Red Sea Real Estate

Sticky Hurghada Real Estate Agents and their percentage with the legal aspect of buying process

by pharaoh @ 2009-04-13 – 19:14:56

we shall not depend upon one agent or agency unless we have enough and previous dealing relationship with them. Once, I have heard five different prices from five different agents for the same plot. They are like chain. Sometimes to reach to the owner of the property you have to pass through two or three agents, each one with his percentage. In the Egyptian law, the percentage of Agents or agencies is 2.5% of the total buying sum. But sometimes they take the percentage beside they increase the price of the property for their own and that’s why you can find on the Internet di Hurghada_buying_process fferent prices of the same property in different websites.

The legal process in Egypt as general and hurghada in particular has a special status. Each plot or building has legal papers that claims the ownership to a specific individual or group. In Hurghada, There are two stages of this ownership. The first is to have the primary contract from the local government council assigned by the governorate which claims the ownership of the plot. Legally, this contract has three years validity according to the stages for the constructing process, after this period the government has the right to cancel the contract if there was no sign of construction. But if there is any sign of construction upon the plot, the government has no right to cancel the contract.
After the primary contract, If the owner of the plot wants to sell his land, the only legal process for the buyer is to have an official authorizing paper from the seller to manage and control the plot as the owner of it. This official authorizing paper has a certain shape and context, you can add to it but not to omit anything.
By having this contracts and other legal papers, this does not mean that the plot or the building is a registered one. But Registration has another shape that we call it here in Egypt (The Green Contract) which you can have a full access to your property.

Sticky Hurghada Snapshot

by pharaoh @ 2009-04-13 – 06:21:00

Hurghada is a tourist city; located on the eastern coast of Red Sea. The chain of medium-height mountains and the desert are situated to the west of the city to add the most impressive effect to all those, who are looking for enjoying the desert activities with its all different shapes like the safari trips on jeeps cars and quad bikes. As it is so exciting activities in a vast desert with a rich nature of colors and curious life. It adds more pleasure to the stay in Hurghada as the tourists spend their time enjoying the nature of the desert riding camels and discovering the life

Hurghada_sun_set

ofBedouins with their traditions and way of life or driving jeep on the soft sand to enjoy watching the dunes while the jeep passes over it feeling the pleasure of adventure. Quads consider being so exciting, too, for everybody.

The city is well known so long time ago but the attention to the investment in it has rapidly increased since the English petroleum engineers discovered the richness of it. The star of Hurghada shined so brightly in the field of tourism since 1980's, as the city is so famous of its fair weather year-round.

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Hurghada was founded in the early 20th century as a small fishing village. Today, it has become the foremost tourist resort in the governorate of the Red Sea, which is located on the coast of the red sea, and an international center for aquatic sports: windsurfing, sailing, fishing, and swimming, snorkeling and diving. The richness of the underwater life led the whole world, especially, the divers to come to Hurghada to enjoy the sea life in it. The warm waters here are ideal for many activities like diving and swimming all the year as the temperature degrees do not go below 18'c in winter. For this reason, Hurghada welcomes over than one million visitors seeking the charm of the sea.

The islands of Hurghada add more charm to the beauty of the sea here to offer more fun and excitement to the life of those who are looking for pleasure. Sea trips to these islands for snorkeling, fishing, or diving are among the activity one can enjoy while visiting these islands. Hurghada extends for about 40 km along the seashore of the red sea. The resort is a destination of tourists coming from all the different corners of the world and is served by the Hurghada International Airport with scheduled passenger traffic to and from Cairo and direct flights to several cities in Europe. The airport has undergone massive renovations to accommodate rising traffic. It attracts the Egyptians as well to come to settle in it. Today, it got 248,000 inhabitants and became the largest city on the coast of the red sea.

Hurghada Transportation

by pharaoh @ 2009-04-22 – 10:39:09

Transportation to the city

There are four means to come to Hurghada.

1- Air Travel

This is the only way to come from a foreign country. But It is also available between the major cities in Egypt, if you don’t want to waste your time.

2- Bus Travel

the most famous bus transportation company between cites in Hurghada is Elgouna Travel. Its Lines for the north cities only. It offers a meal and drinks in their journey. It is located in Elnasr St.

3- Car Travel

For most of the Egyptians, they like car travel for it is much faster and more cheap. It covers all the cities from north to south.

4- Sea Travel

and these sea trips are only for two directions, the first from- to KSA and the second is from – to Sharm Elsheikh

Transportation inside the city

The public means of transportation in Hurghada are quite good compared to usual Egyptian standards.

In Hurghada there are three major means of transportation.

1- Microbus;

It is the most populated means in Hhurghada. It transport several passengers at the same time; 14 passengers maximum; it covers most of the city. The only communication means is to raise your hand to stop for you so it hasn’t a scheduled stops. The cost in the longest trip doesn’t exceed 2 EGP. So If you have your family and want to pick a microbus for your own sake, the average cost inside Hurghada is 15 EGP, for usually the driver will mention a very high price for the transportation, do not deal with him, but mention simply your price, and go away slowly, waiting for his reaction. And don’t forget there are a plenty of others.

Taxi

2- Taxi

It is the most comfortable transportation mean you may have in any cit, for it safes your efforts and time. As we have mentioned before the only communication means is to raise your hand. Most of the drivers turn off their taximeter, so rarely you will find someone agree to switch it on, and when he does observe the taximeter counters carefully. You have to negotiate with them. But put in your mind that every km costs about 1 EGP.

3- Minibus

It hasn’t scheduled stops, and still new in Hurghada, so It doesn’t cover most of the city. Its capacity about 30 passengers.

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Red Sea Real Estate Projects, Hurghada Nile Palace

by pharaoh @ 2009-04-17 – 09:56:23

Small areas, low price, hotel services, own your vacation property forever.

NILE PALACE
Is a new project wit hotel services located in Elkawthar, the heart of the most fascinating district we have in Hurghada directly opposite to Sindbad Hotel. Only one walking minute from the Tourist Elmamsha Street (Village Road) where the tourist spend the most lovely moments of their life in its bars, discos and coffee shops. It is situated amongst some of Hurghada biggest and most popular hotels. The bustling centre of Hurghada is just 2 minutes drive away. Hurghada_elkawsar_project_sale_NPA01

NILE PALACE
Offers spectacular views of the Red Sea with its islands. As, it enjoys a marvelous views over the other hotels located in the Villages road. It is a hotel project which is provided with all the services you may find in other hotels like the swimming pools, commercial shops, café, restaurants, laundry, and pooling center.

Facilities & Benefits
· Stunning sea views from the front apartments of the Red Sea with its islands.
· 2 minutes walk to get the beach.
· There are a lot of services like restaurant, coffee shop, laundry, security services, gardens, swimming pool, central Satellite, DSL, Elevators
· The building is provided with the security and house keeping services.
· Maintenance for all the life by putting a deposit of 3000$ on the name of the project
You can find other facilities out there for the location is well chosen, you can find pooling center, other commercial shops, super markets like Metro Super market. A Hospital, Bazaars, restaurants, coffee shops, banks, in brief you can find all kinds of life activities there.

Finishing
The apartments are being sold unfinished, but it is according to the customer wish if he wants the developer to finish it for him or not according to his needs. Also the buyer has the choice if he wants to finish by himself. Read more about finishing techniques

Hurghada_elkawsar_project_sale_NPA03

and costs.
Location
Completion

NILE PALACE was started to be built late 2008 and the apartments will be finished by June 2009 and then delivered to the owners of it, while the rest of the building is supposed to be finished by August 2009.

Prices
   Type beds Location m2 USD EGP
   Studio-1bed 1 bed Sea view 75 47727 262500
   Pool view
   Apartment 2 bed Pool view 82 44727 246000
   Apartment 2 bed Pool view 95 51818 285000

Payments for this development are payable in EGP, convert the price to your local currency. The prices in other currencies are for

Hurghada_elkawsar_project_sale_NPA06

illustration purposes only and will vary according to current exchange rates. See below to calculate actual prices at today

Payment Schedule

50% upon signing contract
50% on a 12 monthly payments

There is no commission here