The residential complex
Florence-Arabia Residential Resort is a gated community of luxury
constructed sunny apartments. This development consists of 1500 European
style apartments and is a selection of studios, 1, 2 and 3 bedrooms. The
apartments have amenities such as communal gardens, large swimming pools in
the gardens and private beach.
Location:
The exclusive Florence-Arabia Residential Resort, located in unique area in
Hurghada between the romantic Arabia and Zahabia resorts in Arabia district
of Hurghada city. It is built on both coastal and second lines, facing the
peaceful Red Sea with its azure waters and is surrounded by beautiful
gardens with integrated large swimming pools. It is one of the most
accessible locations, only 5 minutes from the bustling town centre of
Hurghada and 15 minutes driving to El Gouna, where 18-hole PGA professional
golf course are and Hurghada International Airport reachable in just 10
minutes driving. This fantastic residential resort consists of 22 blocks
(ground plus 4 floors) on the second line and 6 blocks on the first line by
the sea with its own beach, which encourages you to linger or just take a
short walk along the seaside to the centre for shopping or dining.
Apartments offer spectacular views to the Red Sea or to the swimming pools
and are finished in European high level quality standard.
Prices:
Prices start from £500 per square meter up to £1000 growing from the phase
No 1 to the phases No 2 and No 3
The prices for the
average sizes flats of the Phase No 1 are:
Studio 44 m2 from £22,000
1 bedroom 73 m2 from £36,500
2 bedrooms 93 m2 from £46,500
3 bedrooms 120 m2 from £60,000
The prices for the average sizes flats of the Phase No 2 are:
Studio 44 m2 from £
1 bedroom 73 m2 from £
2 bedrooms 93 m2 from £
3 bedrooms 120 m2 from £
3 bedrooms 120 m2 from £60,000
The prices for the average sizes flats of the Phase No3 are:
Studio 44 m2 from £
1 bedroom 73 m2 from £
2 bedrooms 93 m2 from £
3 bedrooms 120 m2 from £
Discounts:
The discount options offered on the Florence Arabia have been designed in
such a way that everyone can participate and get a good discount which can
make what is already a great investment into a superb investment.
Multi-purchase investments of 2 to 4 properties get a 3% discount on every
property purchased but if 5 or more are purchased this discount increases to
5%.
Payments:
Payment terms for each sale are as follows:
£2000 initial deposit
40% on contracts (normally within 10 days)
30% interim payment
30% less reservation fee on completion
Delivery October 2009 for the Phase No 1
Delivery October 2010 for the Phase No 2 & 3
Facilities:
Tropical gardens.
3 large swimming pools, including children’s section.
Children’s play area.
On site lifeguard.
Restaurant offering various cuisines.
Fully equipped gymnasium.
Café Bar with Internet business centre.
Supermarket.
Satellite TV, telephone and internet points to all units.
Laundry service, which also offers rental changeovers (chargeable locally)
Manned 24 hour gated security.
Full maintenance and repair service (chargeable locally)
All facilities are run and managed by developer to maintain quality of
service.
Benefits:
10 year builder’s guarantee.
All properties are FREEHOLD.
All properties are completed to European finish.
10 minutes from Hurghada airport.
20 minutes from El Gouna golf course.
Excellent investment potential
Management and Maintenance:
The maintenance and management of the Florence Arabia Resort will be carried
out by the developer itself, ensuring highest level of the quality standards
possible.
The annual maintenance fee will be starting from £400 for studios, £500 for
one bedroom, £600 for two bedrooms and £700 for three bedrooms apartments.
Facilities that will be covered by the maintenance and management
charge are as follows:
24hr manned security
Onsite lifeguard (set times through the day)
Cleaning of the swimming Pools
Cleaning of the gardens and public areas
Electricity within public areas
Water supply within the public areas
General maintenance of the public area
2 yearly re-generation / external decoration program
Weekly refuse collection
Facilities that will not be covered by the
maintenance and management charge are as follows:
Laundry / maid service (local charge applies)
Café with internet business centre (local charge applies)
Restaurant offering various cuisines (local charge applies)
Supermarket (local charge applies)
Sight seeing tour operator (local charge applies)
Full rental management service (local charge applies)
Taxi service and airport pickups (local charge applies)
Wi-Fi internet connection
