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Registration is very popular as it confirms 100% proof of ownership. You do not need your own lawyer as being the developers; the registration process will be more effective if the work is carried out our in-house lawyers. Registration in Egypt, as in most countries, attracts Government taxes and procedures. Registration will cost £1,250 and take around 2 years to complete.
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FAQs, Surrounding Environment
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Due to the exceptionally all year round good weather, Hurghada has a 12 months rental season.
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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.
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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.
FAQs, Definitions
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The extras allow owners to personalize their apartments and also to buy addition items and works not included in the finishing of the apartment.
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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 TV 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. Our standard finishing and Turnkey finishing list are available on request
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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.
FAQs, Legal Issues
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If you die, your next of kin will inherit your apartment or your share in the apartment.
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Registration is very popular as it confirms 100% proof of ownership. You do not need your own lawyer as being the developers; the registration process will be more effective if the work is carried out our in-house lawyers. Registration in Egypt, as in most countries, attracts Government taxes and procedures. Registration will cost £1,250 and take around 2 years to complete.
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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.
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You do not need a lawyer as the Agreement and Sales Contracts are standardized 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.
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Your purchase price is the total money payable to buy your apartment.
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All the properties are freehold.
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All the necessary licenses and planning permissions have been obtained, and are available on request
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The land of Oasis Marina is owned 100% by Iraida Estate Agency. All the necessary licenses and planning permissions have been obtained, and are available for inspection on request.
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Oasis Marina will be built by Iraida Construction Company. The building works are scheduled to commence in March 2008 and phase one will be delivered 2010. The monthly website building progress reports will start by the end of April 2008 and continue until the delivery of the whole project. You will be able to follow the rising of the whole development as the months go by.
FAQs, Financial & Investment Issues
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Yes
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Yes. It is likely that all apartments will be subject to estate tax.
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No
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Apart from the annual maintenance fee of GBP 8000 LE, there will be utility (water & electricity) charges substantially lower than European charges. On average, including the maintenance fee, the average apartment will spend around 14000 LE, which is approximately £1750 or 1900 EUR per year.
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The yearly maintenance fee will be 8000 LE per annum and will be fixed for 3 years from the delivery of phase one.
FAQs, Construction Issues
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Yes, warranties for the structures are for 10 years. Warranties for individual apartments are for 12 months.
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The delivery date for phase one of Oasis Marina is divided into two periods. The first delivery date will be July 2010 and the second December 2010. Your delivery date is determined by the date of your sales Contract
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