One bedroom apartments with garden and pool view

Only a 5-minute drive from Sharm International Airport.

Less than 500 m from the famous Beach Boardwalk which encompasses 27 major 5-star hotels
and a variety of aquatic entertainment activities.

5-minutes away are the illustrious shopping arcade in the center
of Nabq which hosts a variety of stores,entertainment establishments and
restaurants.

Two fully equipped professional 18-hole golf courses close by.

Whether it is night clubs,night safaris, or even night diving, the
legendary Nabq Nightlife surrounds the property from all directions.

Phase I

Phase I consisted of 106 two bedrooms ALL sold within 10 months

Phase II

Phase II consists of 104 apartments divided into one bed 74m and the larger two bed 90.5m units.

Special emphasis has been given to visual comfort whereby almost 75%
of the project has been allocated for landscaping and greenery. An assortment
of services and facilities has been carefully selected in order to make living at Sharm
Height II a memorable experience every day. In simple terms, Sharm Height II
offers new investors the opportunity to become a part of this one of a kind
coastal paradise. Built with the highest quality materials and finished internally with marble
floor tiles, granite kitchen work tops and quality ceramic tiles.

Sharm Heights is not just a property but rather it’s a way of life and as such it needs
to be constantly maintained in order for it to retain it grandeur. This lifestyle offers
the following:

• 3 Year payment facilities with ZERO interest
• Special Membership for beach access at 5-star hotel
• 24-hour perimeter security
• Wireless internet connectivity
• 3 Swimming pools, tennis courts, football fields
• Cleaning & maintenance of public areas
• Cleaning & maintenance of landscapes & greenery
• Cleaning & maintenance of swimming pools
• Upon Request Housekeeping
• In house Maintenance team available 24 hours
... And much more

One bedroom apartments 74.5 sqm are located ground floor with small gardens or first and
second floor with balconies and pool/ garden views.

Prices from £35,515.

Payment Plan

20% deposit at sales contract stage - £7,103

70% interest free payments over 3 years - £2,071 a quarter

10% on completion handing keys over - £3,551

Taxes:

Egypt has very few taxes which is one of the strong driving forces behind the high
level of foreign investment in the country. Egypt works on a self declaration taxation
system where rental income derived from furnished property is classified in the
same bracket as general income tax. The taxable income is 70% of the gross rent,
the other 30% being allowable deductions as income generating expenses. Property
which is valued for under LE 500,000 (approximately £ 57,000), as well as property
with annual rental income of less than LE 6,000 (Approx. £ 690) are exempted.
Those properties that do not fall under this exemption are subject to a flat 10% tax
on the 70% of the yearly rental income.

Egypt does not have capital gains tax, inheritance tax or stamp duty. The only other
relevant tax is 2.5% sales tax on the total sale price which be payable if the property
is re-sold after completion