The Overseas Property Investment Forum

realestatemart · #1 06-05-2008, 11:53 PM

Oasis Marina is an exciting new beachfront development

OverView:

Located in the fast emerging
Al Ahyaa area between Hurghada and El
Gouna.

Benefitting from a vast private beach on
the opposite side of the new promenade from
the development, the project consisting 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 32m2 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 just been
launched onto the market. As a result,
the best apartments in the resort those
closest to the beach are still available, including
some units in villas that are directly facing the
sea usually only found in large villas costing
over GBP250,000.

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 wde
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
apartment
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
center
Laundry service which also offers rental
changeovers
Regular shuttle bus to both Hurghada
and El
Gouna
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 24hour gated security

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 32m2 for 25300GBP
Studio 45m2 for 34466GBP
1 bed 67m2 for 51040GBP
Studio 69m2 for 50014GBP
1 bed 79m2 for 55880GBP
1 bed 82m2 for 57640GBP
2 bed 90m2 for 62334GBP
2 bed 100m2 for 68200GBP
1 bed villa apt. 78m2 for
61050GBP
2 bed villa apt. 86m2 for
66226GBP

The one and two-bedroom villa
apartments
listed at the bottom are right at the front
of
the development, directly facing the sea -
a
real rarity for apartments as such views
are
usually reserved for very expensive large
villas. This is why there is a price
supplement
for these units.

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 32m2 for 33370GBP
Studio 45m2 for 42538GBP
1 bed 67m2 for 61307GBP
Studio 69m2 for 60288GBP
1 bed 79m2 for 66147GBP
1 bed 82m2 for 69375GBP
2 bed 90m2 for 74067GBP
2 bed 100m2 for 79936GBP
1 bed villa apt. 78m2 for
71320GBP
2 bed villa apt. 86m2 for
77956GBP

Discounted Prices from Guaranteed Rental
SchemeBuyers 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 32m2 for 20030GBP
Studio 45m2 for 25518GBP
1 bed 67m2 for 36787GBP
Studio 69m2 for 36168GBP
1 bed 79m2 for 39687GBP
1 bed 82m2 for 41634GBP
2 bed 90m2 for 44447GBP
2 bed 100m2 for 47956GBP
1 bed villa apt. 78m2 for
42800GBP
2 bed villa apt. 86m2 for
46776GBP

For full details of when the payments are
due
under each variation of the pricing
scheme,
please refer to the Payment Schedule.

Payments for this development are
payable in
GBP. The prices in other currencies are for
illustration purposes only and will vary
according to current exchange rates. See
below to calculate actual prices at today’s
exchange rates.

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
With the development's full turnkey
package,
your apartment would be ready to move
into
upon receiving the key. A variety of
colours
and styles of furniture are available.

Completion

Construction on Oasis Marina started in
February 2008. Completion of Phase One
is
scheduled for end 2009.

Payment Schedule

As has been explained on the Prices
section of
the site, 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:

10% reservation fee (fully refundable up
to 30
days from reservation)
30% 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 6 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:

10% reservation fee (fully refundable up
to 30
days from reservation)
30% within 8 weeks of signing the
contract.
20% upon delivery.