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Sea Island - Red Sea Beach Resort, Marsa Alam,

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Price & Payment Terms

Property Type GBP EUR USD AUD
1 bed Garden Apartment 44,949 53,999 71,057 66,030
1 bed Middle Apartment 40,371 48,499 63,820 59,305
1 bed Penthouse 48,695 58,499 76,979 71,533
2 bed Garden Apartment 69,505 83,499 109,876 102,103
2 bed Middle Apartment 64,510 77,499 101,981 94,766
2 bed Penthouse 81,158 97,499 128,299 119,222
2 bed Hill Lodge 165,231 198,499 261,205 242,725
3 bed Beach Lodge 172,722 207,499 273,048 253,730

 


Option 1

Installment Percentage Expected Date
Reservation Fee
€1500
Upon reservation
Balance
100% - less reservation fee
On signing Contract - Discount 5%

 

Option 2

Installment Percentage Expected Date
Reservation Fee
€1500
Upon reservation
1st Installment
50% - less reservation fee
On signing Contract
2nd Installment
15%
Start of brick-works
3rd Installment
15%
Start of plumbing and electrical works
4th Installment
15%
Start of internal finishing works
5th Installment
5%
On completion

 

Option 3

Installment Percentage Expected Date
Reservation Fee
€1500
Upon reservation
Balance
100% - less reservation fee
The balance is paid in quarterly instalments over a 24 month period

 


All prices shown are for fully furnished properties.

Option 1 Lump Sum Payment:   (5% DISCOUNT) Payment in full is expected upon signing  the contract. All monies are held in trust (similar to UK Escrow) and released to the developer when pre-set conditions/stages of construction have been satisfied.

Option 2 Instalment Payments:  An initial installment of 50% is payable upon signing the contract. The remaining 50% is payable in 4 installments over the construction period. The exact date of the installments will depend on construction progress.

Option 3 Deferred Payments:   The quarterly payments are spread over 24 months (regardless of purchase date) and commence on the date of signing the contract. 

NOTE: Option 3, the deferred payment option incurs a 10% surcharge which is added to the the total purchase price prior to calculation of the quarterly payments.

 

 

 

 

 

Property Overview Location Project Facilities Price & Payment Terms Gallery & Floor Plans Make an Enquiry