Nope, still waiting. Hope he get's back to me soon as I have to make my 40% payment by the end of the month.

According to some posts on this thread the Egyptian Government are going to impose restrictions on frontline beach developments in Hurghada. You will only be allowed to build developments that are 200 meters from the beach. This is great news for people who have purchased on frontline developments, as it will surely add value going forward.

Hi Red,

Rytcher has posted on the legal thread asking Zeiad to confirm this - be very interesting to see what he says. If it's true, it certainly will be great news for those of us who've bought frontline.

I think I got the terminology right!! It's where IPP have first shout on your apartment if you decide to sell on.

Zeiad emailed me to say he was getting on with the Due Dilligence and asking me to be patient I think he will then send out his details for fund transfers.

He'll be doing quite nicely, thank you very much, out of Hania and the forum in general

__________________
Roger
There are only three types of people in the world - those who can count and those who cannot.
Pandora's Box

True, but we should be better off too. The solicitor we're using on another development is charging twice that of Zeiad.

If this is the case then isnt Hania the last 'beach front' beach front to be built?!

Yeah, I noticed his prices are good, and I've neither seen or heard anything to suggest his service is anything other than first class

__________________
Roger
There are only three types of people in the world - those who can count and those who cannot.
Pandora's Box

Hi Red, Roger, MrSkipsey and Co.

Have just read from about page 20 to 57. Chris! Im knackered. I feel as though I know you all really well now! What a great forum, Red your information is superb. Have come across Hania beach by Experience International. Have recently invested in Ras Al Rhaimah and Dubai. Have some change left over and looking around for a punt other than the UAE. This development looks great. Price seems on the high end, but if this is for high quality then that suits me.
A few queries im sure you can help with before I make a reservation;

The CGI's pictures indicate studio's at 54.26m2 is this actual studio area or is this taking into account percentage of common areas. What is actual studio floor area?

Maintenace charges?

Utility bill charges?

Expected rental management fee percentage?

Rental prices?

Many thanks anyone who can help.

The CGI's pictures indicate studio's at 54.26m2 is this actual studio area or is this taking into account percentage of common areas. What is actual studio floor area?
I was told to minus 15-20% of the gross to get the living area but Ive had nothing confirmed as yet in writing.

Maintenace charges?
If I remember rightly it was £800/year

Utility bill charges?
Not sure yet mate

Expected rental management fee percentage?
I cant remember these off the top of my head

Rental prices?
As far as Im aware its gaining resort status so if you choose to rent through the management company then it will be rented to a well known tour operator. If not Ill probably charge between £100 - £150 / week to friends and family

Someone with more info then me about the resort will correct me if Ive misinformed you.

Hi VF.

Welcome to the Hania forum. Just to clarify a few points from Skip:

1. 54.26 m is the gross area. Based on the plans I have seen you will have to deduct 25% of the gross area to get the net size of your apartment. As Hania has acquired resort status the communal areas have to be larger to adhere to the resort status requirements hence the communal area of 25% is slightly higher than normal due to the larger communal areas.

2. Rental yields for beach front apartrments could range from 8-12% based on articles I have read. Some have stated £195-£600 for beachfront apartments based on the size and location of your apartment.

Rgds
RED