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Egypt property The property market in Egypt is primarily focused around the Red sea and Mediterranean coastline. Property investors are also buying in and around the main urban hubs of Cairo, Alexandria and Luxor, The Egyptian governments pro-active policies for attracting overseas investment has created an economic climate geared for growth in the Egyptian property market. Do you agree? Please state your views and opinions here on our new Egyptian property forum.

Hania Beach, Central Hurghada, Egypt - Due for completion Summer '09. - Page 65

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  #641  
Old 26-05-2008, 05:12 PM
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Originally Posted by Gibbo1975 View Post
Hi I have been looking at various properties in Hurgarda and this development looks really good, can anyone recommend a company to use i purchase a place and is there a rental scheme in place?

thanks
Hi Gibbo, You can contact Stuart on stuart@experience-international.co.uk or call him on +44 (0) 207 321 5858

He can give you all the information you need regarding the rental schemes.

Experience-International are the main agent for the developer and charge the same prices.

All the best!
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  #642  
Old 26-05-2008, 05:16 PM
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Originally Posted by Gibbo1975 View Post
Hi I have been looking at various properties in Hurgarda and this development looks really good, can anyone recommend a company to use i purchase a place and is there a rental scheme in place?

thanks
Hi Gibbo.

There is a Management Company in place that will be dealing with rentals. Hania has acquired resort status. I'd contact the developer directly on:

d.tamplin@ippurchase.com or telephone 0121 744 8830

Regards
RED

Last edited by redangel7861; 26-05-2008 at 05:18 PM.
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  #643  
Old 26-05-2008, 05:22 PM
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Originally Posted by Gibbo1975 View Post
Hi I have been looking at various properties in Hurgarda and this development looks really good, can anyone recommend a company to use i purchase a place and is there a rental scheme in place?

thanks
Also have a look at this thread:

http://www.totallyproperty.com/egypt...es-thread.html

It will give you a feel of the location and construction so far.

Rgds
RED
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  #644  
Old 26-05-2008, 05:40 PM
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Hi Red,

Is Dan aware that we're all waiting for the due diligence before sending back contracts or should I tell Kathy?

...and, I hope I haven't spoken too soon, we might have sold our Dubai studio!
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  #645  
Old 26-05-2008, 05:46 PM
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Hi Red,

Is Dan aware that we're all waiting for the due diligence before sending back contracts or should I tell Kathy?

...and, I hope I haven't spoken too soon, we might have sold our Dubai studio!
Hi Linda.

I sent an e-mail to Kathy and Dan today expalining the situation. As so many of us are going via Zeiad, I'm sure they'll have no problems with regards to waiting until the due diligence is in.

Well done on the sale of your Dubai studio, congratulations!!

Rgds
RED
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  #646  
Old 26-05-2008, 07:08 PM
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With the talk introduction of a rental income and operators being interested in Hanias resort status what sort of figures currently exist or are being negotiated? Completion a long way away but still nice to ponder over as the months pass. When is completion? Has anybody had completion delay fines added to contracts? I take it all going through Zeaid will have the same basis?
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  #647  
Old 26-05-2008, 07:17 PM
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Originally Posted by sharkboy View Post
With the talk introduction of a rental income and operators being interested in Hanias resort status what sort of figures currently exist or are being negotiated? Completion a long way away but still nice to ponder over as the months pass. When is completion? Has anybody had completion delay fines added to contracts? I take it all going through Zeaid will have the same basis?
Penalty clause already exists in contract for late finishing. I believe it's mid 2010, but in my opinion it will be complete well before that date.

Articles i've been reading are stating a rental income of between £195 to £600 per week for beach front apartments in Hurghada based on the views and size of your apartment.

Last edited by redangel7861; 26-05-2008 at 09:08 PM.
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  #648  
Old 27-05-2008, 08:50 AM
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Hi, i have just paid 2,000 deposit on an apartment at Hania Beach and would love to hear from anyone else who has done so. Also, i have been sent a letter from a solicitor (Anthony Sneddon & Co) asking for 1250 up-front is this normal and is anyone actually using this firm and if not why and any advice on who to use would be appreciated..also told the prices were due to increase on the Monday after i paid my deposit.. that was 2 weeks ago and it still hasnt happened.

Regards
Tima
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  #649  
Old 27-05-2008, 09:08 AM
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Originally Posted by tima View Post
Hi, i have just paid 2,000 deposit on an apartment at Hania Beach and would love to hear from anyone else who has done so. Also, i have been sent a letter from a solicitor (Anthony Sneddon & Co) asking for 1250 up-front is this normal and is anyone actually using this firm and if not why and any advice on who to use would be appreciated..also told the prices were due to increase on the Monday after i paid my deposit.. that was 2 weeks ago and it still hasnt happened.

Regards
Tima
Hi tima, welcome and congratulations on your reservation. It looks as though Hania is going to be a good investment choice

Anthony Sneddon & Co are the developer's solicitors, and I don't know of anyone who is using them. I have just ignored the letters. The choice of solicitor is, of course, your own, but most people here are, I believe, using Zeiad Yehia, who comes highly recommended by people who post here and who has been very, very helpful with free advice on this forum as you can see here http://www.totallyproperty.com/egypt...ions-here.html. His contact info is here - http://www.totallyproperty.com/egypt...il-change.html

Zeiad is carrying out the Due Diligence on Hania and apparently this is going quite slowly. Maybe this is why the prices have not gone up yet. I and others here will be pushing for an extension to the first payment deadline on the basis of this delay.

G'luck
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  #650  
Old 27-05-2008, 09:16 AM
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Hello Tima and welcome to the forum. Like you, I've recently sent off my deposit for a studio on Hania and you will find lots of members on this thread that have purchased there too. Like many other members buying on Hania, I'm not using the solitor recommended by the developer. Most of us are going with Zeiad. For one thing his fees are less than half that price!

We have a thread for new members that might interest you too: http://www.totallyproperty.com/egypt...w-members.html

Any questions just give one of us a shout!
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