Sierra Resort Nabq
The Sierra Resort Nabq offers investors a great opportunity to purchase a luxury 1 or 2/3 bedroom apartment in one of the world’s best diving and tourist locations - Sharm el Sheikh.
The properties at Sierra Resort Nabq are linked to the 4-star Sierra Hotel, through which they can be rented out, managed and maintained.
Our properties at Sierra Resort Nabq are significantly below their future market value, offering individual investors the opportunity to snap up an apartment at a bargain price only usually available to wholesale purchasers.
Sierra Resort Nabq Location
Sierra Resort Nabq, is located in the popular Nabq Bay area of Sharm el Sheikh - widely considered to be the latest property investment hotspot.
Nabq Bay is well known as an area of outstanding natural beauty with breathtaking views over the Red Sea and the mountains of the Sinai Peninsula. It is both a wonderful holiday spot and a fantastic place to live, with a truly cosmopolitan mix of residents.
The area has an established commercial centre, 18-hole golf course, health spas, medical centre, and several international schools.
Sierra Resort Nabq has a superb location on the 4-star Sierra Hotel complex, and lies just 8 minutes walking distance to the white sandy beach overlooking Tiran Island.
Sierra Resort Nabq Apartments
The apartments are located in low rise blocks around the communal swimming pools meaning that all have great pool views and you will never be far from having a dip to cool off.
Each apartment has a private balcony, kitchen, bathroom, and living/dining area.
In addition to the facilities at Sierra Resort Nabq, purchasers can use all of the facilities of the Sierra Hotel.
Purchasers have the option of renting out their property through the Sierra Hotel, who will also manage and maintain their property for them, delivering peace of mind.
Income from property rental is expected to be between 6% to 9% per year.
The apartment options include a 1-bed apartment and a 2/3 bed apartment. All the apartments are in low-rise blocks that have just three floors:
Middle Floor Apartments
1-Bedroom Apartment Size: 60 m² (Around 660 ft²). Priced from GBP33,000.
2 or 3-Bedroom Apartment Size: 120 m² (Around 1,300 ft²). Priced from GBP66,000.
Top & Ground Floor Apartments
1-Bedroom Apartment Size: 60 m² (Around 660 ft²). Priced from GBP36,715.
2 or 3-Bedroom Apartment Size: 120 m² (Around 1,300 ft²). Priced from GBP73,430.
Floorplans
The floorplan for the 1-bed apartment at Sierra Resort Nabq is shown below:
This is the floorplan for the 2/3-bed apartment at Sierra Resort Nabq:
Sierra Resort Nabq Facilities
Our properties at Sierra Resort Nabq have the following facilities:
Top floor apartments have their own private roof terrace.
Ground floor apartments have a garden area.
The residential area has 10 swimming pools for residents’ use.
Access to the beach is only 1km away.
Sharm International Airport is just 7km away.
Naama Bay is 15 minutes drive away.
There is a hyper market and shopping mall nearby.
There is a diving centre at the beach.
The resort has an excursion sales office.
Furniture package option available.
Smoke detector connected to the fire alarm system of the hotel.
Imported doors from the UK (Crosby) treated against fire.
Wi-Fi connection.
Parking.
The construction photos show the progress made at Sierra Resort Nabq. Phase 1 is expected to be completed in October 2008, with phase 2 being completed four months later.
Sierra Resort Nabq Payment Terms
The payment terms for all our properties at Sierra Resort Nabq is:
GBP2,000 refundable deposit.
35% (less deposit) on exchange of contracts.
Phase 1 properties: 65% payment over 9 months by 3 postdated cheques or standing order (1st payment 3 months from the contract date).
Phase 2 properties in zone 8: 65% Payment over 18 months by 6 postdated cheques or standing order (1st payment 3 months from the contract date).
Phase 1 completion: October 2008.
Phase 2 completion: February 2009.
5% discount for Phase 1 on 100% cash payment upon signing of contracts.
7% discount for Phase 2 on 100% cash payment upon signing of contracts.
12% discount on 100 % cash payment for investors for whole block sale.
Sierra Resort Maintenance Fees
The maintenance fees for all outr properties at Sierra Resort Nabq are:
1-bedroom apartment (60 m²) 15,000 LE.
2-bedroom apartment (120 m²) 30,000 LE.
Maintenance fees are paid by a one-off payment on handover and are refundable on resale.
Further Information
You can download a copy of our brochure for Sierra Resort Nabq at Sharm el Sheikh by clicking here.
In addition to Sierra Resort Nabq, our developments in Sharm el Sheikh include:
Carlton Resort
Sharm Bride
The View
Information on all of these developments in Sharm el Sheikh can be accessed through the countries drop-down menu at the top of this page.
Further information on these properties in Sharm el Sheikh as well as our developments in Sahl Hasheesh , Hurghada 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 on Sierra Resort Nabq or any of our other developments in Sharm el Sheikh, Sahl Hasheesh, Hurghada or Marsa Alam, just send Property Matters Overseas an e-mail via our "Contact Us" page or give us a call.
