Summary

● Completion Q1 2010
● 1 year construction apartment warrantee.
● Beach front and sea view for over 70% of apartments.
● All properties are completed to European standards.
● Satellite and telephone points plus air conditioning units pre-installed.
● All apartments are freehold.
● Large swimming pools with children sections.
● Main reception area offering hotel style service.
● Health club heated pool and beauty and gym sections.
● Diving and Aqua centre.
● 4 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.
● Large communal roofs with breathtaking sea views.
● Shuttle bus to the town, golf and other Oasis apartment complexes.
● Pickup service including airport pick ups.
● Sight seeing tour operator.
● Strong rental prospects.
● Key handling rental management service.
● Excellent investment potential.
● Management fee guaranteed capped for 3 years.
● Full post service maintenance and repair service 

Oasis Marina Resort is a beach front resort overlooking the crystal clear Turquoise Coastal waters of the Red Sea.   The complex comprises of a selection of studios, 1 & 2 bedroom apartments, with the possibility of the creation of 3 and 4 bedroom apartments.  This distinguish development is a haven for discerning second-home owners - and a tempting proposition for shrewd investors.

The Oasis Marina apartments have been designed and constructed to offer superbly planned accommodation. Oasis Marina Beach offers a wide selection of apartments ranging from a compact 32m2 apartment to the spacious 2 bedroom 100m2 apartment.

Oasis Marina offers you a chance to own a beautiful home in an unspoiled area with tremendous investment potential. Imagine returning time after time to experience what the region has to offer, whilst benefiting from rental income. Hurghada and the Red Sea, unlike other popular locations such as Turkey, Spain and Bulgaria, have 365 days of sunshine. There is no break or restriction to the rental period! Enjoy the capital growth of your investment with every passing year.

Oasis Marina apartments are sold with the option of 2 finishing styles. With the Standard option you will receive your apartment completely finished with kitchen and air-conditioning units installed. All you need will be your furnishing to move in! With Turnkey finishing you will receive your apartment not only finished but fully furnished and equipped. This option allows owners to immediately move into their apartment upon delivery. Ideal for the serious investors!

All apartments will be delivered with polished ceramic floors; tiling in the kitchen and bath rooms; windows and doors installed; split unit air conditioners in bedrooms and living room; electrical installations; pre-installation for telephone and satellite; fitted base kitchen base units with stainless steel sink and granite worktops and mixer taps and white porcelain bathroom fittings.

Oasis Marina benefits from a wealth of experience and expertise. Purchasers will be able to follow the building progress of the resort in regular updates. Unlike most private developments, Oasis Marina has a 10 year building guarantee and a one year construction warrantee on individual apartments. The quality of Oasis Marina is assured with impressive benefits and facilities of elevators in most apartment blocks and an emergency backup generator in the event of power cuts.

One Bedroom Apartments
The one bedroom apartments (sizes 67m2, 79m2 and 82m2) have been created for the most discerning customers. All the apartments have balconies overlooking the swimming pools and gardens. The apartments have been designed to provide the highest level of comfort and luxury. Exclusive on-site amenities and facilities such as restaurants and shops literally on the doorstep, can be sampled by owners while enjoying the seclusion of their own apartment.

Two Bedrooms Apartments
These top-of-the range 2 bedroom apartments are in 2 sizes, 90m2 and 100m2. The apartments have been skillfully arranged to provide family accommodation with exceptionally spacious living and sleeping areas. The open plan living and dinning areas open on to impressive balconies overlooking landscaped gardens and pools.  The apartments offer superbly planned family accommodation with the turnkey package, have the capacity to sleep up to 8 persons. These apartments offer great value for money!

1) When will Oasis Marina Resort be built? 
The building works are scheduled to commence in March 2008 and phase one will be delivered 2010.

2) Who has legal title of the land?
The land of Oasis Marina is owned 100% by the developer. All the necessary licenses and planning permissions have been obtained, and are available for inspection on request.

3) What Licenses have been granted?
All the necessary licenses and planning permissions have been obtained, and are available on request.

4) Are the properties being sold freehold or leasehold?
All the properties are freehold.

5) When will phase one of Oasis Marina Resort be completed?
This will be completed by 31 December 2009. Phase two will be completed within 18 months of phase one.

6) What is the yearly maintenance fee?
The yearly maintenance fee will be GBP £800 per annum and will be fixed for 3 years from the delivery of phase one.

7) Is there a builder's warranty on new build, if so how long?
Yes, warranties for the structures are for 10 years. Warranties for individual apartments are for 12 months.

8) What type of running costs should I expect?
Apart from the annual maintenance fee of GBP £800, there will be utility (water & electricity) charges substantially lower than European charges. On average, including the maintenance fee, the average apartment will spend around £1,400 per year.

9) How will the apartments be finished?
Oasis Marina Resort will be finished to high specifications. The finishing will include polished ceramic floors, tiling in kitchen and bathrooms, windows and doors installed, all bedrooms and living rooms will have split unit air conditioners that have cold and heat settings, electrical installations, pre-installation for telephone and satellite, fitted kitchen with base units, stainless steel sink, marble worktops and mixer taps, Bathroom sanitary fittings in white porcelain (toilets, sinks, baths or showers) with mixer taps.

10) What is a "Standard Apartment"?
Oasis Marina Resort Standard apartments will be finished to a deluxe European standard. The Standard finished apartment will be delivered complete with a base fitted kitchen and air conditioners in the bedrooms and reception/living area. You will not need to carry out any work to be able to move into your apartment except your own furniture.

11) What is a "Turnkey Apartment"?
Oasis Marina Resort Turnkey apartments offers you the opportunity to immediately move into your apartment. The Turnkey apartment includes full furnishing made from top quality wood and beautiful designs; electrical products such as t.v and satellite, cooker and washing machine. It also contains general household goods and utensils such towels, plates, salt and pepper shakers. Nothing is left to chance. The standard finishing and Turnkey finishing list are available on request.

12) What are the extra options?
The extras allow owners to personalize their apartments and also to buy addition items and works not included in the finishing of the apartment.

13) If I decide to buy, what other payments must I make to complete my purchase?
Your purchase price is the total money payable to buy your apartment.

14) Will I need a lawyer to purchase my apartment?
You do not need a lawyer as the Agreement and Sales Contracts are standardised and conform to Egyptian Law. The contracts will be written in Arabic and English and are binding on both parties. However, if you want to instruct your own lawyer, we will be happy to work with them. If this involves any additional costs, these must be paid by you.

15) Do I need a lawyer after I receive my apartment?
After you receive your apartment, our legal department will prepare all the necessary documentation for your appointment in the Notary Office. Provided you present yourself to our legal department within 3 months of the official delivery date, our legal department will carry out the Court Validity Suite and install your electricity meter without any additional cost. If you wish to register your apartment, this will also be possible, but you will be required to pay for this process.

16) If I decide to register my apartment do I need my own lawyer?
Registration is very popular as it confirms 100% proof of ownership. You do not need your own lawyer.  Registration in Egypt, as in most countries, attracts Government taxes and procedures. Registration will cost £1,250 and take around 2 years to complete.

17) What happens to my apartment if I die?
If you die, your next of kin will inherit your apartment or your share in the apartment.

18) How long are the seasons in Hurghada?
The Red Sea Rivera's warm climate makes it an ideal destination at any time of the year. There are two seasons: a hot summer, which runs from May to October, followed by a mild winter for the remaining months. Temperatures range from a minimum average of 18°C in winter, with cool nights, to 36°C in summer, with comfortable warm nights.

19) How accessible is the area?
Flight time from the UK is 4.5 hours with scheduled weekly flights. Charter flights from Germany are almost daily. Flights from other major European cities include Munich 3.5 hours & Rome 3 hours.

20) How long is the rental season?
Due to the exceptionally all year round good weather, Hurghada has a 12 months rental season.

21) Is there any stamp duty?
No

24) Is there any Government Tax?
No

22) Is there any Capital Gains Tax or V.A.T?
No

23) Is there any Inheritance Tax?
No

24) Can I sell my apartment any time after receiving it?
Yes

N.B. GBP prices are for indicative purposes.  Properties are purchased in the currency of origin and therefore GBP value will fluctuate. Please use our currency converter for a current valuation.

Map

Availability

Due Diligence

Visit

GPS have negotiated the following Inspection Trip offer -

Clients will be responsible for the cost of flights but full accommodation will be provided along with a representative for the duration of your visit.

Once a client has purchased a unit, the cost of the flights will be refunded, providing the visit has been organised via GPS.

Financial

Oasis Marina - Payment Terms & Conditions

A) 5 years payment plan with rent guarantee.
This payment plan is only available for:
1. The front row apartments.
2. Turnkey apartments
3. Total cash payment will be 60% of the apartment price. The balance of 40% will be covered by rent guarantee.
4. This is a 0% interest plan.
5. 12 weeks a year to use the apartment.

Sales & Management Contracts.
To prepare the contracts we need:
• Apartment number and confirmation of payment terms.
• Copy of customers passport
• Postal address
• Email and telephone number.
• Selection of 12 weeks personal use.

There will be 2 contracts:
1. Sales Contract and
2. Management contract.
The contracts will normally be prepared and sent out within 3 days of us obtaining the copy of the passport; other information will be beneficial but will not delay the preparation of the contracts. Our normal procedure is to send the contracts via the internet to agents to forward to the customer.

Payment Schedule:
• 1st payment due within 14days of the sales contract.
• 2nd payment within 8 weeks of the Sales contract
• 3rd and final payment by 31 December 2009.
NB: After making the first payment, if the customer later decides to cancel or breach the payments terms, they will loss 10% of the total purchase price.

12 weeks personal use selection
• With the exception of 21 December to 6 January and 2 weeks around Easter, customers have free choice for their 12 weeks.
• They can make block booking of weeks together, spread the weeks over the year or even a combination of both.
• As the apartment will be rented out years in advance, customer must understand and remember is that the 12 weeks they choose will be set for the 5 years AND CAN NOT BE CHANGED DURING THE 5 YEARS TERM.
• Customer must make their 12 weeks selection for the preparation of the contracts.
• The Management Contract will be sent the same time with the Sales Contract. The customer will need to give us their 12 weeks selection as soon as possible.
• It is important that customers realise that a week is Friday to Thursday, Sunday to Saturday i.e. 7 days. It is not Friday to Friday; which 8 days is.
• Customers can rent out some or all of their 12 weeks. However, the rent and the income of the 12 will is not be guaranteed.

Delivery date.
• The customer will be required to make their final 20% cash payment by the official delivery date - 31 December 2009.
• The customer must also pay the annual service charge.
• The customer will be DEEMED to have received their apartments on 31 December 2009 so personal attendance will not be required.
• The Management Contract will automatically come into operation 31 December 2009 and instalment payments will be made quarterly in arrears over the 5 years to cover the 40% outstanding on the apartment.

Full Payment receipt
After 5 years, the owners will be issued a receipt confirming full payment of apartment. Owners can make full payment before this date if they choose.


B) 25% discount with guaranteed rental income.
This payment plan is only available for:
1. The front row apartments.
2. Turnkey apartments
3. 25% discount of total purchase price.
4. 4 weeks a year to use the apartment

Sales & Management Contracts.
Same information required as in A above.

There will be 3 contracts:
1. Agreement Contract
2. Sales Contract and
2. Management contract.
The Agreement Contract will set out the payment terms and penalties. On making full payment, we will issue the Sales Contract which will confirm receipt of the purchase price.

Payment Schedule:
• 1st payment - 20% of discounted price due within 14days of the Agreement contract.
• 2nd and final payment - 80% of discounted price within 8 weeks of Agreement Contract.
NB: After making the first payment, if the customer later decides to cancel or breach the payments terms, they will loss 10% of the total purchase price.
-The customer CANNOT buy with 25% and then later decide to opt for this scheme. The customer must buy with this option in place.

Guaranteed rental income.
• Like in A above, on 31 December the owner will be deemed to have received their apartment and the Management Agreement comes into operation.
• The owners will be receive quarterly rental payment, paid in arrears paid into their bank account. The amount received depends on their apartment size. The amount is stated in the Management Contract. The amount is the same as the sum for the 5 years rent guaranteed payment plan.
• Owners will have use of their apartments for 4 weeks in the year and the terms are exactly as in A above. It is important that owners realise that if they choose to rent out ant part of their 4 weeks, this can not be guaranteed rent or income.
Please note that we will review this option (with the intention of removing it) end of October 2008.



C) 5 years payment plan without rent guarantee
This payment plan is only available for:
1. The front row apartments
2. The apartment can be Turnkey or Standard
3. This is 0% interest plan.

Sales & Management Contracts.
• Same information required as in A
• 12 weeks selection is not applicable as the apartment is not in the rental programme.
• There will be ONLY 1 contract: The Sales Contract.

Payment Schedule:
• 1st payment due within 14days of the sales contract.
• 2nd payment within 8 weeks of the Sales contract
• 3rd payment by 31 December 2009.
• Instalments will start 31 March 2010 and are quarterly. Full instalment payment details clearly stated in the Sales contract.

NB: After making the first payment, if the customer later decides to cancel or breach the payments terms, they will loss 10% of the total purchase price. In view of the time period involved, if the customer is unsure about income, this may not be the best option because of the 10% penalty on a breach.

Delivery date.
• The customer will be required to make 20% cash payment by the official delivery date - 31 December 2009.
• The customer must also pay the annual service charge. The customer must receive their apartments as deemed delivery is NOT possible.

Occupation of apartment.
The payment option allows the owner can use their apartment how they wish. The only restriction is that the apartment can not be sold until the full purchase price has been paid.

Full Payment receipt
After paying final instalments or on receipt of the full purchase price, the owner will be issued a receipt confirming that they have paid the full purchase price for their apartment.


Maintenance fees
The fee is set at £800 per year until 30 December 2012. After this date the maintenance can be increased between 5% -10%. The maintenance fee will be used to pay for:
• 24/7 security on site;
• General maintenance staff;
• Cost of staff employed for the upkeep of the complex;
• Internal & external painting of the communal areas;
• Swimming pools cleaning & upkeep;
• Gardens and plants maintenance;
• Cleaning & rubbish removal;
• Pest & infestation controls
• Lighting & electricity for external & internal communal areas;
• Cost of water for swimming pools & gardens
• Cost of equipment such as sun lounges, chairs and table for communal areas;
• Transport bus/es for the complex.