Ocean View Hurghada

Overview

Updated 9th Feb 2018 : These apartments are being built by a builder who normally builds in Cairo, he has 2 projects in Hurghada this one and another one by the Marina we are also marketing. We have met him personally and visited both projects, having initially discussed these in Oct when we were in Hurghada it has taken us until now to get everything we needed to bring them to the market properly. Our lawyer has been through the papers and they are 100% correct, so we are now able to launch them for sale, please have a read of the information below and watch the video first (it was taken early evening hence it looks a bit dark).

These apartments are being built in what has to be one of the most enviable locations along The Red Sea Coast in Hurghada, with breathtaking views over the crystal clear waters. Anyone that knows Hurghada, knows the opportunity to buy in this location only comes around a couple of times in a lifetime, don't miss out on this one.

This type of land is Premium land and like everywhere in the world, Premium land and views come at a cost, which you can see with the development next door to Ocean View Hurghada. However, in Ocean View you aren't paying the same high prices, well not yet anyway because if these get snapped up I can see the developer trying to increase the prices, so don't delay.

There are 4 different sizes being built on 4 floors, all 2 bed and 1 bath as follows:

88sqm (gross) - €60,720

91sqm (gross) - €62,790

117sqm (gross) - €80,730

120sqm (gross) - €82,800

Payment Plan

After negotiating with the developer face to face we have managed to get  Rivermead Global Ltd clients the following payment options:

  • 10% reservation fee
  • 30% on contract signing
  • 60% paid interest free over 18 months

We can also offer a 5% discount for cash purchases

Maintenance Fees

This is an annual charge which covers the upkeep and maintenance of the communal areas, and the interior extras like WiFi/CCTV/Security etc...

The fees are 6,000le per annum for each apartment

Additional buying costs

Independent Solicitor - The one we recommend charges our clients £500 for all legal searches, contract review AND includes the Signature Validation, paid after reserving the property and before any contracts are signed.

Connection to utilities - Due to price of this changing week on week it is difficult to give a set price however, it is currently around 3,000le, and will be similar in the future

Furniture - This will depend on what items you require and Rivermead Global 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.

Completion Schedule

This development being only 16 apartments is due completion end of Dec 2018, the developer tells us it will be sooner but we would rather give a longer date to be sure.  During our recent visit in Dec 2017 we were very impressed with the speed he is building.

Location, Location, Location

Here is a link to a Google Map showing the exact location, the opportunity to buy in this location doesn't come around very often - https://goo.gl/maps/eEbeq4g1tV32

As with all our developments we will be sending owner's monthly updates with photos and videos plus we have an Ocean View Hurghada 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:

https://www.facebook.com/Ocean-View-Hurghada-129868114365434/

We have our own team on the ground in Hurghada and we can arrange to show you any of our fantastic developments including the Marina View Hurghada, 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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