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Full details
Oasis Marina is an exciting new beachfront development located in the fast emerging Al-Ahyaa area between Hurghada and El Gouna. Benefiting from a vast private beach on the opposite side of the new promenade from the development, the project consists of just 660 apartments and a hotel. This ensures that there is more than enough room for everyone to enjoy the wide, golden beach and the unspoiled turquoise waters of the Red Sea.
With a wide range of apartment sizes ranging from 45m2 studios up to 100m2 two bedroom units, there is something suitable for everyone on this development. Units are supplied either on a finished or a turnkey basis, allowing buyers to move in straight away without the hassle of having to source all their own furniture. Better still are the wide range of payment options available. Cash buyers will be attracted by the fact that there are up to 25% discounts for fast payment. At the opposite end of the scale, those needing longer to pay will be attracted by a unique deal whereby buyers only need to pay 60% of the purchase price in cash over the course of the build of the project, with the remaining 40% being covered by a guaranteed rental scheme over a period of five years.
Phase One of Oasis Marina has recently been launched onto the market. As a result, the best apartments in the resort - those closest to the beach - are still available.
Location:
Oasis Marina is located in the fast developing Al Ahyaa district to the north of Hurghada, just 3km from the luxury resort of El Gouna, famed for its lagoons, marina and PGA Championship golf course. The centre of Hurghada with its wide variety of shops, clubs and nightlife, is a little over 15 minutes away by taxi, as is Hurghada International Airport.
This frontline beach development is in a newly zoned area in front of a promenade which stretches around the bay, allowing visitors to stroll along the beach for miles, enjoying the view.
Facilities & Benefits:
Frontline property with access to own private beach
Beach front and sea view for over 70% of apartments
Large, heated swimming pools with children's sections
Large communal roofs with breathtaking sea views
10 year construction apartment warranty
All properties are completed to European standards
Ten minutes from the PGA Championship golf course in El Gouna
Main reception area offering hotel style service
Health club plus beauty and gym sections
Diving and Aqua centres including kite surfing
Four restaurants offering a variety of cuisines
Various shops including mini market, pharmacy, cafe bar with Internet business centre
Laundry service which also offers rental changeovers
Pickup service including airport collections
Sight-seeing tour operator
Key handling rental management service
Satellite and telephone points plus air conditioning units and fitted kitchens pre-installed
Management fee guaranteed capped for 3 years
Full post service maintenance and repair service
Manned 24-hour gated security
Annual maintenance fee of £800/year
Prices:
Oasis Marina has a wide range of pricing and payment options so everyone is sure to find a plan that is right for their own personal circumstances.
Standard Finishing
Below are the standard prices for a regular finished apartment without furniture, but including air conditioning and fitted kitchens.
Buyers who are able to pay for the apartment outright within a period of eight weeks from contract can obtain a 25% discount from these prices.
Buyers who are able to pay for the apartment outright within a period of thirty weeks from contract can obtain a 20% discount from these prices.
Studio Apartments from 32m2 to 69m2 - Prices from £27,198 - £53,765
1 Bedroom Apartments from 45m2 to 82m2 - Prices from £37,051 - £61,983
2 Bedroom Apartments from 90m2 - 100m2 - Prices from £67,009 - £73,315
Complete Turnkey Solution
Apartments at Ocean Marina can also be supplied on a full turnkey basis complete with full furniture - all you need to move in the same day!
As is the case with the standard finishing solution, cash buyers can benefit from some large discounts:
Buyers who are able to pay for the apartment outright within a period of eight weeks from contract can obtain a 25% discount from these prices.
Buyers who are able to pay for the apartment outright within a period of thirty weeks from contract can obtain a 20% discount from these prices.
Studio Apartments from 32m2 to 69m2 - Prices from £35,873 - £64,810
1 Bedroom Apartments from 45m2 to 82m2 - Prices from £45,728 - £74,578
2 Bedroom Apartments from 90m2 to 100m2 - Prices from £79,622 - £85,931
Discounted Prices from Guaranteed Rental Scheme
Buyers of complete turnkey solution apartments can benefit from an innovative payment structure whereby they pay only 60% of the price of the apartment over the period of the build, with the remaining 40% being paid over a period of five years through entering into the developer's Guranteed Rental Scheme, which offers an 8% return each year on the price of the turnkey units.
Below are the cash prices that are payable, representing 60% of the regular price for the turnkey apartments:
Studio Apartments from 32m2 to 69m2 - Prices from £21,533 - £38,890
1 Bedroom Apartments from 45m2 to 82m2 - Prices from £27,428 - £44,738
2 Bedroom Apartments from 90m2 to 100m2 - Prices from £47,782 - £51,551
For full details of when payments are due under each variation of the pricing scheme, please refer to the Payment Schedule.
Finishing:
Oasis Marina's standard finishing includes all the following items:
Polished ceramic tiles throughout
Tiling in bathrooms and kitchens
Windows and doors installed throughout
Rendered walls painted
Electrical installation with power points and light switches
Pre-installation for digital TV and telephone sockets
Fitted base units, stainless steel sink with mixer taps and granite worktop in kitchen area
White porcelain sanitary fittings in bathroom (toilet, sinks and bath/shower) with mixer taps
Split unit air conditioners in bedrooms and living rooms
Completion:
Construction on Oasis Marina started in July 2008. Completion of Phase One is scheduled for December 2009. The entire resort is sceduled for completion in December 2010.
Payment Schedule:
As has been explained under Prices, there are many different payment options for buyers of apartments at Oasis Marina. Here are the payment plans for each of the variations:
Regular Payment Plan
This applies to units that are bought with standard finishing or as a complete turnkey solution:
20% reservation fee (fully refundable up to 30 days from reservation)
20% within 8 weeks of signing the contract
60% upon completion.
25% Discount Option
To obtain a 25% discount on either the standard finishing or complete turnkey solution prices, buyers would need to make the following payments:
20% reservation fee (fully refundable up to 30 days from reservation)
80% within 8 weeks of signing the contract
20% Discount Option
To obtain a 25% discount on either the standard finishing or complete turnkey solution prices, buyers would need to make the following payments:
20% reservation fee (fully refundable up to 30 days from reservation)
50% within 8 weeks of signing the contract
30% within 30 weeks of signing the contract.
Guaranteed Rental Option
Perhaps the most interesting option, and one that is unique to Oasis Marina, is the Guaranteed Rental Option. This is only available on full turnkey packages.
Under this system, buyers pay only 60% of the price of the property in cash. The remaining 40% is paid by the developer through renting out the property for 40 weeks per year for a period of five years. The remaining 12 weeks per year are available for use by purchasers.
The payment schedule for this option is as follows:
20% reservation fee (fully refundable up to 30 days from reservation)
20% within 8 weeks of signing the contract
20% upon delivery
Property reference: fapa_Dev5421
Disclaimer: Property details, prices and availability are supplied by the developer or the agent and are subject to change. findaplaceabroad.com cannot be held responsible for any inaccuracies.
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