Moubarak 7 - Page 5

propertywatch1 · #41 05-01-2008, 02:37 PM

Hi Lyndsay

We have decided to sell our villa on Mubarek 7 ...we have the top quarter on phase 1.
So we have 120 sq mtr and 120 sq mtr roof which has a bedroom and bathroom on it.
Plus a bbq and large seating area.
There are 3 bedrooms 3 bathrooms...3 balconies...one of which is very large off the lounge.We had a kitchen hand built and a really nice marble counter/breakfast bar.
All the hand made furniture is included in the sale which was designed and built to fit each room.
The phase 1 area has large grounds around each plot ours has a huge are at the front rear and side so we aren't close to the next villas...unlike the new phase.
We are asking in the region of £55k.
There are some pics off the villa and furniture on this forum...but we have pics from start to finish which i can send via an email...just pm me for details.

Derek

lyndsay552 · #42 05-01-2008, 02:41 PM

What's your reason for selling? Are you staying local?

propertywatch1 · #43 05-01-2008, 03:23 PM

We have decided to sell and reinvest off plan.
Because we are already settled here in our apartment we decided that we can sell the villa and use the money to buy an off plan project because for us as we are living here it doesn't matter if it takes 2 years + to complete.
As finishing your own villa can take up to 12 months with lots of stress because there are not many finished on Mubarek 7 especially to the standard of ours we thought that this would be a good time to sell.

egypt · #44 07-01-2008, 03:37 PM

Quote:

Originally Posted by Redsea Furniture

We have decided to sell and reinvest off plan.
Because we are already settled here in our apartment we decided that we can sell the villa and use the money to buy an off plan project because for us as we are living here it doesn't matter if it takes 2 years + to complete.
As finishing your own villa can take up to 12 months with lots of stress because there are not many finished on Mubarek 7 especially to the standard of ours we thought that this would be a good time to sell.

Hi Derek,

Could you please send me the pictures of your place as am interested in buying something here.

Thanks

redseasound · #45 10-01-2008, 11:29 PM

my god are these prices REAL? i think your investing in a different hurghada to the one im living in!!!

awahee123 · #46 11-01-2008, 01:05 PM

Hi redseasound,

Come on then you can let us in on what we should be paying for this kind of development.

redseasound · #47 11-01-2008, 02:11 PM

you pay what you think you should but my opinion is that these developers and anyone else in hurghada right now is trading on a bubble. the laws of supply and demand are that if you have lots of something and the demand is low then the price should be low right, so how come that doesnt seem to work in hurghada, there are 1000's of properties right now and demand is not huge whatever these people tell you, yet the price is still high!?

i dont want to comment on what i should think a price of a moubarak 7 villa is exactly as it's opinion and down to choice, but personally i think the market is way to high!

propertastic · #48 11-01-2008, 02:22 PM

Quote:

Originally Posted by redseasound

you pay what you think you should but my opinion is that these developers and anyone else in hurghada right now is trading on a bubble. the laws of supply and demand are that if you have lots of something and the demand is low then the price should be low right, so how come that doesnt seem to work in hurghada, there are 1000's of properties right now and demand is not huge whatever these people tell you, yet the price is still high!?

i dont want to comment on what i should think a price of a moubarak 7 villa is exactly as it's opinion and down to choice, but personally i think the market is way to high!

What do you think prices are high in comparison with?

If you think that there isn't much demand in Hurghada, why are you setting up business in real estate in the area?

I'm just curious!

redseasound · #49 11-01-2008, 02:29 PM

Quote:

Originally Posted by propertastic

What do you think prices are high in comparison with?

If you think that there isn't much demand in Hurghada, why are you setting up business in real estate in the area?

I'm just curious!

because im here anyway with other business im good at negotiating and my website i run myself also to teach me about design, so i havent spent any extra pennies, and i wouldnt call it a business more of a service just like it took me half an hour to do b2email dot com for redseafurniture if he wants it? more of a fun thing than a make shed loads of money thing...

Peter Mitry · #50 11-01-2008, 02:37 PM

Although there are indicators in the market which have an upward effect on prices (huge increases in steel & cement) there is no doubt that like in any emerging market many Developers are cashing in. Thats why finding a good agent can often save you a lot of money; if he's doing his job right he is not just selling but securing his client base for the future by negotiating on your behalf.

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