Schedule

Original completion is due the end of June 2019 however the developer slowed the build down whilst he was in Cairo negotiating building supplies as currency fluctuations in Egypt along with other economical factors has meant that building costs have increased significantly. Now that the developer has successfully negotiated on building materials the construction has restarted at full speed. The delays are likely to impact completion date though and December 2019 is now what will be on contracts moving forward, though the developer is keen to complete sooner.

Location

Here is a link to a Google Map showing the exact location as you can see it is located right on the beachfront with your very own lagoon which is shallow and ideal for children - https://goo.gl/maps/ZGJKuZZEiPw

As with all our developments we will be sending owner’s monthly updates with photos and videos plus we will be posting updates on our Rivermead Global Facebook Page please use the link below to view and LIKE the page to be kept updated on this and all our amazing developments, news and offers:

Rivermead Global Facebook Page

We have our own team on the ground in Hurghada and we can arrange to show you any of our fantastic developments including Fiesta Beach Resort, 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.

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