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| FOR SALE :: CHOOSING YOUR PROPERTY |
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| Choosing Your Property: |
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When purchasing any property, there are many factors to take into consideration;
location, build quality, running costs, re-sale value and suitability.
GIP4U has experienced staff who can help you make the right choices. Sharm El Sheikh
has a range of properties to suit all needs and budgets and investing in Sharm has many benefits:
for more information click here.
Choosing the location of your property can be a matter of individual taste,
but re-sale value is also a factor if the area is not considered desirable.
GIP4U has a wealth of information about individual neighbourhoods to
help you select the ideal location to suit your needs. GIP4U can show you
properties in a range of locations and answer any questions you may have about the area.
Knowing your builder is reliable and has high standards is paramount to any purchase.
GIP4U only works with top quality developers and companies who have a proven record.
GIP4U can also perform structural checks on older buildings so you have complete peace of mind.
It is also important to know what the developer is including in the price: Air Conditioning units,
kitchen appliances and other fixtures could come as a costly shock. GIP4U ensures you know exactly
what you are buying and can assist with choice of fixtures to suit you.
Maintenance and utility costs vary widely across the area and should be considered carefully when
choosing your property. Many complexes require a premium rate for water and electricity in addition
to annual maintenance charges. These charges also vary depending on the developer and size of property.
GIP4U can give you all the information you need to compare properties and ensure you are getting value for money.
There can be many pitfalls when purchasing abroad, but GIP4U has the experience and knowledge to ensure your
purchase is exactly right for you and you have all the information you need. GIP4U’s professional team is on-hand
to guide you to your perfect dream home in the sun.
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| While planning your property purchase abroad, we advise you to consider the following: |
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• Do you intend to live in the property?
• Will you rent the property?
• Who will manage the property?
• Is the buying process complicated for you, so that you would need advice through a real estate agency or a solicitor?
• What is your budget? How much do you have now?
• When are you prepared to buy?
• Do you need a mortgage?
• Where to buy? LOCATION DOES MATTER (Sea, Beach, Golf, Shops, City, Amenities, Schools, General Development Plans)
• What are the reasons for buying? (Investment, Holiday, Relocation, Retirement)
• What will you buy? (Apartment, Villa, In Complex, Land, House….other)
• Are you buying to be near a specific activity? (Diving, golf, hiking..etc.)
• What are the incurring costs from the purchase? (registration, solicitor, taxes, …)
• What are the running costs? (Maintenance, property management, utilities, …)
• Are you buying alone or with a partner?
• Does the seller provide complete title deeds?
• Does the developer provide builder insurance? For how long?
• What is the average expected rental return for this property?
• What is the estimated market value appreciation per annum for this property?
• Are there any constraints or costs on reselling?
• What is the expected resell value in 2 year time?
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| Property Options: |
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Most of the developments in Sharm El Sheikh offer a range of designs to fit everybody’s need.
Units are relatively spacious and well utilized. Available types are defined as follows:
| Type |
Average Size m2 |
Accommodates |
Closed Bedrooms |
Bathroom |
| Studio |
35 - 50 |
2 pax |
None |
01 |
| Apartment |
50 - 150 or more |
Up to 6 |
One up to three |
01 or two |
| Villas |
200 – 600 or more |
Up to 14 |
One up to seven |
03 or more |
| Duplex |
200 – 350 or more |
Up to 6 |
Three or more |
03 or more |
In Compound: Owned by a company (developer/contractor) w/ security and on site facilities
Stand Alone: Mostly owned and developed by individuals w/o facilities
• Footprint in Sharm El Sheikh is managed by the government and building to land ratio starts at 20% in
Naama Bay and surrounding areas up to 17% in Nabq and Montazah
• Building licences are issued from the government for only 2 stories in most areas of Sharm El Sheikh
and up to 4 stories in Nabq and Montazah
• Most ground floor units are offered with the option to use the garden while top floor units come
with roof access. This usually adds up to the property value and maximises the space use
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| Neighbourhoods: |
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Neighbourhoods
Sharm El Sheikh has grown over the last 25 years into a bustling city with many distinct and differing neighbourhoods. Each has it’s own benefits and drawbacks as with any town. Here is some information to help you choose the area which is right for you.
 Hadaba
A quiet, sun soaked resort on the outskirts of Sharm el Sheikh. Hadaba’s wide range of hotels and holiday villas are situated in beautiful locations on the Ras Om Sid promontory. Hadaba is famous with Sharm’s prime residential area the Marine Club Villas. Buildings are individually owned by various nationalities and mostly let on long term agreements. Prices in Hadaba are affordable yet some properties are more exclusive with outstanding design and breathtaking sea views. Most businesses outside the hotels and diving fields are located in Hadaba. Many long term ex-pats live in this area as shops and transport are easily accessible.
It’s becoming with big attraction for both tourists and holiday home seekers. Attractions and sights are expanding in Hadaba that’s why it’s becoming as popular as Naama area, as in returns over investment
 Hey El Nour
The first residential area in Sharm El Sheikh and a natural extension of Naama Bay residential area with both old and new buildings; Hay el Nour has been recently expanded to include the brand new extension located next to the largest church in Sharm. Although a residential area, a lot of businesses are starting to open up there, as well as new malls that offer office space.
The area has many villas and apartments which are extremely good value for money. Some parts are somewhat isolated, so transport can be a factor, but the opportunity for long term rental income makes it an ideal area for investors.
 Naama Bay
The most established tourist area offers many complexes with pools, security and other facilities. Prices are comparatively high as proximity to the shops and night-life in Naama Bay is highly desirable. Most complexes are complete, or near completion so you can see exactly what you are buying and there are many apartments ready to move straight into. Properties in Naama Bay are famous for their high rental yields as many are situated within a number of luxury hotels and although the area is expensive, it maintains a very high demand.
 Shark’s Bay (also known as the White Knight):
An elite tourist area with a wonderful combination of sea and mountain scenery, It encompasses a number of high end 5* hotels and resorts with a few residential properties that have marvellous views and beach access. The area is famous for it’s diving & Snorkelling.
 Montazah
This upscale neighbourhood encompasses residential compounds overlooking Tiran Island. Located 03km from Sharm International Airport & 10 km away from Naama Bay, it is close to the airport and many 5* hotels. Properties are luxurious, secluded, privately owned plots with beach access unlike other neighbourhoods in Sharm El Sheikh therefore prices tend to be more expensive. There are still opportunities for great investments in this area.
 Nabq Bay
The newest area situated 04,5km from Sharm International Airport & 12km from Naama Bay. It has many hotels operating on an all-inclusive basis. There are many new complexes being built and opportunities to buy off-plan and. The area is developing very fast but still under-going much development and has many possibilities for the near future.
 Rowaysat
Originally a Bedouin settlement, this area is gradually becoming a more popular residential neighbourhood. Located at the mountain side about 7 km away from Naama Bay, houses there are usually quite spacious with a garden and a beautiful view with a touch of authenticity. It is also very famous for the workshops and craftsmanship available for almost any need.
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| Status: |
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Property in Egypt can be bought at any stage of construction. Each option has its own benefits and Global Investment Properties is available to assist and guide you in making the right choice for your overseas property.
Off-plan
Properties are bought at the earliest stage, often before any construction has begun. This can be a risky choice with rogue developers potentially making promises that can’t be kept. With an extensive Due Diligence process; Global Investment Properties ensures working only with trusted, reliable developers to ensure you receive the property you chose within the timescales laid out in the contract.
Buying off-plan is an opportunities for maximum return in minimum timeframes as the initial cost can be very low and attractive with payment plan at 0% interest. Buying off-plan also gives you the chance to have the property finished to your own personal requirements and taste.
Construction started
Developers often build in stages, giving you an opportunity to view finished or partially finished units before you buy. In many ways this is the best-of-both-worlds option, as bargains can be found while having the security of knowing your apartment exists as bricks and mortar. At this stage you still have a choice of finishing, and Global Investment Properties have a wide range of furnishings and packages to customise your home. Payment schemes can still be attractive and properties are usually delivered within a few months of purchase.
Ready to use
For anyone wanting a property to use immediately this is the ideal solution. You can easily see if the property meets your needs and within a few weeks you can move into your new home or start generating rental income. Prices tend to be higher, but often furniture and appliances are included. Some ready-to-use properties are unfurnished; GIP4U has many furniture options and packages to make your house a home.
Re-sale
With so many properties pre-owned in Sharm El Sheikh, there are a wealth of available villas and apartments to suit all needs in all neighbourhoods. Global Investment Properties can help negotiate the price and ensure all legal matters are in order. It is advisable to have a structural survey to ensure the property is sound, again Global Investment Properties will ensure this is carried out and advise you on the report.
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FEATURED
PROPERTIES |
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Sharm EL Sheikh
Naama Bay
£31300
Studio
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Sharm EL Sheikh
Nabq Bay
£56850
2 Bedroom
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Sharm EL Sheikh
Naama Bay
£41700
1 Bedroom
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| JOIN GIP4U |
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| PARTNERS & AFFILIATES |
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