1 BR Sunny Lakes Naama Bay

Sunny Lakes development, situated in Naama Bay, ideal location and a few minutes walk to Naama beach and attractions.

Project already commenced building.

An opportunity for a select few individuals to own their dream home in legendary Naama Bay Sharm el Sheikh.



A limited number of chalets located in the Sunny Lakes development Sharm El Sheikh are now available for purchase.



Only minutes walk away from the heart of Naama bay, sunny lakes project is designed to ensure maximum privacy without sacrificing comfort or convenience.



Located at the southern tip of the Sinai Peninsula, Sharm El Sheikh and its spectacular natural setting makes it the ideal place to purchase a vacation home or second home, with its azure waters, striking mountain ranges and warm weather all year round.



The total area of the project is 110,000 sqm; construction occupies 20% of the total area of the project and 80% Gardens, pools.



Description:



1 bedroom Ground floor plan for units: 60, 62, 66 Sqm



1. Reception size 4.20 x 4.10 m

2. Bedroom size 4.20 x 4.50m

3. Bathroom size 2.20 x 2.10m

4. Terrace size 3.60 x 2.70m





There are 32 ground floor 1 bedroom chalets and 12 first floor 2 bedrooms they are perfect for a small family.



All ground floor units include patio, which is perfect for reading, relaxing or even entertaining, the first floor have open-air terraces with stunning views and plenty of room for outdoor gatherings.



Each chalet has a luxurious finish, with welcoming interiors and a functional floor plan that provides the owner with an excellent vacation home. Included is the use of the private pools of the compound. Chalet owners have private parking spaces for their cars, conveniently located near their property. Inside the resort there are 8 private swimming pools including an irregular edge pool and a childrens pool. As owner of one of these properties, you will have free access to the swimming pools of the compound and you can have several discounts on the other services of the resort starting from 10% to 20% on things such as food and beverages, laundry and the spa.

Delivery time: November 2007



Capital Growth



Buying in Egypt is a fantastic property investment opportunity, with the potential growth investment predicted in the next five years of at least 20% year on year.



Property prices in Egypt are still low compared to Europe and the Middle East ? however, since 2000 the areas of the Red Sea and Mediterranean have seen a boom in development and capital returns.



A few good reasons to buy in Egypt are as follows;



* Beautiful warm and dry weather 365 days a year.

* A unique mix of wealthy culture, beautiful beaches and golden deserts.

* 3-5 hours direct flights from Europe all year round.

* Investors getting on the real estate ladder now will gain huge profits in an emerging market with an increasing demand over supply.

* Cost of living in Egypt is around 20% of UK rates.

* Charges for title deeds and registration as low as 3%



Prices may fluctuate according to currency exchange