Oasis Marina
Oasis Marina is an exciting new beachfront development located in the fast emerging Al-Ahyaa area between Hurghada and El Gouna, on Egypt's stunning Red Sea coast.
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 at Oasis Marina.
Units are supplied either on an unfurnished or a turnkey basis, allowing buyers to move in straight away without the hassle of having to source all their own furniture and fittings.
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 on to 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.
Oasis Marina 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.
Oasis Marina Features
The main features of Oasis Marina in Hurghada are:
Frontline property with access to own private beach.
Sea views for over 70% of apartments.
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 services.
Health club with beauty centre and gym.
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 capped for 3 years.
Full post service maintenance and repair service.
Manned 24-hour gated security.
Oasis Marina 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.
White porcelain sanitary fittings in bathroom (toilet, sinks and bath/shower) with mixer taps.
Split unit air conditioners in bedrooms and living rooms.
With Oasis Marina's optional 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, such as the following:
Oasis Marina 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.
Regular Finish
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 (32sqm) GBP25,300.
Studio (45sqm) GBP34,466.
1-bed apartment (67sqm) GBP51,040.
Studio (69sqm) GBP50,014.
1-bed apartment (79sqm) GBP55,880.
1-bed apartment (82sqm) GBP57,640.
2-bed apartment (90sqm) GBP62,334.
2-bed apartment (100sqm) GBP68,200.
1-bed “villa apartment” (78sqm) GBP61,050.
2-bed “villa apartment” (86sqm) GBP66,226.
The one and two-bedroom “villa apartments” 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 (32sqm) GBP33,370.
Studio (45sqm) GBP42,538.
1-bed apartment (67sqm) GBP61,307.
Studio (69sqm) GBP60,288.
1-bed apartment (79sqm) GBP66,147.
1-bed apartment (82sqm) GBP69,375.
2-bed apartment (90sqm) GBP74,067.
2-bed apartment (100sqm) GBP79,936.
1-bed "villa apartment" (78sqm) GBP71,320.
2-bed "villa apartment" (86sqm) GBP77,956.
Discounted Prices from Guaranteed Rental Scheme
Buyers 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 Guaranteed 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 (32sqm) GBP20,030.
Studio (45sqm) GBP25,518.
1-bed apartment (67sqm) GBP36,787.
Studio (69sqm) GBP36,168.
1-bed apartment (79sqm) GBP39,687.
1-bed apartment (82sqm) GBP41,634.
2-bed apartment (90sqm) GBP44,447.
2-bed apartment (100sqm) GBP47,956.
1-bed "villa apartment" (78sqm) GBP42,800.
2-bed "villa apartment" (86sqm) GBP46,776.
Payment Schedule
Payment Schedule
As explained above, 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.
Construction on Oasis Marina started in February 2008. Completion of Phase One is scheduled for end 2009.
Further Information
Further information on our properties in Hurghada as well as our developments in Sharm el Sheikh, Sahl Hasheesh and Marsa Alam can be found in our Information Library. Just click on the button at the top right of this page.
If you need any other information, including price and availability lists, just send Property Matters Overseas an e-mail via our "Contact Us" page or give us a call.
