Property Details
OVERVIEW
Hurghada’s big success story during 2010 has been the launched of the three different Tiba Projects in the El-Ahyaa area of the town. Due to a combination of incredibly affordable prices, an excellent location just a short stroll from a public beach, plus a full complement of essential facilities such as a swimming pool, elevators and balconies for the majority of apartments, all being built by a rock-solid developer with some of the best credentials on the Red Sea, sales on the three developments have been so brisk that demand for the most affordable units has exceeded supply many times over.
In order to try and keep up with demand, the developer has now rush-released their fourth project in the Tiba series with the launch of Tiba Garden, which offers all of the same benefits as Tiba Towers 2, Tiba Heights and Tiba Palace. Located on the opposite side of the street from Tiba Towers 2, Tiba Garden is the closest of all of the Tiba projects to the public beach in El-Ahyaa and also the shopping mall which is under construction.
The starting price for a 1 bed apartment in Tiba Garden is just GBP9,773. With just a dozen of them available, however, and a waiting list of buyers who were disappointed at missing out on buying in Tiba Palace, we are expecting all of the available studios in this development to sell out in a matter of days, if not hours.
As a result, if you are interested in buying into the best value development available on the Red Sea today, contact us now to secure your unit before it’s too late.
LOCATION
Tiba Palace is located in the fast growing area of Al-Ahyaa, which has been recently designated for extensive touristic development, with many hotels under construction.
It is located 15km north of the current border of Hurghada, with the luxury resort community of El Gouna, with its PGA Championship golf course and Abu Tig Marina located just 10km in the opposite direction.
Hurghada International Airport and the town's downtown area are both just 20 minutes away by taxi.
Locally, Tiba Palace benefits from an excellent location, less than five minutes’ walk from the main public beach in the area. A new shopping mall, which will be the largest in the Hurghada area, anchored by a hypermarket, is just 500m from here, together with many other planned tourist attractions including a sound and light show.
FACILITIES & BENEFITS
• Located less than five minutes' walk from a public beach
• Good location in the heart of the fast evolving Al Ahyaa area of Hurghada.
• Large swimming pool on site
• Gardens around the project
• Centralized satellite television, telephone and internet links to all apartments
• High speed internet to all apartments
• Elevators to all floors
• 24 hour security
• Ten years' builders' guarantee
• Low annual maintenance fee of just LE2000 (GBP220/EUR250)
PRICES
(See attached availability list)
FINISHING
• Polished ceramic tiles throughout
• Tiling in bathrooms and kitchens
• Windows and doors installed throughout
• Rendered walls painted
• Electrical installation with power points and light switches
• Pre-installation for digital TV and telephone sockets
• Stainless steel sink with mixer taps in kitchen area
• White porcelain sanitary fittings in bathroom (toilet, sinks and bath/shower) with mixer taps
• Pre-installation for air conditioning.
COMPLETION
Construction on Tiba Garden will start in January 2011. The development is scheduled for completion on 30 September 2012.
PAYMENT SCHEDULE
• Reservation fee of LE5000 (GBP600/EUR670) refundable for 28 days.
• 40% deposit (less the reservation fee) due upon contract.
• 45% payable until 30 October 2012 in quarterly installments
• 15% upon completion
Price quoted is for a 37m2 1 bed apartment