FAQs
1) Where is the Sunset Pearl Beach Resort?
The Sunset Pearl Beach Resort can be found in the exclusive resort of Sahl Hasheesh, near the town of Hurghada, Egypt.
2) How many properties will there be at Sunset Pearl?
This resort will comprise of 450 luxurious studio, one, two and three bedroom apartments.
3) Are the properties freehold or leasehold?
All the properties are freehold.
4) Who is developing Sunset Pearl?
Worldwide Destinations are the developers of Sunset Pearl Beach Apartments.
5) Has the Developer got land title?
Yes, the developer has full legal title to the land.
6) What Licenses have been granted?
All the necessary licenses and planning permissions have been obtained, and are available on request.
7) What are the payment terms on the property?
Pre-launch prices start at £60,000. We facilitate an effortless payment plan in five simple steps. First payment of 10% deposit. Three further payments of 10% within a 6 month period. A final 60% upon completion paid with either an arranged mortgage* or cash.
*Mortgage subject to status.
8) Can the properties be bought in a company name?
Yes, but companies cannot take out the mortgage.
9) Can you inform me of a legal firm that could help me?
Lifetime Lawyer - please see point above, or alternatively, our lawyers in Egypt: United Lawyers: +2 010 1138400, Tel/Fax: +2 065 346 20 71/72.
10) Are mortgages available?
Yes, a capital + repayment type mortgage, subject-to-status, on 60% of the purchase price is available at 7.9% flat rate for a maximum period of 10 years.
11) What is the name of the bank handling the mortgage?
Refer to document ‘Sunset Pearl Mortgage Package’
12) What are the details of the mortgage package?
Refer to document: ‘Sunset Pearl Mortgage Package’.
13) What is the yearly maintenance fee?
The yearly maintenance fee will be approx GBP 600 per annum (yet to be confirmed).
14) Is there a builder’s warranty on new build, if so how long?
Yes, warranties for new build are for two years (yet to be confirmed if longer).
15) What type of running costs should the client expect?
Apart from the annual Real Estate Tax of EGP 500 (approx. GBP 50) and the annual maintenance fee of approx. GBP 500, there will be utility (water + electricity) charges substantially lower than by European comparison.
16) Will the apartments have sea views?
All apartments will either have a sea, mountain or golf course views
17) Will there be a rental pool?
Yes, with rental prices based on our achievable rental return calculations – refer to our sP Rental Return document.
18) How long is the rental season?
12 months.
20) What is Egyptian Design & Finish?
Normally in Egypt a new build property is sold as a shell. Doors and windows are not installed, walls and floors are not finished, and kitchens and bathrooms are not equipped.
21) What is European Design & Finish?
European Design & Finish includes; polished ceramic floors, tiling in kitchen and bathrooms, windows and doors installed, all electrical installations, pre-installation for digital TV platforms as well as sockets for telephone, television and data lines. Fitted kitchen with base units, stainless steel sink, granite worktops and mixer taps. Bathroom sanitary fittings in white porcelain (toilets, sinks, baths showers) with mixer taps and extractor fans. Bedrooms with fitted wardrobes.
NB: We will be providing European Design & Finish.
22) Are the properties sold fully furnished?
Furniture and kitchen appliances are not included in the sale price, but will be available as furniture packages.
23) What are the purchase costs?
Registration of the unit and lawyer fees will be approx. £995 (yet to be confirmed) .
24) What are the lawyer’s fees involved in the purchase of the apartment?
See above.
25) Is there a Real Estate Tax?
There is an annual Real Estate Tax of EGP 500 (approx. GBP 50).
26) Is there any Stamp Duty?
No.
27) Is there any Government Tax?
No.
28) Is there any Capital Gains Tax or V.A.T?
No.
29) Is there any Inheritance Tax?
No.
30) Can I sell my property at any time?
Yes.
31) What are the facilities in development, immediate and surrounding areas?
A number of world class golf courses are to be built around the development, within walking distance.
Swimming pool and bar, gardens, internet café/business centre, gymnasium, games room and laundry – all within a gated environment. For information on surrounding area refer to brochure.
32) How long are the seasons in Hurghada?
The Red Sea Riviera’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 15ºC (59ºF) in winter, with cool nights, to 30ºC (86ºF) in summer, with comfortable warm nights.
33) 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
34) How do you get there?
Egypt's national air carrier is EgyptAir, and Air Sinai also has good connections in Egypt. Most travellers come into Egypt through Cairo, although people are increasingly disembarking at Alexandria, Luxor, Aswan, Hurghada (Al-Ghardaka) and Sharm el-Sheikh. These airports are serviced by a number of smaller carriers and charter companies with direct connections to Europe. Refer to attach document ‘DP Europe Direct To Hurghada’. BA fly twice a week from Gatwick directly to Hurghada
35) Are there any websites you can recommend?
http://egypt.travel