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Posted by mariajane (Member # 7209) on :
 
hi has anyone bought an apartment in Sharm
any info and advised would be great
we are going in the next few weeks to look at some off plan developments anything we should look out for
any advise on the legal side any pitfalls to look for?
thanks maria
 
Posted by sharmer (Member # 5738) on :
 
hi mariajane..

e-mail me if u have any questions..

sharmer@ehotelier.com
 


Posted by bergamo (Member # 7123) on :
 
deary maria
good day
when u will be in egypt pls feel free to contacted me i am legal accountant in international law firm
best wishes
mohamed

quote:
Originally posted by mariajane:
hi has anyone bought an apartment in Sharm
any info and advised would be great
we are going in the next few weeks to look at some off plan developments anything we should look out for
any advise on the legal side any pitfalls to look for?
thanks maria


 


Posted by Mr Small (Member # 7071) on :
 
Hi there.The wife and I are off there on thursday(21st) to hopefully buy a place,we are only going for a week.If we are back before you go we will let you know how we got on.Stu.
 
Posted by mariajane (Member # 7209) on :
 
quote:
Originally posted by Mr Small:
Hi there.The wife and I are off there on thursday(21st) to hopefully buy a place,we are only going for a week.If we are back before you go we will let you know how we got on.Stu.

hi hope you have a good time have you made any contacts there who will show you round and what developments are you looking at
we are travelling out on the 28.4 so will miss your reply maria

 


Posted by Mr Small (Member # 7071) on :
 
If by some miracle you get to read this in sharm,we are dealing with H.Kirker Exclusives in Naama bay.She is located in the Fun park on the peace rd just as you come down off of the hill from Habada.Let me know how you get on.Stu.
 
Posted by mariajane (Member # 7209) on :
 
hi stu
returned yesterday 1.5 and we have found a property we wish to buy in Nabq bay a 2 bed apt have you bought yet? if so where.
very nervous but also excited our apt won't be ready until end of 2006. not to sure of how it all works ie the legal system and if there is anything we may have missed.
how did you find it?
maria
 
Posted by Mr Small (Member # 7071) on :
 
It was a bit of a nightmare because its completely different from buying in the UK.We have bought A new 2 bedroom apartment in Hadaba,which is the part of sharm just the other side of Naama bay from the airport.We had to take a trip 100km up the coast to El Tor to get a one year residents visa and also to give the solicitor power of attorney.You then pay a deposit,sign some paper work and once you get home pay the seller by money transfer.To be quite honest you are putting an awfull lot of trust in people you have only just met.The fact that our estate agent/property manager is british and married to a Egyptian and has got a reputation to upkeep is all good.If she is going to rip anyone off,she can only do it once and I am sure she would do it for more than £36,000.It was not a holiday,but we got done what we needed to.I will keep you posted on further developments.Stu.
 
Posted by Mr Small (Member # 7071) on :
 
Dont want to freak you out but i have just been told that there is a ban on foreigners buying property or investing money in businesses in the Sanai area??? I am tring to find out more.
 
Posted by mariajane (Member # 7209) on :
 
hi mr small
i hope it means buying freehold property as we have been advised from april all property will now be leasehold with 99 year lease for foreign investers please advise when you here anything
maria
 
Posted by mariajane (Member # 7209) on :
 
mr small
anymore more news on this
what did you find out
are you still continuing with the purchase?
maria
 
Posted by Mr Small (Member # 7071) on :
 
We had an email from the estate agent this AM,saying that the contracts have all been signed,the money paid and that the apartment is now ours.I phoned the lawyer and asked him about the lease/free hold thing and he said that it was talked about a couple of years but was never actually bought in,but I am not quite sure about the fact that we are not supposed to be allowed to invest or purchase property at the moment.I was told not to worry,everything will be fine,which I took to mean that these things are not set in stone and if you know the right people and pay the right bribe it will all be sorted out.If I hear any more I will let you know.
 
Posted by Mr Small (Member # 7071) on :
 
We have just had confirmation that you can no longer,as a foreigner,buy property on a freehold basis.You can only buy on a 99 year lease,we will have to pay a small (£6 a month) maintainance fee,which we already knew about but there is no annual ground rent fee as in the UK.We where basically lied to by the estate agent who told us, bare faced that there was no such thing as lease hold, it is all free hold.But what can we do.Apparently,when we do sell it the lease gets extended to 99 years again.Its all to do with keeping the land in egyptian hands I think.
 
Posted by mariajane (Member # 7209) on :
 
hi That is what we were told the law i think was only chanded on 5.4.05 that is what our contract stated, but if in furture it returns that foreign investors can purchase freehold our contract will return to freehold we also have a 99 year lease with no ground rent - at the moment, who knows if that will change as well.
when do you hope to visit your apartment or have you already been. Is it all furnished? or are you doing that when you get there? good luck maria
 
Posted by Mr Small (Member # 7071) on :
 
It is all fully furnished and ready to go.As the apartments are brand new so is everything in them,washing machine,fridge freezer and air con in every room.It is in the Hadaba area of sharm,about 200m from the top of the cliff that over looks the dive site called temple,near the hotel that does very loud aerobics in italian most of the day.We will be out there in august sometime,then november and then january.We have already booked the nov & jan flights,£69 each way with red sea flights.com. Have you bought your place yet? Stu.
 
Posted by andy cullers (Member # 7853) on :
 
Hi
my self and a friend went to Sharm four weeks ago and ended up in Sharm El Sheikh Real Estate dealing with a man called Tarek El Saadi.
We think that we are in the process of buying a place in Nabaq but the contract is a bit iffy
has anyone heard of Sharm Real Estate or Tarek or is anyone buying at the Hilton Oyoun,Nabaq?
 
Posted by John White (Member # 7878) on :
 
quote:
Originally posted by andy cullers:
Hi
my self and a friend went to Sharm four weeks ago and ended up in Sharm El Sheikh Real Estate dealing with a man called Tarek El Saadi.
We think that we are in the process of buying a place in Nabaq but the contract is a bit iffy
has anyone heard of Sharm Real Estate or Tarek or is anyone buying at the Hilton Oyoun,Nabaq?


Andy
Myself and my wife are buying apartment number 24, 2 bed at Hilton, off plan. It has given us a lot of confidence knowing that the Hilton are involved, surely a Hotel chain with such worldwide reputation cannot be involved in anything that is iffy!!We are due to pay first 25% deposit to Sharm real estate on 6th June (Tarek).
We have not yet signed our contract as we were leaving on that day. Tarek has sent us a copy of a contract, and guess what "your name is on it" along with Ralph Richman's. Get in touch to discuss. Do you have a phone number? mine is 07990978712
John

 
Posted by ali2005 (Member # 7867) on :
 
quote:
Originally posted by mariajane:
hi has anyone bought an apartment in Sharm
any info and advised would be great
we are going in the next few weeks to look at some off plan developments anything we should look out for
any advise on the legal side any pitfalls to look for?
thanks maria

hi are you still interested in a flat in Sharm contact me at logina@link.net

 


Posted by ali2005 (Member # 7867) on :
 
quote:
Originally posted by mariajane:
hi has anyone bought an apartment in Sharm
any info and advised would be great
we are going in the next few weeks to look at some off plan developments anything we should look out for
any advise on the legal side any pitfalls to look for?
thanks maria

hi are you still interested in a flat in Sharm contact me at logina-resort@link.net

 


Posted by andy cullers (Member # 7853) on :
 
quote:
Originally posted by ali2005:
hi are you still interested in a flat in Sharm contact me at logina@link.net

Hi, I am in the process of buying in Sharm.
There are some problems here and there.
you can email me on andycullers@yahoo.co.uk
 


Posted by Blade13 (Member # 7975) on :
 
I am also looking at sharm
 
Posted by orthosmile (Member # 8098) on :
 
Please help,Bergamo
I'm an italian dentist graduate in italy with a post graduate specialization in orthodontic.
I want to move in Egypt (Sharm el sheik) and I'm wondering if with my degree is possible to work over there.
Do I have to ask ministry of egyptian health for a convertion of my degree?
What is required to open a private dental clinic?
I've tried so many time to get these information from Embassy or consulate but I had no answer or no help as well ,because nobody is able to give me this kind of information.
CAn you mediate all burocratic paper for me?
We( me and my husband) want to bring our cars in Sharm and our dental equipment.
What about visa?
And Taxes?
If I work in Italy do I have to pay italian or egyptian taxes?
How much would us cost this brokerhood?
If you can't help us could you give me the right contact to get this kind of information?
Nobody is able to give me this kind of information!No Embassy no consulate, is that possible?
Waiting for a reply.
Thank
Beast regards
Dr. Loredana Bottalico


 


Posted by sheri77 (Member # 4180) on :
 
........

[This message has been edited by sheri77 (edited 02 July 2005).]
 


Posted by sharmer (Member # 5738) on :
 
hi andy,

i wonder why u specially choosed offplan , is that out of ur low budget or u r interested to take something in Hilton or maybe Nabq.did tarek left u the way to chosse, or u were forcedly asked to take it.
let me know i might help.as im a real estate agent.

can i ask you hoe much commission did he ask u for a buyer?
sharmer@ehotelier.com
 


Posted by Norway/Sharm (Member # 8240) on :
 
Hi. I have just bought an appartement in Nabaq(el hayat sharm)from Tarek El Saadi at Sharm real estate. everyone i have talked to had only god things to say about this company. It gives me some confidence to know that sharm real estate is dealing with the Coldwell Banker.
The commission is 1.5%
(my english is not so good)
 
Posted by sheri77 (Member # 4180) on :
 
Mr. Big Mac,

I think you have confusing info , Mr tarek is working in Sharm El Sheikh Real Estate, but Sharm Real Estate belongs to Coldwell Banker.El Hayat sharm is a nice project , it's beed all sold out for English people from England. so u dont need to worry about.and Coldwell Banker are taking this project exclusively..

regards,

isherine@hotmail.com
 


Posted by Tony (Member # 8400) on :
 
Being a regular visitor to Sharm, I have recently purchased a property at the Hilton Sharm Dreams in Naama Bay.The whole buying proceedure was dealt with in a professional manner by Tarek and his team at Sharm Real Estate. ( opposite Pacha nightclub ) Being spoken to in perfect English with no misinformation whatsoever, one did not really feel like a foreigner.
The only point I would like to add, and this was brought to my attention by Tarek, is that in order for any purchasing contracts to go through the Cairo Courts they must be both in English and Arabic.
I would therefore have no hesitation in recommending Sharm Real Estate, who are a fully independent company, to anyone.


 


Posted by Tony (Member # 8400) on :
 
Have done business with Tarek..100% o.k.
 
Posted by Tony (Member # 8400) on :
 
.........
 
Posted by Mr Small (Member # 7071) on :
 
Dont forget though that all coldwell bankers in Egypt are franchises,trading under the coldwell banker name.
 
Posted by Ruth (Member # 8470) on :
 
Just been reading your comments about your agent in sharm would that be vicky, at the moment we are buying a property through her and would like to know how it all went. As you say it is a bit scary, and we are putting a lot of faith in a person we have only known a short while. We live in Australia, and it is long flight to keep flying over there not to mention the expensive. Could you let me know how you went with her, and your impression of her.
Ruth


 


Posted by Tony (Member # 8400) on :
 
Hi Ruth, from which estate agent are you buying, Coldwell Banker? As I have previously mentioned, my dealings were with Sharm Real Estate, who, contrary to some misinformed postings on this site, are not owned by nor affiliated in any way to Coldwell Banker.
However, I can understand your being somewhat apprehensive, having had the same experience myself. All I can say is try to keep updated with regular e-mails as sometimes out of sight is out of mind! Good luck!
 
Posted by steviewoods (Member # 8756) on :
 
Hi Everyone who has been brave enough to buy in Sharm. I'm off there to look at property on Thursday 1st Sept.
If anyone's got any advice to offer, now would be a great time, PLEASE!!!!
Steve Woods
 
Posted by Mr Small (Member # 7071) on :
 
Be ready for a culture shock,it is nothing like buying in the UK.You have to become a temporary resident and get a residents visa which involves a day trip to the admin capital of El Tor which is about 100km up the coast towards Cairo.If you are lucky you will not be stuck in El Tor for to many hours as there is nothing there to see,and I mean nothing.Apart from that,make sure they do there exchange sums correctly because they worked out that an apartment on the market for LE360,000 would cost us £50,000.We said that if we where to buy we would change the money ourselves and pay in egyptian,I thought the estate agent was going to start crying.All i can say is try H.Kirker as she seemed OK to us and fast aswell.We will be out there ourselves on the 30th aug and I know there is still an apartment(new) for sale in our block in Hadaba.
 
Posted by steviewoods (Member # 8756) on :
 
Thanks for your comments Mr Small!
I've tried to contact Helen but no reply yet. Hope I have the right contact data. Is your property finished and in use? or are you on a progress chasing visit?
 
Posted by Aaria (Member # 8770) on :
 
Hello Mr Small. Hadaba is the area which I am looking into buying an apartment. You say there is one left in your block. would you mind giving me the details of this and any internet sites i can look at pictures. Any ifo is appreciated. Many thanks

 
Posted by Aaria (Member # 8770) on :
 
Tony, Would you mind telling me how much you paid for your apartment in the Hilton Dreams Resort. And also how many bedrooms it has. Many thanks

Aaria

 


Posted by Penny (Member # 1925) on :
 
This is the link for Sinai Times, they carry adverts for most of the Agents in Sharm
http://www.sinaitimes.com/

Also try the British run agency: http://pioneerproperty.org/

[This message has been edited by Penny (edited 27 August 2005).]
 


Posted by Mr Small (Member # 7071) on :
 
Hi aaria,If you go to www.hkirkerexclusives.com it may be there still if it has not been sold.We are out there next week so I will ask her what she has got on her books.stu.It is in Ard el mizad area of Hadaba.
 
Posted by sirwinb (Member # 8817) on :
 
Hi we just put deposit on property in Hay Noor near new Church close to Delta Sharm. Good place to look for flats with price around 225K EPG for 2 bed flats. Be prepared to negotiate hard and watch out for price mark-up from some estate agents sometime they try to sneak 10-20% into original seller price. We have seen this on same properties shown by different agents!
We found this Estate Agent very helpful, open and honest
Tel: 069 3600978 Fax: 069 3600978
Alex mobile: 010 3312344
e-mail: nour_alex_5@hotmail.com http://www.nouralex.com/english.htm


quote:
Originally posted by Mr Small:
Hi aaria,If you go to www.hkirkerexclusives.com it may be there still if it has not been sold.We are out there next week so I will ask her what she has got on her books.stu.It is in Ard el mizad area of Hadaba.


 


Posted by sirwinb (Member # 8817) on :
 
We found Pioneer a total waste of time kept pushing properties we were not interested from Dar EL Rabwah near Rome Threater over priced as well.They tried to sneak in extra 20% into original seller price on property in Hay Noor for the same properties shown by different agents! So watch what for this type of mark-up trick.


quote:
Originally posted by Penny:
This is the link for Sinai Times, they carry adverts for most of the Agents in Sharm
http://www.sinaitimes.com/

Also try the British run agency: http://pioneerproperty.org/

[This message has been edited by Penny (edited 27 August 2005).]



 


Posted by Mr Small (Member # 7071) on :
 
Hi Aaria,just got back on friday and there are 2 apartments left.One is the large roof flat with a pool at LE800000 and the other is 350000 for a 2 bedroom fully furnished.We bought ours in april and this was our first visit to it.Apart from a bit of easily sorted trouble from 1 of the A/C units everything was fine.We had time to have a really good look around the immediate area and the more I saw the better it got,clifftop bar,great pizza restaurant,bakery and 3 supermarkets all very close and you can wall to the beach in about 5 mins.If you need any more info just ask.

[This message has been edited by Mr Small (edited 11 September 2005).]
 


Posted by Arabia (Member # 9276) on :
 
i'm looking for a Partner in Motor Sport Event Organization
 
Posted by Arabia (Member # 9276) on :
 
quote:
Originally posted by orthosmile:
Please help,Bergamo
I'm an italian dentist graduate in italy with a post graduate specialization in orthodontic.
I want to move in Egypt (Sharm el sheik) and I'm wondering if with my degree is possible to work over there.
Do I have to ask ministry of egyptian health for a convertion of my degree?
What is required to open a private dental clinic?
I've tried so many time to get these information from Embassy or consulate but I had no answer or no help as well ,because nobody is able to give me this kind of information.
CAn you mediate all burocratic paper for me?
We( me and my husband) want to bring our cars in Sharm and our dental equipment.
What about visa?
And Taxes?
If I work in Italy do I have to pay italian or egyptian taxes?
How much would us cost this brokerhood?
If you can't help us could you give me the right contact to get this kind of information?
Nobody is able to give me this kind of information!No Embassy no consulate, is that possible?
Waiting for a reply.
Thank
Beast regards
Dr. Loredana Bottalico


Contact Me
+2012 222 34 36
csdsafari@yahoo.com
Emg. Tamer

 


Posted by Arabia (Member # 9276) on :
 
quote:
Originally posted by orthosmile:
Please help,Bergamo
I'm an italian dentist graduate in italy with a post graduate specialization in orthodontic.
I want to move in Egypt (Sharm el sheik) and I'm wondering if with my degree is possible to work over there.
Do I have to ask ministry of egyptian health for a convertion of my degree?
What is required to open a private dental clinic?
I've tried so many time to get these information from Embassy or consulate but I had no answer or no help as well ,because nobody is able to give me this kind of information.
CAn you mediate all burocratic paper for me?
We( me and my husband) want to bring our cars in Sharm and our dental equipment.
What about visa?
And Taxes?
If I work in Italy do I have to pay italian or egyptian taxes?
How much would us cost this brokerhood?
If you can't help us could you give me the right contact to get this kind of information?
Nobody is able to give me this kind of information!No Embassy no consulate, is that possible?
Waiting for a reply.
Thank
Beast regards
Dr. Loredana Bottalico


Conatct me
csdsafari@yahoo.com
+2012 222 34 36
 


Posted by mtwatson (Member # 9345) on :
 
Hi

We recently purchased a property in Sharm and was helped by Samia at Red Sea Property Services. She fluent in English and helped us through all the hurdles and was on our side when it came to negotiating the price. If anybody wants her contact details please let me know.

Regards
Malcolm
 


Posted by ali2005 (Member # 7867) on :
 
quote:
Originally posted by steviewoods:
Hi Everyone who has been brave enough to buy in Sharm. I'm off there to look at property on Thursday 1st Sept.
If anyone's got any advice to offer, now would be a great time, PLEASE!!!!
Steve Woods

hi are you still looking for an apartment in Sharm El Sheikh
There is a 2 bedroom ,large L shaped reception/living room kitchennette bathroom with tub at logaina sharm resort. Ready to move in
check the site at www.logaina.com
with all the benefits of the resort (swimming pools,security resturant etc.
If interested contact logina-resort@link.net or make a visit

 


Posted by Des (Member # 9479) on :
 
Hi Everyone,
Just back from Sharm, plenty of property for sale
bit pricey in my book BIG BUT?? not too happy
with contracts and paperwork, be very careful
before parting with cash.

Des
 
Posted by martin60 (Member # 9841) on :
 
Just bought a flat in sharm and had a nightmare. Sorry having a nightmare as still not sorted. Using an estate agency called Caldwell Banker (i,m sure its rhyming slang!!) Made several mistakes so if you want some advice give me an e-mail. Beware of:- wrong information / mixed messages and get everything in writin gin english. i know it's a pain but worth it in the end. Also, make sure you have a lawyer as you have to go through several hurdles such as power of autorney and getting a years visa (worst trip of my life).
Make sure the appartment is complete i.e. i bought one with no air conditioning or hot water!!
If you need info, drop me an e-mail.

Martin
 
Posted by Penny (Member # 1925) on :
 
quote:
Originally posted by martin60:
Just bought a flat in sharm and had a nightmare. Sorry having a nightmare as still not sorted. Using an estate agency called Caldwell Banker (i,m sure its rhyming slang!!) Made several mistakes so if you want some advice give me an e-mail. Beware of:- wrong information / mixed messages and get everything in writin gin english. i know it's a pain but worth it in the end. Also, make sure you have a lawyer as you have to go through several hurdles such as power of autorney and getting a years visa (worst trip of my life).
Make sure the appartment is complete i.e. i bought one with no air conditioning or hot water!!
If you need info, drop me an e-mail.

Martin

You need to have a lawyer right at the start of the buying process in exactly the same way you would in your home country. Why would you do anything any different in a foreign country. You should always have your contract in English along with anything else you are signing for. I understand the run around an agent might give you but the buying process is no different in Egypt to any other country. You are allowed to take the normal steps to protect yourself. The only difference is you need an awful lot more patience. With regard to Water and AC it is not unusual for appartments to be sold as just a shell where you complete everything yourself. You have to check the detail of exactly what you are buying just like you would any other contract. If it's not stated in the contract then assume you are not getting it. If your lawyer is any good then your trip to El Tour should take no more than one hour to complete everything.

Buying in Egypt is no different to anywhere else, just expect things to take longer. If anyone asks you to do something different then walk away.
 
Posted by Des (Member # 9479) on :
 
Hi Everyone,

Happy New Year to all, just a querry, has anyone
had dealings with Coldwell Banker in Sharm?
I am looking at an apartment they are selling>

Thanks,

Des
 
Posted by Jackie (Member # 9782) on :
 
HI Des, I am dealing with Coldwell Bankers in Sharm, everything is going well and I have had fantastic service, I am buying at the El Hyatt, where are you looking?

Jackie
 
Posted by ahmadsoufy (Member # 304) on :
 
just how much one flat 3 rooms in sharm alshique close 2 the center
 
Posted by Penny (Member # 1925) on :
 
quote:
Originally posted by ahmadsoufy:
just how much one flat 3 rooms in sharm alshique close 2 the center

Depends so much on location and facilities
Try this site as lots of agents advertise here:-

http://www.sinaitimes.com/
 
Posted by wapyaly (Member # 10271) on :
 
Has any of you guys purchased furniture yet? And do you have to pay extra for a/c? Have been speaking with quite a few agents I found on the net and an agent in Sharm. Still doing much research and was very interested in the changes from freehold to leasehold. Anyone know when this is going to be declared in law? Just waiting for a friend in Sharm to get back to us with a Lawyer in egypt to deal with the conveyancing and contracts. Seems like a good market to invest in, love sharm, visit every year. The info on tax seems rather vague and ambiguous? Anyone found weblinks on this taxation issue?
 
Posted by Gulfy (Member # 10089) on :
 
"Has any of you guys purchased furniture yet? And do you have to pay extra for a/c? Have been speaking with quite a few agents I found on the net and an agent in Sharm. Still doing much research and was very interested in the changes from freehold to leasehold. Anyone know when this is going to be declared in law? Just waiting for a friend in Sharm to get back to us with a Lawyer in egypt to deal with the conveyancing and contracts. Seems like a good market to invest in, love sharm, visit every year. The info on tax seems rather vague and ambiguous? Anyone found weblinks on this taxation issue?"


as far as I know, the leasehold law has already been issued last summer (in the form of a decree issued by the cabinet). the leasehold renews automatically at the end of the 99 year period, or when selling the property.

there is a 3% registration fee right now, but it looks like it will be changed soon to a fixed fee. The Egyptian government is trying to encourage property registration (heard over 80% of properties are not registered in egypt because the owners want to save the 3% fee). Is that the tax you are asking about!

i am also looking into buying a property in sharm. from what i understand, if you buy offplan, usually the advertised price does not include appliances, water heaters, and air conditioners. You will have to buy the "furniture package" to get these items.
 
Posted by Penny (Member # 1925) on :
 
quote:
Originally posted by Gulfy:
"
i am also looking into buying a property in sharm. from what i understand, if you buy offplan, usually the advertised price does not include appliances, water heaters, and air conditioners. You will have to buy the "furniture package" to get these items.

That is correct but would just warn the quality of appliances and furniture in these packs are very poor. I have heard of water heaters packing up within a year. It is much better to organise this yourself and go to Cairo and buy good quality furniture. Water heaters and airconditioning are avaiable in Sharm
 
Posted by Gulfy (Member # 10089) on :
 
Thanks Penny.

in general, would you end up paying more, less, or about the same if you do your own shopping as opposed to buying the "furniture package"!!!
 
Posted by wapyaly (Member # 10271) on :
 
thanks guys for all this information. We are taking our time, doing lots of research and currently have a friend in Sharm sourcing a lawyer for us. We are determined to buy, but are NOT going to hand over any money or sign anything without a lawyer present. I was interested in some info about the Hilton Sharm Dreams project, any weblinks or info on this?
 
Posted by Gulfy (Member # 10089) on :
 
here is a link to the egyptian government portal. has many resources and good information. most of it is in arabic though.

http://www.egypt.gov.eg/english/default.asp
 
Posted by Penny (Member # 1925) on :
 
quote:
Originally posted by Gulfy:
Thanks Penny.

in general, would you end up paying more, less, or about the same if you do your own shopping as opposed to buying the "furniture package"!!!

You can buy for less and get much better quality especially if you have your furniture hand made.
I am hoping to get some new furniture made in Cairo fairly shortly so by all means contact me if you want a recommendation when you are further on with your plans.
 
Posted by Neily0_0 (Member # 10285) on :
 
Collect my apartment next week from Pioneer Property www.pioneerproperty.org they have been great also with the legals no problem. Their new developments come with good standard furnishings air con + everything else inc glasses and crockery except bedding. Dont know if the water heater will last until we try it!
 
Posted by sheri77 (Member # 4180) on :
 
hello Sir,
we were so sad as coldwell banker staff coz that client who mentioned that he was having a nightmare with Coldwell Banker , he who caused us pain, I regret that he is intending to profane our reputation, baring in mind that he is the one who was not punctual by not paying the flat's price in time..i have documents from the bank states that (he exceeded the deadline for the transfer) and moreover , the flat was delivered to him with A/C and Hotwater(the office paid the it from the commission as per the company's owner promise..please, i will be grateful when the people should take care before throwing the others with unpleasant accuses.
thank you and kind Regards,

sheri
 
Posted by boothy (Member # 10346) on :
 
Hi all,
Has anyone seen, or got any information on the Sierra Resort development, at Nabq, being marketed by Sharm Real Estate ?
We are going to Sharm next week to look at this and want to be as prepared as possible.
Thanks
 
Posted by Gulfy (Member # 10089) on :
 
I think Hunter & Hunter is marketing this project in the UK, but they get their information from Sharm Real Estate.
 
Posted by Des (Member # 9479) on :
 
Guys,

I was out there in December to look at the Sierra
Resort - all I saw was a very piece of waste land
with nothing on it.

Got the impression the commercial part was going
to be built first - maybe I could be wrong!!

Des
 
Posted by Tony (Member # 8400) on :
 
quote:
Originally posted by wapyaly:
thanks guys for all this information. We are taking our time, doing lots of research and currently have a friend in Sharm sourcing a lawyer for us. We are determined to buy, but are NOT going to hand over any money or sign anything without a lawyer present. I was interested in some info about the Hilton Sharm Dreams project, any weblinks or info on this?


 
Posted by Tony (Member # 8400) on :
 
Hi Wapyaly, we bought an apartment last year on the Hilton Sharm Dreams and shall be visiting again in a couple of weeks. I assume your interest is in the proposed new project in front of Na'ama Heights. Will keep you posted with any info I can gather.
 
Posted by Mr Small (Member # 7071) on :
 
Helens Kirkers husband (www.hkirkerexclusives.com) is a furniture maker.Thats how they first met,he was making the furniture for the flats etc that she was selling.He is an egyptian and handily they live in Sharm.Most of the developers who sell through Helen use her husband for the furniture.We have furniture he has made in our apartment and it is pretty good.She also has a business partner who does interior design and supply.
 
Posted by manninagh (Member # 10457) on :
 
Hi has anyone bought at the El Hayat as I have a chance to buy one of these, went and had alook in feb, looks like it will be a nice development, Sajjad is the agent seems to be a good bloke.
 
Posted by Des (Member # 9479) on :
 
Friend of mine bought at El Hayat also thru
Sajjad, no problems at all if he is from City&
Urban in the UK then yes he is a good bloke and
will look after you.
 
Posted by Wai (Member # 10471) on :
 
I am looking to buy in Sharm soon but have no idea who to choose in terms of Estate agents and Lawyer. Is there also any other way to get the one year temporary multi visit visa? Is there a charge for the visa? I have been to Sharm a few times so know it's layout and setup but I have not looked into its property scene until now. I am also planning to buy to rent out to holiday makers, has anyone got any experiences they would like to share on this?

This thread has been great so far and the information has been so helpful.
 
Posted by Mr Small (Member # 7071) on :
 
As far as I am aware you can only get the 1 year residence visa once you are in Egypt.The visas are very cheap,I think the 1 year res visa was only LE38.
 
Posted by Wai (Member # 10471) on :
 
If I were to go to Sharm with the intentions of putting down a deposit on a property, is it easy for foreigners to open a bank account and what is the best way of getting funds over to Sharm without complex money movements or incurring massive charges? Do agents and developers only require a small deposit to secure the property and then you have lets say 1 months grace to get the funds in place?
Mr Small I have been reading your posts and from the sounds of things, buying a property in Sharm is very straight forward and safe providing you use the right people, would you agree? Who did you use?
 
Posted by Tony (Member # 8400) on :
 
Hi Wai, we bought in Sharm last yearand all went well. However if you have not done your research it can easily go "tits up". Buying off-plan or re-sale usually involves your paying a deposit, of say £1000, to secure the property followed by regular payments every three months for up to three years although this does vary depending on which developer, agent, project is involved.
Another point to be wary of is the currency situation. The developer mostly stipulates the "hard price" in one currency, if it's in £s it's simple but if it's EGP, U.S. Dollars or the Euro then exchange rates obviously come into effect adding complications, your bank should be able to advise you on this.
As I said, things do vary but with so many Brits investing there the system ought to be tried and tested by now.
Good luck and buy wisely!
 
Posted by Wai (Member # 10471) on :
 
Thanks Tony those comments are completely valid and I will certainly take those comments on board. I have also noticed that property prices in Sharm are also creeping up and with more developements underway I wonder if the rental market will become saturated very quickly thus driving down rental prices. The sudden rise in developements seem to be at a pace which can only go to undermine the whole balance of the property market forces.

After returning from Cyprus two days ago I can report to have seem property prices which although supposedly off plan, are about 10-20% more expensive than the current property market values across the board. I will keep doing my research and hope the prices in Sharm don't do the same.

Please keep the info coming guys as this thread has been great so far.
 
Posted by Farstar (Member # 9772) on :
 
Hello everyone.. has anyone asked about property tax in Sharm? is it applied there? has anyone paid it already? and how much is it and how is it calculated??

Thanks a lot
 
Posted by Wai (Member # 10471) on :
 
I have got a feeling that over there they call it a registration fee. As I understand it after you purchase the property and the lawyer then has to go to court to get all the paperwork notorised (which it why you have to give a lawyer the power of attourney on your behalf) you then have to formerly register your property which is charged at 3% of the purchase price. Can anyone tell me if I have this all correct. I know that the government are trying to change the registration fee to a set fee to encourage more people to register as at the moment about 80% of property owners dont bother to save the 3%.

I also read that their is no taxation (Capital gains or income tax) of any kind in Egypt which I actually find very hard to believe.
 
Posted by Mr Small (Member # 7071) on :
 
Buying property in Egypt is very simple and straight forward if you happen to be lucky enough to find the right people.I am sure some of the people who are being put forward as being 100% honest and good,may not be.We just dont realise it.For all we know there might be more crooked agents than honest ones.It is a leap of faith,it does take balls and i suppose we will only really know when we come to sell in 10,15,20 years time and discover we never really owned it at all,you never know.One thing that we have been hearing lately is that the government has decree that after 2010 there will be a ban on new buildings.If the foundations are in the property can be finished,so expect nothing but foundations going in for the next few years.Dont know how true it is but we have heard it from more than one source.We paid for our apartment in sterling by money transfer,it did not cost much at all,about £50 for £35,000.
 
Posted by TiffanyFlower (Member # 10487) on :
 
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Like this! Best regards, Tiffany Flower
 
Posted by mac0623 (Member # 10529) on :
 
HI THERE ALL I HAVE SEVERAL PROPERTIES THERE AND KNOW ALL THE INS AND OUTS SO NOW DOING MY OWN DEVLOPMENT IN MONTAZA ON THE BEACH WITH POOL ALL 2 BEDS 5 STAR HIGH SPEC petemccormack@hotmail.co.uk
 
Posted by mac0623 (Member # 10529) on :
 
HI TO ALL THERE IS NO CHANGE IN THE LAW ABOUT BUYING IT IS STILL FREEHOLD,THIS IS TO ANYONE BUYING PLEASE CHECK YOUR PRICE AGAINIST THE PER SQR MTR AND AGENTS DO NOT WORK FOR NOTHING ,IN NABQA ITS 4800 SQR MTR,ALL MY CONTRACTS ARE FREE HOLD,YOU WILL FIND MORE OFTEN THAN NOT THE SQR MTR PRICE IS LOADED
 
Posted by Penny (Member # 1925) on :
 
quote:
Originally posted by Farstar:
Hello everyone.. has anyone asked about property tax in Sharm? is it applied there? has anyone paid it already? and how much is it and how is it calculated??

Thanks a lot

There is now a new annual property tax payable to the government. It is approx LE 6 per sq Metre
 
Posted by Gulfy (Member # 10089) on :
 
Penny,

when was this tax law issued!!! do you know!!
 
Posted by Ildi (Member # 10506) on :
 
Hi

I am also looking to buy property in Sharm. I have had details from most agents but it is a minefield knowing who you can and cant trust. One of the members from this forum kindly contact me and gave me some advice. I was looking at Namm Bay and Nabq and there are some good apartments for sale. However I have been told that there are problems with the Hilton Development and they are way behind schedule. Hilton are now trying to pull the plug on their associated with this particular builder. How true this is I dont know. Any advice would be greatly appreciated. We are going out to view in May. People mentioned Tarek who I met at the HomeBuyers Exhibition. He wanted me to put down £1000 returnable deposit but again I was not sure. This was for the Sharm Bride Development. Once again any help would be appreciated. I have also been offered off-site at the 5* Orient resort but again dare not go ahead with anything until we have seen the projects.
 
Posted by Wai (Member # 10471) on :
 
I also spoke with Tarek and Khaled at the homebuyers show Ildi. I actually put down a £200 refundable deposit to reserve a property in the Sierra resorts development. Not sure why you were asked to put down £1000, maybe it is because the completion date is sooner! I have also had conflicting information since. Khaled told me that their in house lawyers charge about £1500 for the legal fees in buying a property and then somebody from their office in Sharm (the co-ordinator Caroline) told me that legal fees will be about £5500LE which is about £550 sterling!! Suffice to say that if I decide to buy through them I will be finding my own Lawyer! Buying in Sharm seems to be a minefield of constantly changing prices and processes. Why can't they find a set way of doing stuff. Also I found the furnishing packages so over expensive. It would not cost that much to furnish a house in the UK never mind a supposidly cheaper country. I fear agents are getting too greedy and the market might suffer because of it.
 
Posted by Mr Small (Member # 7071) on :
 
Hi all. Penny,can you shed any light on what mac0623 is saying about property being freehold.As i heard it,no property was free hold anymore,is this something new.Where is your info from mac0623?
 
Posted by Ildi (Member # 10506) on :
 
Hi Wai

I too do think the furniture is expensive. I was told by Egyptian Experience it would cost approx £2,500 for furniture. A solicitor would cost £300. I do trust them to be honest and the lady in question who I spoke is English too. I does seem as though people are making up their own prices as they go along. Once again this is what I meant about the minefield. As people are talking about frehold and leasehold. I have only ever been informed that if i buy it would be leasehold for 99 years and if I sell then they start the leasehold again for another 99 years. I have never had any other conflicting reports on this. My husband and I are not getting anxious about buying and want to do so as soon as possible.
 
Posted by mac0623 (Member # 10529) on :
 
mr small i have had no problems in my free hold,i find it really hard these agents are saying this,as i know some of the agents bosses buying and belive me there are not buying lease,as for buyIng in a multi storey complex this will be down to the developer,and what ever goes in your contract and the court signs and stamps it,it is ,,as for the freehold lease hold story this goes back a long way and the history of sharm as egypt went to war over this place,and then when all the land and houses was being sold and the growth of the market took of;
the goverment did want the people who they fought against buying all the land and claiming it.so this law was spoke about,then they found it was the westerners buying,hence now rapid growth and many adverts from tourist department pushing sharm,and the good thing now almost fly anywhere in uk to sharm SO NOW GO FOR IT
 
Posted by mac0623 (Member # 10529) on :
 
the bus will go buy if you dont put your hand out.and then once on, you can always get off
 
Posted by Mr Small (Member # 7071) on :
 
Hi Mac,we bought in April 05 just as the law changed,half way through the preceedings we found that all property was now being sold leasehold only,exactly as Ildi has said,99 years renewed when you sell.If the law says 99 years leasehold how can you get freehold.Are you sure you have not been had ?
 
Posted by mac0623 (Member # 10529) on :
 
please you will not find one person from the top down who will tell you the law has changed
please.please look at your lease contract to renew there must be a clause,how much how will you renew the law says on lease that it must go back to the seller which is the local,like i said mr small your take a contract in the court with the buyer and the seller walk out with the blue papaer and the lawyer over sees it,please look at the lease laws in this country much the same,i told you about the history and why,,and now show me the govertment paper bill,now whos been had,
 
Posted by mac0623 (Member # 10529) on :
 
did you buy in hadaba mr small
 
Posted by Wai (Member # 10471) on :
 
Ildi, do you know who you are going to buy through? I am starting to wonder if Sharm El Sheikh real estate is a good find due to their haphazzard approach to pricing and inconsistant sale techniques. I have heard from my brother in law that Egyptian Experience seem to be much more organised.

Still I guess I can only go out there and see who is offering the best service and prices.
 
Posted by Ildi (Member # 10506) on :
 
Hi Wai

I have sent you a private message
 
Posted by JW (Member # 10610) on :
 
quote:
Originally posted by Gulfy:
I think Hunter & Hunter is marketing this project in the UK, but they get their information from Sharm Real Estate.

[Cool]
 
Posted by JW (Member # 10610) on :
 
I have a refered name " Clayton Nel" can anybody provide me with any info on this person, has anybody had any dealings with him, if so please elaborate.
 
Posted by mac0623 (Member # 10529) on :
 
hi there wai just read what you said about agents getting to greedy,you are dead right.its what there up to all the time.you see the property will be listed at several agents so shop around.and you will get the agents who will say we are the sole agents for this project then ask your self why,is it because nobody else will touch it,has the builder got a bad name,so many reasons for this.and then the agent will try and sell you what HE can make the most on.try go direct you will be amazed hire a car and look around use the agents your the one who is buying and its your money
 
Posted by Des (Member # 9479) on :
 
Pete,

Have you any details of car renting in Sharm -
been looking on the net - cannot find a thing!!

Des
 
Posted by mac0623 (Member # 10529) on :
 
no you will not find any i have a number will send to you 30£ aday can can him down if you want it longer nice car and guy its in my other phone
 
Posted by mac0623 (Member # 10529) on :
 
when do you fly des
 
Posted by Des (Member # 9479) on :
 
Hi Pete,

Some time after Easter - still kicking the Dahab
idea around.

Will e-mail you at home once I have flights
arranged.

Des
 
Posted by mac0623 (Member # 10529) on :
 
i now have the pics of the montaza the building that you seen at christmas.they are very nice and coming along fine try and go and see well give you the number later will send in private message take care.
 
Posted by mac0623 (Member # 10529) on :
 
des iam out most of day my phone is in my car that went in the garage yesterday so will collect in today and send you the pics later
 
Posted by mac0623 (Member # 10529) on :
 
just sorting them now des
 
Posted by ccm (Member # 8181) on :
 
Are you buying in Sharm to live or visit? What is there to do in Sharm after scuba diving and suntanning on the beach?
I was in Sharm in 1994 and wish I had bought lots of land then as there was few hotels and little people.

I am curious how it is now to visit or live. The villas look awesome and I am looking at a new country to live in for semi retirement.
 
Posted by mac0623 (Member # 10529) on :
 
hi des just sent you the photos of the montaza project.have not forgot tele phone num of car rental wil send soon
 
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Posted by Mr Small (Member # 7071) on :
 
Sorry,my apartment is not fuel injected.
 
Posted by Penny (Member # 1925) on :
 
quote:
Originally posted by mac0623:
hi des just sent you the photos of the montaza project.have not forgot tele phone num of car rental wil send soon

Montazah prices via a certain well know Uk sharm agent are LE6,000 per sq metre off plan.
Now go reseach prices on completed developments, and ask some Egyptians what they are paying direct from the developers and ask yourself if the risk to buy this off plan is worth it. And at same time have a look around at how many developments are sitting unfinished. Then make sure you have a good market of more guliable Brits to sell onto when you want to make your quick profits, and hey presto you have your own UK mini market of would be property tycoons. Anyone remember the Boston Tea party.

Oh and then when you're assessing risk don't forget the proximity of Israel.

Basic business planning and research guys. Mind you the agents must be doing well! [Eek!] [Eek!]
 
Posted by Gulfy (Member # 10089) on :
 
Penny,

do you have any info about the Renaissance offplan villas in hadaba. They are marketed by Sharm el-Sheikh Real Estate.
 
Posted by mac0623 (Member # 10529) on :
 
the agent you are on about is the people who i dealt with the price you quote is not quite right and also its 5 lines back,i was in it short time ago, the completed one you refer to are going between 65k 4-5 lines back then 85-116,000 1-2 lines,as i spoke to the people whom brought them.yes there is empty ones like any where else and you have to ask your self why.the stupid price they ask.go to nabqa if you want to emptiness.but what we are looking at here is vision of the future and what will happen in south sina.do your research penny biggest buyers are italians,russians then the french we are way behind as for israel ,what are you saying ,and why are you there if you think so stupidly where is your respect for the average israeli
 
Posted by mac0623 (Member # 10529) on :
 
as for the agents you speak aboutthis is what i tell everyone the price is loaded in the sqr mtr and against the gross and the net,keep to your 9-5 job and i will keep to mine as i seem to know what iam talking about after all you have register your property with a uk and avised this.tell me at what point will the goverment of egypt let you pass the property down to next of kin your knowledge is some what limited to this field, as mine would be in your field of work for some reson more often than not you attack me again-strange-by the way iam not a agent,i hate them they suck of the people who sell and lie to the buyer.smilar to some jobs i know
 
Posted by mac0623 (Member # 10529) on :
 
gulfy i was there the other week nice place you will do well there.good choice
 
Posted by Mr Small (Member # 7071) on :
 
quote:
Originally posted by mac0623:
they suck of the people who sell and lie to the buyer.

Hey mac,how come the seller gets all the perks?
 
Posted by mac0623 (Member # 10529) on :
 
yes they generally do,one thing i all ways done mr small is to buy right to sell right never in my life have a done someone,and belive me i have seen many chances but in life what goes around comes around,i all ways leave a mark up for the next person and help where i can,and more important, and i take you mean by saying all the perks so all the profit never the case with me sooner pass the saving down the line to the people who deserve it as it is thier money after all i only work on places where i would live myself and do.so i dont say one thing and do another i have full respect for people as does the people who know me,if i ever have the pleasure of sitting with you for coffee you will see what i mean
 
Posted by Mr Small (Member # 7071) on :
 
I was actually having a little joke with you mac,but yes,I see what you are saying.Maybe my joke was a little bit juvenile but i could not resist it.
 
Posted by Penny (Member # 1925) on :
 
quote:
Originally posted by mac0623:
as for the agents you speak aboutthis is what i tell everyone the price is loaded in the sqr mtr and against the gross and the net,keep to your 9-5 job and i will keep to mine as i seem to know what iam talking about after all you have register your property with a uk and avised this.tell me at what point will the goverment of egypt let you pass the property down to next of kin your knowledge is some what limited to this field, as mine would be in your field of work for some reson more often than not you attack me again-strange-by the way iam not a agent,i hate them they suck of the people who sell and lie to the buyer.smilar to some jobs i know

Mac you really are showing your stupidity now. A Uk company does not die when I die, I pass the Uk shares to my next of kin not the property. So why don't you start giving people some good advice and tell them to do what the Egyptians do...contact the developers direct...they do not use agents, and get your own lawyer not the property agents.

As for Israel, absolutely nothing personal but this is not the most stable area in the world at the moment, something to take into account in an investment decision. And finally I am not here for property investment but personal reasons.

I have no wish to get at you personally but I do find the advice you are giving here on the forum misleading to less well informed investors who should really be thinking twice before jumping on the property ladder here.
 
Posted by Charm El Feikh? (Member # 10243) on :
 
penny... just a thought.

anyone about to invest any amount of money, into anything, would not do so on the advice of a username in a public forum.

i wouldnt, would you?

dont work yourself up over it hun.... its friday!!! [Smile]
 
Posted by mac0623 (Member # 10529) on :
 
ok penny i wish u the best of luck in wat ever u do , we wil have to agree,to disagree.misk mumpink
 
Posted by mac0623 (Member # 10529) on :
 
no harm done mr small iam always here if you need any help iam sure you made a wise choice.will be in sharm soon let me know when you there and we will have a look around and see whats what,and have thet coffee,on me
 
Posted by Mr Small (Member # 7071) on :
 
Ok mac,take it easy.Will speak to you soon.
 
Posted by Ildi (Member # 10506) on :
 
I read with interest about the advice given on the forum about dealing direct with the developers and cutting out the agents. However, yes it is a good idea to go to the sites and ask for the developer and try to deal direct with them. The down side to this I fear is how would I know this complex is going to be finished. Once dealing with the developer and getting a solicitor where do we go next? i know the agents all charge their own prices but they can walk us through the buying process. If anyone on this foorum has done just that and gone to the developer direct, then can they post on here a small pointer as to the steps we would need to take from start to completion. When I spoke to City & Urban they told me that there are sites they are not dealing with as the developers are known for either not finishing their projects on time or they have faulted somewhere along the line. Again, this brings me back to the catch 22 situation of knot knowing when i hand my money over whether the project will be finished on time.
 
Posted by mac0623 (Member # 10529) on :
 
hi there you are correct some developers have gone under,a very big one in nabqa.

this is not about cutting agents out and saving a few quid.
its about getting to know the true cost of what your buying and being in control.its up to the person buying they can go and deal a good price with the developer than go to an agent and say manage this deal for me and take the comission,not they would like it,
i have brought from the developer several times and also a agent.the last thing, if you go through a agent and the developer goes under do you think the agent is going to give you his money back.it all depends what the buyer wants at the end of the day. we all want the sun and a nice place but at what price and after all people want to enjoy what they have brought not go home broke and in tears.

ILDi when you say walk us through the buying process, what prcess the developer gives the contract to the agent he gives it to you,the developer tells the agent info the agent tell you,i dont need to pay anyone,i will ask the questions and ins and outs to the face who iam buying off then i will judge from then,

only the other week in nabqa the agent said i will get the best deal for you,oh yes i spoke to the developer the day after and got the roof space with bbq area and for 7500£ s less and then 5500£ less in nemma bay area so just look at the cost on to projects i saved its as much as people earn in this country.so where would that money have gone?
[Eek!] [Eek!] [Eek!] but i love my place in montaza from start to finish i managed everthing with very good help
 
Posted by nado (Member # 10706) on :
 
hi guys i am egyptian and just transfered to live in nabq bay for my husband works there i used to work for a multinational insurance company located in cairo which is the AIG ( American insurace group ) and will be glad to give you any advices regarding egypt or insurance in egypt also would very much like to make new friends in sharm espicially mums with toddlers we can share experience and how to manage living in sharm
 
Posted by Des (Member # 9479) on :
 
Mac

Who went under in Nabq - wasn't the guy building
the Hilton by any chance?

Nearly bought there.
 
Posted by mac0623 (Member # 10529) on :
 
[Wink] go to the top of the class des.
they was 27k off plan when started and was selling at 110k thoses villa around the pool.
but if you look in nabqa area there seems things dont move on as quick in othere areas.
went in one last year 17k and drove to it this year as a guide for myself and it was the same so i thought if you want something done right do it your self
 
Posted by andy cullers (Member # 7853) on :
 
Nado Hi
Can you get insurance to cover the buiding and its content in Egypt?
I am in the process of buying at the Hilton Oyoun in Nabaq and would like to explore the insurance situation.
thanks
 
Posted by andy cullers (Member # 7853) on :
 
Mac
What makes you say that the contractor at the Hilton in Nabaq has gone under?
I was out there last week and they were working like mad on both the Hotel and the apartments.
What can yuo tell me about the development and what do you know about Sharm El Sheikh Real Estate - Tarek El Saadi
Cheers
 
Posted by mac0623 (Member # 10529) on :
 
there is a few hiltons in the area if your is working like mad then your ok not sure what to say on theses people heard mix reports i dont think there bad but just keep on top of things
 
Posted by mac0623 (Member # 10529) on :
 
andy the hotel was never called the hilton but was to be give to them and then the hilton heard the stories of over budget,people not getting there property and so on so the hilton told the developer no they will not put there name to this
 
Posted by andy cullers (Member # 7853) on :
 
Mac , the only Hilon in Nabaq is the Hilton Oyoun
I have been intouch with the Hilton group and they tell me that if the Hotel is up to their standard they will allow it to be called a 'Hilton Hotel' -
who told you that the Hilton will not allow the development to be called a hilton?
 
Posted by mac0623 (Member # 10529) on :
 
this was at the begining of the year there is more than one,
the way hotels are built is 2 ways one a company will pay a developer to build under its name,2nd the developer will build to a standard then sell 2 a chain or company.
the one i was at is go in to nabqa and its on your right i was there a year ago this week then the other week it was coldwell banker who stop selling as there is trouble with the buider ,
what i dont know ,i was with tree agents and they all said the same they would not sell in there ,also they name two other sites in the area
 
Posted by Blazing Saddler (Member # 10773) on :
 
Dear all,

Myself and a colleage are both looking to buy a property in sharm, both as an investment and also for the occasional holiday, for ourselves and our family.

My colleague is in Sharm at present and having visited a number of agents, we are seriously considering both investing in a 1 bed apartment in the Delta Sharm Resort at around £40,000.

It has been suggested that the resort can generate and manage rentals and that we could anticipate an average return of £300 per month.

Given that there are many more experienced Sharm investors on this forum, i'd welcome you opinions and comments as to whether the price is reasonable
and the return realistic.

Many Thanks


Noel
 
Posted by mac0623 (Member # 10529) on :
 
wat to say ,delta sharm was very good rental but slow now with so many others coming on stream,

the management have changed there contracts in sale resale % which is now higher i think u can get better deal than 40k as many selling,
look on private sites try to get direct to the buyer but still a lovely place i would buy if the price was right.
try to buy with an old contract that states lower resale %
 
Posted by mac0623 (Member # 10529) on :
 
yes u will get the 300 per month but watch the agents commission,10% and what if the people leave within the yr that will take it down a lot so 300*12=3600-10%=360 so they will take this 360 up front and then if it stops empty for a month or two so try to rent this ur self its not hard with the site that are about and at the diver centres
 
Posted by Gulfy (Member # 10089) on :
 
andy cullers wrote:
"... and what do you know about Sharm El Sheikh Real Estate - Tarek El Saadi"

I dealt with their office over the last few months. Put a reserve down for an offplan villa in Hadaba. The whole resort was sold as a lot before I signed the contract. Got my full reserve back from Tarek El Saadi just two weeks ago. Overall, my experience was pretty good with them. But I am back to square one now, looking for another property.
 
Posted by Blazing Saddler (Member # 10773) on :
 
Mac,

Thanks for your comments re Delta Sharm. My colleague is very impressed with it and it looks like he will be going ahead.

With this in mind does anyone have the contact details for a good English speaking lawyer in Sharm

Any suggestions would be greatly appreciated

Best Wishes


Noel
 
Posted by mac0623 (Member # 10529) on :
 
hi there if you give me ur e mail i will send you info on lawyer
 
Posted by Mr Small (Member # 7071) on :
 
£40K sounds an awful lot for a one bed in sharm no matter where it is.We paid £36K for a new 2 bed.Try the Ard El Mizad area of Hadaba,you can walk to the beach and there is a very cosmopolitan feel to the whole area.It is also a big rental area and there are quite a few really lovely,new blocks just being finished,some very near the new water park that should be up and running in a few months.
 
Posted by mac0623 (Member # 10529) on :
 
yes the water park is good news for the area its just facing my villas so should be good for rental in the future.just been talking to mate in sharm lots of police about
 
Posted by Mr Small (Member # 7071) on :
 
You must be very near us mac,from our balcony we can see the cement elephants,they are directly opposite us.We are one block back from El Khazan street.
 
Posted by mac0623 (Member # 10529) on :
 
iam on club marina road facing fantasia
 
Posted by Mr Small (Member # 7071) on :
 
That must be the opposite end of Club Marina road from the Sadiki cafe?
 
Posted by mac0623 (Member # 10529) on :
 
next to reef hotel and the club marina
 
Posted by Esme (Member # 10235) on :
 
I would like to have a look around Hadaba onee day as I have been, but there doesn't sem much there...Anyone fancy a short sightseeing/coffee one day?
 
Posted by Mr Small (Member # 7071) on :
 
Its all there,its just hidden away in the nooks and cranies.The lifestyle in hadaba is a lot more laid back than Naama and thats just as well,you could not live at that pace all the time.
 
Posted by mac0623 (Member # 10529) on :
 
hi mr small how are u.
esme will be in sharm soon ,hadaba i think is good from many points of view,
its a good base from where to travel and return in the evening ,and go for meal and shop for your local produce things are cheaper. when you get to know places,NABQA is a long way off in a lot of things but in a few years who knows
 
Posted by Jo Leah (Member # 11093) on :
 
I am going to Sharm for one month at the end of July to hopefully view and purchase an apartment. Have learned that first and foremost i need a lawyer, then a residents visa from El Tor but would be very grateful for any other advice. i have limited funds so was thinking it would have to be something simple, not off plan and not necessarily new. Last year I stayed for six weeks and rented a 2 bedroom apartment in Hadaba near Makani Bakery, would quite like something in that area but open to anything really as long as its Sharm 9my favourite place in the world) Thanks Jo
 
Posted by dr ashraf (Member # 11105) on :
 
HI ,MY NAME IS ASHRAF ,AND IAM DENTIST LIVE IN SHARM,AND HAVE MSNY PROPERTY IN SHARM ,IF YOU ARE INTEREST CONTACT ME
 
Posted by dr ashraf (Member # 11105) on :
 
HI
 
Posted by dr ashraf (Member # 11105) on :
 
HI EVERY ONE.MY NAME IS ASHRAF AND IAM LIVING IN SHARM AND I HAVE MANY PROPERTY TO SELL IN NABQ,HADBA,MARINA AREA .IF ANY ONE IS INTESET ,CONTACT ME.AND I WILL TELL HIM EVERY THING ABOUT SHARM AND THE BEST PLACES
 
Posted by sidan (Member # 5860) on :
 
hi Ashraf, could you email me property in Hadaba for sale, I'm looking for a 1-2 bedroom flat for me and my son, thanks. sidan@ntlworld.com
 
Posted by mac0623 (Member # 10529) on :
 
i will be in sharm next week dr so will think about it and get back to you
 
Posted by dr ashraf (Member # 11105) on :
 
you wellcom any time,
 
Posted by Jo Leah (Member # 11093) on :
 
Hi Dr Ashraf, thanks for your response, I would definately be interested in meeting up with you in Sharm to see what you have to offer, great!
 
Posted by mac0623 (Member # 10529) on :
 
hi jo i will be back in sharm after this vist in july time and will show you montazah .
as i start to build this weekend and also show you the one we have on the beach
 
Posted by Jo Leah (Member # 11093) on :
 
thanks mac0623, sorry not had chance to call you today, glad to hear you could be in Sharm July, would be good to see what you have. Good luck speak soon.
 
Posted by Red Sea Homes (Member # 11275) on :
 
hello
Red Sea Homes provides you with, apartments , villas, hotels , business for sale in Sharm el shiek
Essam Lotfy
 
Posted by geoff7 (Member # 11277) on :
 
Am visiting Sharm in the next few weeks and need to furnish an apartment can anybody give me a contact - preferably an email address to start the ball rolling please
 
Posted by Red Sea Homes (Member # 11275) on :
 
hi geoff77 here is my contact, i will be glad to offer my service: 0101952390 , elotfy@rawafedgroup.com
ESSAM
 
Posted by amanir (Member # 11410) on :
 
Hi all,

We are interested in buying 2/3 bedroom flat or small villa in sharm.. around £40-50,000. I have a dual nationality (Egyptian/British) my husband is British. We live in the UK permenantly..we have teenage children who are more interested in teh sea and swimming more than anything. we would like to buy a property in a complex or a safe and quiet place so we can be assured that it will be looked after during the time when we are not there. I can't pay in cash and I would like to use it for investment..
any suggestions anyone?
 
Posted by amanir (Member # 11410) on :
 
Hi jackie,

I saw that you bought at El Hayyat, do they have other properties available in El Hayatt.. we heard that soon they'll stop building in Sharm and that the new licences will be a bit further? have you heard that too?
 
Posted by amanir (Member # 11410) on :
 
hi everone,

Is anyone there?

this is the third message.. hope someone find time to chat with me.. we are newly interested in sharm and I'd like to get more info before we buy.. is it going to be a trap or a good deal..?
those who bought apaprtments in sharm not in a complex i.e. Hilton..El hayet.. can you tell me what is the advantage and disadvantge..buying with or without estate agents..?
 
Posted by karen45 (Member # 11416) on :
 
[Cool]
 
Posted by karen45 (Member # 11416) on :
 
I am looking to buy in nabq, any info would be most appreciated, thanks.
 
Posted by Red Sea Homes (Member # 11275) on :
 
hi amanir, this Essam Llotfy, represent Red Sea Homes , a real estate company in sharm el shiek.
if you decided to my service in sharm el shiek . plz call 0n 020101952390 or e-mail elotfy@rawafedgroup.com
 
Posted by Red Sea Homes (Member # 11275) on :
 
Hi Karen45. this Essam Lotfy, represent Red Sea Homes , a real estate company in sharm el shiek.
if you decided to my service in sharm el shiek . plz call 0n 020101952390 or e-mail elotfy@rawafedgroup.com
currently i have 4 apartment , 55m2 each, 1 bedroom , for 225 000 EGP , swimming pool view. good investment and , could be rented while you r away for 2000 EGP.
I have also, 10 apartment , 70m2 each, in the same complex. In NABQ
 
Posted by robert008 (Member # 11453) on :
 
sell all kinds of plywood
my MSN:lxj6016@hotmail.com
e-il:lxj6016@yahoo.com.cn/lxj6016@hotmail.com
 
Posted by liz007 (Member # 11424) on :
 
WARNING!
If you are thinking of buying property in Sharm!
Buyer Beware! My colleague has had problems since Sharm where she committed herself to buying a property.
Be very careful- the property market there is not all it seems to be. There are hidden costs such as over-priced furniture packages, which the agents make more commission on than they do selling the actual property. Also, completion dates are often very optimistic, and as you are not there to see the progress being made, you are reliant on the agent sending you photos, which although they promise to do, never actually get round to. The expected value of the properties is highly inflated and as there are no legal or trade bodies representing agents in Egypt, those selling will say what they think they can get away with, relying on their area knowledge (itself limited in Sharm as it is a ‘young’ town) and the rental expectations re nothing short of fictitious.
 
Posted by Tarek El Saadi (Member # 11399) on :
 
My name is Tarek El Saadi the president of Sharm El Sheikh Real Estate if you have any inquiries please do not hesitate to contact us and we will email you with all the info you are interested to know about
www.sharm-realestate.com
coordinator@sharm-realestate.com
 
Posted by Tarek El Saadi (Member # 11399) on :
 
The building permition is on the building plan (1 x 1 meter) with a stamp in a shape an Eagle inside a circle which indicates what they can build on site, you can always request it from the developer or the Estate agent to view (your lawyer will for sure view it before you buy)
 
Posted by Tarek El Saadi (Member # 11399) on :
 
Nabq is a great place to live quite with mountain/sea view close to the beach inside a hotel complex with security maintenance and with a lower budget to buy starting from around 430 GBP per m2 for the time being till it booms between 12 to 18 months with many hotels/supermarket El Sheikh Abdullah 33,000 ft2 will be ready after 12 months/shops
 
Posted by Tarek El Saadi (Member # 11399) on :
 
Building permits are issued already for the resorts which are under construction, other wise they can not build,but there will be further more issued in the future but further to the rear in Nabq 3 and 4th row near the new golf course area
 
Posted by Tarek El Saadi (Member # 11399) on :
 
Oyoun Sharm construction is going fast like mad and hotel soft opening is due in October and hand over for residential will start end December and phase 2 will be in March they changed the management because Mellinium will give a minimum guarantee but the others will not and it is a 5 stars UK company and they already have around 3 resorts to manage one of them is in Montazah area
I do agree with Andy Cullers
 
Posted by delamer (Member # 11567) on :
 
I recently pulled out of a deal at the proposed Sharm Bride resort after a major headache and many troubled dealings with this 'Tarek El Saadi'.
We originally reserved our chosen apartment in February this year, we were taken to see the site, put a 25% deposit down and were then supposed to recieve contracts. When we finally recieved the contracts they were very one sided and our Egyptian lawyer advised us not to sign them. There were no penalties if the developer was late and the developer reserved the right to change all sorts of things with the project and even use the side of the building for advertising! After negotiating a new contract we signed and were told that they would then be signed by the developer. 5 weeks later we still had no signed contracts and were told that these contracts were null and void due to a spelling mistake and new ones would be drawn up. When we recieved the third attempt at contracts things had changed again! During all of this 'Tarek' had been conistently inconsistent with the things that he told us. With that and the fact that next to nothing has happened on the site that is supposed to be Sharm Bride since we first saw it made us lose faith in this particular deal and we pulled our money out. This was an ordeal in itself but after several weeks we finally have our money back but a bitter taste in our mouths.
We have since re invested in another development in Nabq, with a different real estate agent. When we visited the site there were builders busy working and things were moving along quickly, the contracts were straight forward and so far we have recieved the kind of service we expected in the first place.
If you are having similar experiences and want to get in touch please do.
 
Posted by Neily0_0 (Member # 10285) on :
 
Just bought from Pioneer Property, www.pioneerproperty.org owned by English and have staff that just about talk any language you can imagine. Contracts were fine, with penalty clause for delay which they paid. It is now let on a 12 month contract and we are probably going to buy another from them in the near future.

Happy hunting and good look to you all.

We looked at Sharm-Realestate, we walked away, we did though get our deposit back. Thanks for that Tarek!
 
Posted by Neily0_0 (Member # 10285) on :
 
Oh by the way tell Lee or Geff at Pioneer that I put you onto them, I might get a commission. Its Neil from Roman Theatre
 
Posted by J_Mordey (Member # 11569) on :
 
quote:
Originally posted by mariajane:
hi has anyone bought an apartment in Sharm
any info and advised would be great
we are going in the next few weeks to look at some off plan developments anything we should look out for
any advise on the legal side any pitfalls to look for?
thanks maria

Yes dear, I've bought a villa in "Hadaba" district, and so far it's a good investment. There are many legal pitfalls anyways, it's a good investment, even a perfect one, if you're aware enough. I did all the stuff through my lawyer, and every thing went smoothly.
 
Posted by mac0623 (Member # 10529) on :
 
buying in sharm is very easy indeed once you remove the people who want to make money out of you buying,and charge you the earth for every thing else,i have many apartments there now investments is very good and returns are good on rental.now have for sale in montazah 2nd line off plan with pool at prices that peolpe are charging 5 lines back no sea view and no beach .
so yes the buyer does have to becareful but nothing to worry about
 
Posted by David Anderson (Member # 11587) on :
 
We are very surprised with your personal experience feedback we are a group of owners , we are about three families used to visit sharm annually , we own more than a property in different resorts so we have quite an experience in how it's going on over there
We used to invest at off plan projects which definitely needs calculated risks initiative , we do understand that this is your first experiance in the real state investement.
we faced once a delay in one of reputable projects in nabq bay but because of our accurate and precise discussions follow ups on the project and developer , we harvested 60% + on our initial investement in less than a year , iam very sorry that you faced such exeprience i wish that i reported my out put previously on this site that you can be guided through the experts.
 
Posted by mac0623 (Member # 10529) on :
 
and thats whats its all about
 
Posted by delamer (Member # 11567) on :
 
David and families,

Please do not mis understand me, I think that Egypt is a great investment opportunity while also having the luxury of being a lovely place to be. I have since re invested my money and am very happy with the way that the project is coming along. I was just communicating my experiences to let people be aware that they should be careful with certain 'organisations'.
 
Posted by mac0623 (Member # 10529) on :
 
i think the word everybody is looking for is DO YOUR HOME CAREFULLY,
I HAVE MANY PROPERTIES IN SHARM AND NEVER ENCOUNTED ANY PROBLEMS OTHER THAN MY FIRST WHERE I PUT TRUST IN A WELL KNOW AGENT THERE ,AS I WAS OUT OF THE COUNTRY AT THE TIME.
AND ALL THE ADD ONS CAME, THE BULL SH.T STORIES.

SO THAT WAS THE ONLY WORRY I HAD AND LEARNT FROM THAT,NOW I HAVE SEVERAL AND MY OWN PERSONAL ONE ON THE BEACH AND BUIDING 12 APARTMENTS NEXT TO THE BEACH IN MONTAZAH 10 MINS FROM THE CENTRE OF SHARM TO WARDS NABQA
AT PRICES WAY BELOW THE ONES ON SALE 5 LINES BACK WITH NO VIEW,
WITH OTHER COMPANYS.
SO IF PEOPLE ARE HAPPY PAYING DAFT PRICES WITH AGENTS THEN GOOD LUCK TO THEM ,MY ADVICE IS FIND THE DEVELOPER AS THE PRICES IN NABQA AREA ARE VAST FROM AGENT TO AGENT AND I KNOW MOST OF THE LOCAL PEOPLE THERE WHO BUY WELL BELOW THE BRITS AND SELL AT REASONABLE PRICES WITH NO AGENT FEES
 
Posted by Tarek El Saadi (Member # 11399) on :
 
After booking the unit in February and within proceeding the contracts formalities the price already increased by 10% in March and everyone even who paid the holding deposit or the 25% gained the increase.

Although the customers reviewed and signed the contract with its spelling mistakes we asked the developer to be amended also and to deliver the new contract to the customer, exactly as he requested with all the amendments included.
Any amendments through reading the contract had been changed spontaneously with the approval of the developer in the favor of the client.
After proceeding in all these contracts, the customer changed his mind and asked to refund 25% contracting deposit from the developer, automatically the cheques were ready from the developer within 72 hours in our office but the customer did not show our receipts where upon it he can receive the cheques, so we refused to deliver it till he bring our receipts which took him a few weeks.
Upon the developer own words according to the building license regulations they should start building the 4 stars Hotel first then up to an approved certain phase they apply and start the residential area buildings, now days the Hotel is progressing rapidly and the residential area construction will start this week
Have a nice day
 
Posted by delamer (Member # 11567) on :
 
Inconsistency to the last! We were told by yourself that the residential part of the complex would 'start next week' 2 months ago! Cant wait to see the photos on your website.
As far as the cheques being ready and waiting in your office within 72 hours....that couldn't even be Egyptian hours! After ringing you every other day to our expense for nearly two weeks and you trying to take 10% for administration which was never a clause in your one sided contracts it took more than just stern words to persuade you to pull your finger out and act in the favour of the client.
If this is supposed to be an 18 month build starting April 06 then god speed the hotel be finnished this year so that you can start on the apartments!
 
Posted by pamplemouse (Member # 10943) on :
 
Can anyone tell me why the cost of developments
has increased by 10% - have building costs increased that much or is it just the locals taking the piss out the guilable Brits again!! [Eek!] [Eek!]
 
Posted by mac0623 (Member # 10529) on :
 
the cost of developments change from project to project but more aless the same i think the guy above is saying the property prices have increased by 10% not the developments.
 
Posted by delamer (Member # 11567) on :
 
Hi Pamplemouse,
The developments being discussed here are 'off plan' It basically works that the earlier you buy the more money that you will make from that property. I have now reinvested in another apartment in the early stages 'off plan' in Nabq and they are set to rise around 10% in September. The property market in general though is increasing in the area which is what is making it a good investment.
 
Posted by mac0623 (Member # 10529) on :
 
where in nabqa have you brought
 
Posted by delamer (Member # 11567) on :
 
Paradise Villas on Nabq hill, right opposite the national park.
 
Posted by andy cullers (Member # 7853) on :
 
Dear Readers.
I am going out to sharm in the next few weeks and plan to visit the Oyoun. I will be taking photo's of the development from a purchasers point of view.
If you would like copies or if you would like me to point the camera at a particular villa/apartment please contact me

andycullers@yahoo.co.uk

cheers
 
Posted by mac0623 (Member # 10529) on :
 
i know the villas well on nabqa hill and a few people that brought there ,prices was very much up and down depending from whom you brought.

ANDY is that the hilton on the right hand side
 
Posted by markatk (Member # 11668) on :
 
hello delmar,
i just read about your experience in sharm bride and would like to share with you my experience i think you were luckier than me to have dealt with a local agent, at least you got all your money back even if there was delays or what not and no deductions or panalties, as for me i bought through a british agent operating in sharm with a fancy office and british agents definitley a comfortable environement for us british but i then decided to cancel when i found out that the price was inflated by the agent in comparison with the developer by 20-25% and can't tell you the treatment i received first of all after declaring my intention for cancelling my phone calls were ignored and my e mails so now iam stuck with my property and trying to sell it with a low price to match the market since the agent had added 25% which iam losing now.
 
Posted by mac0623 (Member # 10529) on :
 
hi yhere markatk i hope i can help you on this one ,first of all name the agent as this is all to common and let others know.
i had a tread on this site and was called ,BUYER BEWARE,AND POINTED OUT ALL THE PIT FALLS OF BUYING THROUGH AN AGENT,THIS IS NOT TO SAY ALL AGENTS ARE BAD BUT TRY AND FIND ONE THAT DOES,NT LIE THROUGH HIS TEETH AND TELLS YOU WHAT YOU WANT TO HERE,UNTILL HE RECIEVES YOUR HARD EARNED MONEY.I HAVE BEEN IN THE PROPERTY GAME A LONG TIME AND HAVE MET THEM ALL,I TOO MADE ONE MISTAKE IN SHARM AND LET AN AGENT TAKE CONTROL,BUT SOON PUT A STOP TO THAT.
LIKE I TELL EVERYONE ON THIS SITE DO THERE HOME WORK GO OUT A FEW TIMES ,TRY AND DEAL THROUGH THE DEVELOPER,EVEN IF IT MEANS GOING BACK TEN TIMES AS IT WILL BE WORTH IT AND SAVE YOU THOUSANDS,NOT JUST POUNDS.I HAVE SEVERAL PROPERTIES THERE NOW AND DO NOT HAVE ONE OUNCE OF TROUBLE WITH BUYING,OR THE CONTRACTS
 
Posted by mac0623 (Member # 10529) on :
 
MARK I BET I KNOW THE AGENT YOU ARE TALKING ABOUT YOU MUST NAME THEM,OR P/M ME AND I WILL NAME THEM
 
Posted by delamer (Member # 11567) on :
 
Mac,
I don't know if we are talking about the same villas? I bought through Pioneer Property at 'Paradise Villas' and I am very pleased with the service recieved. I don't think that anybody else is selling these villas independantly as I believe Pioneer Property are the developers. This is one of the things that made me feel more comfortable with the purchase as there is no middle man.
 
Posted by barrypear (Member # 11671) on :
 
I had the worst nightmare I bought a property with a british agent in sharm who reccomended to me a british couple who makes furniture in sharm their names lisa and russel(of course the agent takes commision from them which i did not mind as long as they are trustworthy) but lisa and russel fled the country after having taken full payment from me for furniture and many others as I heard, I did go to Cairo and bought everything (Egyptian prices) prices were half price of what I was quoted (English prices I guess for an English buyer who is blind with a lot of trust)
I still love sharm and the peolpe over there
Did any one have this experience?
 
Posted by markatk (Member # 11668) on :
 
pioneer property
 
Posted by mac0623 (Member # 10529) on :
 
lets put one thing straight POINNER PROERTY are not developers,they are agents and not the sole agents there are many people selling them villas even i could sell you one as it would take me less then a day to find the developer.
as iam a developer in montazah and sell through an agent if one comes to me but would not let them deal with the money side of it as i would protect the buy all the way.
BARRY.
I HEARD THESE PEOPLE ARE BACK IN SHARM DEALING THE SAME SORT OF THING
 
Posted by mac0623 (Member # 10529) on :
 
POINNER PROPTERY ARE NOT DEVELOPERS THEY ARE THE (MIDDLE MAN)and if iam thinking of the person who took you there they would of told you what you wanted to hear.
and more importantaly if they told you this ring them up and ask them out right.
they will take 2.5% from the seller and 1.5% from you,if your not paying the 1.5% then the price is over and above the norm.i had the same problem with some villas i was selling through them and found out the dirty tricks they was playing and stoped the sale and told the buyer what was going of
 
Posted by delamer (Member # 11567) on :
 
Mac,
I have looked at some of your other posts around the forum and it seems to me you are slagging off all the agents in Sharm in general and using the forum to advertise your property. I personally felt very safe dealing with Pioneer Property and I have looked into it and they are joint partners in the Nabq project therefore are infact the developer. This is why there is no commission charges on the project.
I think that it is unfair of you to be putting all these agents down, they have spent money on marketing and offices etc...whereas you just slag them off and try and pick up their business without any expenditure!
You can atleast do your research if you are going to bad mouth people rather than post malicious and infactual information that misleads people.
 
Posted by mac0623 (Member # 10529) on :
 
lets get something right here if i wanted slag someone off i could tell u untold stories,yes agents i have not time for and i make no bones of that.
as for joint developers you belive what you will and i wish you well on that.
as for no charges wake up and smell the coffee the charge is buried in the over in flated price .
tell me what you brought, and with in the week i will get the same if not better for dam sight less.
i would like to bet you i have more money in sharm then anyone in that office,i dont need anyones commission.
but what i do like to see is the poor brits whom come to buy dont fall pray to plausable crap about no charges good lawyers rates ,best furniture packages and all the speal that follows.to use this forum to sell my own,like i tell everyone have a good look round ,check prices,and read between the lines.
i proved my point beyond dout, they personal took me around my own place as potential buyer and could not belive what i was told.and please dont take my word read the guys post above they told him about 15k more than i was asking so tell me please where was that cash going,so much for no fu..king charges.if i was an agent making that on somebodies elses hard work i would tell you anything.
also i spoke to a guy up north whom brought a great buy ,no charges 28k plus furniture ,2 weeks later i brought the same but next to the pool for 21 k all in.
no my friend if thats bad mouthing you keep to what you know i will will keep to what i know.and a the end of the day you will be living there and wanting the best for your investment.
 
Posted by mac0623 (Member # 10529) on :
 
another intresting point they have anounces new development in sharm at the best prices in sharm and of course no charges.
i was offered it 2 weeks ago at 7.500 cheaper and checked to day on the price and still on offer for that price just launched in the uk 15/08/06.
have to admitt though good luck to them.
i think i will jack in spending my own money and just make sh.t loads on someone elses.not a bad idea.but then i would be to faced,
I LIKE TO SLEEP WELL AT NIGHT
 
Posted by mac0623 (Member # 10529) on :
 
must confess there is one good agent in sharm /uk nice guy own company knows all the developers ,from london, been in sharm a long time
 
Posted by barrypear (Member # 11671) on :
 
hello delamar,
by the way my bad experience was with pioneer property they were the ones who reccomended to me lisa and russel so i agree with mac 100% to be carefull and make sure you are paying the right price and not over inflated prices just because they are british like us i was trusting them blindly,as for you delamar you are saying mac is slagging off agents in sharm so did you this makes us confused more now who to deal with however in my opinion i think dealing with a local agent is better at least they have no where to go with our money. i met alot of egyptians they were very pleasant so i still love egypt and sharm..
 
Posted by delamer (Member # 11567) on :
 
Hi barrypear,
Sorry if I have caused any confusion here, I just wanted to pass on my experience with Tarek el Saadi to warn people to be careful, I think that we are all basically singing from the same song sheet as far as being careful goes. I still love Sharm and the locals. I have just got back actually, went out to check the progress of the development rather than just see the pics on the web site. It is coming along really quickly and I have a 100% confidence in the project and Pioneer. I also had a look around at some of the other stuff available and although some of it is cheaper per square metre, the locations arent as nice and those prices are all unfurnished so we would still have the hassel of sourcing and installing all the furniture, can't imagine that it is as easy as in the uk!
Mac did actually PM me his prices in Montazah which I actually thought were pretty expensive, he didn't send me the plans either although I requested them several times so don't know whats going on with him!
 
Posted by mac0623 (Member # 10529) on :
 
i took one pm from you i will always answer any question put to me,my answer was to you on the 17/8/06 at8.25am giving you detail and prices of both beach front projects in montazah and you replied to me with this which i paste now

posted 17 August, 2006 09:11 AM
--------------------------------------------------------------------------------
Prices seem a little high to be honest! Is that furnished or unfurnished? Would be willing to have a look though, closer to the beach the better! Are there any floor plans or anything that you could send me before I arrive

AS I TOLD YOU BEFORE I HAD THE PLANS FOR THE BEACH FRONT,AND STARTED BUILDING ON THE OTHER AND WOULD HAVE THE PLANS FROM THE ARTIST IMPRESSION VERY SOON,LIKE YOU SAY YOU GET WHAT YOU PAY FOR AND MINE IS ON THE FRONT NOT A MILE BACK.
SO THERES NOTHING GOING ON WITH ME ,THERE WAS NO SEVERAL TIMES ,AS I LOG ALL MY IN MAIL AND RETURNED MAIL I RECIEVED,UNLESS IT WENT ASTRAY THEN I HAVE NO ANSWER FOR THAT.
TO VIEW SOMETHING EXPENSIVE YOU MUST CALCULATE AGAINST OTHER LOCAL PROPERTIES IN THE AREA,AND HAD YOU DONE THIS YOU WOULDNT HAVE WROTE THE INCORRECT VIEW.
THIS I WILL PUT TO YOU,YOU FIND WHAT IAM SELL FOR THE SAME PRICE ON THE SAME LINE OR BACK AND YOU HAVE GOT IT FOR FREE.CARNT BE FAIRER THAN THAT CAN I
 
Posted by mac0623 (Member # 10529) on :
 
UMMM JUST READING THROUGH YOUR MESSAGES TO ME FROM THE 16TH TO THE 17TH I ANSWERED ALL YOUR PM,S.GAVE YOU DETAILS AND YOU SAID"I WANT TO BE NEARER THE BEACH" HOW MUCH CLOSER DO YOU WANT TO BE ,IN THE WATER [Eek!] [Eek!] [Eek!]
NOT TO WORRY WE ALL GET CONFUSED WHEN STRESS IS UPON US
 
Posted by barrypear (Member # 11671) on :
 
delamar,
it seems very strange to me, you are still doing the same thing again which is slagging other agents and promoting pioneer, personally i had a bad experience with them and i don't reccomend them to anybody their prices are too high i checked other agents prices and they are far better by at least 35% explain to me why are you promoting them? what is the deal here everytime you log in you praise them whats the case?
 
Posted by mac0623 (Member # 10529) on :
 
i warned people on here becareful people do talk agents up why?.
it may because they are agents,and i know for a fact there is agents on here and also they change there names every so often.
barrypear- YOU HAVE AGOOD POINT.
 
Posted by delamer (Member # 11567) on :
 
barrypear,

I thought that the forum was for voicing your opinion? You have yours and I have mine.
People are always quick to criticise, including myself, I had a bad experience with Tarek El Saadi and thought people should know about it and wouldn't recommend him to anybody.
Generally people are also very slow to praise good service, which I feel I am receiving from Pioneer so why shouldn't I also write about that too?
Your friend Mac is constantly promoting his service and voicing his opinions and yet I don't see you criticising him. I haven't had a go at any of the people on this forum that think good of Tarek el Saadi, just posted my experience as a warning to people and thats it.

As far as the price being 35% higher with Pioneer than all the other agents, well not in my experience. It might be a little higher than some of them but I am a believer in you get what you pay for. For a start everything else that I looked at with agents over there was based in a hotel complex and sold on a 99 year leashold basis. Well the project that I am buying on is not in a hotel complex and is bought on a freehold basis. Already worth the extra money in my mind.

That said, a 99 year leashold might suit you and everybody else on the forum....so what? It might not...so what? Others here might only want to look at the cheapest deal...so what? Then again others here might have a completely different point altogether...so what?
You express your point, I'll express mine. I do not think that there is anything wrong with mentioning the good as well as the bad.
 
Posted by delamer (Member # 11567) on :
 
Mac, I have just had time to read some of your ranting above! See below:
-------------------------------------------------
i would like to bet you i have more money in sharm then anyone in that office,i dont need anyones commission.
but what i do like to see is the poor brits whom come to buy dont fall pray to plausable crap about no charges good lawyers rates ,best furniture packages and all the speal that follows.to use this forum to sell my own,like i tell everyone have a good look round ,check prices,and read between the lines.
i proved my point beyond dout, they personal took me around my own place as potential buyer and could not belive what i was told.and please dont take my word read the guys post above they told him about 15k more than i was asking so tell me please where was that cash going,so much for no fu..king charges.if i was an agent making that on somebodies elses hard work i would tell you anything.
-------------------------------------------------So are you saying that you are that well off that you are building your places and selling them at cost just as a favour to people? Wow, what a guy! Ofcourse the agents in sharm make money.....you're the first person that has ever told me they do anything for free!
 
Posted by ian475 (Member # 11095) on :
 
delamer,i can vouch for mac being a generous guy with his knowledge,time and contacts.i wouldnt have purchased if it wasnt for him(i didnt buy his property but he helped me enormously)i for one am gratefull that he took the time and trouble to offer his advise which he neednt have.
 
Posted by Penny (Member # 1925) on :
 
quote:
Originally posted by delamer:
barrypear,

Well the project that I am buying on is not in a hotel complex and is bought on a freehold basis. Already worth the extra money in my mind.

That said, a 99 year leashold might suit you and everybody else on the forum....

It does not suit anyone on the forum but that is the law. No foreigner can own land on a freehold basis in Sinai and if anyone tells you differently go and check with an INDEPENDANT lawyer.

And you wonder why many of us say don't trust the agents [Roll Eyes] [Roll Eyes]
 
Posted by mac0623 (Member # 10529) on :
 
DELAMER i dont know where your coming from i only pointed the truth out .you say iam ranting,are you bloody thick or what,you came on here calling one agent and a talking another up saying that they are developers,i only pointed out they lied to you and i stick by that.
you must think before you start calling people,and please only point facts out,
and the offer above still stands as regards to my place being costly find the same my friend and you will get mine for free,
i think your an agent or a miss guided buyer
 
Posted by mac0623 (Member # 10529) on :
 
i think we all get miss leading views on land ownership,we carnt buy it from the goverment for 3 dollars a mtr like some locals can but they dont mind selling it to you for £400,000 aplot in prime location i think its an old saying
MONEY TALKS,
 
Posted by mac0623 (Member # 10529) on :
 
So are you saying that you are that well off that you are building your places and selling them at cost just as a favour to people? Wow, what a guy! Ofcourse the agents in sharm make money.....you're the first person that has ever told me they do anything for free! .----------

try and understand what iam saying here ,this is not about me or you or anyone else on here this is about what people will tell you just to get a sale and from what you have said and my own experience of the people you now adore,they have lied to you ,me and the poor guy above lost a sh.t load of money.
NO THE AGENTS SHOULD,NT WORK FOR NOTHING, AND THEY SHOULD,NT HIKE THE PRICE WITHOUT THE CONSENT OF THE OWNER OR MISSLEAD BOTH PARTIES EITHER
 
Posted by Des (Member # 9479) on :
 
Amen to all that!!! [Razz] [Razz]
 
Posted by Tarek El Saadi (Member # 11399) on :
 
Being spectacular for a quite long time believing that this offensive attitude from this Delamer will find a dead end, but now we believe that it's quite suitable to highlight over all the incidents he was talking about it lately.
Gentlemen I'm Tarek EL Saadi, owner of Sharm El Sheikh real estate agency, Since we had only one incident at the sharm Bride Resort close to Delamer's story, Delamer first when he came bought couple of units, we provided all the service means to him, even till he decided to stop the deal we refunded all his payments, although as we noticed from this chat room that other agencies do not assists their clients until the end as we done with him, afterwards we knew that he already joined another reputable real estate agency, and hence he decided to get rid of his units, but it wasn't professional of him that he started to talk aggressively about me personally, start rumors about the project, as attacking the project swimming pool size etc..., but its obvious that he lost his credibility on this chat room since he is a real estate agent as Mac mentioned before in all his credible statements, the truth is that we keen all the respect to Barry Aldridge the agent & his father in law David Bell. Even after all what we heard.
 
Posted by barrypear (Member # 11671) on :
 
Hello everyone,
Now i understand tarek why delamar was slagging other agents it seems obvious he works for pioneer properties since he is always promoting them and talking about their developments,this certainly i agree with tarek and mac makes him lose the right to be present in this chat room please stop posting you are not welcome here anything you say we will not believe.....
 
Posted by mac0623 (Member # 10529) on :
 
so what was this guys angle and for what?and what gain? you never know who your talking to on here and where the advice is coming from ,but i guess this time we are all wiser,he will more than likely pop up under a different name,but you can always spot them will be interesting to have his view and opinion on this, as it now puts a bad light on the people who he spoke so highly of [Eek!] [Eek!] [Eek!]
 
Posted by delamer (Member # 11567) on :
 
Well guys,

If I am an agent then I must be a double agent. I do not live or work in Sharm el Sheikh or the real estate industry!
Barry Aldridge is the guy that I purchased from at Pioneer property. I will refrain from saying anything good about him or the company that he works for as this obviously bothers some of you here.
However I will say this. Barry did tell me that he had similar experiences with you Tarek el Saadi but at no point was he unprofessional in anything that he said about you. Enough said and I am not promoting him!
Me and you both know you are lying as far as he being the only case like this, several people mailed me with similar stories!

Mac...I don't really have an angle or a gain. Is it necessary to have one?

Also Mac, genuinely a question for you which is for clarification for me as a 'misguided buyer' and others. When I sent you a PM asking to look at plans of your places and contracts, you told me that your contracts are strightforward, protecting the buyer and yourself and that they don't mention any of this 'leasehold' stuff.

That would imply to me that you are selling on a freehold basis?
A European friend of mine who lives there has also recently bought on a freehold basis, not through Pioneer I might add.
I would still like to see plans of these places and maybe view them next time I am there.

Oh and Barrypear....go swing! I have as much right to post on this forum as you, if you don't believe what I say, so what!

I look forward to the next bout of criticism from you all.
 
Posted by Tarek El Saadi (Member # 11399) on :
 
Credibility justified with documents
I am a man of documents, to prove your claim we are waiting that you present any documents which links you, with us or Sharm Bride
If you have any please apply it over here on the chat room
But if you don't…………………
Please do not waste our time,
well Barrypear and Mac believe that this is the most credible way as gentlemen to handle any claims
 
Posted by delamer (Member # 11567) on :
 
Hhhmmm little tricky as you know, had to hand all that back to you and sign so that I could get my money back.
Tell you what if it makes you feel better, I made the whole thing up and Sharm Bride is moving along really quickly and is ahead of schedule!
You are a trustworthy and reliable man and my tongue is not firmly in my cheek!
 
Posted by mac0623 (Member # 10529) on :
 
well where is all this going.i think here we are a bit confussed,.
DELAMER.TO BE HONEST if we are to belive you now on any problems you may have had or you do or not work for the said agents,you must admit the way you first entered the forum was slightly one sided.
now tarek is saying this,but one thing will lead you to him is paper trail of the money you sent to him or his agents account,money always leads somewhere.
DEALMER.
I THINK BY NOW EVERYONE ON HERE KNOWS MY POSITION ON HERE WITH AGENTS,ITS NOT THAT I DISLIKE THEM THEY HAVE AN INPORTANT ROLE IN ANY DEVELOPMENT AND THE GROWTH OF ANY AREA AND I THINK THEY ARE THERE TO BE (USED) FOR THE INFO AND GENERAL INFO THE COLLECT FROM THE DEVELOPER AND SHOULD DELIVER THAT INFOMATION IN A CORRECT MANNER.
BUT SHARM IS YOUNG AND THERE IS BARGINS TO BE HAD,
AND ON THE SAME TOKEN THERE IS PEOPLE TO BE RIPPED OFF AND PEOPLE WILL TAKE ADVANTAGE OF THIS.
AND THATS WHY THERE IS SO MANY PEOPLE ON HERE WANTING THAT INFO AND PEOPLES OWN REAL LIFE PIT FALLS AND WANTING PEOPLES DO.S AND DONT,S OF BUYING IN SHARM.
AFTER ALL AND THIS IS WHAT I TELL EVERYONE ITS YOUR MONEY NOT THERES AND WHEN YOU GO TO AN AGENT THEY ARE NOT THERE TO BULLY PEOPLE AND MISGUIDE THEM INTO BUYING THEN TAKE THE PISS OUT OF THEM BY SELLING THEM A FURNITURE PACKAGE FOR £7,000K,WHEN YOUR BUYING INTO ONE OF THE CHEAPEST LABOUR MARKETS IN THE MIDDLE EAST.
AND IF PEOPLE LIKE ME AND MANY OTHERS PUT THIS INFO ON HERE AND CAN POINT PEOPLE OUT ON THE PIT FALLS THIS CAN BE ONLY GOOD THING FOR ALL.
AS FOR MY OWN PROJECTS,I THINK I PROVE MY POINT FULLY ON PRICES,NO I DONT WORK FOR NOTHING DELAMER I JUST DONT TAKE THE PISS OUT OF THEM AND A FIRM BELEAVER IN TREATING PEOPLE WITH THE RESPECT THEY DESERVE AND LEAVING THEM WITH A GOOD MARGIN THEN WE ARE ALL HAPPY,AFTER ALL I AND MY FAMILY WILL BE LIVING THERE.

REMEMBER EVERYONE ITS INPORTANT FOR EVERONES INPUT--GOOD OR BAD--- AND BY THIS WE WILL ALL BE WISER
 
Posted by barrypear (Member # 11671) on :
 
delamar,
it is obvious here that you are trying to defend yourself if you do not that means that you are an agent so ofcourse you have to answer back,but mac is correct you have to have bank documents connecting you to tarek el saddi so where are they? this chat room is for info to help buyers not to slag people around for personal reasons...anyway we heard your story and enough is enough so you go and swing.................!
 
Posted by Tarek El Saadi (Member # 11399) on :
 
One thing will lead you to justify your claims is a paper trail of the money you sent to our account, always leads somewhere.
This is not only our opinion but other respectable gentlemen too
We noticed your high swimming interest and we asked that the swimming pools measurement should be specified in the project feature which will not be less than 100 m2
 
Posted by mac0623 (Member # 10529) on :
 
i think here its best people make thier own minds up ,as we will be here all day at this.
 
Posted by JW (Member # 10610) on :
 
Back from contract some work in Dubai. Thank you all who sent PM's. I see that we have some new faces on the playground. Mac I see that you no longer have the monopoly on Bla Bla Bla and you now have a tag team mate. Delamer, remember to wear safety boots when stomping around on toes, it looks as if you are having fun, go for it.
 
Posted by mac0623 (Member # 10529) on :
 
change of name,oh no another.
SOME PEOPLE ON HERE HAVE MORE FACES THAN THE TOWN HALL CLOCK.
WHERE WAS U IN THE U A E
 
Posted by Des (Member # 9479) on :
 
Watched an interesting programme on ITV last nihght - about overseas property buying.

Couple in the Canaries paid 27,000 euros to an
English "agent" for a villa, nothing in writing
all the excuses under the sun and then paid another 170,000 and started moaning when she did a runner!!!

People bought in Spain and Cyprus (North) found
they had no water or power yet paid over the cash

Sounds familiar?? asMAC says, do your homework
and beware of "snake oil" salemen, be they
English or Egyptian!! [Roll Eyes] [Roll Eyes]
 
Posted by sharmer (Member # 5738) on :
 
as im reading this thread, i feel very sorry for the way it goes with real estate business here...even the foreigners who started real estate business learnt how to be smartly cunning when selling.... i was working in Real estate agencies , decided not to work with them again coz as a translator italian espacially , the company put me in a critical situation that's sometimes not for the good of the clients ..that's why i left to work by myself..guys do not blame the agents but the real estate owners and managment should be blamed ..u know how hectic is to be committed to several clinets for showing and going through deals and farming for quite satisfactory properties in sharm and after, almost 80% of the buyer/seller commission goes to the office..the agents get beanuts.if u can find a trustworthy independent agent not an agency , he will be satisfied with ur commission without any other overprices (inflation).moreover, he will be dedicated & fully customer service oriented as he will not bear the danger of ripping off people.
 
Posted by delamer (Member # 11567) on :
 
I can't think of one person that I know anywhere that would put their bank details on a public forum!
Mac as you said this could go on for weeks, so for those of you that want to believe I am a double agent, estate agent or a secret agent thats cool.
For those of you on here that know I am not (Tarek to name one) or don't care either way thats cool too.
Mac I have sent you a pm.

Sorry about not giving you all my bank details!
 
Posted by mls2601 (Member # 11798) on :
 
quote:
Originally posted by ian475:
delamer,i can vouch for mac being a generous guy with his knowledge,time and contacts.i wouldnt have purchased if it wasnt for him(i didnt buy his property but he helped me enormously)i for one am gratefull that he took the time and trouble to offer his advise which he neednt have.


 
Posted by mls2601 (Member # 11798) on :
 
Hi, I'd also like to add to Ian's comments - mac has been great with the time and knowledge he has given to my husband and I. We didn't buy a property from mac but this didn't stop him from giving lots of helpful advice and putting us in touch with locals in egypt who have been fantastic. We are due to take the keys to our new apartment in Nabq in December
 
Posted by mac0623 (Member # 10529) on :
 
thanks for that but carnt remeber who you are.sorry
 
Posted by JW (Member # 10610) on :
 
Would somebody please quote some relevant piece of legislation with regards to the 99 year lease hold. I have searched extensively on the net with no luck at all. The closest that I have found is law 230/1996 allowing the purchase of 2 properties each not bigger than 4000 sqm. My contract does not mention 99 years and my contract has been registered in the court. There is however a common held belief that the 99 year lease is gospel. Somebody please quote me some legislation. Mac, maybe you can help me on this one? PS ever worked on a natural gas to petrolium plant?
 
Posted by mac0623 (Member # 10529) on :
 
no never worked on one had a couple of companies in dubai ,live iin the centre of it,crazy place
 
Posted by delamer (Member # 11567) on :
 
Hi JW,

I am indeed having fun. However for this one I am sure I am going to get accused of all sorts of things!

I have been told by several people in Sharm that you can buy freehold!!!! Oh no he said it he must be an agent working for Pioneer!

Well actually no, however they did tell me this, as well as friends in Sharm el Sheikh and several other developers. Mac also helped me out a little on this one.

There has apparently been a 'decree' put forward for discussion with the government to protect their land from being sold to certain individuals with whom the Egyptians don't have a particularly friendly history with.....

However this is not yet a law and may well never become a law from what I have been told. I have tried to confirm this by emailing the consulate in London but as yet have received no reply.

This is my understanding of the situation although I was also told by certain individuals that I have mentioned in previous posts that I could only buy on a 99 year leasehold basis and this was the law not the fact that this was the only product he was selling so suited him to say so!!!

If anybody can provide any legislation or definitive information source it would be greatly appreciated by all of us I think.
 
Posted by JW (Member # 10610) on :
 
Hi Delamer


Any idea if this decree that has been tabled for discussion has some form of reference number? I can not believe that an important piece of policy which will be instrumental in helping people deide one way or the other, does not have any ref number. Raining again today, maybe take a week off and catch some sun. Mmmmmmm
 
Posted by Tarek El Saadi (Member # 11399) on :
 
According to the prime minister decision A Decree No 548 year 2005 issued on 5 April 2005 issue 76
Second article
In Sharm El Sheikh it is possible to foreigners to own housing units by a decision from the authorities and after the approval of the authorized authorities for not more than 99 years
 
Posted by mac0623 (Member # 10529) on :
 
hi tarek,much is drawn to this issue regarding this decree,and according to all the people i contacted and some so called powerful people in cario this motion was never carried forward as to the upset to the many people whom have already brought,and the decree was spoke about for many years before as to the history with your country and how it was handed back to egypt,and the decree came about when your goverment thought the people whom you was at war with was now buying up all the land and property,untill they found the vast people whom was buying was westerners,so the decree was never enforced as now your law courts will gladly approve the blue paper with the stamps and sign all articles mentioned in the contract in front of them and give there final stamp of aproval in the sale,
so tarek this is very much up in the air at the moment as to your govertment saying one thing and the law courts approving another,
so if where to belive the goverment they will revoke all the people whom have brought in south sinai before the decree and over turn all that has brought after,
i have not heard from one person either way that has had this happened to them in south sinai [Confused] [Confused]
 
Posted by mac0623 (Member # 10529) on :
 
after all tarek is your goverment going to upset what provides 20% of its work force and growing by the day,this remains to be seen ,who knows
 
Posted by JW (Member # 10610) on :
 
I ran a search for decree 548 on the web, nothing. Local library, nothing. Is it possible that this decree is only verbal?
 
Posted by Tarek El Saadi (Member # 11399) on :
 
We have an original copy of this document please send to me by PM your email and I can email it to you translated in English
 
Posted by mac0623 (Member # 10529) on :
 
yes tarek you have the document of the decree but do you have the document that enforces the decree i have seen this document many times.
this is like what we have in the uk,green paper which is the decree and the white paper which is passed by the voted goverment,now that your goverment has become westernised and your goverment has not done this, and the law courts are still acting on what is presented to them.
now iam sure the courts should know of passed laws and which one to enforce,
tarek i spoke to a couple the other day called eric who was buying through you he is a nice guy !!!
 
Posted by pamplemouse (Member # 10943) on :
 
Had an invitation to a "property investor" exhibition in London later this month.

Sharm Real Estate will be there. Think I might go and have a look, much better doing business
whrn you can look people in the eye!! [Big Grin]
 
Posted by judith (Member # 11850) on :
 
hello pamplemouse,
I also got an invitation to go to the exhibition from sharm real estate i had bought property with them few months ago through an agent there called khaled he was fabulous very helpful he even advised me about diving great guy, if anybody wants to buy go see khaled i would reccomend him.
 
Posted by dae45 (Member # 11859) on :
 
Hi,
iam new to this chat room and its interesting for me to read other people's postings and especially mac when he was talking about pioneer properties, but i would like to share my experience i actually bought from pioneer properties and found out later that the price was way to high by at least 30% i was shocked and they would not help me in any way so i decided to sell my place not through them and i did but i lost money and iam very upset, iam glad we are all exchanging experiences here iam very frustrated and do not reccomend them to anybody...
 
Posted by mac0623 (Member # 10529) on :
 
but what is more important is where did the 30% go?,so this is your money hard earned, then when you see something you think as an investment,which it should as been as prices are going up.
you get someone lying throught thier teeth giving you all the promises under the sun so you part with your money,and please excuse the saying.(THEN THEY DONT GIVE A FU.K),AND PEOPLE ON HERE WOUNDER WHY I HAVE NO TIME FOR AGENTS.
you are not the first or the last and as you people read this there is quite a lot of agents on here reading it as well.
then when we complain or give miss givings they come on here give sh.t excuses then get people to come on the forum and talk them up ,saying thier praises and how lovely they are.

WELL LETS INVITE ANY AND I SAY ANY AGENT ON THIS FORUM TO JUSTIFY 30% HIKE IN PRICE AND LET THEM EXPLAIN WHERE THIS AMOUNT GOES.
WELL BEFORE THE SCUM DOES COME ON HERE I WILL TELL YOU.THE PRICE IS ALWAYS LOADED THE DEAL IS ALREADY DONE WITH THE DEVELOPER ON THE PRICE,THEN THEY HAVE THE FUC.KING CHEEK TO SAY YOU MUST PAY 1.5% BUYERS FEES,THEN TAKE THE P.SS OUT OF YOU BY SAYING THE LAYERS FEES ARE £1000 THEN THEY FINALY PUT THE KNIFE IN BY SAYING BUY THIS FURNITURE PACAGE AT 7.000. STERLING

I WILL TELL EVERY ONE ON HERE YOU WILL SAVE YOUR SELF THOUSANDS AND I MEAN THOUSANDS WHEN PEOPLE GO OVER THERE INVEST IN YOUR SELF ,FIRST PAY THE EXTRA WEEK AT THE HOTEL,GIVE YOUR SELF TIME, THEN GET A SIM CARD HIRE A CAR OR TAXI FOR THE DAY OR WEEK,(NOT MUCH) VIST THE SITES WITH THE AGENTS LET THEM DO THE LEG WORK THEN GO ROUND AGAIN AFTER THEY HAVE GONE FIND THE DEVELOPER OR THE MAN IN CHARGE AND SEE THE DIFFERENCE IN PRICE.
I HAVE DONE THIS SO MAN TIMES AND I WOULD SAY ON AVERAGE THE PRICE DIFFERECE IS ABOUT £7.000 ON A PROPERTY ABOUT £40.000 .
NOW THIS MAY NOT SUIT EVERONE BUT WILL GIVE A CLEARER PICTURE AND THEN YOU GO BACK TO THE AGENT AND SAY THE PRICE AND JUST LET THEM WORK FOR THIER 1.5%.
AND THIS IS HOW IT SHOULD BE..DONT LET THE AGENTS TELL YOU WHAT TO DO YOU TELL THEM ITS YOUR MONEY....WELL LETS WAIT AND SEE PEOPLE THEY SAY YOUR NEVER MORE THAN 30 METRES AWAY FROM A RAT AT ANY GIVEN TIME
 
Posted by tigersteve (Member # 11822) on :
 
hi all.lets do this the easy way.see if people are prepared to disclose what they are buying/where it is/and who they bought off.then we can compare prices and finally see who is overcharging.i will start bought off sharm el sheik real estate...top floor 1xbedroom 2xbalcony..on the sharm bride ...paid £26,000...i was happy with the price,butwhat did you pay,cheers,steve
 
Posted by amanir (Member # 11410) on :
 
I also received the invitation but for us in East Yorkshire (Beverley near Hull) we can not just go to London at any time. It would be nice if they could do a tour in major areas like Leeds...etc.. I would like to meet with you guys.
 
Posted by mac0623 (Member # 10529) on :
 
i think for the time being i will settle for just waiting for a reply.

amanir.....invitation to someones sale talk comes at a cost,ie,cost of advertising,function room,wages,..and the cost is passed on and more and aimed at the buyer
 
Posted by mac0623 (Member # 10529) on :
 
amanir i wish you well in what you are trying to do as i have read your other posts but may be a long shot,go for something your self its only my opinon..best of luck
 
Posted by Rayman (Member # 11909) on :
 
Hi Everyone.

What a great site, it has helped enormousely with the research I've already undertaken. I am looking at 2 potential purchases in Nabq Bay. One from Egyptian Experience direct and the other through Sinai Property Services at the Al Alamia complex opposite Hilton Oyoun.

I am going out in 4 weeks time to have another look and would welcome any comments on any of the developments or companies I've mentioned above - good, bad or indifferent.

If anyone can recommend a lawyer and a furniture company, that would be good as well.

Thanks in advance for any assistance.

Ray
 
Posted by M & M (Member # 11816) on :
 
reply to tigersteve, we paid cash upfront and got a 15% discount on a top floor, 68sq.m, 1 bed unit in Sharm Bride, 2 balconies no. 13. £25,782.
 
Posted by mac0623 (Member # 10529) on :
 
m.m and you would have got that furnished at that if you had,nt gone through an agent and still got change...
 
Posted by Tarek El Saadi (Member # 11399) on :
 
Hi Mac sorry for the delay to answer
Thank you for your message and say Hi to Eric for me
I do not like the 99 years lease either I was at a conference in Cairo attended by 15 British developers and an International Law firm in Cairo and proposed as a complain in February 2005 in the presence of the Ministry of Tourism (Mr El Maghraby) due to the fact that it was very difficult to register properties at that time and to encourage them to do business in Egypt they proposed it
I believe they regret it now and that is the prime reason why this was Implemented in April 2005
 
Posted by markatk (Member # 11668) on :
 
hello tiger steve and M&M,
i bought a property in sharmbride with sharm el sheikh real estate,it is top floor also, 2 balconies 68sqm i paid 30,745GBP, i should have bought earlier but did not and the prices went up 10% anyway you did better than me, iam very satisfied and happy with this property.
 
Posted by tigersteve (Member # 11822) on :
 
hi markatk.it really doesnt matter what we each pay.i am of the opinion that you will only pay what you are happy to do so.yes we bought pre increase ,but i am sure your will also increase in value in time ,and therefore have been cheaper to buy than the next investors will pay.thats life.sit on any aeroplane and listen to what people have paid for their flights.some pay £299 some pay £79 for exactly the same thing.would suggest our next move is to buy together to get furniture discount/air cond /lawyers etc.anyone interested.regards,steve
 
Posted by tigersteve (Member # 11822) on :
 
just recieved some pictures from sharm real estate of the progress at sharm bride.this is comforting to see bricks being laid and buildings actually appearing out of the sand.would suggest to tarek that they keep this up,say once a month so those of us back in england can see what is happening.regards,steve
 
Posted by Egyptian_batman (Member # 11915) on :
 
طيب لازم تعمل فرح عشان هتشتري شقه في شرم الشيخ أمال لو اشتريت بقا فيلا هتعمل ايه


ايه الأمخاخ ده يا جدعان

should u make a party before buying a flat ? what will u do if u want to buy a villa?
what kind of brain do u have
 
Posted by M & M (Member # 11816) on :
 
totally agree with tigersteve, i think a little perspective is needed. We recently bought a 2 bedroom flat in kent for £150,000. Its not in the best of area's and its certainly not 8 minutes away from a fantastic beach. Now we have bought an apartment in Sharm el Sheikh for 25 odd grand plus A.C plus furniture etc so call it a total of approx 35 grand!!!!! All i can say is that im over the moon with this purchase and if others have made some money out of me along the way, well, good on them.
 
Posted by Egyptian_batman (Member # 11915) on :
 
150 الف جنيه سترليني

يا ما شاء الله
يرزق من يشاء بغير حساب صحيح
 
Posted by mac0623 (Member # 10529) on :
 
slow down bat man
 
Posted by Egyptian_batman (Member # 11915) on :
 
WHAT'S THE SPEED LIMIT HERE?
i USED TO DRIVE FAST
 
Posted by mac0623 (Member # 10529) on :
 
thats better now we can see you
 
Posted by JW (Member # 10610) on :
 
Thank you Mac for the PM puts the situation into perspective. Can I take it then that the 99 year lease is not law and probably will never be. What about the developments that are already selling 99 year, do the developers have an option to sell 99 years? This would be convienient to be able to secure ones offsprings future should one be a developer.
 
Posted by mac0623 (Member # 10529) on :
 
you have to understand the middle east,everthing is done by contract,un like in the uk.yes we have a contract in the uk but this ties us in with many other things, which is law and the lawyer will have guide lines and a duty to you.

middle east, not so you write a contract, you do not need a lawyer dont need to go to court just sign and pay.
JW.i have not met one person this has affected.
as for the developer the ones i have met will take the 99 yrs out gladly
 
Posted by JW (Member # 10610) on :
 
So there you have it, if you are considering buying insist on free hold. I think that if enough foreign buyers insist on free hold we can make this 99 year thing go away.
 
Posted by pamplemouse (Member # 10943) on :
 
If you guys are going to be around in 99 years, please let us all know the secret formula!!! [Big Grin]
 
Posted by JW (Member # 10610) on :
 
Probably not, with some luck my kid or his kids will be and I dont think that they would remember me fondly if I left them with what will be an ungratifying task of having to renegotiate a lease option. The law currently only states that the lease will be renewable, it does not specify how and at what cost. My limited experience with developers and buisiness in general does not encourage me to think that they will be less greedy in 99 years than they are now. So far the developer that I am dealing with has managed to come up with new and inventive ways of extorting money out of me at every turn. Make no mistake we are not talking about huge sums of money however one of the reasons that I baught here was because of the percieved cost of inexpensive labour which should translate to inexpensive product and alterations. The cheapest and easiest part of this whole exersize has been the apartment purchase itself, it is all the BS that has followed that is costing a lot of money and grey hair. No I am not unhappy that I opted for a property in Sharm, on the contrary. I got in early so I have had to learn from the school of hard knocks. Next time around will be easy because we have learnt a few things. At the end of the day I will have an apartment, as I want, where I wanted and at very good price all in all. I do not suffer under any delusions that my property is going to make me rich overnight however this was not the object of the exersize. If I sell now I will profit but in hindsite I think that this played too much of a major role in my decision, the possibility of turning a quick buck. Unfortuneately I am now of the opinion that I will keep the apartment and this decision has thrown me back into the feeding pen so to speek because I must now finnish what I started. Unfortuneately everybody knows this and I am now fair game, with every person that I meet wanting to liberate as much of my hard saved pounds in the shortest period possible. I am in the fortuneate position that I can spend time shopping around and I have found some reliable help otherwise my baulding condition might be well advanced by now.
There is good advice on this forum dispite the odd banter, if you are considering buying now is a realy good time.
I know that, as myself, a lot of prospectve buyers monitor world happenings and try to gauge the fall out in Sharm however the one thing that has become aparent is despite the rough ride that the middle east has had in general, Sharm is still building, prices are still going up and people are still buying. Ive done my homework and I know where I will buy my next apartment and with who. The timing is perfect and there is plenty of places to shop.
I will buy free hold and I urge any body else buying to insist on that as well, I wont make it for another 99 years that is for sure however I dont want my offspring to pay for a bad decision made now.
 
Posted by Julie4381 (Member # 11846) on :
 
Hi

I own a one bed apartment in Delta Sharm if anyone knows of anyone who is interested. It is 72sqm. It is fully furnished(the furniture is of very good quality). It is situated near the fountain at the entrance. It has an air con unit in the bedroom and one in the lounge. I currently rent it to holiday makers but it would make a perfect holiday home too. I can send photos to anyone who is interested. The aksing price is £38,000 ono. It is available for viewings asap. My mobile number is 07949 108483. Thanks, Julie
 
Posted by mac0623 (Member # 10529) on :
 
well once again i lost a sale due to well know agent when will they learn they are there for thier client not for themselves,in the end costing me money in calls why dont they except that to earn something is better than to earn nothing,but lies will always come out.
this is just to point out that the agents are not goverened by any goverment body or have any basic ethics.so therefore the market is open to conmen from all over the world so it would be in the agents interest to get together to form some sort of legal body and format themselves,
but i think greed will blind them of this
 
Posted by gary26 (Member # 11726) on :
 
I am buying a property in Nubia Resort Nabq, is anyone else on the site buying there. have recently had my contract and it will be completed in 15 months. it looks to me to have great potential. it is however on a 99year lease.
Must take the opportunity to thank Tarek, of all the agents we visited he we found him the most helpful. he listened to what we wanted and only took us to view property that met that criteria, whilst other agents had to be reminded of what we wanted during the viewing..
 
Posted by john r (Member # 12075) on :
 
has any one bought apartments at el hayat sharm
resort
 
Posted by john r (Member # 12075) on :
 
has any one bought apartments at el hayat sharm
resort
 
Posted by mac0623 (Member # 10529) on :
 
gary and john been in both
first on gary met the developer 99 yr lease would be removed done a good deal with him direct this year.my feelings was too many other el hayat not the same company as the hayatt met the developer nice guy better of the two i thought was going to buy in there when they just started been back since will be good when completed
 
Posted by john r (Member # 12075) on :
 
do you know much about the el hayat and how its getting on
 
Posted by mac0623 (Member # 10529) on :
 
it was to be completed this tear but when i was there in july some one told be they was behind but by how long i dont know then met two guys at my hotel whom was buying in thier and they was happy with what they seen and was told and that is where i met the developer again .
so nothing bad about the place ive heard.
have you brought there or thinking of
 
Posted by john r (Member # 12075) on :
 
i have bought there and i am looking to buy another one some where will have to see you in january to see if you can get me one
 
Posted by john r (Member # 12075) on :
 
has anyone else bought at el hayat sharm resort
 
Posted by Des (Member # 9479) on :
 
Had an interesting e-mail from Pioneer Property
in Sharm - they have a new website [Razz] with a co.uk address!! However, for a 5th line apartment
in Montazah me thinks they are still taking the
p***.

Have alook, make your own mind up. [Confused] [Confused]
 
Posted by mac0623 (Member # 10529) on :
 
just seen it des very slow aswell have a look on www.viviun.com all countries then middle east you will see mine on 1st and 2nd line des and no where near that price i wounder where they get it from [Eek!] [Eek!] [Eek!]
 
Posted by mac0623 (Member # 10529) on :
 
and uk
 
Posted by Des (Member # 9479) on :
 
Mac, had a look at "vivium" must be me, but don't
seen to be able to get contact details of vendors [Confused] Any suggestions welcome [Smile]
 
Posted by mac0623 (Member # 10529) on :
 
who are you trying to contact and which ad
 
Posted by mac0623 (Member # 10529) on :
 
www.viviun.com [Eek!] [Eek!] [Eek!]
 
Posted by Tutandmoan (Member # 12060) on :
 
Anyone thinking of buying in Dahab? Some advice, DONT use lawyer called Mustafa- bad little dude with dodgy mush and glasses - I nearly lost my house from goverment demolition and I did loose 2k paying him to lie to us- he did give us a bunch of faked court papers though! Dont buy land in the beddouin district Assalah- unless you 100% sure it is goverment registered land - and not much is. We have had a nightmare 2 years of court cases - still on going. We lived perminantly in our house and my husband is Egyptian, but we still got stiffed by that lawyer
 
Posted by memodesign (Member # 12308) on :
 
you are welcome in Egypt


-----------------------------
Arabic Zawag - Free 100 % . you can contact all members for free .
http://www.m3loma4u.com
 
Posted by Mal (Member # 12314) on :
 
Hi, Just got back from Sharm yesterday, had a great one week holiday and put an offer in on a half built villa in 'Hadaba' - through 'Pioneer Property' - we are very excited about taking on this project but also a little worried as we now have to find a construction team to finish the project to western standards and also a company to furnish it for us (this is not a task I want to take on myself).
My biggest fear is using a company who will produce shabby workmanship as I have seen in similar properties and how do I find a contractor who is right for my project.
We have read back through a few pages of this forum and cannot comment about 'Pioneer' just yet as we have only had an offer accepted yesterday and have not even paid the deposit as yet. The team there seemed very friendly and helpful but as we know in this game - that means nothing.
Has anyone on here bought a villa (not new, we were told this property is freehold - will it say this on the contract)
Any thoughts or comments would be appreciated.
 
Posted by goodworth (Member # 12338) on :
 
I went with Pioneer to paradise but too windy and far away from the beach, we see great potential in Nabq with the new golf course,
We did view a 4 bedroom villa in Nabq in a resort with a 5 stars hotel beach access for 100,000 and around 550 m2 land will be ready in June with a sea view turn key but 20 minutes walk to the beach
All the agents informed us that free hold is only for Egyptians (we are a bit confused)
We are looking for a villa or a 3 bedroom apt with minimum walking distance to the beach for investment with a hotel management
Any info is appreciated
 
Posted by Mal (Member # 12314) on :
 
Hey Mac,

I've just read back on this forum and on one of your feedbacks you recommended getting a sim when arriving in Egypt, my mobile costs are £1.70 a min while I'm out there and I'm planning on using it a lot but worried about the prospect of the bill at the end of it (I've run up phone bills of hundreds of pounds before while abroad). Can you tell me what my best option is, should I buy an Egyptian mobile being that I plan to spend a couple of months a year there or can I just buy a sim form my own phone and if so how do I go about that out there?
 
Posted by mac0623 (Member # 10529) on :
 
mal go over to gas station walk round with it on your right if your going to your agent the first set of shops there is small mobile shop there take copy of your passport make sure your phone is open for any net work you will get sim there if you know a local send him in,
 
Posted by mac0623 (Member # 10529) on :
 
mal on the other question you asked me i will find out and come back to you
 
Posted by mac0623 (Member # 10529) on :
 
OK WHERE DO I START ON THIS FORUM IF ANYONE ASKS ME A QUESTION I WILL ASNSWER AS THE BEST I CAN.THERE SEEMS TO BE A GREAT NUMBER OF PEOPLE ON HERE WHO IS NOT HAPPY WITH THE ABOVE SAID AGENT,BUT WHAT I DONT WANT IS FOR ANYONE TO ASK MY ADVICE AND THEN GO BACK TO THERE AGENT FOR THEM TO E MAIL ME QUESTIONS THAT ARE GOING KNOWWHERE IN PRIVATE THIS FORUM IS OPEN FOR EVERYONE TO SEE AND READ MY E MAIL IS NOT,
THIS FORUM IS HERE TO HELP EVERYONE FROM ME TO THE LAST AND THAT INCLUDES AGENTS A LIKE,IF THERE IS A PERSON WITH A PERSONAL EXPEREIENCE GOOD OR BAD IT HAS SURELY GOT TO BE A GOOD IDEA TO VOICE FOR THE SAKE OF OTHERS AS THE MONEY PEOPLE SPEND IS NOT EASILY REPLACE IF A BAD JUDGEMENT HAS BEEN MADE,
AND THIS FORUM IS HERE TO HELP OTHERS UNDERSTAND OTHERS WHO HAVE TAKEN THOSE VITAL STEPS BEFORE THEM AND MADE GOOD OR BAD DECISIONS,AS I MYSELF HAVE MADE SOME BAD ONES AND I SEE PEOPLE ON HERE MAKING THE SAME AND AS I READ BACK THERE AS BEEN A LOT OF PEOPLE ON HERE THAT HAS HELPED OTHERS,

BUT WHAT REALLY GETS MY BACK UP IS THERE IS MANY AGENTS ON HERE WITH DIFFERENT NAMES POSING AS OTHER PEOPLE TALKING UP AGENTS FOR THERE OWN GAIN NOT JUST ONE COMPANY SEVERAL,AND AS THEY READ THROUGH OTHER PEOPLES PLIGHTS DOES IT NOT SINK IN TO THEM THAT PEOPLE HAVE WORKED ALL THIER LIVES FOR A DREAM NOT A FU.CKING NIGHTMARE.
LIVE COULD NOT BE EASIER IF WE ARE UP FRONT WITH THINGS
 
Posted by Mal (Member # 12314) on :
 
Mac (or anyone else who knows),
I'm wondering if after purchasing my property if I should get it registered. The agent and other people have told me it is not necessary and that it takes too long. Is your property registered and do you know what the pros and cons are for registering a property?
 
Posted by mac0623 (Member # 10529) on :
 
your agent is right in one respect but whay price do you put on peace of mind.time frame 3 mths ,cost about 4000-5000le,you will buy by the contact mal and recieve the deed but for the cost of a few hundred pounds the process you dont have to be in the country just sign the power to your lawyer and when your back in the country your contract would have gone through the courts and each paper signed by the sitting judges and you will recieve the blue paper now this will be in arbic but it will say your the owner and approved the contract,so god forbid in time too come if anyone comes back to you or the previous owner says he has the right to buid on top of what you have brought or move his grandmother in with you,and the end of the day you could just buy with the contract but a lot of brits want the piece of mind,in the middle east mal everthing is done within the contract so its up to you and how you feel about it
 
Posted by Mal (Member # 12314) on :
 
Thank you - I will investigate further and then decide.
 
Posted by Chrissy (Member # 12449) on :
 
quote:
Originally posted by Mal:
Mac (or anyone else who knows),
I'm wondering if after purchasing my property if I should get it registered. The agent and other people have told me it is not necessary and that it takes too long. Is your property registered and do you know what the pros and cons are for registering a property?

Who was that smartass who told you not to register? Registration is prohibited in Sharm, but my lawyer authenticated my contracts using a court verdict. He said that it was not the highest protection, but after all, the highest AVAILABLE protection for foreigners in Sharm. Don't listen to these agents because I've had enough with them. They don't care, they just wanna sell and then it's not their issue whether you'd get legally involved or whatever. I've had troubled stories with agents and lawyers in Sharm. Want some advice? Look for Zeiad Yehia if you want a one good lawyer, I don't remember his number or email, but just ask about him, he's a high profile lawyer, and very competent in both English and law.
 
Posted by mac0623 (Member # 10529) on :
 
this person has just left for sharm so she will take it up with her agents,iam sure she will read this while thier,like i said to her it will bring an element of peace of mind,i think the smartass you refere to was her agent and she was charged 5500le for lawyer so if her contract was not to go through south sinia courts what was this charge for,
QUESTION CHRISSY,WHEN YOUR CONTRACT WENT THROUGH THE COURTS DID YOU PAY 3% ON VALUE OF PROPERTY,AND WHOM WAS YOUR AGENT
 
Posted by fallenknight (Member # 10650) on :
 
Hi mac long time since i posted on the forum but have been reading it every day.after several attempts at selling my house in the uk the sale finally went through and i am now living in egypt with my husband.
not in sharm though we are now living in hurghada as from the 17 nov.
we really liked sharm but as we have relocted to egypt hurghada is better to live.
the infrastructure is much better....weather and sea is same but cost of living is cheaper here with the markets etc
plus the property is freehold and much much cheaper
the problem with sharm its to isolated especially nabq where we were buying
 
Posted by Des (Member # 9479) on :
 
Good for you girl! [Razz] are you in Hurghada for good or just holidays??. You are quite right about property being cheaper - saw some apartments in Marsa Alam 2 beds just under £30000

Anyway, best of luck in Hurghada - do keep the
forum up to date with all your news. [Smile] [Smile]
 
Posted by fallenknight (Member # 10650) on :
 
Hi Des yes much cheaper we are living out here permenately.....out here for good
its been interesting up to now
Egyptian builders are hard workers but unfortunately not blessed with brains
we have lots of work done to the apartment since we have been here.
the painters have been here until midnight(can u see that happening in the uk)
but one of many things is that they put silicone round the bath just before they drilled the bathroom ceiling for the shower rail....
not the best move
but we are just going with the flow
 
Posted by Chrissy (Member # 12449) on :
 
quote:
Originally posted by mac0623:
this person has just left for sharm so she will take it up with her agents,iam sure she will read this while thier,like i said to her it will bring an element of peace of mind,i think the smartass you refere to was her agent and she was charged 5500le for lawyer so if her contract was not to go through south sinia courts what was this charge for,
QUESTION CHRISSY,WHEN YOUR CONTRACT WENT THROUGH THE COURTS DID YOU PAY 3% ON VALUE OF PROPERTY,AND WHOM WAS YOUR AGENT

I didn't pay 3% of course, because this registration is prohibited in Sharm even for Egyptians, and as my lawyer mentioned, there's another type of law claims called "Contract Validity" which proves OWNERSHIP almost like registration or slightly less, but unfortunately you should be the first puchaser, and the seller MUST be a governmental organization. The available claim, however, is "Signature Validity", which doesn't touch on the ownership right, but only on the signature, and therefore forms a very weak form of legal protection, but though the only available form of legal protection in Sharm. I hope this was a sufficient answer for your question, and by the way my lawyer was Zeiad Yehia, the most competent lawyer in Sharm. 5500 L.E is a very normal price for articulating the contract and managing the court procedures. I would, however, pay even more for Zeiad's contracts, which are similar to the ones in my country, except for adding the Arabic parts, while the other contracts I saw via other people were "offending" if you know what I mean.
My agent was a girl called Shireen Malak, who was charming and had a professional way in managing the sale.

Now I have a question; how comes you're an old poster on this forum "as I realized" while being unaware that the 3% thing cannot be applied?!
 
Posted by mac0623 (Member # 10529) on :
 
hi there yes long time fallenight i always thought you was a guy, i dont know why, but anyway good to hear from you this thing with freehold on main land to south sinia is the same.
so are you working out thier or just taking it easy,
des was out your way last night at friends house drank whole bottle of ltr brandy so just a bit foggy in the head this morning and just coming around,will get over to you before xmas for drink and chat would be nice to meet you.
 
Posted by mac0623 (Member # 10529) on :
 
POSTED BY CHRISSY

I didn't pay 3% of course, because this registration is prohibited wyer mentioned, there's another type of law claims called "Contract Validity" which proves OWNERSHIP almost like registration or slightly less, but unfortunately you should be the first puchaser, and the seller MUST be a governmental organization. The available claim, however, is "Signature Validity", which doesn't touch on the ownership right, but only on the signature, and therefore forms a very weak form of legal protection, but though the only available form of legal protection in Sharm. I hope this was a sufficient answer for your question, and by the way my lawyer was Zeiad Yehia, the most competent lawyer in Sharm. 5500 L.E is a very normal price for articulating the contract and managing the court procedures. I would, however, pay even more for Zeiad's contracts, which are similar to the ones in my country, except for adding the Arabic parts, while the other contracts I saw via other people were "offending" if you know what I mean.
My agent was a girl called Shireen Malak, who was charming and had a professional way in managing the sale.

Now I have a question; how comes you're an old poster on this forum "as I realized" while being unaware that the 3% thing cannot be applied?!


REPLY
i dont get that last bit about being an old poster or is it iam being slow this morning,i do belive now agents are charging people this 3% as i have heard this off many people,and yess 5000le is the norm for lawyer and court costs but not just for lawyer,as why pay for lawyer if your not going through courts there is no need or is it another way of making money for agents
 
Posted by mac0623 (Member # 10529) on :
 
IT WILL BE INTERESTING TO HEAR FROM THE PERSON WHOM IS IN SHARM NOW AND WAS TOLD THEY WILL HAVE TO PAY THIS 3% AND BEING CHARGED FOR NOT GOING THROUGH THE COURTS, AND I HOPE THE AGENTS ARE READING THIS WHICH I KNOW THEY ARE, SO IF THIS PERSON ENDS UP PAYING THIS 3% PLUS **** LOADS OF MONEY FOR NOTHING THEN THIER WILL BE A LOT OF POSTS HIT THE FORM ABOUT THESE AGENTS BUT LETS WAIT AND SEE
 
Posted by mac0623 (Member # 10529) on :
 
CHRISSY THE registration is ddone in cario for locals of land or property but also done in south sinia
 
Posted by Chrissy (Member # 12449) on :
 
Hi Mac,

Sorry, I just called my lawyer again, just to check the validity of your post, and I was reassured that REGISTRATION IS PROHIBITED in Sharm, for both locals and foreigners, on both land plots and buildings. I'll quote exactly what he said: "Please the the person who told you this to recheck his resources, may be he meant the "contract validity" legal claim, which almost resembles registration, but which also needs certain factors to be available", but registration can be done in Cairo ONLY for properties in Cairo and in few cases in some neighboring areas, while those in sharm CANNOT be registered by ANY MEANS.
This was what he told me exactly, and asked me also to check the authorities in El-Tur for the validity of his statement, which I'm not going to do, simply because I trust him 100%.
 
Posted by J_Mordey (Member # 11569) on :
 
Hello Chrissy, mac0623,

When it comes to land plots, I admit not being an expert, but I know Zeiad Yehia very well, as being one of his clients, and if it was true that he told you this Chrissy, then it's the truth, regardless of what any others may say.
 
Posted by mac0623 (Member # 10529) on :
 

 
Posted by mac0623 (Member # 10529) on :
 
still not sure of your question here;;;

Now I have a question; how comes you're an old poster on this forum "as I realized" while being unaware that the 3% thing cannot be applied?!

i did not pay 3% but peoople are bieng charged this
 
Posted by Chrissy (Member # 12449) on :
 
May be I misunderstoof your statement! If you mean by (3%) the percent you pay for the agent you deal with, then I'd say it's a little bit too much, because the maximum I know is 2.5% / seller and 1.5% / purchaser. If you mean by (3%) the legal percent deducted by the government for registering your property, then you would have been frauded if you paid this fee, simply because registration is not allowed, and consequently the (3%) thing is not needed. By the way, even the (3%) government fees for registration OUTSIDE Sharm was replaced recently with a fixed amount of funds, which is approximately 2000 EGP, so let's forget completely about the 3% thing, because Egypt has changed this policy completely.
What I meant by "old poster" is that I realized you are an experienced poster on this forum, and seems that you have a lot of info in different realms, so I was just a little bit surprised that you were confused about the registration issue, that's all.

J_Mordey,

Yes he told me this, thanks for your support.
 
Posted by mac0623 (Member # 10529) on :
 
no my point was people today are being asked for this and i told them not to hand the money over and it is not required and found it strange people are being asked for it
 
Posted by Chrissy (Member # 12449) on :
 
Allright then! I thought you were suggesting I'd pay the 3% thing! No of course I didn't pay it. I just paid the lawyer's fees all inclusive and the job was done. He told me since I met him that the 3% thing was nothing but a fraud, a big one.
 
Posted by mac0623 (Member # 10529) on :
 
and that is what i told the person who has just gone out there i hope she reads this i tried her phone but was off
 
Posted by mac0623 (Member # 10529) on :
 
i think you confussed me as well there are three ways to deal with property in sharm your layer chrissy is not correct in saying that no register in sharm the only reason people dont is to avoid the tax bill as my next door has done this but was land with tax bill but one day they will enforce this as law.
also just off phone with the person who register the property was not wise move by him,no body likes paying tax.
 
Posted by mac0623 (Member # 10529) on :
 
JOHN R if your reading this just been speaking to my friends in sharm will e mail you soon about furniture package and prices he has given me prices of some thing and will let you know soon
 
Posted by Chrissy (Member # 12449) on :
 
quote:
Originally posted by mac0623:
i think you confussed me as well there are three ways to deal with property in sharm your layer chrissy is not correct in saying that no register in sharm the only reason people dont is to avoid the tax bill as my next door has done this but was land with tax bill but one day they will enforce this as law.
also just off phone with the person who register the property was not wise move by him,no body likes paying tax.

I'm so sorry to reinform you that registration is not allowed in Sharm even for locals. There's something different for land plots called "Dedication Resolution" which could be issued for locals on land plots, but which is still different from registration. People wish to avoid the 3% governmental deduction I agree, but this is out of Sharm, while in Sharm - according to my lawyer - REGISTRATION IS NOT ALLOWED except in few certain cases as I told you before, and this would be when an EGYPTIAN investor purchases a massive land plot to build a project on it, and even then he wouldn't be allowed to register unless the project is completely built. Please check your info, especially when you intend to give advices.
My father was calling 2 hours ago, and I mentioned this issue, he told me that registration was not allowed, then asked me to check with Zeiad Yehia if I had doubts, I told him that I did, when he told me: "Then that's it", so please ask some reputable lawyer, then get back to me, and I'll respect you more and more when you admit you were wrong about this.
 
Posted by mac0623 (Member # 10529) on :
 
tell me when you in sharm and i will take you to the people,other ways is through setting up of company which is one off payment about$5000 then buy what you want,but you will pay stamp duties,we can agree to diagree here like most gulf countries as sharm is a free port.my info is more then correct so please check yours,where did you buy and whom from,like i said three way as mentioned above then court execution and the register but yes in sharm,but land is more available to the bedwin people as sharm was thiers .
the people will not register as the locals hate thier own goverment and resent paying them anythink,
but anyway what will be intersting is to know if this lady will be charged the 3%
 
Posted by mac0623 (Member # 10529) on :
 
ok we can go round the houses all day on this its not that important as iam not paying the tax and iam not taking the advice of a lawyer iam talking to the person whom did this.
like i said 3 ways one as above court exection and register,last not adviseable unless you wish to pay way round for foreigners to make company in egypt same as most gulf places ,cost.$ 5000 then register against company but whats the point if your just buying one or two.
where did you buy
 
Posted by Chrissy (Member # 12449) on :
 
OMG! Some people never give up even when they have no idea what they're talking about! They also try to imply the fact that they know every thing. Yes sir, My dad is wrong, my lawyer is wrong, and the authorities are wrong. You are right! I'm sorry for questioning your valuable knowledge, and I promise you never to do this again! People register in Sharm all the time, it's the easiest thing to get your contract registered in the notary office, and they even pay you 3% to encourage you to register. The government didn't replace the 3% registration fees few months ago with a fixed sum of money, and registration in Sharm is allowed for all, but preferably foreigners. Signature validity court verdict is done by no one in Sharm. The other thing "Contract validity" doesn't even exist! YOU ARE RIGHT, and I'm so happy I met someone like you with this vast knowledge. Tell me, are you an expert in medicine too? Or is it just law? Because I feel sick!
 
Posted by ian475 (Member # 11095) on :
 
i thought it was easy enough.contract made,visit to tur with the seller,sign the register at the notary,wait for the blue paper stamped by the courts,no 3% =property registered as mine and agreed by the courts.am i missing something here.
 
Posted by mac0623 (Member # 10529) on :
 
chrissy where did you pirchase and which agent did you have the problem with and why?
 
Posted by Chrissy (Member # 12449) on :
 
May I ask you who am I talking to? You keep asking a question after another, while you never revealed anything about yourself. The only 2 things I'm certain of about you so far are that you need to fix your grammar, you have no idea about the legal system in sharm, you are helpful to some people, and that you ask too many questions. I'm Chrissy Harold Gladstone, may I ask you who are you? Where in U.K do you live? Are you Egyptian / British? "Please don't tell me you're British 'cause you're not!", how exactly are you related to Sharm? And what are your qualifications? Sorry I just tend to be curious who I'm talking to.
 
Posted by mac0623 (Member # 10529) on :
 
ok lets start from the top here,i was talking to someone,when you came in half way through,
then thought i was telling you to pay the 3%,why you thought i was telling you that i havent a clue.
then went on a needless point,your first opening post was rather agressive calling someone a smartass,well if you paid attention to the posts above you wouldnt have came in with that attitude.
your post clearly said you was jacked off with certain agents and thier ways,so please state as this would be most helpfull to others,as for grammer one point to you i will send you a medal in the post,
as for other the legal system is full of loooope holes had many companies in middle east and its a case of not what you know,but whom you know,sharm is no different ask your lawyer he is high profile isnt he?.
now you attack me what for i dont know,if your keen to know about me you would have done what any level headed person would have done,is to take time in reading and shear your thoughts with others instead of jumping in with both feet first calling people smartass,why didnt you just put the person straight, this was her first time buying and everthing turned out ok for the person but she was asking some positive questions know matter how small or silly it may seem,,
now go and ask your lawyer this which is the best way for someone like your self to finalise your contract and if your stupid enough to pay the 3%,because if you take this path you will force the person whom you sell to in the future also to take this path,which in turn will put many buyers off your property,
now am i related to sharm ,of course not,please tell me your not british ,what the bloody hell does that mean,so if i say iam a muslim what are you going to say then,
so please keep creed out of these posts and dont stoop to peronal issues.
as i or anyone on here have not attacked you or each other,and thats what creats a good forum.

so why do you want to know where i live are you coming to get me,(this was a joke of course}
must also point out you said you was certian of two things you mentioned three, if your happy with your purchase Chrissy Harold Gladstone then iam happy for you [Eek!] [Eek!] [Eek!] these faces make me laugh
 
Posted by mac0623 (Member # 10529) on :
 
i dont know if your intrested or not good football match on at 4.
 
Posted by mac0623 (Member # 10529) on :
 
chrissy i must add this i was just in my kitchen cooking dinner and was painting a mental picture off you and i thought i bet this person is a teacher of some form so had to look at your profile,WHAT A GUESS ,
I WOUNDER WHY? [Eek!] [Eek!] [Eek!] SEE YOU CAN ONLY ASK ME AND OF COURSE I WILL TELL YOU,TRY NOT TO COME ACROSS IF YOUR MARKING YOUR PUPILS WORK AND TELLING THEM OFF,IT MUST BE DIFFICULT BEING A TEACHER NOW DAYS,BUT LIKE I TOLD YOU CRIPPSY NOT ALL IS LEARNT IN THE CLASS ROOM
 
Posted by mac0623 (Member # 10529) on :
 
Chrissy
Junior Member
Member # 12449

Rate Member posted 26 November, 2006 01:59 AM
--------------------------------------------------------------------------------
OMG! Some people never give up even when they have no idea what they're talking about! They also try to imply the fact that they know every thing. Yes sir, My dad is wrong, my lawyer is wrong, and the authorities are wrong. You are right! I'm sorry for questioning your valuable knowledge, and I promise you never to do this again! People register in Sharm all the time, it's the easiest thing to get your contract registered in the notary office, and they even pay you 3% to encourage you to register. The government didn't replace the 3% registration fees few months ago with a fixed sum of money, and registration in Sharm is allowed for all, but preferably foreigners. Signature validity court verdict is done by no one in Sharm. The other thing "Contract validity" doesn't even exist! YOU ARE RIGHT, and I'm so happy I met someone like you with this vast knowledge. Tell me, are you an expert in medicine too? Or is it just law? Because I feel sick!

THIS JUST GOES TO PROVE A POINT HERE I BET YOUR PHONE BILLS ARE CRAZY,NEVER MENTIONED YOUR FATHER, I BET YOU ARE FEELING SICK
 
Posted by Chrissy (Member # 12449) on :
 
I didn't attack you! It's YOU who's attacking me now. I never cared whether if you were a Muslim or not! Where did you get this weird idea from?
You amaze me! I didn't think it was possible for one person to possess such a vast reservoir of undiluted gibberish! Anyways, I'm off this valuable discussion!!!
One last question; when you go to the mind reader, do you get half price?
 
Posted by mac0623 (Member # 10529) on :
 
not at all ,quote your name get it for free,please for the sake of others here because everthing is here to read i dont understand your final point on the matter i was talking about to the lady in question,so please do tell me what was your input for lady and which way you intended to help her,
YOU MUST NOT TRY TO COME ACROSS IN THE FASHION YOU ARE ITS VERY AGRESSIVE ,YOU QUOTE YOUR NOT ATTACKING ME ,BUT YOU CRAZY PERSON DO YOU NOT READ WHAT YOU PUT,
AND PLEASE WHICH WAY AM I ATTACKING YOU YOU MUST QUOTE,I HAVE NOT DEMEANED YOU IN ANY WAY,
I THINK ENOUGH SAID NOW.
AS THE LAST TIME SOMETHING THAT UPSET THE VALUBLE CHAT ON THE FORUM IT CAME AFTER A CERTIAN AGENT WAS IN THE LIME LIGHT AND REALLY A GOOD WAY TO DIVERT ATTENTION AWAY WAS TO THROW A BAD APPLE IN.
 
Posted by mac0623 (Member # 10529) on :
 
MUST PUT SOMETHING POSITIVE,FOR THOSE WHO ARE BUYING THE POUND IS VERY STRONG AT THE MOMENT,MAL YOUR ONE WEEK TOO LATE,HOW ARE THINGS GOING, I HOPE WELL,
 
Posted by Chrissy (Member # 12449) on :
 
Your post is the world's greatest proof of reincarnation; no one could get that dumb in just one lifetime, and please try learning elementary grammar before attempting to inflict your next literary abomination on this message board.
 
Posted by mac0623 (Member # 10529) on :
 
THERE YOU GO AGAIN JUST PROVING MY POINT ,
NOW I WILL NOT REPLY TO YOUR LOW LEVEL OF CALLING,WHILE MY GRAMMER MAY NOT BE THE BEST MY MANNERS ARE AND THAT IS WHAT IS IMPORTANT TO ME.SO GO BACK TO THE PERSON WHO TOLD YOU TO COME ON HERE AND SAID I TRIED AND FAILED,I THOUGHT YOU WAS AT WORK NOW? NOW HAVE A GOOD DAY
 
Posted by Chrissy (Member # 12449) on :
 
You keep amazing me, really!!!
 
Posted by ian475 (Member # 11095) on :
 
hey you two,dont you both think this is getting to personal and completely of the original topic.a lot of people are interested in this particular topic as can be seen by the amount of questions on it.
chrissy,i have asked the people i know in sharm about "Zeiad Yehia and Shireen Malak" but to no avail,where is this lawyer based and who is the agents that employ shireen malak ?as you are obviously pleased with there service please share
from the info i have read it would seem that you are both saying similair things above.my apologies if i am gramatically incorrect anywhore.
 
Posted by ian475 (Member # 11095) on :
 
oops!!!meant anywhEre!
 
Posted by Des (Member # 9479) on :
 
Ian,

re your last posting - you probably got it right
without realising it!! [Big Grin] [Big Grin]
 
Posted by ian475 (Member # 11095) on :
 
wasnt deliberate,honest
 
Posted by mac0623 (Member # 10529) on :
 
[Eek!] [Eek!] [Eek!]
 
Posted by mac0623 (Member # 10529) on :
 
so strange, hard to understand,one minute carnt remember his e mail in the same sentence dont have his number,in the next post just come off the phone,,so high profile nobody can find the dude,what kills me the most is calling my grammer and if you read crippsy reply on someones girlfiend on the next thread how dare you call my grammer .
your first to last sentence on the poor guys girlfriend ,
 
Posted by ian475 (Member # 11095) on :
 
couldnt help noticeing the "nationality"comments she was making on that thread also,a middle class racist perhaps?
 
Posted by mac0623 (Member # 10529) on :
 
crissy and j mordley if that is your real names ,AS YOU APPEAR TO BE A DUO ON THE OTHER FORUM you go back to ERA as that is where you get your info from and chrissy if you carnt remember thier number i will give it you,dont come on here firing bulletts for someone else ,
POINEER WAS RIGHT SOME SMALLER PEOPLE ARE THROWING STONES,AND HERES A QUOTE "PEOPLE IN GLASS HOUSES SHOULD,NT THROW STONES"
 
Posted by ian475 (Member # 11095) on :
 
"ERA" i have heard of these.cant realy put on here what i have heard,i will pm you!!!
 
Posted by J_Mordey (Member # 11569) on :
 
ATTN mac0623:

Listen mate, I have no idea why do you mention my name here! Especially that I don't know you, don't know Chrissy, and I have never seen her on any other forums! I believe that she has been bad to you, as I believe that her way of replying to me wasn't proper as well, but I find no reason that you would involve my name in your personal argument.

You can have as many arguments with anyone as long as you don't involve others, I'm not taking this personal as I hope you were a bit confused may be, and I would expect you to think twice after my post. Furthermore, I don't remember attacking neither Pioneer nor anyone else. I saw many posts concerning pioneer, either on this forum or on other ones, but as far as I can remember, I never participated to any, neither positively nor negatively!

I can't deny feeling surprised that you involved my name in this out of no where! Agreeing with someone's openion about legal stuff, especially that it was not her own opinion, but other person's opinion whom I trust, doesn't mean I'm your enemy or something! Chill out mate!!!
 
Posted by mac0623 (Member # 10529) on :
 
ATT J MORDEY


ok firstly,iam not your mate,found it srange you jumped in when she bulling someone up not to be above board, so i take that back with a sorry mr mordey, there is no personal argument and i dont take things on here peronal or anywhere, as agreeing with other peoples opinion ,no this was her opinion several times, and never thought for one moment you was my enemy, as for chilling there is no need, i take everthing with ease so once again sorry for involing you, it was strange though (this was a joke so please dont jump at that).
and yes she is on the other site
 
Posted by Mal (Member # 12314) on :
 
Hi Mac,

I am back and all went well thank you - now the proud owner of a villa in Hadaba. I think I see your one there, is it one of the really large ones on the right hand side of the main road from the petrol station to the beach?

I am saddened to read the comments that have been written on here about you, you are a respected member of this forum and have given many people valuable and unbiased advice (me especially), most people on here would know that what Chrissy has written was totally unnecessary and way over the top. Please don't be put off by her, as people like me need you and keep up the good work.

OK, as for Pioneer - when I first entered this forum a few weeks ago I was very worried after reading the negative comments about Pioneer, I need not have worried as they have turned out to be totally professional and helpful throughout my transactions, there communications with me where immediate from day one with my emails being replied to within a few hours each time (and there were many believe me) and my questions being answered. And I would have no hesitation in using or recommending Pioneer again in the future.

The question of the 3% must have been a misunderstanding on my part or someone told me this who did not know because when I questioned them about this they told me that this is all included in my fees and that the property is being registered to me via the courts and all the costs were included in the 5500LE (sorry if I confused you).

I had a very busy week and met with 3 contractors for estimates for the renovation work to be done on the villa, they all came in at around the same price 40,000 K which sounds a lot but included windows, doors, floors, bath and shower rooms, marble flooring, electrics, plumbing, air con, etc, etc, etc. We did get a quote through Pioneer and this would have been our 2nd choice but we decided to go with ERA who is a young company (a franchise of a large American company) and the engineer was really in tune with my requirements. It should be finished by the end of March.

Hilton Waterfalls was everything you said it was and we loved staying there, thank you so much for giving me Vivienne email address she did arrange a lovely room on the 1st floor overlooking the sea and with king size bed. The pools and beach looked fantastic although we didn't manage to use any of these but hopefully next time, we did get to use all of the restaurants - excellent.

Thanks for advice about sim - got an Egyptian one and it worked perfectly and cheaply and that's why you couldn't get through to me on my normal mobile number.

I went into Sharm Real Estate (while passing) and he shouted his way through a document about 99 year lease and was criticizing the fact that I had bought a villa in Haddaba. I'm not going to say much about what I think of this real estate agent on here because I found him to be self opinionated and intimidating but I don't think they are an agent that I would be happy to deal with because he would not listen to my requirements (his assistant who showed us a villa at Nuba Sharm was lovely) maybe you should take a few lessons in customer service from him.

I have almost bought another villa on Nuba (a resale) and although I have put down 1000 pounds deposit (my pound sign is not working on my lap top) I have not signed the contract yet until my lawyer looks it over. I want to put up a new post on this site to find out if anyone else has had problems with Nuba, the developer has not agreed a management company for the hotel yet.

Enough for me – I have made up for the week I have been away on here.
 
Posted by mac0623 (Member # 10529) on :
 
well iam sure everbody on here is glad for you and that everthing turn out ok and positive and your pleased with your purchase,this is all proof that agents can deliver a good service,so good luck in your new project and get them sleeves rolled up.heres a tip try and get your work done before and heat returns,
also good luck on the new purchase up in nabqa,
dont worry about some people on here they some times drop in firing bullets for people and bulling others up,the funny thing is you can spot them a mile off so once again good luck with things.
glad you liked the hotel its very central to things
 
Posted by Des (Member # 9479) on :
 
Now I know everyone and his dog has had a comment
on this but I have recieved the monthly newsletter from Pioneer Property and on the page
advertising Roman Theatre it clearly staes
"FREEHOLD" confused??? I am!! [Confused] [Confused]
 
Posted by mac0623 (Member # 10529) on :
 
meeeeeeee tooooooooooooooo [Eek!] [Eek!] [Eek!]
 
Posted by mac0623 (Member # 10529) on :
 
des how long you in sharm for
 
Posted by Des (Member # 9479) on :
 
Hi Mac,

Not going down to Sharm till new year - probably
late January.

Laying new carpets etc at the moment - fun??
 
Posted by mac0623 (Member # 10529) on :
 
ok will chat when i see you,
 
Posted by diverdan (Member # 12607) on :
 
Hi everyone
I am new to the site. Just returned from Sharm after a lovely diving holiday. I was so taken in by the place I decided to buy a place for myself when visiting and let it out when not there. I do not know the areas well (at all) or the quality of the builds. Can someone point me in the right direction? Any other advice will be highly appreciated. Thanks.
 
Posted by ian475 (Member # 11095) on :
 
hi dan,whereabouts in the uk are you.you cant go wrong studying all the topics on this site and others,there is many pitfalls to buying abroad not just egypt so i can understand you wanting to get as much info as possible,cant blame you for wanting your own place out there though,shame we cant purchase a underwater habitat there as it truly is amazing.
 
Posted by diverdan (Member # 12607) on :
 
thanks ian, yes I am aware of pitfalls, however every country has its own "set of pitfalls". Any ideas about "descent" residential areas?
 
Posted by ian475 (Member # 11095) on :
 
anywhere in sharm i would have thought was descent,i am not aware of any dodgy parts.
 
Posted by Penny (Member # 1925) on :
 
quote:
Originally posted by Des:
Hi Mac,

Not going down to Sharm till new year - probably
late January.

Laying new carpets etc at the moment - fun??

Me too .. Sharm ...not laying carpets .. got to pack up my flat ready for renting would be good to put some faces to names [Smile]
 
Posted by Des (Member # 9479) on :
 
Hi Penny,

We are going down around 28th Jan for about 10 days, not sure where we are staying yet!!

Yes, it would be nice to put faces to names. Mac is down in Sharm at the moment, supposed to be
coming over for a drink when he returns [Razz] [Razz]
 
Posted by mac0623 (Member # 10529) on :
 
yes just back des had very good week will contact you vey soon,diverdan got your message will return with some ideas for you,very good weather at moment though didnt see much off it
 
Posted by mac0623 (Member # 10529) on :
 
MAL...
got your message but didnt see your villa as i was very busy in fact mal didnt get to see mine.
a lot of changes in the area and much investment
 
Posted by mac0623 (Member # 10529) on :
 
just to say happy x mass to everybody past and present and happy new year
 
Posted by Rayman (Member # 11909) on :
 
Hi everyone

I am going out to Sharm to complete the legals at El Tor on 25th Jan, for the apartments I have bought in Nabq. I am having trouble getting furniture/white goods sorted out. Prices vary wildly!

Can anyone recommend either a company or furniture and white goods stores in Sharm to go to?

Thanks for any assistance you can offer.
 
Posted by ian475 (Member # 11095) on :
 
hi rayman,if you drop me a pm i will let you have a phone number in sharm that you can try.there is a store due to open in hadaba but not untill february although i am sure if you spoke with the owner you could at least get a idea on values.
 
Posted by mac0623 (Member # 10529) on :
 
hi rayman not heard from you in long time iam just back from sharm and sorted my bedroom ,kitchen out very pleased and my other furniture will arrive soon as i was worried from what i have seen in other places let me know if you want any help,hope you had good xmass
 
Posted by Rayman (Member # 11909) on :
 
Hi Mac

Been running around Sharm trying to source a good solicitor and somewhere to get furniture and white goods from, without much success it must be said. Unless you like being ripped off! Which I don't.

Not long been back myself. Going again in Jan. Be good to meet up sometime and buy you a drink.

Stay well.
 
Posted by Rayman (Member # 11909) on :
 
ps Your PM box is full - always welcome your kind assistance mate, unlike some. Any advice always gratefully received. Xmas was good, hope yours was too.
 
Posted by Penny (Member # 1925) on :
 
Rayman it's well worth taking a trip to Cairo. You can go to one of the hypermarkets like Carefour, you won't get ripped off and you can buy all your white goods with proper Guarantees. They have some very good Korean products with 7 year guarantees. Its very easy to arrange for deliveries to be made to Sharm it really does not cost much. Likewise for furniture there are some very reasonably priced furniture shops in places like City Stars that have modern european style furniture, alot of it is Chinease imports and good quality.
 
Posted by ian475 (Member # 11095) on :
 
i considered going to cairo for mine but the logistics swayed my decision to buy locally.i wouldnt expect everything purchased in cairo to reach its destination and anything that didnt go missing would likely be damaged,then there is the timescales of delivery to negotiate so in the end i personaly took the easy option and decided to buy locally at a price that is no doubt dearer than cairo prices,but is a lot simpler to organise.
 
Posted by mac0623 (Member # 10529) on :
 
just emptyed my in box
,hi penny i see you will be in sharm in january do you know what date yet ,iam just trying to sort a date out now but will be there a few times in january.
will you be stopping in your apartment or hotel
 
Posted by Penny (Member # 1925) on :
 
quote:
Originally posted by mac0623:
just emptyed my in box
,hi penny i see you will be in sharm in january do you know what date yet ,iam just trying to sort a date out now but will be there a few times in january.
will you be stopping in your apartment or hotel

Haven't got a date yet, still got too much work but will let you know when I sort myself out.
 
Posted by Rayman (Member # 11909) on :
 
The logistics of managing things and finding your way around Cairo does put me off a bit, just as it did with Ian. Whilst I expect to pay a small premium by taking "the easy option" by sourcing in Sharm, I don't feel comfortable with the prices I am being quoted, particularly when I can do it for half that amount if I was in the UK! Furnishing an 88sq/m 2 bed apartment with good furnishings and white goods should not be costing £10k! And that is the "cheapest" quote I have had, others are considerably more.

Sooner or later someone will see the enormous opportunity this represents in Sharm and set up a furnishing business locally. I have been told it is possible to purchase white goods locally, but nobody seems to know precisely where.
 
Posted by mac0623 (Member # 10529) on :
 
let me know a list of what you want and i will come back to you with a price rayman the price of 10k is crazy i got some good contacts for most things hopefully i will be there on the dates your there so will show you my kitchen bed room furniture,
 
Posted by Rayman (Member # 11909) on :
 
Hi Mac

Thanks for the offer, will PM you a list seperately. Will be interesting to see what your contacts can do. Thanks
 
Posted by Penny (Member # 1925) on :
 
Good quality white goods cost about the same as the UK but I mean good quality and that is going to be your problem in Sharm you will pay higher prices for poor quality and then end up having to buy again in a few years time. I know so many people that have bought water heaters that have packed up after 1 year.

£10K to furnish a small flat is just crazy.

I am working to a budget of £5k to furnish a 130sq meter 3 bed flat and that includes built in wardrobes and kitchen cupboards, white goods etc.

I like the business idea maybe I should become a personal shopper huuuuuuuuuum.

Will let Mac know when I am back and if my plans include a trip to Cairo I might be able to help out.
 
Posted by ian475 (Member # 11095) on :
 
£10k !!!!!!!!!!! does that include a/c and the jaccuzi with 22k gold taps!!! that figure has shocked me.nobody in there right mind would shell out £10k to furnish a 88 sq m appartment surely?
 
Posted by Rayman (Member # 11909) on :
 
Penny - I'm liking the personal shopper idea - a lot!!! LOL. Guess thats why they add 10% to the prices they quote you as "commission" huh? True about water heaters, saw several people with replacements or old ones being binned although uncertain of age.

Ian - Just the aircon mate, think its solid gold though!! Now I guess you know why I'm trying to find anyone else who can help 'cos I most certainly do not intend to pay that sort of money at all, as long as I'm in my right mind of course. LOL
 
Posted by mac0623 (Member # 10529) on :
 
my friends are in cario all the time so will just add it to my list as iam furnihing a few apartments at the moment,
its best to get american air con as will last, but check out put against sqr mtr of room
i belive now thier is a few people starting the furniture trade which is a good thing for sharm,choice and price,
 
Posted by Desperate Housewife (Member # 11445) on :
 
I'm sorry but Chrissie is correct and it appears that you are ill informed Mac0623. We own property in Katemeya Heights and El Gouna, and both were purchase during development.

It is true that you can not register property in Egypt until the entire development is complete. And property can only be registered in the governate where it is located.

Therefore if it takes 3 years for your project to be complete even if your villa is complete and ready for occupancy, you cannot register it for 3 years. That's the bottom line.

Also it's true that property in Sharm (or anywhere is Sinai) is only leasehold since 2003. Until now the Egyptian government has yet to set the time limit of the leashold, so I don't know where this 99 years is coming from, it's certainly not a law.

Last but not least, once you register your property as a foreigner, you also have to get permission from state security, so needless to say you could wait 3 years to register and then they could say, sorry your property contract is void due to security concerns. NO KIDDING!!!

Do your research, if you've already purchased good luck, if not I advise a compound nearly or completely finished in Hurghada/El Gouna where it is Freehold.

Most of the agents and lawyers in the redsea will not tell you this, and I'm sure I just made many angry by posting this information.
 
Posted by Desperate Housewife (Member # 11445) on :
 
quote:
Originally posted by mac0623:
your agent is right in one respect but whay price do you put on peace of mind.time frame 3 mths ,cost about 4000-5000le,you will buy by the contact mal and recieve the deed but for the cost of a few hundred pounds the process you dont have to be in the country just sign the power to your lawyer and when your back in the country your contract would have gone through the courts and each paper signed by the sitting judges and you will recieve the blue paper now this will be in arbic but it will say your the owner and approved the contract,so god forbid in time too come if anyone comes back to you or the previous owner says he has the right to buid on top of what you have brought or move his grandmother in with you,and the end of the day you could just buy with the contract but a lot of brits want the piece of mind,in the middle east mal everthing is done within the contract so its up to you and how you feel about it

I'm sorry but this is not correct information. You just paid a lot of bribes to have your contract validated, but not registered. When your property is registered it is put in about 8 different deed books and stamped and must be signed by you personally, no power of attorney is allowed. We went thru this procedure twice.
You and the seller appear in front of a Registrar called a Mashrua, if you didn't do this, then you don't have a properly registered ownership, just some false sense of security.

The registration is 3% of the sales prices, If your property was 1,000,000 LE, then the "proper" registration fees are 30,000 LE. There is also a 5000Le maqbul fee, which is a Land Survey. Most of the lawyers are too ignorant to properly inform people and in the end you are the one out of thousands of Euros with no proof of ownership, as a foreigner, this is too risky. Laws in Egypt change too often. You have to have the entire sales contract in Arabic for it to be valid, they do not register contract in English or any other language.

In fact for any foreigner, make sure any contract you sign is in Arabic, it will not be valid in any court in Egypt if it is not, I don't care what any agent tells you, they can give you a translation, but the signed valid contract needs to be in Arabic, make sure you take the seller's National I.D card number on the contract, if the seller is foreigner, then take their passport on the contract, this is very important, people can go to jail in Egypt for not honoring registered contracts.

For Chrissy,
the reason the guy is telling you registration is not necessary is because over 90% of property in Egypt is not registered.It's true the government didn't make it a required law to register your property, but most people like us do it, just to protect ourselves because we are foreigners, Egyptians may be able to get away with this, but to much of a risk we didn't want to take.

Back to Mac, have a translator tell you if a registration number was added to your contract, this confirms true registration, and you can go to the Mashrua with this number to verify if your contract is recorded with the Deed of Records, if not, then someone screwed you over. Judges can only validate the contract, but only the Mashrua can register the property.
 
Posted by Penny (Member # 1925) on :
 
Can I ask where this Mashrua was and where is this register of properties held. Most people, lawyers included say there is no register for properties in Sinai and hence why you go through the court process to validate the contact. The lawyer is given a power of atourney to be able to make your case in the court at El Tour for you so hence a judge does validate the contract.

Out of interest did you get your advice from a Sinai based lawyer or from elsewhere becasue I am starting to have serious doubts about any Sinai based lawyers.
 
Posted by mac0623 (Member # 10529) on :
 
Back to Mac, have a translator tell you if a registration number was added to your contract, this confirms true registration, and you can go to the Mashrua with this number to verify if your contract is recorded with the Deed of Records, if not, then someone screwed you over. Judges can only validate the contract, but only the Mashrua can register the property.

ALL MY CONTRACTS ARE IN ARBIC AND SINGED I DONT NEED ANYONE TO TRANSLATE AND NOT GOING DOWN THE ROAD OF ENDLESS POSTS, BEEN IN THE MIDDLE EAST A LONG TIME ,AND YOU THING IVE BEEN SCREWED OVER, YOUR APPROACH TO THIS MATTER SEEMS STRANGE AS FOR COMING ON SAYING CRISSY IS RIGHT IAM WRONG ,AND NOW YOUR BULLING UP SOMEONE WHO COMES ON PROMOTING SOME ONES SERVICES GIVING OUT NUMBERS,
I CAN ONLY SAY WHAT I KNOW SO WHEATER YOU AGREE OR NOT ,IS NOT THE END OF THE WORLD SO I WILL NOT BE DIVERTED IN TO A SLAGING MATCH WITH YOU,
 
Posted by mac0623 (Member # 10529) on :
 
Back to Mac, have a translator tell you if a registration number was added to your contract, this confirms true registration, and you can go to the Mashrua with this number to verify if your contract is recorded with the Deed of Records, if not, then someone screwed you over. Judges can only validate the contract, but only the Mashrua can register the property.

ALL MY CONTRACTS ARE IN ARBIC AND SINGED I DONT NEED ANYONE TO TRANSLATE,DO YOU THINK I GO BUYING PROPERTY WITH MY EYES CLOSED, AND STARTING BUSINESS UP WITH OUT ANY THOUGHT WHATS SO EVER, AND NOT GOING DOWN THE ROAD OF ENDLESS POSTS, BEEN IN THE MIDDLE EAST A LONG TIME ,AND YOU THING IVE BEEN SCREWED OVER, YOUR APPROACH TO THIS MATTER SEEMS STRANGE AS FOR COMING ON SAYING CRISSY IS RIGHT IAM WRONG ,AND NOW YOUR BULLING UP SOMEONE WHO COMES ON PROMOTING SOME ONES SERVICES GIVING OUT NUMBERS,
I CAN ONLY SAY WHAT I KNOW SO WHEATER YOU AGREE OR NOT ,IS NOT THE END OF THE WORLD SO I WILL NOT BE DIVERTED IN TO A SLAGING MATCH WITH YOU, AND AS FOR CRISSY WHO YOU PROMOTE SHE IS ON THE OTHER SITES BUT UNDER DIFFERENT NAME SAYING THE SAME THING AS YOU ,NOW THATS STRANGE [Eek!] [Eek!] [Eek!]
 
Posted by Desperate Housewife (Member # 11445) on :
 
quote:
Originally posted by Penny:
Can I ask where this Mashrua was and where is this register of properties held. Most people, lawyers included say there is no register for properties in Sinai and hence why you go through the court process to validate the contact. The lawyer is given a power of atourney to be able to make your case in the court at El Tour for you so hence a judge does validate the contract.

Out of interest did you get your advice from a Sinai based lawyer or from elsewhere becasue I am starting to have serious doubts about any Sinai based lawyers.

That's correct, your contract was validated by a judge which is what I said above, but the property was not registered. We were informed by my husband's company's attorney (which was provided for us) not a Sinai attorney.

This is why we didn't buy in Sharm, and chose El Gouna, it's registered in Hurghada City Council has a Mashrua (Register of Deeds). We were told that there is no registration of Sharm properties because you can only register FREEHOLD and not LEASEHOLD This is way a survey is required with the registration, it will tell you where your land parameters are. I have in my notes here 3 laws that deal with foreign ownership of real estate, they are Law 230/1996,Law 143/1981. and Law 15/1963, and these are the only laws the Egyptian government that deal specifically with foreign ownership, they do not apply to leasholds.

You can ask any competent attorney (outside of Sinai) and they will inform you that as of yet the parliament has not ruled on how long the leasehold will be, Therefore no foreign owned properties in Sinai can be registered, which is why I said Chrissy is correct.

Your validated contract means you still own your property, you just don't own the land under it. And it will stand up in any Egyptian court, you even have the rights to transfer it, etc.
 
Posted by Desperate Housewife (Member # 11445) on :
 
quote:
Originally posted by mac0623:
Back to Mac, have a translator tell you if a registration number was added to your contract, this confirms true registration, and you can go to the Mashrua with this number to verify if your contract is recorded with the Deed of Records, if not, then someone screwed you over. Judges can only validate the contract, but only the Mashrua can register the property.

ALL MY CONTRACTS ARE IN ARBIC AND SINGED I DONT NEED ANYONE TO TRANSLATE,DO YOU THINK I GO BUYING PROPERTY WITH MY EYES CLOSED, AND STARTING BUSINESS UP WITH OUT ANY THOUGHT WHATS SO EVER, AND NOT GOING DOWN THE ROAD OF ENDLESS POSTS, BEEN IN THE MIDDLE EAST A LONG TIME ,AND YOU THING IVE BEEN SCREWED OVER, YOUR APPROACH TO THIS MATTER SEEMS STRANGE AS FOR COMING ON SAYING CRISSY IS RIGHT IAM WRONG ,AND NOW YOUR BULLING UP SOMEONE WHO COMES ON PROMOTING SOME ONES SERVICES GIVING OUT NUMBERS,
I CAN ONLY SAY WHAT I KNOW SO WHEATER YOU AGREE OR NOT ,IS NOT THE END OF THE WORLD SO I WILL NOT BE DIVERTED IN TO A SLAGING MATCH WITH YOU, AND AS FOR CRISSY WHO YOU PROMOTE SHE IS ON THE OTHER SITES BUT UNDER DIFFERENT NAME SAYING THE SAME THING AS YOU ,NOW THATS STRANGE [Eek!] [Eek!] [Eek!]

I don't have the patience to stroke your delicate ego, so for all intents and purposes, let's say the above response to you was more for the benefit of others reading this, than yours. And hopefully it will allow them to make informed intelligent decisions without a lot of smiley faces to make a point.
 
Posted by Penny (Member # 1925) on :
 
quote:
Originally posted by Desperate Housewife:
quote:
Originally posted by Penny:
Can I ask where this Mashrua was and where is this register of properties held. Most people, lawyers included say there is no register for properties in Sinai and hence why you go through the court process to validate the contact. The lawyer is given a power of atourney to be able to make your case in the court at El Tour for you so hence a judge does validate the contract.

Out of interest did you get your advice from a Sinai based lawyer or from elsewhere becasue I am starting to have serious doubts about any Sinai based lawyers.

That's correct, your contract was validated by a judge which is what I said above, but the property was not registered. We were informed by my husband's company's attorney (which was provided for us) not a Sinai attorney.

This is why we didn't buy in Sharm, and chose El Gouna, it's registered in Hurghada City Council has a Mashrua (Register of Deeds). We were told that there is no registration of Sharm properties because you can only register FREEHOLD and not LEASEHOLD This is way a survey is required with the registration, it will tell you where your land parameters are. I have in my notes here 3 laws that deal with foreign ownership of real estate, they are Law 230/1996,Law 143/1981. and Law 15/1963, and these are the only laws the Egyptian government that deal specifically with foreign ownership, they do not apply to leasholds.

You can ask any competent attorney (outside of Sinai) and they will inform you that as of yet the parliament has not ruled on how long the leasehold will be, Therefore no foreign owned properties in Sinai can be registered, which is why I said Chrissy is correct.

Your validated contract means you still own your property, you just don't own the land under it. And it will stand up in any Egyptian court, you even have the rights to transfer it, etc.

Thanks for clarifying that. It would have been helpful if you could have made it clear that you were refering to the law on the mainland. I think most of the posters on this thread have bought in Sinai and we do understand that there are different laws there. I would certainly register property purchased anywhere else in Egypt but it is just not possible in Sinai. Hopefully this is something the government will address one day but there are many political reasons why it will probably never happen.
 
Posted by mac0623 (Member # 10529) on :
 
I WAS JUST READING YOU POSTS ON OTHER MATTERS IN THE FORUM,AND AS I WAS READING I START TO GET A CLEAR PICTURE OF A PERSON WHO COPY AND PASTES WHAT PEOPLE PUT THEN JUST DROP YOUR OWN LINES AT THE BOTTOM CRITICIZING WHAT PEOPLE ARE HAVING A DEBATE ON THEN MOVE ON TO SOMEONES ELES DEBATE AND DO THE SAME THIER,AND WITH OUT MAKING ANY GENUINE CONTRIBUTION TO REALLY ANY GIVEN SUBJECT,.SO NOW WITH OUT ANY PROMPT YOU ATTACK ME WHILE BULLING CRISSY NAME,AND LETS GET ONE THING REALLY CLEAR HERE,THIS IS A SMILLEY FACE [Smile] WHICH MAKES NO POINT,BUT JUST GIVES AN EXPERSSION I USED [Eek!] WHICH STILL MAKES NO POINT BUT GIVES A CLEAR INDICATOR HOW I AM THINKING ABOUT YOUR POST AND REALLY WHAT IS YOUR AIM IN THIS MATTER,
TELL ME ARE YOU A TEACHER AS WELL
 
Posted by mac0623 (Member # 10529) on :
 
HAPPY NEW YEAR TO ALL DONT GET TO DRUNK
 
Posted by mac0623 (Member # 10529) on :
 
PENNY willl be in sharm in and around 25th jan to sort out my furnishings so if your about will be great to meet up,i will contact des to see what he is doing,as i was to meet him the other week but it wasnt to be with axmas and family.
hopeall is going ok with the apartment
 
Posted by mac0623 (Member # 10529) on :
 
penny ,des will be in sharm on the 25th of jan at the crown plaza resort for a week if your about will be glad to meet up for a coffee
 
Posted by frajack (Member # 12800) on :
 
hi there everyone we will be in sharm very shortly we will be looking at a few areas of sharm and find a huge price difference,we are looking north of sharm,also we see thier may be a problem with furniture purchase,ie,choice,price wise.
thier seems to be a lot of good info on this thread and forum,i spoke with mac and seems fair as things go ,but would like to see other people who are in this process at the moment.
also got good feed back from the people he helped
 
Posted by Rayman (Member # 11909) on :
 
Hi

I am not a regular poster on this site but am always in the background reading stuff from the experienced folks on here like Penny, Mac, Ian, Des and many others. Since I have learned a little bit over the last few months, I thought I would answer your post.

I have found tons of info on this thread and have forged friendships with people who have given unselfishly of their time to help prevent people like us falling into traps that are easily avoided. Mac has been a goldmine in that regard and has help me enormously and selflessly.

My apartment is in Nabq, north of Sharm. Its in a complex on the 2nd line behind a large mall opposite the Millenium Hotel. They are all either 1 or 2 bed apartments, 4 to a floor and 2 floors high. 1 bed is approx 45sq/m and 2 bed approx 80sq/m measured the Egyptian way, so it includes a percentage of the communal areas.

The biggest problem is overcoming the "I don't know who these people are" syndrome as you hand over thousands of ££££'s of your hard earned cash, not knowing if you'll see it or them again.

Then, its recognising whether the pricing is genuine or not - if in doubt, check on here as I did. It was apparent pretty quickly that I was headed towards Ripoffville.

If you're looking for a business opportunity, then opening a furnishings and white goods store in Sharm will no doubt nett a huge fortune for the brave - it has proven to be the single most frustrating and difficult thing to accomplish! That said, Penny was thinking of becoming a Personal Shopper!! LOL

The packages offered are just totally unrealistic and like so many that have gone before, most people will opt for the easy way out by paying the prices quoted because of the uncertainty of getting things from Cairo.This site has saved me about £3k on basic furnishings alone.

If you can find a lawyer yourself, they are usually much cheaper than the ones offered through agents and are easy to find.

I chose Nabq because it is still relatively quiet, although there is a lot of Malls being built along the last stretch of road between Millenium and the other side of the Oriental. 2 of the 7 or 8 malls being built have just been finished called EL Khan and Strada. There is a new golf course not far from here either and I believe that when its all done, you won't need to go to Naama Bay for anything anymore - at least I hope not!

Prices are variable but at the end of the day its about whether you are happy to pay the asking price on the basis of it being the right place for you, having due regard to selling prices in surrounding areas. I found that 1st line apartments that were almost as far to the beach to walk, as mine, were about £20k more just because they were on the other side of the road and only about 30metres closer to the beach than I was!

I'm not sure if I've told you anything you wanted to know or didn't already know, but I'll help if I can with what little experience I have gained.

I will be in Sharm next week along with a few other erstwhile forum members for a few beers and more furniture hunting!
 
Posted by mac0623 (Member # 10529) on :
 
thanks for that rayman,lets see what this week brings and what we can achive in a short time gap and point you in the right direction,its all about getting out there and meetig people
 
Posted by ian475 (Member # 11095) on :
 
hi rayman and thanks but i consider that i am also still learning just as you and hundreds of others,there is certainly much to take in to avoid the rip off syndrome for sure.strange how everything is not allways as it seems.are you meeting up with the person i told you about?if so i am sure you will find him accomodating to your requirements,sharmdreamz store may even be nearly ready for opening by then!!!! THEIR has been mention by mac and frajack about another store due to open called poineer which i assumed was a misspelling of pioneer?but they have both called it this,anyhow whatever its called it should create competition and even more choice for people when it opens.have a great and successfull trip.
 
Posted by mac0623 (Member # 10529) on :
 
i dont know who this ladys agent is but she must have heard the same as i did and quite afew others have asked the same question,as to PIONEERS PROPERTY furniture shop,but will be with rayman next week,i think this is what sharm has been lacking at the moment as regards to the furniture trade, .i wish i had a pound for every person that asks me where to buy furniture over the last 18 mths,
if JOHN R is reading thier was a guy that contacted me about the el hyatt so i told him about you,did you get your furniture out with your 3 apartments?.
as for anyone copying my grammer i dont advise this as pointed out many times before.
.
had to laugh though my wife was at grammer school and we was arguing over how a certain word was spelt as many people on here spell it the same way and and i pointed out it was wrong, so out came the dictionary, and hey! i was right,
the word was RECOGNIZE AND RECOGNIZING many people spell this with a
"S" and not a, Z
 
Posted by mac0623 (Member # 10529) on :
 
RAYMAN GOT YOUR E MAIL photos was very good of bathrooms,and kitchens will be able to use a few ideas of them, tried your e mail but just kept comming back to me i hope you dont mind i sent them on to my partner and told him you will be there we me in the week in same hotel,
 
Posted by Rayman (Member # 11909) on :
 
No problem at all Mac, least I can do in exchange for all your help. If I have room, I'll bring my laptop and give you a quick demo. It doesn't take all that long if you have an idea of what you want. Not sure about prob on e-mail though, am receiving ok. Will send you another bathroom sample later on.
 
Posted by mac0623 (Member # 10529) on :
 
thanks i got it now just sent the others over to sharm now ,e mail ok now, will you have room with the cooker in your case,lol
 
Posted by mac0623 (Member # 10529) on :
 
hi rayman just been told my kitchen will be fitted tomorrow and now my furniture is there from cario so will give you an idea when you see it
 
Posted by Rayman (Member # 11909) on :
 
Excellent news, thats one worry out the way! And its ahead of time too eh?

Listen that hob is proving to be a problem, arrived with no styrene packaging or anything! Have managed to get it in the case but could be carrying a dirty great big empty suitcase on the way back cos all weight is taken up by bubble wrap and protective packaging.

Still, better than being ripped off - provided I don't crack it on the way! LOL
 
Posted by mac0623 (Member # 10529) on :
 
god help you,make sure nothing pressing on glass may be a thin sheet on ply wood over the glass face, there is another couple of people trying to get out this weeekend
 
Posted by Rayman (Member # 11909) on :
 
its got more bubblewrap and foam and towels on it than I thought possible - whats the worse that could happen? The other half breaking me in half for breaking her pride and joy in half...... [Razz]

Sounds like we could be having a party...........
 
Posted by mac0623 (Member # 10529) on :
 
i like that, but its pressure at only one point that will break it,just having a quick G,N,T trying to sort out things and meetings but just looking forward to chilling out, as i will be back out in feb and march
 
Posted by Penny (Member # 1925) on :
 
That reminds me when I took a 20" flat screen TV out as hand luggage. It was the exact size of the allowable baggage at that time but much heavier. I was so stress out they would take it off me but they didn't query it at check in, didn't weigh it, and no query through the cameras at security!. Only problem now is of course I can't get it back again!

Rayman hate to worry you but I have seen them drop bags the full height from the plane at Sharm LOL
 
Posted by Rayman (Member # 11909) on :
 
Ouch! Thanks Penny, just what I needed, some positive encouragement! LOL. I did think about checking it in seperately but to be honest I think it will probably get more damaged just in some wrapping. I will ask the check in staff to put fragile stickers all over the case but I don't expect that it will make much difference. It is going inside a Samsonite case so I hope its gonna be ok...........might not have any nails left when I get there though, my luck it'll be ok but I'll drop it at the other end! [Big Grin]
 
Posted by Rayman (Member # 11909) on :
 
Mac,

Suspect I'll be back out at the end of Feb, around the 23rd somewhere as I have a return leg on BA for 28th. Just have to find a way out there now........oh and don't ask about BA return leg as its a veeeeeeeery long story which I might share at the weekend over a beer. [Roll Eyes]
 
Posted by mac0623 (Member # 10529) on :
 
i think i remember that one where you didnt see the date change on the booking screen amd booked for a month anstead of three days.
PENNY I WILL BUY THAT FLAT SCREEN IF YOU WANT, WHAT SORT IS IT,
hey rayman thats not a bad idea putting fragile on it now all you got to do is to teach the egyptian bag throwers how to read english lol
 
Posted by dimka (Member # 12837) on :
 
anyone heard of this outfit? Are those the right prices for S Bride? What does this company get from the purchases?

And no - just cos' I'm new I'm not flogging anything or touting someone else's business.

http://www.themovechannel.com/property/beach/egypt
 
Posted by mac0623 (Member # 10529) on :
 
not heard or these at all, hi rayman how you doing was good to see you and another guy came out and some more this monday, finaly got my apartment nearly sorted for when i get back and just brought 6 more in montazh, the weather drop a bit when you left and was chilly at night.
 
Posted by mac0623 (Member # 10529) on :
 
penny if your reading this sorry for not calling the time went no where as was very busy but will be back soon so will meet up with you ,
.
THIS IS A MEESAGE FOR THE GUY WHO CONTACTED ME ABOUT THE EL HYATT IN NABQ.
THERE IS A GUY CALLED JOHN ON HERE WHO HAS BROUGHT IN THIER AND IS OUT THIS WEEK TO SORT HIS FURNITURE OUT SO GIVE HIM A CALL FOR HIS ADVICE ON THE SITE, JOHN DROVE BY THE PLACE THE OTHER DAY IT LOOKS VERY NICE AND WILL CALL YOU LATER TODAY.
 
Posted by mac0623 (Member # 10529) on :
 
rayman thinking about going back out for a few weeks but with out the gang had my mirrors fitted and my other sofa came on the day i left so now my apartment is finaly ready to move in got a good price of flight from 19th ffeb till 5th march
 
Posted by goodworth (Member # 12338) on :
 
Hello Dimka
We bough at the S Bride 2 flats
68 m2 middle floor I paid 21318 K each x 2 after a discount of 15% for cash in advance payment I did calculate that the m2 is for 313 pounds a great value for money with a great sea view.
How about you?
 
Posted by goodworth (Member # 12338) on :
 
61 m2 not 68 m2
 
Posted by dimka (Member # 12837) on :
 
Hi goodworth,

Did you go through whoever runs this site or advertises on it? I'm thinking of sharm bride and this price seems fair enough. Anyway, I'll PM you about it.
 
Posted by dimka (Member # 12837) on :
 
goodworth i can't send you a PM for some reason?
 
Posted by mac0623 (Member # 10529) on :
 
hi goodworth i see you are going to sell a property in turkey i have a friend in sharm at the moment who is an agent for turkey real easte thats where he focuses on at the moment as he is in sharm to see if he can expand into sharm property market but his main market is turkey he looks at this forum but does not talk much on it if you want his contact details pm me
 
Posted by Rayman (Member # 11909) on :
 
Hey Mac, that sounds good mate. Your extra sofa must of had wings to arrive that quickly!! Pretty good service from Sharm Dreamz eh? You definitely going out in Feb? Am thinking of heading out on 24th for 5 days. You going with Thomson again ex EMA?
 
Posted by mac0623 (Member # 10529) on :
 
yes will go about 19th feb till 5th march i gave the paint sofa to mike lol after you letf i had the mirrors installed from the guy i told you about and mike had his kitchen from him and bedroom package i think he charged him less then me ,work that out, so over all i was very pleased with the workmanship from him and the speed he installed he came 10pm at night so now i will stop in my apartment from now.
shame you didnt get to see my new project in montazah its very nice with pool going around the balconies on the ground floor.
when will you return to sharm for a week or few days, i got a car after you left which i should have got one from the start
 
Posted by Rayman (Member # 11909) on :
 
Well if he does mine as well he would be doing it even cheaper and at that rate, someone gets theirs for free! lol. Probably going out on 24th Feb or thereabouts. Flights are a pain at the moment. Will look at the new project then.
 
Posted by goodworth (Member # 12338) on :
 
Hi Dimka
Sorry I do not know why?
I met them at the home buyer show in London a few months ago you can check their web site through google sharm el sheikh real estate and they are the exclusive sales agent for that resort,I felt comfortable dealing with them.
I did a big search before departing my money to Sharm Bride and they got the best value for money,I got my contracts and all went through smooth.The agent monthly send us updated photos for the building progress
 
Posted by goodworth (Member # 12338) on :
 
Hi mac
thank you for the offer, we have an offer,if the deal does not go through I will contact you for his contact details.
 
Posted by dimka (Member # 12837) on :
 
That sounds great value. I'm thinking of 2 but on separate sites and at different stages of development. What about furniture and which lawyer did you use?
 
Posted by dimka (Member # 12837) on :
 
sorry - the above post is for goodworth.

as is this one...

hi goodworth the discount is only for paying cash in advance payment or did they throw sthg in for buying 2? What stage did you buy at and what stage ar they at now (I mean your purchase)?

I'm also looking at the Sierra Resort but it's not due for completion until april 08.
 
Posted by goodworth (Member # 12338) on :
 
Hi Dimka
15% is for paying cash in advance only
If you buy a whole building they will through in 5%,any way for the amount I paid it is already a great value
I paid them the full amount and got my contracts signed by the developer.
The furniture is an option, no price yet.

Our agent informed us that the first hand over at Sierra will be due in July 2007 and the last will be March 2008 at Sierra check with them which phase is due for hand over first they might have some apartments available for sale

Our deal went through in Turkey and we are thinking about buying at Sierra for investment
 
Posted by mac0623 (Member # 10529) on :
 
rayman and des did you get the photos i sent you,what you think?
 
Posted by Rayman (Member # 11909) on :
 
yep just seen them, it looks really nice mate. how big are the apartments?
 
Posted by mac0623 (Member # 10529) on :
 
about 110 sqr mtr, just been trying to send you e mail but came back twiice now as failed,
flights from east mids 19th feb 2 weeks £200 not bad really
 
Posted by Rayman (Member # 11909) on :
 
just trying to sort out a flight for the 24th or thereabouts and I'll be there then till the 28th. got the e-mail with pics ok, so not sure why you can't send another at the moment.
 
Posted by mac0623 (Member # 10529) on :
 
still trying but not allow saying postmaster failed something like that,single from easr mis is £108 plus duties
 
Posted by mac0623 (Member # 10529) on :
 
just sent it now rayman
hi andy got your message all is well with apartment in nabqa he said he will forward photos to you work is going well, sorry i didnt make there as was too busy with things could have done with a few more weeks there so back out soon i hope,tamer is very busy at moment with everthing and i sent him a few people out to make him more busy with things
 
Posted by Rayman (Member # 11909) on :
 
yeah i got it Mac, thanks. The £108 ex EMA - what date was that for?, 19th?
 
Posted by mac0623 (Member # 10529) on :
 
yes £108 plus duties for the 19th feb,now its just took 40 mins for my lap top to start [Eek!] [Eek!] [Eek!]
 
Posted by tamer & hamis (Member # 12916) on :
 
Hi everybody
let me introduce myself iam tamer who you are talking about warm greeting to Andy & Mac0623 & Rayman and Ian475 i hope all of you accept me at the forums as member like you all accept me at the life as friend so, i know all of you have a lot questions as always but now will be in the forums in in txt or mail
 
Posted by ian475 (Member # 11095) on :
 
welcome tamer and hamis,nice to hear from you,hope you become a regular visitor.
 
Posted by mac0623 (Member # 10529) on :
 
hi tamer, hamis all the snow has gone now thanks for the call hope all went well with the meeting he left his phone on the boat his girlfriend called me i think you was both in the same place at the same time but he didnt have his phone with him, after you left he went around asking people thier names
 
Posted by tamer & hamis (Member # 12916) on :
 
hello Ian475
hay mac0623 i meet him tonight so,thank you for you help
 
Posted by ian475 (Member # 11095) on :
 
hi tamer&hamis,thanks for sending me the update photos,realy appreciate them,its looking good.
 
Posted by mac0623 (Member # 10529) on :
 
tamer ,andys pc broke and he has lost all info and names can you e mail him and with photos
 
Posted by ian475 (Member # 11095) on :
 
hia andy,hope you are well mate.tamer tells me he sent you the photos yesterday but he will send them again.perhaps if you are having pc problems and dont receive them i can arrange for the hard copys to be brought back at the end of the month and then post them to you.i have a few updated photos of the complex if they are of any use to you,just pm me if so.
 
Posted by mac0623 (Member # 10529) on :
 
rayman did u sort flight out as of yet, thier is few other people of here will be thier also on flight from east mids flight. ,so i will be thier for a couple of weeks just to sort a few things out
 
Posted by Rayman (Member # 11909) on :
 
Can get one out on 25th but that only gives me 2 and a half days in Sharm which I don't think is enough. Alternative is to go on the Thursday but didn't want to be there a week! No happy medium. Will just have to pay the extra for the BA flight on the Saturday instead. Theres always availability so no problem there. Will book it next week on Wednesday when I'm back from a business trip.
 
Posted by andyscoff (Member # 12280) on :
 
Thanks folks. Back on line. Welcome Tamer. Can tell you writing that. Yaani yaani yaani!!! HA
Got photo's cheers.
Looking good pal.
Thanks for that ian but o.k now.
You lot keep enjoying sun in sharm i'll kp blighty going. lol
 
Posted by ian475 (Member # 11095) on :
 
no problem mate,glad youre back and not holding the loss of your accumulator against me!!
 
Posted by mac0623 (Member # 10529) on :
 
tamer mike is asking for the photos as aagreed on the venture as he will move to set up this week i will send you full drtails in a mail
 
Posted by hazagig (Member # 12930) on :
 
well i took me several hours to go through all the posts and threads relating to this topic and very informative indeed,i see thier is another person on here has brough in old sharm area,hadaba so thats good i think her name is kate looking forward too talking to everyone and this freehold/lease hold is mind blowing
 
Posted by mac0623 (Member # 10529) on :
 
the ladys name is mal she brought a whole villa i think at the back of mine near club marine road and is having work done she was very happy with her purchase and then brought one villa in nabq not seen her on the forum for long time now about up to her neck in dust
 
Posted by mac0623 (Member # 10529) on :
 

 
Posted by hazagig (Member # 12930) on :
 
as iam new to this forum i have spent a lot of time reading and some most informative,some funny i might add, i notice IAN 457 want to start a thread up leading away from this but my personal thought is for new members such as my self will miss the past input from such members past and present i think this site is very good from those i have visted in the last week as to furniture purchase, property related isuse ie, contracts and such as, even just reading the threads on here has help me greatly and its so nice to see so many people together in one place giving and receiving thier personal thoughts and sharing them with each other,i my self will be in sharm soon to follow up on my recent purchase and is very keen to learn more about the pit falls of furniture prices and where and where not to go
 
Posted by hazagig (Member # 12930) on :
 
hello ian sorry if i upset you as to the new thead i was just giving my thoughts as thier seems to be so many threads that started in the past and all the inportant and valued input go a miss
 
Posted by ian475 (Member # 11095) on :
 
hi hazagig,no worries mate.i dont think this topic dissapears just because another topic is opened so the information you are choosing to study will still be there in posterity.i actualy read your earlier post and it was that posting that prompted me to open a new topic as you had quite rightly pointed out that it had taken you hours to read though it so i thought for the benefit of new users like yourself to attempt to split the discussion into two seperate topics,i thought you would be appreciative of this as i see you have a 150 sq m appartment allready and that you are at the furnishing stage and seeking out quite rightly as much information as possible on the subject of furnishings rather than the purchasing of appartments as are many other users.anyhow if others find my topic not to be usefull then it will itself dissapear down the list never to be seen again.
 
Posted by hazagig (Member # 12930) on :
 
quite true ian but like me iam i came to the site and seen everthing in one hit i go on another site and its all over the place as to topics and very narrow on input its goredsea.com.where as on here its in one scroll who knows,where have you brought ian
 
Posted by ian475 (Member # 11095) on :
 
" i go on another site and its all over the place as to topics and very narrow on input its goredsea.com."
dont be hard on yourself hazagig,i am sure you will get the hang of it eventualy.
 
Posted by mac0623 (Member # 10529) on :
 
hazgig where in hadaba u brought iam out this weekend all being well. if u want i can let you have my local contacts details thier is a few people on here that he has helpin one way or another as to furniture at a greatly reduced cost from some of the quotes they have recieved from of their agents but its best to see what they have to offer in the way of price and choice, i noticed ur out soon as well.let me know we can meet for a coffee and chat.

PENNY SORRY TO HERE UR SELLING UP I WILL CALL U WHEN I ARRIVE AND I HOPE UR NOT GONE BACK TO ALEX I WIL KEEP UR APARTMENT IN MIND WHEN PEOPLE ASK ME.
 
Posted by hazagig (Member # 12930) on :
 
my gosh two days ago i was thinking what the hell am i going to do about furnishings i guess its the old buses saying.
iam told thier is many shops in sharm and here is me thinking thier is none.
does any one know of a good car rental that i could use as also i dont see any major car rental companies in sharm
 
Posted by mac0623 (Member # 10529) on :
 
once again i here a bad storie of an agent tryng to get a honest member of the public to part with thier cash, telling them they know of a great buy taking him to a buiding where the agent knows full well the developer is out of money and thier is no chance of the building being completed then offering him an apartment at a stupid price then gets a friend of thiers to come at the last min and say this has just been sold and all apartments are going fast, and then says if you pay 20k more we can get you the top floor and throw in the garden.
when the truth of the matter no apartments had been sold in the building the developer was out of money and there was no chance of the building being completed,
so for the matter of the agents commission , the developer left town with no checks from the agents that thier was loans against the building, the question must be asked WHERE WOULD THAT LEFTED THE BUYER one can only begin to think of the nightmare that would have ensued him.
i think its its a matter of time and i hope iam not wrong before these agents are left by the side and the main agents give a level of service that is needed in sharm and promote this,
while thier is still cowboy outfits out thier thinking it must be a joke to tell lies just to get as sale, and to drive about with there new found wealth on the back of peoples hard earned cash.
i urge all new buyers find a good agent do your checks ask your agents for saftey checks against developers, ie,loans ect,ask as many questions untill you feel sure about your purchase and expect nothing less then a good level of service
 
Posted by hazagig (Member # 12930) on :
 
that is so awfull i myself went a round a couple of agent to get the feel of the area and i must say not many came up to scratch there was only one agent i felt at ease with and i must say in all that i visted in sharm that is so awfull its about time there was a law passed or some body of control
 
Posted by goodworth (Member # 12338) on :
 
Hi Mac
I agree with you 100% we should all make a good research before we depart our money, I was lucky with my property and my agent he is very direct and honest. Kindly inform us who was the agent and which developer who did that show, I hope your friend did not fall for the trick.
I suggest to visit well known established agents who do have an office with good reputation and known developments. I contacted an agent through his web site and after we met in Sharm, we found out that he is working from an internet cafe!
 
Posted by mac0623 (Member # 10529) on :
 
goodworth it will be a matter of time as the agent is reading this and i totally agree with you in what you say, but it will be only time that will leave the good agents .
and i will be the first to give praise where it is due
 
Posted by hazagig (Member # 12930) on :
 
hi goodworth,mac all.
i have read your post mac on the other forum i dont belive what this person is telling you and why do they keep talking like that he is saying your a agent for some company or something they dont seemed worried about thier apartment do they i little worring to say the least iam sure
 
Posted by mac0623 (Member # 10529) on :
 
well that was something guys with both the same name
 
Posted by dimka (Member # 12837) on :
 
Good call from Goodworth on 'naming and shaming'.

Mac -

Any chance of a posting which demands all with the relevant experience out their cards on the table: who are the bad agents and who are the good? Then everyone can come in with their own experiences of these agents. Eventually, the debate about who's good and who's not will become clearer and the weight of the argument should be swayed by the sheer volume of bad news about 'x' and tips to use 'y' (assuming the posters aren't the agents themselves).

As it is, newbies and those contemplating buying in sharm are left completely in the dark, with vague hints as to who are the rip-off merchants and who are more honest and ondering if their agent falls in the shite camp. Not a great place to be.
 
Posted by Rayman (Member # 11909) on :
 
As far as I understand things, naming and shaming is not the best way to alert people unfortunately. Most forum site owners are responsible for the content which appears on their website and so if pursued by someone who is unhappy about being named and shamed, they would be liable in a court of law, as would the original poster.

It is bizarre that the law allows you to post the "good guysd" but not the bad, isn't it?

The best way is to name the bad dudes via a PM to people who enquire. That protects the site owners from any potential lawsuit.

ps Dimka, your English is excellent, where did you learn? Whereabouts in Russia are you? Unfortunately I don't speak Russian, only a little Dutch and Catalan. When are you next in Sharm? I'm always looking to set up "beer appointments"!
 
Posted by Bob Latif (Member # 12934) on :
 
Re naming and shaming - Understand the point about shaming and the possible legal repercussions for the forum, how about you all just tell the forum when you are delighted with an agent's service? I am sure no one would complain about that. I deal through Saj at City and Urban/Sharm Real Estate and so far have been very happy with the service I have recieved. Bob
 
Posted by mac0623 (Member # 10529) on :
 
i have no problem in naming anyone, lets face if your an up standing agent with good level of service then you got no worries.
if you read back over the last 2 years of threads we would all be in jail.
so sod them, if you set out to con people and mislead them then you need naming and shaming,

i know saj yes your correct he is a very nice guy to deal with and pleasant
 
Posted by Des (Member # 9479) on :
 
Hi Mac,

Been talkimg to Sajjad at City & Urban - sends his best wishes and rgards to you. [Smile] [Smile]

Des
 
Posted by mac0623 (Member # 10529) on :
 
i belive he is in the hilton this week, iwill be thier as well not in the hilton though.
as i got a busy couple of weeks
 
Posted by mac0623 (Member # 10529) on :
 
WILL BE IN SHARM THIS WEEKEND FOR COUPLE OF WEEKS
 
Posted by mac0623 (Member # 10529) on :
 
R/MAN you got that flight yet
 
Posted by goodworth (Member # 12338) on :
 
Hi Dimka
I bought through Sharm El Sheikh Real Estate with Tarek, they are very professional and answered all my inquiries even after I got my contract.I received today by Email that the Sharm Bride prices will increase by 10% on 25 March, We are pleased with our investement.
 
Posted by mac0623 (Member # 10529) on :
 
[Eek!] [Eek!] [Eek!]
 
Posted by mac0623 (Member # 10529) on :
 
rayman hope all is going ok with you, , just back good positive two weeks, all though very hard work, let us know when your back as i will leave soon again as the new projects are moving very fast,
JOHN,, sorry i missed your calls i met your friend very nice person and polite will catch up with you later
 
Posted by Rayman (Member # 11909) on :
 
Hi Mac, glad it all went well.

Back out on 7th April for 10 days. Should have remaining furniture and kitchen equipment/accessories in place so will use apartment. Woohoooo, at last, been a struggle at times but there now.

Will catch up with you soon.
 
Posted by mac0623 (Member # 10529) on :
 
rayman i visted some other apartments up thier and your not on your own as regards to finishing, and after i seen this i was very happy with my workers and the minor problems i faced
 
Posted by andy cullers (Member # 7853) on :
 
Hi
Does anyone have any info on the Millennium Oyoun
Nabaq (was the Hilton).
 
Posted by Rayman (Member # 11909) on :
 
Hi Andy

What do you want to know? Its opposite my apartment so may be able to help if you can be more specific.
 
Posted by mac0623 (Member # 10529) on :
 
hi andy not heard from you in long time when i drove by last week it looked nice but couldnt tell you anymore than that, i thought you went over sometime ago to take photos
 
Posted by andy cullers (Member # 7853) on :
 
Yep I was last over there in October and at that time they were saying that they would open the hotel at Christmas, but there have been further delays. The appartments are promised for July but I won't hold my breath.
The main problem is the total lack of comunication from the developer. Its very frustrating.
 
Posted by mac0623 (Member # 10529) on :
 
i dont think your on your own andy thier is very few developers that will deliver on time and if they do it will be in a mess and a building site out side, try go direct to the developer andy and ask him as the agent will tell you what you want to hear
 
Posted by andy cullers (Member # 7853) on :
 
Mac.
Without having to read all 10 pages can you give me a quick update re solicitors and also availability of furnitute etc in Sharm.
 
Posted by mac0623 (Member # 10529) on :
 
hi andy i will get a good lawyer for you and also you can use my guy for the furniture or anything you will need when will you be back over,,cheers
 
Posted by mac0623 (Member # 10529) on :
 
hi andy i will get a good lawyer for you and also you can use my guy for the furniture or anything you will need when will you be back over,,cheers
 
Posted by dimka (Member # 12837) on :
 
Anyone heard of Del Mar compound, in Montazah? 2 beds for 360,000.
 
Posted by mac0623 (Member # 10529) on :
 
yes at the back of where iam building three yrs to complete they say would be so bad if they started, they say its el montaza but its a bit out of it not near the main area at all its part of complex with villas
 
Posted by andy cullers (Member # 7853) on :
 
Mac will be in Sharm start of april- you living there now?
 
Posted by mac0623 (Member # 10529) on :
 
no just back in uk again will be out shortly though in april but just not sure what date yet, but my contacts are thier and partners
 
Posted by caj (Member # 13124) on :
 
hi
i go out in beginning may to hopefully look a properties, have tried to do research but now sarting to get baffled,
need some olid advice and what to be prepared to do when i see what we want,
have seen some properties but all at different prices for same properties
looking for something t use 4-6 weeks year and to let rest
 
Posted by mac0623 (Member # 10529) on :
 
dont worry just take it one step at a time and when you find the place you want and it feels right then thier is enough advice here to help you through
 
Posted by tamer & hamis (Member # 12916) on :
 
hi mac, hi mr.player .
mac are there ay news about the school
 
Posted by mac0623 (Member # 10529) on :
 
will be out soonto my apartment so will catch up with you
 
Posted by chafeman (Member # 12967) on :
 
anyone in Sharm from 19th March to 2nd April - I want to buy around Montazah/Nabq or Sharks bay - a 2bed 2 bath on the front line - anyone got any ideas and who to trade with. Has anyone got to know a developer?
 
Posted by mac0623 (Member # 10529) on :
 
hi when was the last time you was in sharm c/man
 
Posted by Mal (Member # 12314) on :
 
Hi Mac, how are things?
All seems to be going well with the construction work on my villa on 'Marine Club', ERA have been sending photos regularly and it is really coming on. There were a few problems from Marine Club Management and local government who were both trying to get extra cash payments out of me because the villa had been standing empty for so long but all seems to be resolved now without any cost to me.
I may be incurring problems with the villa in Nubia Sharm, you did warn me against buying there, I think there could be finacial problems between the developer and his bankers, still waiting for clarification on this matter and would be grateful for any info you have on this matter.
Thanks
Mal
 
Posted by mac0623 (Member # 10529) on :
 
hi iam very well thanks mal was giong to call you last week when i was there at my villa in hadaba but got diverted away, glad to hear things are going well with your project thier, as for other my person who knows them all up thier normally isnt wrong and the same is happening in other sites, iam told.
will try my best for you but know one wants to admit to going bust, but lets wait and see as rumours are rife at the moment, when you back out mal
 
Posted by Mal (Member # 12314) on :
 
my information is from a newspaper cutting in one of the Egyptian newspapers that was forwarded to my by my lawyer. He advised me not to send any further payments until he advises me.
I am a little worried, the developer is desparately trying to get through this but he clearly has a massive task in front of him. I guess if anyone is interested I could forward the artical or send it to them by email if they want to get in touch m.lewis5477@ntlworld.com.
The developer is still insisting them my villa will be ready for my use in August and is fobbing all of this off - we will see.
 
Posted by Mal (Member # 12314) on :
 
ps: the developer is saying that there is a mis-understanding with the bank and the bank is saying he owes much more than he actually does, so he instructed his lawyers to stop all repayments to the bank.
This is not hearsay or rumours as I have this info from the developers mouth. But who knows he might get out of it ok.
 
Posted by mac0623 (Member # 10529) on :
 
mal you have a good lawyer for them to stop you in time i hope you havent gave that much money over to them, did you use agent or didnt you contact them direct,mal this is the rumour i told you about when you was purchasing,and which i was told of sometime ago
 
Posted by mac0623 (Member # 10529) on :
 
mal what is the course of action your lawyer is recommmending you take if any,what is baffling they take all this money,but what do the developers do with it all, they must have very expensive lifes thats all i can think off,as it clearly hasnt gone on building the place i really do hope things go well for you and your family as it is not the start you wanted,and i hear of another site in trouble, but i think in the end they some how manage to get it right,but with that comes a big delay
 
Posted by Penny (Member # 1925) on :
 
A little bit of useful info for Uk purchasers looking for a way round inheritance problems from yesterdays budget:-

From 2008 individuals will not face a benefit in kind charge for any private use of a foreign home purchased through a company.
When people buy holiday homes overseas, they are often advised locally to purchase through a company, usually for tax or inheritance reasons. But until now, these arrangements have been challenged by HMRC on the basis that the private use of the property is a benefit under the employment income rules. Although draft legislation will not appear until later this year, HMRC has said that it will not seek tax in the meantime if the company is only there to hold the property for the individual(s) concerned.

---------------------------------------------
This makes it much easier now to purchase your Egyptian property through your own UK registered company. When you die your shares in the company can then be left to your chosen beneficiaries in your UK will as they are a UK asset and you have no worries about Egyptian inheritance laws.

This is also a legitimate way to get around the problem of Egyptian property law only allowing the ownership of two properties.
 
Posted by Mal (Member # 12314) on :
 
I've put in just over £70,000 so far with around the same amount outstanding.
My lawyer is telling me to wait a few days while he makes more enquiries, but as you can see from the email I sent you it is the bank making the suggestions not the lawyer.
The developer is continuing as if nothing has happened and has sent me some lovely pics of the progress of my villa today - oh well - maybe he is in denial who knows.
 
Posted by caj (Member # 13124) on :
 
hi trying to get some info on buying property in sharm
have read that if you buy you cannot rent or sell for 5 years is this true
also looking for recommendation for an estate agent am i better with the british sites or go to estate agent when i get to sharm next month
thank you any info received thankfully
 
Posted by mac0623 (Member # 10529) on :
 
hi, dont where you read the info on renting as never heard of this as for selling you can sell the second you buy,but may be not possible on some sites as the developer will want to selll his first and the contracts may hold the resale clause as for agents, my personal view here is read as much as possible go to sites look at prices, and e mail as many as possible and judge with a level mind thier is enough people on here to get all the info required, the only recommendation i will give you is, dont rush even if it means going out again, vist all the sites with as many agents and get all thier views and go armed with as many questions as possible, that way i think you will get a good mental picture as to what you want.

where are you stopping in sharm,
 
Posted by mac0623 (Member # 10529) on :
 
[Eek!] [Eek!] [Eek!]
 
Posted by caj (Member # 13124) on :
 
thanks
staying in sharks bay
are there quite a few agents in sharm
can anyone confirm if the 99 year lease is renewed to the new buyer or if i buy a resale will i get what is left of the buyers lease
to insure the property will uk companies do this or will it need to be egyptian
when i emailed companies here with requests i get quite a price difference for same poperty
 
Posted by mac0623 (Member # 10529) on :
 
the lease should be renewed from sale ,as for insurance its possible thier,as for prices go and have a good look around and speak to them where was you looking and what area
 
Posted by caj (Member # 13124) on :
 
in sharm but not as far out as nabq or maybe hurghada
looking for 1 or 2 bedroom
 
Posted by mac0623 (Member # 10529) on :
 
nabq is in sharm el sheikh other on the main land,
 
Posted by caj (Member # 13124) on :
 
does anyone know of sunny lakes and golden heghts
have been getting quite a few properties sent from these
also delta sharm
 
Posted by walkerbout (Member # 12974) on :
 
delta sharm is just outside naama bay on the way to the old town. i looked there but found it to be over priced and to big of a complex.
 
Posted by caj (Member # 13124) on :
 
thanks for that think a couple i've been sent are resale
 
Posted by tamer & hamis (Member # 12916) on :
 
Hi everybody Caj, about Sunny lakes it in front of Hyatt hotel on the main road of harm and it looks nice and i think the prices there is good too as i saw in 1 month more than 23 sale 90% British so if you need any information just tell me.
Mr.Player i didn't heard from you since long time are you received the CD or not.
Mac please pass my congratulation to the family please till we see them.
mac Rayman will be in UK on sunday morning as his flight at 09:45pm.
 
Posted by liz007 (Member # 11424) on :
 
Hi-does anyone know what the rules are in egypt on owning more than one property?
Also, what are the 'usual' arrangments for selling before completion and full payment? Can you realise any value or is it always likely to be a loss to the seller? Does it depend if anything is written into the contract?
 
Posted by mac0623 (Member # 10529) on :
 
thier is a rule and i dont think for one min it is enforced i think its 4000 sqr mtr so work that out by what you are planning to buy and what you have , i think its quite a lot of buying you have to do,
as for selling you will have to look at the contracts on this some let you sell some dont, so they can sell thiers first but all this should be in the contract,
as for full payment before selling ,if you have terms with the developer and you sell at a higher price then you brought you will just rewrite the contract for the higher price and the difference is yours i know of many people have done this
 
Posted by Penny (Member # 1925) on :
 
Law No. 230 of 1996
On July 14, Law No. 230 of 1996 was issued superseding Law No. 56 of 1988. The new law allows non-Egyptians to own real estate whether built or vacant with the following conditions:
1. That ownership be limited to only two real estate properties throughout Egypt for accommodation purposes of the person and his family (family meaning spouses and minors), in addition to the right to own real estate needed for activities licensed by the Egyptian Government,
2. That the area of each real estate not be in excess of four thousand square meters,
3. That the real estate is not a historical site.
Exemption from first and second conditions is subject to the approval of the Prime Minister. Ownership in tourist areas and new communities is subject to conditions established by the Cabinet of Ministers.
Furthermore, non-Egyptians owning vacant real estate in Egypt must build within a period of five years from the date their ownership is effective (the date on which the realty is recorded at the competent Notary Public Office). Non-Egyptians may only sell their real estate five years after registration of ownership, unless the consent of the Prime Minister is obtained.

----------------------------
That is the law and in my opinion we should respect it. Brits creating property bubbles will pay in the end in the same way they are now in Spain.
 
Posted by mac0623 (Member # 10529) on :
 
penny carnt remember fully now but thier was several amendments to these laws including free zones and certain desert lands as they sent thier ministers to jordan ,omen,tunis, and several other places to look at creating inward investment in property also morroco they praised and egypt would follow in terms of renewing old laws to create a property boom in terms of investors ,
but what i think they need to do first is to creat a national data base for everyone to see
 
Posted by mac0623 (Member # 10529) on :
 
penny are you out in sharm i will be thier for a couple of weeks from this weekend
 
Posted by mac0623 (Member # 10529) on :
 
mal i will pop round your place too
 
Posted by Mr Man (Member # 10457) on :
 
Hi. Can anyone give me any info on the El Hayat site in Nabq Bay, It is well behind and any information would be helpful. Cheers
 
Posted by walkerbout (Member # 12974) on :
 
ive bought there now been told it not ready til october due to extensions to the pool and reception area. anybody else got any news?
 
Posted by caj (Member # 13124) on :
 
hi
just back from sharm,
visited sharm bride, sierra resort, riviera sharm , gold sharm and sunny lakes so if anyone wants to know just ask
 
Posted by kar-neale (Member # 12409) on :
 
Hi caj,

How was Sharm Bride looking?
 
Posted by caj (Member # 13124) on :
 
sharm bride have you bought there we went to view here all the hotel and the hotel rooms all built(no internal work i.e doors window tiles etc)
the apartments for sale standing looking from road to the right hand side were built( no internal work) but the stairs were there which let you go into each and view size layout views etc
if you have bought or viewed you will know that they are building the apartments in v shape around pool so the apartments to left was what they were starting on next
when we were there the world conference was on and all builders throughout sharm were sent home so there has been no building work for about a week
when we were leaving the builders were starting to return
hope this info is of use to you any more just ask
 
Posted by caj (Member # 13124) on :
 
hi can someone give me name etc of good lawyer in sharm please
 
Posted by Lui (Member # 13485) on :
 
Hi,

We have just purchased 2 apartments in the Sunny Lake developement can you tell me a little more about the development and how it looks. We bought our apartments through SSQ investment and estate but we are using a solicitor called Yasser abd el kader to handle the transaction, I can let you have the details if you are interested.
 
Posted by Penny (Member # 1925) on :
 
quote:
Originally posted by caj:
hi can someone give me name etc of good lawyer in sharm please

There are NO good lawyers in Sharm. FACT [Razz]
 
Posted by caj (Member # 13124) on :
 
hi lui just sent you a pm
yes we viewed sunny lakes twice
which part did you buy in a or b
 
Posted by Rayman (Member # 11909) on :
 
Hi Mr Man and Walkerbout

The complex has changed very little in the past 4 months. They have just splashed a little paint on some of the columns at the front this time around. I would be very surprised if it was finished this year. There is little or no activity on the site on each of the last 3 occasions I have been there this year.

The buildings are up but not finished, externally rendered or painted. The internals are not in sight and the hardscaping is partly done but incomplete in virtually every part of the complex.

I have some photos taken from the main road a few weeks ago if you want them, just PM me your e-mail address.
 
Posted by CatTheCat (Member # 13508) on :
 
Hi all. I'm new to this site having been reading lots over the last few weeks!! Having visited Sharm on many occassions, I have decided to bite the bullet and buy an apartment.

After a property search trip at the end of April, my friend and I have settled on an apartment on the Sharm Bride resort, which I know some of you have also bought on.

My lawyer in Egypt has raised a couple of concerns in relation to the contract and I was wondering whether the provisions are ones that others have come accross on other developments:

1. In the event of late delivery of the apartment (which I understand in Sharm is fairly likely!!) the developer only has to pay 1,000 EGP per month compensation to us. This seems very low?

2. We are taking the installment option and the contract provides that if we want to sell before the end of the 3 year repayment plan, we have to have the consent of the Developer. I assume that that this is because the Developer wants to make sure he has some kind of undertaking that we will pay monies owing to him before we transfer it but the lawyer has raised it as a concern...

3. Once the apertment is completed and paid for, we have to pay 5% to the developer when we come to sell the apartment for 'changing the contract'. This sounds a bit steep to me!

My final worry relates to sending through the 25% deposit to the real estate agent without having the contract signed by the developer. I know this is not the procedure in the rest of Egypt and is unique to Sinai - the English in me feels slightly uncomfortable with this. Any reassuarnce gratefully received!!

Sorry for the waffle!!
 
Posted by kar-neale (Member # 12409) on :
 
Caj
Thanks for the info on Sharm Bride. Yes we have bought there and haven't been out there since last November. Where have you bought?
 
Posted by kar-neale (Member # 12409) on :
 
CatTheCat
We bought on the Sharm Bride Resort and had no problems receiving contract.
What date did they give you for completion?
Why did you chose Sharm Bride over other resorts?
 
Posted by CatTheCat (Member # 13508) on :
 
They have given us a date of November 2008 for completion. We met another buyer while we were doing the paperwork in El Tor and he's been told they're actually running ahead of schedule by two months but I'm sure that will change!

We also looked at Sierra Resort (which just felt too overcorwded because of the way the buildings are arranged), Carlton Resort in Hadaba and Delmar in Shark's Bay. I also have someone over there who did some research for me and looked at some other developments to see if we were being fleeced as foreigners! Based on what he came up with, we were happy with what we were getting at SB. I think the layout's good there and it's not going to be too cramped.
 
Posted by Penny (Member # 1925) on :
 
Cat you should not be sending the money to the Real Estate agent it should go to the developer, no this is not unique to Sinai, Oh god the things these agents get up to and yes for sure you should have signed the contract first. Nothing in Egypt is any different to what you would do in another country.
Your lawyer should be able to sort this one out for you. Get your lawyer to also renegotiate the 5% on resale everything is negotiable!. The other points are very much standard stuff but again always worth negotiating.
 
Posted by CatTheCat (Member # 13508) on :
 
Thanks Penny...the message we have had is that if you don't live in Egypt it is difficult to do it any other way and to that end they have given us a 'money transfer agreement'. It states that the agent is responsible for transferring the money to the developer - I am assuming they want the money to go through them so that the commission they are taking is deducted before sending it on...

Definitely need to do some negotiating - again the message from the agents has been that we have to take it or leave it! This all goes against everything I know as a lawyer myself!

Hope it'll all be worth it in the end!
 
Posted by bilbo (Member # 13510) on :
 
Hi, I'm new here & notice Cat you've visited Delmar,Carlton + others. Can you give me your overall impression of these resorts & why you chose as you did? Just trying to get a handle on the good & bad of areas/resorts etc
 
Posted by CatTheCat (Member # 13508) on :
 
Carlton - more expensive and in an already developed area, unlike Sharm Bride which is in the 'up and coming' area of Nabq bay. Also, they are very sketchy on whether there will be use of the Ritz Carlton facilities as the developer is not the Ritz itself. Any deal they do negotiate to use the facilities looks like it could be expensive. Having said that, if we had been buying two properties, the second would have been at Carlton.

DelMar - this is a large development, i think there will be over 260 apartments in the end. From a rental point of view it's not very family friendly if you want to go to the beach and although Shark's Bay is nice, again, Nabq is better... No doubt though that you get more for your money at DelMar.
 
Posted by Penny (Member # 1925) on :
 
quote:
Originally posted by CatTheCat:
Thanks Penny...the message we have had is that if you don't live in Egypt it is difficult to do it any other way and to that end they have given us a 'money transfer agreement'. It states that the agent is responsible for transferring the money to the developer - I am assuming they want the money to go through them so that the commission they are taking is deducted before sending it on...

Definitely need to do some negotiating - again the message from the agents has been that we have to take it or leave it! This all goes against everything I know as a lawyer myself!

Hope it'll all be worth it in the end!

Actually CAT the normal way to do business in Egypt is with the developer direct, so if you want to save yourself some money deal direct, it's not difficult and I think from your other posts you have an arabic speaker on hand, so get him working for you.
Take it or leave it! they are DESPERATE to sell, you hold the power. Come on we have to kick these idiot agents and their rip off commissions into shape, why are so many Brits like lemings. Get your man to go to the site, ask who the developer is and contact them direct.
 
Posted by mac0623 (Member # 10529) on :
 
hi penny how are you doing just back from sharm now will leave again in the next week or so,
as for this sharm bride and the sister place next door Sierra resort i think they have been build this since i was born and i took phots last week and thier was not a sole about, penny thier is many people in trouble in the nabq area now i think they have a mentality of spend spend and i dont mean on the projects, i sat with my parnters last week and was amazed at the amount of repocessions thier is and pending ones at that, my advice is very clear here to anyone thinking of buying thier, sharm is very good for ivestment and still alot of growth to come and moving forward all the time BUT there is people thier that is only yo willing to sell you anything to to take commission so DO YOUR HOME WORK GET TO SPEAK TO PEOPLE THAT HAVE ALREADY BROUGHT IN THE COMPLEX AND GET THIER POINT OF VIEW IF THE AGENT DENIES YOU ANY OF THIS THEN WALK
 
Posted by CatTheCat (Member # 13508) on :
 
Thanks Penny and Mac. I have given my guy there the name of the developer now and asked him to try and get in touch with him. To be fair, he was concerned about the amount of commission we will be paying from the outset - if he negotiates something for me I'm quids in! Think I might try and go over there again for a few days - it's easier to clear things up when you're actually there I suppose! And also a good excuse for a visit!
 
Posted by Penny (Member # 1925) on :
 
Any excuse will do LOL! I bet you will get your airfare out the commission saving but yes well worth another trip. Cat you don't have to do it the agents way but you have got to get tough. Glad your guy is on the case.

Hi Mac good to hear from you, I think in the next 2 years alot of people are going to get their fingers burnt but they will only have themselves to blame.
 
Posted by bilbo (Member # 13510) on :
 
Cat, thanks for your reply. I've heard that there are a lot of sharks out there & developments not moving forward at all or in trouble. I just want to try & pick out the good from the bad.
 
Posted by in2tense (Member # 13498) on :
 
Was out in Nabq last week and commited to 2 apartments in Sierra resort, nobody was working there and if they start to hand over these by September this year then I will eat my hat.

Now worried and would like to hear from anybody with experiance of Sharm Real Estate

Thanks

Darren - in2tense@ntlworld.com
 
Posted by Mal (Member # 12314) on :
 
Hi all,
Haven't been on this site for a while as I have been discussing my concerns about the development I am buying on on another site. But reading back on here today I can see that buyers for all developments seem to have the same worries and concerns.
 
Posted by mac0623 (Member # 10529) on :
 
hi mal you are very correct i cant not beleive that this is happpening all over and who is to blame ONCE AGAIN THE AGENTS and i make this very clear to all what is it with theses people.

NOW I WILL INVITE THESE AGENTS TO COME ON HERE AND DEFEND THEMSELVES AND THE PEOPLE THAT ARE SELLING NIGHTMARES TO PEOPLE THAT ARE SEEKING THE DREAM.
SHARM IS A GREAT PLACE
but the few are going to give it a name . WHEN WILL THESE PEOPLE BE HONEST

THIER IS MANY PROJECTS THAT HAVE STOOD STILL OVER THE LAST TWO YEARS AGENTS TAKE CLIENTS TO THE SITES FEED THEM BULLSH.T THEN WANT THIER MONEY OF THEM IN THE NEXT FEW WEEKS FOR WHAT

COMMISSION

WHEN WILL YOU CROOKS LEARN SOON I WILL NAME AND SHAME THE LOT OF YOU THE PERSON WHO SPENDS 1 POUND TO A MILLION HAS THE SAME RIGHT " TO KNOW " IAM SICK OF HEARING ABOUT PEOPLE THAT IS BEING TAKEN TO THE CLEANERS BY AGENTS/SOLO AGENTS ALL FOR THE SAKE OF A FEW BUCKS AND IN SOME CASES THOUSANDS OF BUCKS.

TO ALL YOU BUYERS FOR GOD SAKE DO YOUR HOME WORK ON SOME OF THESE PEOPLE DO YOU REALLY WANT TO COME TO THIS SITE OR WORRY AT HOME ABOUT YOUR MONEY.

BECAUSE LET ME TELL YOU THIS THE PEOPLE THAT SELL YOU THIS DONT GIVE A DAM ABOUT YOU AND LET ONE OF THEM COME ON HERE AND TELL ME OTHER WISE.

I HAVE ARGUED FOR A LONG TIME FOR THE PROTECTION OF BUYERS / CLIENTS FROM DEVELOPERS/ AGENTS AND STILLL THE MISERY GOES ON AND FROM THE EVERYONE WE ALL READ ON HERE HOW MANY DONT WE KNOW ABOUT.
ASK A THOUSAND QUESTIONS IF YOU FEEL ONE THING WRONG THEN DONT BUY, IF YOU WALK ON TO A SITE AND THIER IS NOT A WORK MAN OR TOOL ABOUT THEN THIS SHOULD BE ENOUGH TO TELL YOU SOMETHING IS WRONG.
IF THE DEVELOPER IS GIVING YOU THE WORLD AND TELLING YOU HE WILL BUILD THE PERFECT HEAVEN THEN STAND BACK AND LOOK CONTACT THE PEOPLE THAT HE IS SELLING TOO. THEN WATCH HIS FACE.

SHARM HAS A LOT TO OFFER A GREAT PLACE TO LIVE /VIST AND A WHOLE LOT MORE THE PEOPLE ARE GREAT. BUT WHEN THE GOING IS GOOD THERE IS PEOPLE ONLY TO WILLING TO HELP YOU SPEND YOUR MONEY.
DONT BE AFRAID TO ASK YOUR QUESTIONS.
IN THE LAST WEEK ALONE I KNOW OFF SO MANY PEOPLE THAT IS CALLING IT TO LATE,


NOW IF YOU AGENTS WANT TO COME ON HERE WITH DIFFERENT NAMES AND ARGUE WITH ME THEN FEEL FREE AS OVER THE LAST 2 YEARS YOU HAVE AND MANY HAVE GONE WITH THIER TAILS BETWEEN THIER LEGS AND GIVEN DIFFERENT ACCOUNTS JUST TO DIVERT FROM THE TRUTH
 
Posted by in2tense (Member # 13498) on :
 
Mac0623

Thanks for the info, I know of a few people (3) who really do want to buy in the Sharm area so do people on this forum know of any developers ( cutting out agents ) who can be trusted ??

Like I said only Monday was I at Sierra resort and not a single workman but I was told that this was because Condalia Rice had been over there and all workers had been sent away because of security.

I have a few photos if anybody needs a look but if youve got a September 2007 finish date then quite simply it aint happening.

Please help a few people who do want to invest in their dream in this wonderful country
 
Posted by CatTheCat (Member # 13508) on :
 
After crisis talks with the friend I am buying in Sharm with, we have decided NOT to send our money to Sharm el Sheikh Real Estate...I just want to give Penny and Mac a huge thank you for their advice and if you're ever in Sharm when I'm there I owe you a drink! [Big Grin]

I'm going to try and go over in the next few weeks and look at what's on offer. More importantly, I will be more careful of the agents. The worst thing is that my guy in Sharm warned me about commission rates, so I've had a big 'told you so' off him!
 
Posted by mac0623 (Member # 10529) on :
 
hi intense and cat sharm is a great pleace to holiday and invest these resorts have been on this thread for a very long time now i was thier last week long after the workers came back as my workers are thier and this site is a ghost town not one tool in site,
as for investing in sharm iam a developer thier and in the main develop in el montazah the private part of sharm, if you find a resort your intrested in let me know but your self, drive round nabq and then come back to me and tell me which project is finished except hotels and then come back and tell me which ones are in trouble and way over due giving thier clients a hard time about why they are late i personal think in a few years things might be better but at the moment some people are getting very rich out of your hard earned money from the moment you but to the moment they twist your arm and tell you lies why you have to buy thier furniture package at a stupid price which actuall cost half of what your paying them.

the sooner these people will learn how to conduct themselves in business the better for all of us
 
Posted by pixiedon (Member # 13555) on :
 
My parents bought in Sharm El Sheikh last year so we decided to go over for a week to check apartments out. My mother's experience (with Red Sea Properties) is actually a little off-putting - they are still waiting for stairs for their duplex one year after completion.

Just got back from Sharm El Sheikh on Wednesday morning. We decided to play clever and go on viewings with several companies so as not to get ripped off and see as much as possible.

We've decided to buy with Patrick Kennedy at SSQ Real Estate. Very helpful, put in a lot of time to show us around several sites (Sunny Lakes, Gold Sharm, Nubia Sharm and Riviera Sharm). Patrick is also recommending a lawyer and helping us to get some amendments on the apartment and including things in the contract that are important to us.

Would be happy to give anyone an update on the properties we've viewed which include:

Sierra Resort
Sunny Lakes
Gold Sharm (AKA Gold Star)
Riviera Sharm
Nubia Sharm
International Resort
Egyptian Experience

We also had an appointment to view Delta Sharm but were put off by its external appearance and reputation (personal opinion)
 
Posted by young at heart (Member # 10365) on :
 
What reputation have you heard of? Iv'e stayed there a few times, it was quiet and nice.
 
Posted by pixiedon (Member # 13555) on :
 
At the moment it looks very shabby to one side of the resort and it all seems quite enclosed, compared to the resort we have bought on. I think it depends on what you want from a resort as well. The apartments were were offered at Delta Sharm didn't have the same finish as the ones at SSQ which are all nicely tiled etc in very tasteful colours.
 
Posted by young at heart (Member # 10365) on :
 
Fair enough, but I'm still interested in its reputation!
 
Posted by Penny (Member # 1925) on :
 
quote:
Originally posted by pixiedon:
At the moment it looks very shabby to one side of the resort and it all seems quite enclosed, compared to the resort we have bought on. I think it depends on what you want from a resort as well. The apartments were were offered at Delta Sharm didn't have the same finish as the ones at SSQ which are all nicely tiled etc in very tasteful colours.

When the bomb went off in Sharm, Delta Sharm was the one place people wanted to stay and many left their hotels to continue their holiday there...why? ...enclosed = security.

Something worth thinking about for anyone buying in Sharm.
 
Posted by young at heart (Member # 10365) on :
 
I agree Penny, Ok security is very full thats surely a good thing
 
Posted by mac0623 (Member # 10529) on :
 
i personal think delta has got it right in the way of resort and how it looks to say its shabby , strange, as for the resorts you went round and play it clever i can think 2 of those are in trouble so your agent was thinking of one thing, and that wasnt you
 
Posted by mac0623 (Member # 10529) on :
 
which resort did you final buy on
 
Posted by young at heart (Member # 10365) on :
 
I know it's older now, but I like it
 
Posted by mac0623 (Member # 10529) on :
 
i think at lot of developers can learn from the place
 
Posted by caj (Member # 13124) on :
 
hi can yu say which 2 are in trouble cause we have looked and are going back out to buy
 
Posted by mac0623 (Member # 10529) on :
 
where u buying
 
Posted by caj (Member # 13124) on :
 
gold sharm or sunny lakes
 
Posted by mac0623 (Member # 10529) on :
 
talk to rayman on sunny lakes,
 
Posted by mac0623 (Member # 10529) on :
 
how much is the apartment in sunny lakes and for what 1 or 2 bed
 
Posted by Lui (Member # 13485) on :
 
Hi Mac0623,

We have just bought 2 apartments in the Sunny Lake development a 1 bed and a 2 bed due for completion 1st of June. We got the 1 bed for £ 27.000 and the 2 bed for £52.000. Both then needs furnishing. We are going on the 4th of June to see them amd sort out furnitures

Rayman can you let us all know your thoughts on Sunny lakes as we have only heard positive things about the development
 
Posted by mac0623 (Member # 10529) on :
 

 
Posted by mac0623 (Member # 10529) on :
 
ok i will put u in touch with the person if u want who furnished the others when u in sharm again i am thier 4th of june where u stopping
 
Posted by pixiedon (Member # 13555) on :
 
Was at Sunny Lakes on 16th May. Work being done, apartments are being completed to a high spec. Its good value for money and close to Naama Bay without being right in the middle. Would have bought their ourselves if it was closer to the beach.
 
Posted by pixiedon (Member # 13555) on :
 
From speaking to people in and around Sharm, there were 2 schools of though onDelta Sharm: 1) that its reasonably priced, well established and full of Brits 2) that is (I quote them not me!) " a bit of a zoo".

I'm not saying that there aren't some very nice apartments there (have seen pictures of some lovely apartments on Delta Sharm) but some are very run down due to the people who have owned them. Not all people have standards! I'd say it was the same on most resorts for resale properties. Riviera Sharm had a similar feel.

For us, we didn't like the location of Delta Sharm, its a bit in the middle of nowhere. We wanted somewhere that we could walk to the beach and that is what we've bought into.
 
Posted by young at heart (Member # 10365) on :
 
so wheres sunny lakes, what facilities does it have and what cost? sorry for being nosey, just looking for lots of info from people that know
 
Posted by pixiedon (Member # 13555) on :
 
Sunny Lakes is just outside Naama Bay, not far from the Roman Theatre. Its maybe a 10-15 minute walk into Naama Bay.

1 bed apartment is £27,000, or £30,000 furnished. Show apartment was very nice. The apartment we were considering buying was just behind the retail area so we wanted something writing into the contract about there not being a service road built behind this. That would be very noisy! In the end we wanted an apartment closer to the beach but Sunny Lakes was a strong contender.

The resort will contain 8 pools
 
Posted by mac0623 (Member # 10529) on :
 
sunny lkes is in good centrel position as for saying delta is in the middle of nowhere, its seems your home is done but check the the sites out before you buy its a must
 
Posted by young at heart (Member # 10365) on :
 
ok thanks for that, i would have to say I don't consider Delta to be in the middle of nowhere, 5 mins in taxi to naama. Close to beach too by taxi.Any more info on places to buy would be gratefully received! thanks
 
Posted by pixiedon (Member # 13555) on :
 
We visited

Gold Sharm (£32,000/£36,000 fully furnished depending on size) - also close to Naama Bay but on the other side

Sunny Lakes £27,000 (or £30,000) furnished

Riviera Sharm (approx 10 mins walk into Naama Bay and they are still building there as well as resale) £29,000 furnished. One apartment there had a nice (distant) sea view but we found the resort to be a bit crowded.

International Resort, Nabq Bay £24,000 without furniture (part of Egyptian Experience company). Apartments had nice layout but right behind a little shopping mall and no private beach access

We were offered a furnished apartment in Delta Sharm for £29,000 but wanted a beach within walking distance.
 
Posted by young at heart (Member # 10365) on :
 
thanks, i think i would want unfurnished, pick my own. I think Nabq would be too far out for me.It just seems such a minefield! Thanks once again.
 
Posted by pixiedon (Member # 13555) on :
 
Nabq is very quiet at the moment but we're happy to know Naama Bay is just a taxi ride away for bars & restaurants plus my mum owns an apartment in Nabq Bay.

For value and proximity to Naama Bay, I'd say Sunny Lakes was best.
 
Posted by young at heart (Member # 10365) on :
 
Just looked at my message, I dont mean I think Nabq is literally a minefield! I mean the whole buying process, not knowing the situations.
 
Posted by mac0623 (Member # 10529) on :
 
buying is very simple just take your time and look about thier is no rush and make your own mind up once you have all the info
PIXI where did you settle on buying and for what reason if you dont mind me asking, which agent did you use and was you pleased with them, thanks
 
Posted by mac0623 (Member # 10529) on :
 
[Mad]
 
Posted by tamer & hamis (Member # 12916) on :
 
Dear all,
you are kindly invited to view our website

www.sharmdreamz.com and your comments are highly appreciated

Regards
 
Posted by stafford (Member # 13579) on :
 
Hi All, I am planning to buy an appartment in sharm and recently on a trip with my girlfriend viewed a few places that we thought were nice, we also too had a look at Delta Sahrm and wondered about the security although i might it wrong we thought you could just walk into the resort from the side but I may be wrong sorry, anyhow I want to buy and was thinking of nabq bay but it seems there is alot of negativity on here can anyone help. We went to see a few places and are planning to return in a few weeks to to a deal and are now confused and very worried.

We spoke to ERA and to Sahrm el sheikh real eastate and thought both were good and friendly, we went to see about five resortrs but cant rememner all the names but I think one was sharm bride andother el hayat sharm and a couple of others and one up in the hills with a golf course.... Which ones are bad and which ones are good and most of all which ones will finish..

any help would be appreciated
 
Posted by mac0623 (Member # 10529) on :
 
i sent you a a mail.. cheers
 
Posted by mac0623 (Member # 10529) on :
 
--------------------------------------------------------------------------------
Hi Mac0623,

We have just bought 2 apartments in the Sunny Lake development a 1 bed and a 2 bed due for completion 1st of June. We got the 1 bed for £ 27.000 and the 2 bed for £52.000. Both then needs furnishing. We are going on the 4th of June to see them amd sort out furnitures

Rayman can you let us all know your thoughts on Sunny lakes as we have only heard positive things about the development
--------------------------------------------------------------------------------
Posts: 2 | From: Sheffield | Registered: May 2007 | IP: Logged |


SORRY 4 LATE REPLY GUYS, WHICH AIRPORT ARE YOU FLYING FROM
 
Posted by Lynnedy (Member # 13581) on :
 
Hi I am new to this site and have just spent the last hour and a half reading it (yes lovely day and nothing better to do!) I was a bit concerned to read the negativity regarding Nabaq I hae bought on Nubia Sharm can anyone tell me whats going on thankyou
 
Posted by mac0623 (Member # 10529) on :
 
is there anyone in sharm next week as i will be thier for a few weeks thier will be a few of here also thier with me
 
Posted by ian475 (Member # 11095) on :
 
if anyone has a little bit of space in there suitcase and dont mind taking something light over for me i would be gratefull(nothing illegal!!)i can drop it off within a reasonable distance of manchester(50-60 miles or so)
 
Posted by ian475 (Member # 11095) on :
 
ps.if so please pm me.
 
Posted by stafford (Member # 13579) on :
 
hi all any news on ritx carlton, my gir5lfriend thinks this maybe a good place cause the project is on the hotel which is one of the top names, any info appreciated and Lynnedy - the negativity regarding Nabaq can you tell us more on what you know about this in Nabq but not sure we will end up buying there. ta.
 
Posted by mac0623 (Member # 10529) on :
 
i spoke with someone about the site at the carlton, they said its nothing to do with each other dont know if thats true , i got ur mail yes please send
 
Posted by stafford (Member # 13579) on :
 
Mac mate sent you a pm. Ta
 
Posted by Penny (Member # 1925) on :
 
quote:
Originally posted by stafford:
hi all any news on ritx carlton, my gir5lfriend thinks this maybe a good place cause the project is on the hotel which is one of the top names, any info appreciated and Lynnedy - the negativity regarding Nabaq can you tell us more on what you know about this in Nabq but not sure we will end up buying there. ta.

Do you mean Ritz Carlton at Ras um Sidd ( near the lighthouse)? If yes do you know those buildings have sat like that for the last 5 years!
 
Posted by stafford (Member # 13579) on :
 
No I didn't penny, so thats that I suppose, back to the options in Nabq Bay, what a minefield.
Thanks
 
Posted by Penny (Member # 1925) on :
 
Actually no, I think that's a nice location, and if I was buying for a place to live it would be great, and much better than being all the way out at Nabq in middle of the desert. Like I said in my PM depends why you are buying. If you like Ritz Carlton just know you could bargain really hard as they have sat empty so long and be sure to find out what the plans and guarantees are on completion of the site. I think those buildings were originally intended for the hotel so again if the hotel does not see enough occupancy to fill them itself that tells you something if you are planning to rent.
 
Posted by mac0623 (Member # 10529) on :
 
the number u gave me was wrong staf?
 
Posted by Farstar (Member # 9772) on :
 
Guys, any news about property tax? the tax people are running around registering apartments, they want to charge friends of mine who have a closed apartment in Sharm 21000LE..

Any help? please PM me
 
Posted by mac0623 (Member # 10529) on :
 
who wants to chrge them this
 
Posted by Farstar (Member # 9772) on :
 
property Tax, El Tur office
 
Posted by CatTheCat (Member # 13508) on :
 
Re 'Ritz' Carlton - the Ritz has nothing to do with this resort and there is no deal secured yet that will allow the residents of the apartments (or the villas, if they're ever finished!!) to use the Ritz facilities. The firm that is managing the project is called Carlton Management - took us a day of asking questions to get the agent to admit that one!!
 
Posted by CatTheCat (Member # 13508) on :
 
Farstar - I didn't think think the 3% tax applied in Sharm because you don't actually register the property?
 
Posted by Farstar (Member # 9772) on :
 
Cat, you do not register, they come and register it for you.. They are walking around sharm and randomly registering prperties..

My friends are in the middle of a big dilemma and they have to pay 21000LE
 
Posted by auntie (Member # 9790) on :
 
Just back from Sharm yesterday and was quoted £24,100 for 1 bed ground floor apartment without furniture. Is this reasonable, anybody give me an IDIOTS guide to the procedure of what happens next and the time scales involved? Also anyone dealt with Global International Properties? many thanks.
 
Posted by goby (Member # 13610) on :
 
hi lynneddy
have sent you a pm
goby
 
Posted by tamer & hamis (Member # 12916) on :
 
hi auntie,
welcome back again i think your answer will be with ian and for advice this complex is good investment as it in good location as mac said that before and it also commercial area which it let the prices will jump.
just note from egyptian guy.
 
Posted by CatTheCat (Member # 13508) on :
 
Auntie - where was the apartment you were looking at???
 
Posted by auntie (Member # 9790) on :
 
this apartment is on Sunny Lakes.Have just e-mailed G.I.P today to confirm price and to chase up `hidden costs,watch this space I`m not holding my breath!
 
Posted by CatTheCat (Member # 13508) on :
 
I wouldn't!! Keep us posted!!
 
Posted by auntie (Member # 9790) on :
 
ok heard from agent today....guess what now that first phase nearing completion there is a price rise!! 1 bed 60m2 now £26800 with 50% deposit and 50% on handover there is a 5% discount for cash payment making it about £25500 ish! Add to that £268 yearly maintenance,about £180 for meters and approx £750 for visa,power of attorney lawyers fee to complete and finalize contract and registration, assistance in opening bank account and all transportations to sort things out `and this will be 3% of the contract value roughly £750` Does this sound about right?
 
Posted by Penny (Member # 1925) on :
 
quote:
Originally posted by auntie:
ok heard from agent today....guess what now that first phase nearing completion there is a price rise!! 1 bed 60m2 now £26800 with 50% deposit and 50% on handover there is a 5% discount for cash payment making it about £25500 ish! Add to that £268 yearly maintenance,about £180 for meters and approx £750 for visa,power of attorney lawyers fee to complete and finalize contract and registration, assistance in opening bank account and all transportations to sort things out `and this will be 3% of the contract value roughly £750` Does this sound about right?

Those lawyers fees are outrageous (£750 ) [Mad]
 
Posted by CatTheCat (Member # 13508) on :
 
I agree with Penny about the fees - that's way too much. Get an independant lawyer who isn't linked to the agent.

This 3% business...I'm sure I've read on here before that because, as a foreigner, you can only buy leasehold in Sharm there is no requirement to register your property and as such no need to pay the 3%?

I'm seeing Mac in Sharm at the weekend and I'll double check this with him. Anyone else know the position?
 
Posted by tamer & hamis (Member # 12916) on :
 
Dea auntie,
i was sent you pm and looking for your reply
 
Posted by Penny (Member # 1925) on :
 
quote:
Originally posted by CatTheCat:
I agree with Penny about the fees - that's way too much. Get an independant lawyer who isn't linked to the agent.

This 3% business...I'm sure I've read on here before that because, as a foreigner, you can only buy leasehold in Sharm there is no requirement to register your property and as such no need to pay the 3%?

I'm seeing Mac in Sharm at the weekend and I'll double check this with him. Anyone else know the position?

Put it this way, hardly anyone else in Egypt pays it and even if they do they register the price paid as much less to reduce the tax by having 2 separate contracts. But as far as I am concerned NO resigister then NO tax. This is just another way to get money out of foreign investors.
 
Posted by zalata (Member # 13676) on :
 
Hallo! I am new to forums, but I just realized how useful they can be.... I just bought a flat in sharm, and I would like to rent it, does anyone know who to rely on for looking after the flat, meet and greet etc.?
 
Posted by mac0623 (Member # 10529) on :
 
hi all just back again and i wish i can say i enjoyed it but no i didnt, cat, it was nice too put a face to a name and i hope you make the correct decission as sharm is a good place to invest its just a shame thier is people out thier who abuse thier position of trust and friendship to furthur thier own personal gain, but this will be very short lived as they will see, as we british are not that stupid.
nice too see plently of new shops about and bars.
 
Posted by Lui (Member # 13485) on :
 
Hi All, if any of you are interested in the Sunny Lakes development there is some recent pictures on the following web site concerning Zone A. http://www.ssqrealestate.com/index.php?action=newsdisp&Id=45
go the bottom and you will see some live pictures
 
Posted by mac0623 (Member # 10529) on :
 
goodmorning all was pleased to read your news but a bit confussed as to the signing times as the owners live next to me and they said the deal was done a long time ago but the point is its done so lets hope the good work will show through and you will all enjoy your investment which you all rightly deserve so i hope noboby on here took my point of view personal as at the time i posted this was the truth but was always convinced the out come would be positive.


as i belive now i have up set some people on here and they seem to have took it personal but let me tell you this i would not abuse my position of knowing something to cheat a person or inflate a price then call you a good friend with me its simple the buyer comes first and will always will with me and will seek to give them the best investment for thier money not put them where i can get the most money in commission as for the first time if they fail to get thier high commission they come around the back of me and then take f,ucking thousands from thier so called good friends well if this is good friends then i will just stick to the few trusted i know.

so i hope you all enjoy your comming holidays and once again if i have PERSONAL UPSET SOMEONE ON HERE IAM ONLY TO WILLING TO PUT THE MATTER STRAIGHT AND ENLIGHTEN YOU ON THE WHOLE MATTER
 
Posted by mac0623 (Member # 10529) on :
 
hi tiger steve i have your photos and met cat thier in sharm i think she took photos and has any info of the site they was working on thier all be it slow then i went by the other day and must say work had inproved on the site on the apartment side so it looks like things has improved all be it slow as for the opening or hand over i will leave you to decide this,
i belive the person INTENSE2 wanted info on the site too, its seems to be the norm with most developers in sharm every once in a while you just have to nudge them, but the problem with sharm is mainly the agents and the people that call themselves agents as to the pricing
WHAT IS THE REAL PRCE OF THE APARTMENTS FROM THE DEVELOPER'
I MY SELF NOW WILL BE INVOLED IN A FIGHT WITH A PERSON VERY SOON AND THE PEOPLE WILL NOW BE SEEN TO OVER VALUING PRICES, NOT FOR THE GOOD OF ME OR THE BUYER BUT ONLY FOR THE GOOD OF THIER OWN GREED AND TOTALLY MISLEADING BUYERS.

I THINK IF AGENTS SEE BUYERS AS REAL PEOPLE AND NOT JUST A GATEWAY TO THE BANK THEN SALES WILL BE BETTER FOR EVERYONE AND THE PRICE WILL BE STABLE AND CREATE AND STABLE MARKET,

BUT WILL SEND YOU THE PHOTOS
 
Posted by tigersteve (Member # 11822) on :
 
hi mac....much appreciated...look forward to receiving the pics....will speak soon....cheers,steve
 
Posted by tigersteve (Member # 11822) on :
 
p.s.....hope you told the one legged,one eyed pigmy builder to get his bloody lazy finger out...LOL...SURELY HE SHOULD BE NEARLY FINISHED....suppose you just cant get the staff nowadays
 
Posted by sbln70 (Member # 13711) on :
 
Hi all
I have been reading comments on this chat room for a while and surprised from some of the members trying to promote their personal agenda on the account of others and if you inspect their personal involvement and gains you will be surprised
 
Posted by mac0623 (Member # 10529) on :
 
hi steve i will get the shots over too you very soon but camera is a the hospital with my daughter and each time i go i forget so will get it today,
SBLN70
hi wat does those letters stand for if you dont mind me asking.
as for being surprised, no iam not iam just amazed at what they think they have the right to get out off it, for zero input
 
Posted by sbln70 (Member # 13711) on :
 
HI Mac
It stands for some members promoting their personal issues and attacking others if it conflict with them
 
Posted by mac0623 (Member # 10529) on :
 
personal issues are one thing personal gain at the expense of others who they call friends and mix with business is another and not business like or gentlmen like either [Eek!] [Eek!] [Eek!] strange but will come back to haunt eveyone who treats people as thier own financial gain
 
Posted by sbln70 (Member # 13711) on :
 
It is personal gains at the expense of others
 
Posted by mac0623 (Member # 10529) on :
 
dont know you tell me is this a game of who done it
 
Posted by sbln70 (Member # 13711) on :
 
Very easy just check the posting every.....day
 
Posted by CatTheCat (Member # 13508) on :
 
I am going to stick my neck on the line here and defend Mac!

For those who have never spoken to him personally and have not met him - I can understand why you might think he has an agenda just from his postings however you really are wrong. Mac is genuinely trying to help people not to lose their money and he can show you real life examples of what he's talking about - he's talking from experience not just airing his views.

For reasons I won't go into, Mac's legitimacy was proved to me beyond doubt (you know what I mean Mac and he's still sorry!!) and I will be forever thankful that he opened my eyes enough to see how much conning is going on in Sharm.

Message to the agents who post on here: We might be British but WE DO NOT HAVE MONEY TO BURN!! [Mad] [Mad] Keep inflating the prices on the new developments as much as you like but it is a buyer's market out there and a property is only worth what someone's prepared to pay for it!! [Wink]

Sorry for the rant but I feel better now!!!
 
Posted by goodworth (Member # 12338) on :
 
Hi all
Agents do not inflat prices it is the developer, according to his sales and building progress and the agents follow the developer's lead.

But properties owned by individuals there is a lot of games with price inflation specially in Montazah area the price is inflated in comparison with the rest I agree with you catthecat.

You can blame the gready owners and agents selling there.
 
Posted by mac0623 (Member # 10529) on :
 
well u got tht totally wrong didnt you, i can tell you as many properties sold thier is as many lost with out the developer knowing this comes down to agents greed and where do you get the montazah thought from, montazah is 100% diffetent pricing to the rest of sharm as it is for private use only the cost of the whole project is different as it is from a private company formed by the goverment the whole of montazah is run by this company ,the land prices thier are ten times higher and the building costs are different and too are the building rules,
NOW IF YOU KNOW DIFFERENT IAM ALL EARS
 
Posted by sbln70 (Member # 13711) on :
 
Goodworth
I agree with you in all of the above
Catthecat
I do not know Mac but I noticed on all his postings he is always trying to help all the buyers with advise but always on the negative side concerning any development or agents which leads us all to worry and doubt all the developers and agents as if they will rip us off and leads us to follow his lead to buy from a certain agent or a furniture shop that he is promoting and he think they are the best
For sure there is a lot of honest Egyptian developers and agents working to make a living.

Being British and investing in Egypt you must respect the country,the culture and the people, otherwise why you are moving over there?
For the love of the money or to enjoy the country with the good and the bad?
 
Posted by CatTheCat (Member # 13508) on :
 
Totally appreciate what you're saying sbln70 and taking Mac out the picture, it's still difficult to know what to do in view of the fact that between themselves, Egyptians tend not to trust one another! So I don't doubt there are honest developers and agents but there are also a lot who are looking to make a quick buck.

I fully respect the country, cluture and particularly the people and I am more than prepared to take the rough with the smooth!

In any event, I don't want to get into heated arguments on here - I just wanted to make the point that unless you have met Mac, don't be too quick to judge. He spent a great deal of time showing me round when I was last there and never tried to pressure me into buying off him or any furniture people! I found his advice very imparital and I have a feeling it's saved me money in the long run.

This is just my view and I do not expect everyone to agree!! C'est la vie! [Big Grin]
 
Posted by mac0623 (Member # 10529) on :
 
in all the properties i sold i did not recommend any furniture shop or tell people to buy grom it my advice is always simple one do your homework this way if it goes wrong then you only have yourself to blame, as i will never say told you so to anyone,
as for speaking down agents/developments this is to wake people up before they jump in and then worry about thier money as many people come for 2 days or so and buy something then worry, you would not buy a car like this would you.so if it takes you a month to find something by this time you would have saved your self 1000s anyone one comes to buy from me i all ways tell them go look else where first then come to me its thier choice and that simple.
I DONT PROMOTE ANYONE ON HERE AND NEVER HAVE DONE FROM AGENTS TO SELLERS OF ANYTHING.

YES I WILL GIVE ADVICE THEN ITS UP TO YOU
[Eek!] [Eek!] [Eek!]
 
Posted by sbln70 (Member # 13711) on :
 
catthecat
It is difficult to digest that someone will spend his time with all the buyers in Sharm showing them around and giving them an advise without a financial and private gains.

it sounds like a job for a dedicated sales person to meet them all when they arrive to Sharm to share his investment knowledge, so he can make friends with them?

If you do not mind me asking where did you buy Catthecat?
 
Posted by mac0623 (Member # 10529) on :
 
it may be difficult to digest but please take your time as its the truth now i will let cat answer where she brought
 
Posted by goodworth (Member # 12338) on :
 
Montazah has a nice view from the 1st /second line but when all the plots are finished in the next 3 to 4 years all the plots behind will have no view
The management that you are discribing government (we all know what to expect) which is very bad no walls around the area/security facilties/supermarket/restaurants or banks not even a so called taxi passing through.
The maintenance fees are high around 40 GBP per month.
You need to go to the nearest Hotel to aquire these facilities,to live there you must have a car
We went there with an agent but the prices were inflated in comparison to the facilities supplied,even the maintenance fees are too high around 40 GBP per month
I believe buying within a resort will give us the security and the facilities required for us as a family with children and the prices are much lower
 
Posted by mac0623 (Member # 10529) on :
 
ok lets start from the top you have been given the wrong info £40 a mth who told you that, as for walls and so on what you mentioned all the developers pay towards this its a private company not the goverment security is paid to a private company so if you know montazah you will see this and also montaza is steeped up wards to give all the view as i live thier and know the place like the back of my hand, yes some will have a blocked view but its all about location as well people will pay for this, and people spending millions dont want to be next to a taxi rank with locals sleeping at thier gate way and people coming from the supermarket, so please no the place before making a coment as yes complexes will suit some but not all this i will agree but the rest you have been mislead,
NOW OFF 4 A MEAL
 
Posted by sbln70 (Member # 13711) on :
 
Mac you posted
in all the properties i sold i did not recommend any furniture shop or tell people to buy grom it my advice is always simple one do your homework this way if it goes wrong then you only have yourself to blame, as i will never say told you so to anyone,

HOW MANY PROPERTIES YOU SOLD OR YOU SO CALLED ASSISTED BUYERS IN SHARM I BELIEVE IT IS A VERY LONG LIST
 
Posted by goodworth (Member # 12338) on :
 
What walls?
Yes Montaza is up on differnt elevations may be the top floor or the roof at the back do have a sea view and most of them will have a blocked view after all the whole area is completed
All the gready builders in Montaza they build one level below the ground level to make extra money and increase their profits and the millions that the Brits have to be go into their pockets
Everyone needs this poor taxi drive sleeping on the street at the gates and the home owners need to go to a supermarket!
if they do not exist no one can go any where!

sbln70
Interesting question

Have a nice meal
 
Posted by mac0623 (Member # 10529) on :
 
ok goodworth u are right to your point and if is how u feel then fine,
slnb71 iam failing to see your point your making, you clearly said that i promote certain shops now u take your time go back and copy and paste where i said this, as for the other question you asked what is your point, and if i said the answer was 1, 4, 5, or zero i fail to see whats your point, goodworth its not an interesting question as it has no point or valid reason to be answered
 
Posted by mac0623 (Member # 10529) on :
 
CAT, thankyou for your coments,
GOODWORTH I SEE YOU HAVE BROUGHT IN SHARM BRIDE,
SLNB 70 where did you purchase?
 
Posted by Major Nort (Member # 13722) on :
 
I wonder how long it will be before the authorities in sharm will deal with the extra level being built in montaza.Everyone knows that the ground is more difficult to build in there because of the geographical feature,but the developers who build there increase thier costs by digging further into the ground to include 1 more level so they can make one quarter more the profit as the cost of labour and materials will cost little more than the legal 3 levels.Montaza is at the moment in the middle of no where so why would someone willing to spend millions want to be there.One quarter of the people who buy there will have no view but the earth around them or the building in front,hardly worth the premium being asked.
I have very much enjoyed reading pennys comments
M.N.
 
Posted by mac0623 (Member # 10529) on :
 
the rules are very straight forward 7m from road level as for going down this is very expensive indeed yes there is some developers has done this but they clear the ground in front, montazah is very good ground to build on due to its nature, as for you thoughts on profit u have this completely wrong, thier is no legal 3 level in montazah so your info is wrong , so now comes to a very good point here with one post and a wealth of misguided info on building, digging, profit,no to mention the thought of the legal side.
so how many more people are going to come on here with one post and really with one aim but not point,
so there is no point is asking you where you brought as i dont believe u have purchased i think you are jacked off for some reason as every time i save someone from wasting thier money in a project that has been going as long as i can remember i tend to find people come here with no history but a wealth of knowledge about nothing,
 
Posted by sbln70 (Member # 13711) on :
 
Mac
You wrote
as for speaking down agents/developments this is to wake people up before they jump in and then worry about thier money as many people come for 2 days or so and buy something then worry

The point I feel that there is no difference between you and any agent in Sharm selling a property because you are selling properties and for sure there is a financial gains for you.

The only difference between you and the agents is the agents are working from an office paying taxes and over heads and do not attack individuals or agents because there must be a code of respect between them
and you are working from this chat room for free attacking them.

I believe that you are selling your property as you are advertizing in every posting and sell for others as well.

How many properties you sold from this chat room so far between you properties and for others?
I believe a lot of people on this chat room would be interested to now like goodworth and me


I did not buy anything yet as we are still looking around, you already made us worried about dealing with any agent in Sharm exept YOU or through you!
 
Posted by goodworth (Member # 12338) on :
 
Major Nort
I agree with your opinion about Montazaha

sbln70
Interesting statement and interested to know Mac's answer
 
Posted by mac0623 (Member # 10529) on :
 
we have a company in sharm and all duties must be paid,you say in one sentence thier is no difference then say in the next the only difference so which is it.
dont ever think there is no agents on here and working from a shop is a form of security.
thier is good and bad agents in sharm so if you havent brought then you are in a good postion to look around and collect as uch info in your own time.
i havent sold any of my properties from this chat room not one.
i have put people in touch with what i think is trusting people as of yet i dont see them moaning un like the people that has already brough.
so now you know NOT ONE I HAVE SOLD
dont worry about buying in sharm i will say to you as ii do to all if you want any help or advice then ask it free and may help or not the only time you will see me talk directly is when iam very sure ythat certain thing are not right.
there are many good developments in sharm i have met many nice people but thier is some out there for the quick buck and dont give a dam if me or you pay too much for what we are buying and not just buying they make thier money from so enjoy your time looking and take your time dont be rushed by anyone
 
Posted by mac0623 (Member # 10529) on :
 
GOODWORTH-i think i upset you on my coments on your resort where you purchased, but i think my coments gave enough people concern to creat a reaction on the site as before there was no movement at all and now there is movement
 
Posted by Penny (Member # 1925) on :
 
It is sad to see this argument running on here. Mac has only ever tried to open peoples eyes to some of the bad practices that are taking place in the property market. I have never seen him actively promote his own developments. Yes he has talked of them and he is free to do so. We should be glad to have someone here who is able to share first hand knowledge of what is going on.

I think the following statement must be the most stupid thing I have read on this thead.......

The only difference between you and the agents is the agents are working from an office paying taxes and over heads and do not attack individuals or agents because there must be a code of respect between them ...........

Anyone who truly beleives that shows a complete and utter ignorance for the way the Egyptian business community works.
-------------------------------------------
On another point Mac, I was interested to read Montazah buildings are 4 stories high. I also thought buildings could only be 2 stories because the Gulf of Aquaba sits on a fault line. I was in Sharm during the last earth quake and I can tell you my whole flat moved and shook but thankfully sustained no damage. To be honest though I was surprised because the movement was quite significant and very frightening. Are the 4 stories being built with earth quakes taken into consideration in the construction?
 
Posted by sbln70 (Member # 13711) on :
 
Mac
In your opinion who do you think is a good agent to trust & deal with?

Penny
How does the Egyptian business community works?
 
Posted by mac0623 (Member # 10529) on :
 
penny the law is 7m from road but in montazah the land is un like anywhere else its solid rock and the guide lines are very strict and are adeared to at each stage in building, earth quakes are the biggest consideration as to the strenght of the mixture highest grade and the contrete on all ground floors before any red brick is put in on the upper floors.on the last quake i was in the building and nothing moved we drll down each colum and pour very deep before the base is introduced.
we do not build from a floating base this would be stupid just for the life of the builing alone.
.now in nabq they are asking for ten floors but been given the go ahead for 7 on the new projects, but this is just on sand base so be interesting to see what they do, but iam sure they will get it right as they are a famous company.

SLBN70.
I WILL NOT RECOMMEND ANYONE you find a company that will go out to protect the buyer in all angles and one you find your at ease with. as i feel from your posts i know what is comming next and you will not get me to say or recommend an agent/furniture shop or anyone
 
Posted by mac0623 (Member # 10529) on :
 
AS ONCE YOU STATED SLBN70 I RECOMMEND CERTAIN SHOPS I ASDKED YOU TO COPY AND PASTE THIS AND AS OF YET YOU HAVENT SO PLEASE DONT KEEP ASKING AS I WILL NOT RECOMMEND OR BE LED IN TO THIS BEEN IN THIS GAME ALONG TIME NICE TRY [Eek!] [Eek!] [Eek!]
 
Posted by goodworth (Member # 12338) on :
 
Mac
The only thing you did so far is to make investors like me and future buyers worried
and slagging the reputation of the developers who are investing millions which I believe is not ethical for sure some visitors on this forum might have thought of buying there and after reading your posts they changed their mind

How do you feel if a person shouts on this forum warning buyers not to deal with you with false accusations?

That will distroy your reputation and your investements

Actually after been on this forum for some time with all the comments you are posting it gives us the feeling that all developers/agents/Egyptians are very bad people

Which is not true, I dealt with some Egyptians and agents and found them very nice and honest

If you do not like the rules regulations government or the way of life in Egypt why are you working/investing/living over there?

When we visit someone at his home we do respect his life style, traditions and way of thinking,and with a smile enjoy what he is offering us how about living in their country?

We should be glad that they permite us to live there.
 
Posted by Major Nort (Member # 13722) on :
 
Mac I was very interested in your last message about the way your properties are built.I studied geomechanical engineering at university and was always under the impression that solid rock was good for building on in flood plains and normal terrains/conditions.When you added the location being on a fault line with the likelyhood of earthquakes that all changed.Earthquakes produce kinetic energy which is magnified through solid rock so a pneumatic dampner is usually introduced to absorb the energy that grounds like sandstone,limestone and earth naturally absorb.During my numerous visits to montaza I saw no such items only as you said the concrete pilings which should in theory magnify the shock waves.Why is montaza so different
M.N.
 
Posted by sharmer2 (Member # 13710) on :
 
Mac how can you say Montazah is unique in the fact that it is a residential development sanwiched between hotels with its own beach - take a look in nabq paradise villas you will find exactly the same? Villas built to owners specification and certainly not villas split into blocks of flats to maximise profit - And as for you not reccomeding an agent i ask you to re-read the following.............

hi again finally fix the lap top.

as to your question and wanting advice.

i have never been a big fan of the agents in sharm for many reasons as i said in many posts thier needs to be one who moves away from the rest and sets the standard to wards its clients there is countless stories i here from many agents now and this is just one you refere to as i was with a couple of other agents last week and these was the people that was starting them and also 2 people that worked for them,sharm is a very small place and it doest take long for rumours to spread and i found these to be the main people spreading them, sharm is very young as regards to real estate and yes there is and may be a few ghosts from the past as regards to all agents, but what i have found that pioneer real has moved away from this and has set standards for both staff and the clients it manages, as we have looked at many agents in sharm to manage our sales and really to be honest i would not trust most of them ,over the last couple of weeks i have seen first hand what the agents are doing from the point of selling to the point of handing over and this i want no part of.

as for pioneer property leaving, they are the only one opening new shops in all areas and what i feel safe with is the way they manage thier clients and how come across from the start to the end of the sale, in the past few months i have spoke to many clients that have purchased through them and not heard from one person that was at all un happy with what they found in the company so my choice would be to put your trust in them as me and my partner had a very good meeting with directors and staff as regards not just to what we want, but as to what the clients wants, as from standards of finishing to handing over on time, now if an agent comes across with the same thoughts as the developer then surely that is not a bad thing,as for over pricing which you refere to i did get this feeling from them as how can they over price my property it is we who set the price and we just agree the commission which the developer pays and then thier is the 1.5 standard buyers fees.

so my thoughts on this is which i have seen in the past its another little war of words between the real estate agents and from what i have seen the others are losing clients to pioneer, because pioneer are putting the ground work in from the very basics and this is what is totally important to me and my partners,

now you may well say beve, well i would say this as they are working for the sale of my properties, but they are not just working for the sale of my properties they are behind the whole sale of the property also protecting your very interest in respects to ,they go through all our paper work from title deeds to contracts ensuring and protecting the clients interests and making sure we dont sell something that is not ours to sell. and all this is done with thier lawyers and it is them that come back to us and tell us what to do and change if they are not happy with what we have done.

now for my final point i have not met one agent that has come to us with this strict code of conduct so from my point of view pioneer property have set stardards and have certainly moved forward with my aproval in many respects, and i guess with many other agents disaproval



of course and i will not get into this with, as to what point will it go, i think at this point we will agree to disagree ant let time be the tell here, and if anything goes wrong i will in due course let you know as i will if iam happy with the service ,and up to the present moment in time iam more then happy as they have taken the pressure from me in a lot of areas and shown a more then a proffessional approach and been very polite , what more can one ask

hi again finally fix the lap top.

as to your question and wanting advice.

i have never been a big fan of the agents in sharm for many reasons as i said in many posts thier needs to be one who moves away from the rest and sets the standard to wards its clients there is countless stories i here from many agents now and this is just one you refere to as i was with a couple of other agents last week and these was the people that was starting them and also 2 people that worked for them,sharm is a very small place and it doest take long for rumours to spread and i found these to be the main people spreading them, sharm is very young as regards to real estate and yes there is and may be a few ghosts from the past as regards to all agents, but what i have found that pioneer real has moved away from this and has set standards for both staff and the clients it manages, as we have looked at many agents in sharm to manage our sales and really to be honest i would not trust most of them ,over the last couple of weeks i have seen first hand what the agents are doing from the point of selling to the point of handing over and this i want no part of.

as for pioneer property leaving, they are the only one opening new shops in all areas and what i feel safe with is the way they manage thier clients and how come across from the start to the end of the sale, in the past few months i have spoke to many clients that have purchased through them and not heard from one person that was at all un happy with what they found in the company so my choice would be to put your trust in them as me and my partner had a very good meeting with directors and staff as regards not just to what we want, but as to what the clients wants, as from standards of finishing to handing over on time, now if an agent comes across with the same thoughts as the developer then surely that is not a bad thing,as for over pricing which you refere to i did get this feeling from them as how can they over price my property it is we who set the price and we just agree the commission which the developer pays and then thier is the 1.5 standard buyers fees.

so my thoughts on this is which i have seen in the past its another little war of words between the real estate agents and from what i have seen the others are losing clients to pioneer, because pioneer are putting the ground work in from the very basics and this is what is totally important to me and my partners,

now you may well say beve, well i would say this as they are working for the sale of my properties, but they are not just working for the sale of my properties they are behind the whole sale of the property also protecting your very interest in respects to ,they go through all our paper work from title deeds to contracts ensuring and protecting the clients interests and making sure we dont sell something that is not ours to sell. and all this is done with thier lawyers and it is them that come back to us and tell us what to do and change if they are not happy with what we have done.

now for my final point i have not met one agent that has come to us with this strict code of conduct so from my point of view pioneer property have set stardards and have certainly moved forward with my aproval in many respects, and i guess with many other agents disaproval

Now to get back to your statement that you have never reccomended any agent in Sharm and people should cut and paste to prove - done! Would like to particularly draw your attention to the following text - although of course, you would never reccomend any agent in sharm ...........so my choice would be to put your trust in them as me and my partner had a very good meeting with directors and staff as regards not just to what we want, but as to what the clients wants, as from standards of finishing to handing. Had to do it because you are just so full of yourself.
 
Posted by Major Nort (Member # 13722) on :
 
Hi sharmer2 I feel its unlikely you will get your answer as the mac0623 will probably just try to belittle you and say your comment is not worthy of his time which I have seen this person do a few times.
M.N.
 
Posted by sharmer2 (Member # 13710) on :
 
Just a quick add on - From Mac - you dont have to bulk order to find funiture, just back from sharm and i have a very good furniture maker and will do one or many orders and to western standard i have just had my beach front done in montazh and was very pleased and now all the western people in the villa is using him and i have just given him the contract for 2 of my new builds in el montazah and very cheap too but more important is the standard of work. - when questioned on the fact the guy had not got back to them his reply was - ok will chase that with them - not a reccomendation?? you dont have to bulk order to find funiture, just back from sharm and i have a very good furniture maker and will do one or many orders and to western standard i have just had my beach front done in montazh and was very pleased and now all the western people in the villa is using him and i have just given him the contract for 2 of my new builds in el montazah and very cheap too but more important is the standard of work.

And i thought no foreigners could have freehold in sharm now?? Not according to Mac.......

sorry sheddie didnt mean to imply that you said i was pushing monyazah, i meant in a context of i dont get agents to push my sales as it is different in montazah..

and for getting out of it was meant to imply, pleasure of helping other get the best for the cash.

the agents was not pleased at all because i heard him say in arabic about the increase in price and said i will charge them for the roof as well. so i spoke with the owner and he was very happy to include the roof on 2 bed apartment over looking the lagoon and with roof furniture the cost i got him to was i think 30k freehold and remove the word leasehold,as it was the roof that was inportant to make sure no future buid was possible.i have done this now several times for people in the area of nabq and put next of kin in the contracts and a few other things.

i hope this helps you out a little

hi there when you say the local part of sharm is that hadaba place of sharm as i have a few places thier and a very good contact to help you get some quotes

I could go on and on and on - but why bother i think i have made my point..............
 
Posted by sharmer2 (Member # 13710) on :
 
Hi M.N. dont even need his answer - people will have made up their own minds about him from the post. He cannot defend himself so you are right about what you say he will just be offensive as cannot be defensive................
 
Posted by Major Nort (Member # 13722) on :
 
Hi sharmer2 I cannot locate the conversation between mac and sheddie that you write about but would like to read it.Can you tell me where it is please.
M.N.
 
Posted by andy cullers (Member # 7853) on :
 
Hi
Does anyone know who is selling the apartments at the Millennium Oyoun.
 
Posted by sharmer2 (Member # 13710) on :
 
Hi M.N. From a different forum at goredsea.com
 
Posted by mac0623 (Member # 10529) on :
 
now i know whom iam talking too, i think we have been down this road several times with you both but under different NAMES when will you give up , i think never, as to the furniture person i did not pass any numbers or mention names in fact i dont use him now, so u guys try to use a different approach i thought you was quite why i was gone YOU BOTH DONT DO THE FORUM ANY GOOD COMMING ON HERE WITH DIFFERENT NAMES BUT WHAT GIVES U AWAY IS THE ONE POSTS, AND THE SAME WORDS AND THE SAME POSTINGS, AND THE OLD OPENING LINES.

" IVE BEEN READING THIS FORUM FOR SOMETIME" PLEASE FIND A NEW OPENNING
 
Posted by Major Nort (Member # 13722) on :
 
Hi sharmer2 thanks for that.I have viewed that forum before but only caught up with mac0623 talking about the nubia sharm resort being in trouble which hardly surprisingly is apparently doing very well and due to be finished soon.Your information about sharm seems pretty precise have you lived there long or you new to the area.Good information is exactly what people like me are looking for rather than just opinions like mac0623.
M.N.
 
Posted by sharmer2 (Member # 13710) on :
 
Who do you think i am Mac then? Name names?? You obviously have such an inflated ego that you think i have to be a 'someone' or an agent to find fault with what you say on this forum. That an ordinary person who had lived in Sharm for 4 years so has a reasonable knowledge of the place could not possibly find fault in you? Its a joke. I notice you do not bother to reply to the post that shows your own personal quote reccommending an 'agent'??
 
Posted by mac0623 (Member # 10529) on :
 
UR POST ARE THE SAME WHY NOT TELL THE FORUM YOUR REAL NAME, FINISHED SOON WITH THAT TYPE OF FINISHING IT SHOULD HAVE BEEN FINISH IN A WEEK 7 YEARS AGO
 
Posted by Major Nort (Member # 13722) on :
 
Hi sharmer2 you are not the only person to notice that mac0623 has not answered the question you asked of him
M.N.
 
Posted by sharmer2 (Member # 13710) on :
 
I am a housewife living in the UK, who had previously lived in Sharm for 4 years, as i have stated previously. I have no idea who the hell you think you are to accuse people based upon your paranoid summising. Now please answer the post which clearly shows you reccomending an agent in sharm - when you claim this is something you have never, ever done...... thank you.
 
Posted by Major Nort (Member # 13722) on :
 
Hi sharmer2 its fantastic to talk with someone who has actually lived out where we all hope to spend some time.I got the impression from your messages that you had some first hand knowledge am very pleased to talk with you.You clearly have proper information and a feel for the place as opposed to our friend who is only interested in a quick buck.Please keep the information coming as I for one appreciate it
M.N.
 
Posted by mac0623 (Member # 10529) on :
 
right sharmer let start from the beginning where did i say i recommend, the paste clearly shows my opinion and as to what i think but this is only an opinion and was in reply to several post by others whom now seem to on this forum but under a different name,
now if you completely read all the posting from start to finish you will never see mye recommending anyone,now we can do the same on this forum if you want with the twat who brought in nubai but it wil lserve no meaning and as for quick buck .
you must have been on about the developer you brought from
 
Posted by Major Nort (Member # 13722) on :
 
Hi sharmer2 it seems we were right and that mac0623 despite it being written in black and white seems to think that he has not recommended anyone.
M.N.
 
Posted by sharmer2 (Member # 13710) on :
 
From my previous post - now if thats not a reccomendation Mac i do not know what is!! I personally see nothing wrong in reccomending someone who has provided a good service - it is YOU that claims you do not.

Now to get back to your statement that you have never reccomended any agent in Sharm. Would like to particularly draw your attention to the following text - although of course, you would never reccomend any agent in sharm ...........

Your comments on Pioneer -

so my choice would be to put your trust in them as me and my partner had a very good meeting with directors and staff as regards not just to what we want, but as to what the clients wants, as from standards of finishing to handing.

Am bored of this now, you are just so pig headed and i am banging my head against a brick wall..........
 
Posted by Major Nort (Member # 13722) on :
 
mac0623 your post is pretty clear as you have written that you have clearly recommended pioneer and thats fine if they have done good business for you,but to then tell everyone that you have never recomended anybody is clearly a lie;not a misunderstanding purely a lie and sharmer2 is right to point out your error.Why when its written in black and white do you continue to lie about it?
M.N.
 
Posted by mac0623 (Member # 10529) on :
 
sharmer no it was not as clearly stated it was for preople to decide not for me to recommend

MAJOR NUT WHY DONT YOU HAVE THE GUTTS TO PUT WHO YOU ARE .
DONT SUCK UP TO OTHERS LIKE YOU HAVE DONE SO MANY TIMES BEFORE COME ON AS YOU WASNT CLEVER ENOUGH TO HIDE HOW YOU POST,
 
Posted by Major Nort (Member # 13722) on :
 
mac0623 sharmer2 is right you are a waste of space and even though you write something down for all to see you still seem to think that you have not.you as usual have resorted to shouting people down and saying that you have not done something you clearly have.you are a fine one to talk about guts as you mouth off saying you will name names about people who write on the forums who are agents but do not do so.this indicates that you are just full of hot air and empty promises and no one should take you seriously until you do so
M.N.
 
Posted by andy cullers (Member # 7853) on :
 
When you lot finaly stop slagging each other off can someone please give me an answer
Bearing in mind that Sharm real estate no longer sell the apartments at Millenniun Oyoun
DOES ANYONE KNOW WHO NOW SELLS THERE?
thank you
 
Posted by Des (Member # 9479) on :
 
Mac - I think you are p***ing in the wind with this bunch of galahs - only contribution I can
see if personal abuse.

Should'nt waste your time with a load of tossers [Big Grin] [Big Grin]
 
Posted by Major Nort (Member # 13722) on :
 
Des the man cant answer a question and thats what it comes down to.no one can deny your opinion but your use of language clearly indicates your lack of class
 
Posted by mac0623 (Member # 10529) on :
 
des i dont mind as it makes me laugh the person thinks they are clever but if you see they open with the same old post.
then it becomes a little longer,
then i reply if you look back" i know whats comming next"
then the twat who calls people with no class starts the attack,
you tried it so many times with so many names, and you call me the one with no class,
and then your posts get shorter with the final personal out burst,
WELL IF THAT IS CLASS YOU KEEP IT [Eek!] [Eek!] [Eek!]
 
Posted by mac0623 (Member # 10529) on :
 
HI ANDY DONT KNOW BUT WILL TRY TO FIND OUT, I THOUGHT YOU PURCHASED IN THIER SOME TIME AGO AND WASNT THERE ANOTHER PERSON WHO BROUGHT IN THIER, IT LOOKS NICE FROM THE OUT SIDE
 
Posted by mac0623 (Member # 10529) on :
 
SHARMER, MUST SAY SORRY FOR SAYING THAT YOU WAS AN AGENT AS THIER IS ONLY A NUMBER 2 SEPERATES THE DIFFERENCE,
 
Posted by Major Nort (Member # 13722) on :
 
mac0623 as usual you have managed to avoid answering sharmer2 question.the reason everyones posts get smaller is because they see there is no point in trying to get you to answer anything as you seem incapable of doing so.your posts get longer as they just get filled with the i know who you are rubbish.you resort to bad language as you have no answers to give just the usual waft of hot air.you attacked sharmer2 as being an agent so not only is your language foul but your memory is poor also.
M.N.
 
Posted by mac0623 (Member # 10529) on :
 
i see your logged on on the other site too,
 
Posted by Major Nort (Member # 13722) on :
 
mac0623 you can believe what you want as there is no point in saying anything different to someone like you.surprised to hear im not an agent
M.N.
 
Posted by ian475 (Member # 11095) on :
 
quote:
Originally posted by mac0623:
i see your logged on on the other site too,

only two people logged on the other site,me and a n other,perhaps if you could narrow your allegation down it may clear up any missunderstandings.
 
Posted by mac0623 (Member # 10529) on :
 
ian keep out of it please, i seem to be having the same old run round with the twat again
 
Posted by ian475 (Member # 11095) on :
 
i am out off it,just making sure you and everyone else is aware of that.have a nice day
 
Posted by mac0623 (Member # 10529) on :
 
infact thiers 4
 
Posted by andyscoff (Member # 12280) on :
 
Sorry but had to put my twopenneth in !! Mac sorted me an apartment out a last year. Gave me lots of advice & saved me lots of dosh. He saw what i wanted & pointed me in the right direction without a penny for himself. NUFF SAID !!!!!!!!!
 
Posted by ian475 (Member # 11095) on :
 
mac,there was 2 at the time.
hi andy,i have some recentish photos of your place(april),i have been meaning to contact you to see if you wanted them forwarding but i notice the last pm i sent you remains unread.if you want them please pm me with a email address.
 
Posted by DRELT (Member # 13732) on :
 
Mac,

I have just spent an hour or so beinjg entertained in this forum, and just wanted you to know that if the twat you were referring to in the posts above was earmarked as me, you are not correct.

I am happy to tell you who I am as you know, just so you are clear that Mr Major North, Sharmer2 or slbn70 are not me or mine!

Regards
 
Posted by mac0623 (Member # 10529) on :
 
hi drelt how u doing not heard from u in long time, well if you spent the hour reading this crap, then you read it all be for i think my posts are the same as the fool iam replying too,

i think this makes me just as bad, but it does make me laugh
 
Posted by sbln70 (Member # 13711) on :
 
Hi Major Nort & sharmer2
It seems that we have the same thoughts about Mac
So we know now to whom he sends the forum clients to which he denied before thank you for the help.
Where did you find this posting? interesting to read it, I think I will do a lot of search on all the old postings to learn more about Mac

Anything he was attacking on this forum is worth considering to view as a good option for investment.

We need to find out the relation he has with Tamer & Hamis (Sharm Dreamz)for furniture that he is highly recommeding all over the place

Catthecat did you buy through pioneer?

What other site logged on?
 
Posted by CatTheCat (Member # 13508) on :
 
Oh my god - I wish I hadn't said anything in the first place!!!

For the purposes of clarification:

- I originally came on this site because I had a gut feeling (not helped by adverse comments I was receiving from some Egyptians friends living in Sharm) that the off plan development I had signed up to was not as good a deal as I first thought

- Based on the comments I received from a few members of ES (of which Mac was only 1), I decided to go back over to Sharm and relook at my plans

- Whilst in Sharm, Mac spent the best part of a day taking me round various locations (not just his own)and showed me the state that a lot of apartments have been handed over in. He was also very quick to point out any problems with his own completed development!

- Based on timescales being quoted by the agents I was dealing with and as a result of what I saw with my own eyes, I decided my planned investment wasn't quite so hot after all and decided to pull out!

- I have come away from Sharm this time having made the decision to give myself a couple of months breathing space before committing to a purchase. I have not bought from Mac or anyone else.

All my comments are based on direct personal experiences and face to face conversations. I am big enough and ugly enough [Big Grin] to make my own mind up but it is always good to have some impartial guidance. I realise others here see what I do as less than impartial and I respect those peoples' views.

Oh and to Andy Cullers, I think I might be able to put you in touch with people selling at the Millenium if you want to send me a PM
 
Posted by sbln70 (Member # 13711) on :
 
Hi catthecat
I did search on pioneer web site and they are selling in Montazah and Roman theatre I guess that is where Mac showed you?
 
Posted by Des (Member # 9479) on :
 
Minor Nut!! I'm an Aussie , sport! we don't have
class unlike you Poms who "think" you have class
as you can p*ss on anyone you think lower - fur
coat and no knickers spring to mind!! [Big Grin] [Big Grin]
 
Posted by mac0623 (Member # 10529) on :
 
so now we have the side kick back if i speak of someone this must mean i recommend them or give advice you do all the reading you want and you copy where i tell people to go buy from an agent or a shop.
if anyones asks me of tamer then i will gladly point them his way but as to post on the forum buy from him NO,
AS IF YOU READ WELL you will also see i post about several other places aswell.
but i think you will read what you want to see.
HAPPY READING [Eek!] [Eek!] [Eek!]

its seems cat when i give a valid opinion about something it hurts the people iam getting at.
WHICH IS GOOD FOR THE INVESTOR AND HOPFULLY WEED OUT THE SH.T IN SHARM
 
Posted by goodworth (Member # 12338) on :
 
Sbln70
Roman Theatre I visited it
It is a residential area with a small pond they call a pool

I was offered through another agent to buy a resale from an Egyptian lady I believe her name is jian she lives in France(I believe that was her name) who bought a whole building and some of these apt you can not even fit the furniture in and she was desperat to sell
 
Posted by goodworth (Member # 12338) on :
 
Major Nort

We need on this forum a valid honest positive opinions rather than the private agenda that some has
Where did you buy your property?
 
Posted by CatTheCat (Member # 13508) on :
 
Never stepped foot in Roman Theatre! Obviously looked at Montazah to see what's going on there but was more a case of seeing where the problems and unfinished sites are rather than being shown what to buy...

Anyway - I stepping out of this argument now as it's all getting too personal. All the best to you if you haven't bought yet...
 
Posted by mac0623 (Member # 10529) on :
 
GOODWORTH LET ME CLEAR THE AIR FOR YOU IF YOUR A LITTLE CONFUSED

some weeks ago i was in sharm and stopped a furniture deal, why did i stop it,-because the f-ing greed agent didnt give a sh-t about the personalmost demanded they buy from them-THEN I GET INVOLED IN A PROPERTY DEAL- which was halted for a valid reason, so what happens then,

my name is given out to discredit the other people who took the furniture deal saving them 1000s, then the property deal so rightly so was stopped not for my reasons but the buyers,

then because now people have lost 1000s they come to here as my name was clearly given out while i was in sharm, but i just let it go as i knew it would come to the forum, then they gave another name out , which i will not mention, but that back fired on them while i was there.

SLBN70-i have nothing to do with roman theatre only montazah.

so you see everytime ig give my thoughts on something or advice it only hurts them set to lose something.
what we allneed as investors is a more stable market created by agents not lets take them where we can make the best buck ang stuff the buyer,
busuness is simple its only them with zero input and maximum gain that I UPSET

SO WHY DONT YOU LEARN AND MOVE FORWARD
 
Posted by sbln70 (Member # 13711) on :
 
Mac you wrote

what we allneed as investors is a more stable market created by agents not lets take them where we can make the best buck ang stuff the buyer,

Do you mean the agents must take them to buy your property in the expensive Montazah otherwise they are not honest?

This can not be a stable market with people on this chat room attacking every agent and every developer and stress all buyers which is leading to worried customers (market) like catthecat as she mentioned before.
This chat room is to exchange experience but not to lead them to a personal gain

Do you have a personal interest with Tamer & Hamis furniture shop (Sharm Dreamz)that you are promoting highly?
For a change please give us an answer
 
Posted by Major Nort (Member # 13722) on :
 
goodworth i have yet to decide were to buy except montaza were i think i will not like the neighbours
M.N.
 
Posted by young at heart (Member # 10365) on :
 
Can I just bring things back to the subject just briefly. Where is a good place to buy a 1 bedroom apartment at a good price!!
 
Posted by ian475 (Member # 11095) on :
 
sbln70,hello,please let me introduce myself,i am tamers partner in sharmdreamz as a lot of regular contributors to this forum are aware of and as such i will tell you now that mac DOES NOT have a personal interest in sharmdreamz,has it occured to you that he could just plain and simply be a satisfied customer,one of many may i add.
major nort,just because you have some kind of grievance with mac is that any reason to turn your attention to montaza in general,i personaly think your comments are immature and totaly unnecessary.
 
Posted by sharmer2 (Member # 13710) on :
 
Although had reference from Mac re 'not reccomending' any agents in sharm even though in black and white and other posters who have said they have looked at Mac's places from this site 'though he does not promote' guess we have to believe him...... And has no interest in furniture - yet gets all his from sharm dreamz now and so do all his friends...... so maybe by promoting from PM does not count. I have never met a property dealer in my life who is not in it for the money. Only ones are maybe in real third world countries - and doing it for the children etc. I looked at a building a few years ago - unfinished - in Montazah for 600,000 le - 6 2 bed appartments at least - as had 3 friends out who wanted to buy. Didn't go for it as not enough knowledge. But please Mac do not slag others off who you will not name who are just doing exacltly the same as you and making a killing out of buying land or property at a cheap price and selling on for a profit ITS WHAT PROPERTY DEVELOPERS DO - including you and it is up to the individual if they wish to buy from you or elsewhere. Don't know if you think people are ignorant of what you pay and what you sell on for - i don't know as i have never seen your properties - but i do not like your attitude that anyone who seems to know anything is an agent and could not possibly be one of the 'common people' - thank you for your appology and its accepted.

When i lived in sharm sure as eggs are eggs you never recommend anything to anyone who buys without getting something - so you may not have been paid but you would sure have been paid with discounts..............

And as i have said there IS NOTHING WRONG WITH RECOMMENDING PEOPLE AND GETTING COMMISION BY DISCOUNTED PURCHASES - but there is something quite jaded by claiming you do neither - as i have never met western or egyptian who consitantly put clients in contact with a company they themselves used - who got nothing...........

So maybe you need to stop being the 'good fairy' of sharm?
 
Posted by nevermind (Member # 6674) on :
 
quote:
i have never met western or egyptian who consitantly put clients in contact with a company they themselves used - who got nothing...........
[/QB]

[Roll Eyes] [Roll Eyes] hmm... i do it all the time, even all my life [Big Grin] . Am not very rich in material measures, consequently, but I am very happy [Big Grin] [Big Grin] . Try, it's fun!

Maybe Shark's Bay Oasis? I really like the Bay and the houses by pictures are not bad, at least not as boxy as in Roman Theatre or similar. And the view will be great. On the other hand it is kind of cut off from main settlement areas, stuck alone between hotels halfway between Na'ama and airport, so there won't be easy access to services like around Naama or in Nabq. But for holidays it will be quite unbeatable and if driving car or scooter it is not so unthinkable to live there either. It's sharksbayoasis@hotmail.com or +20 693 600450/451/452 or +20 122220722.

For legal advice check out www.sharmwomen.com Forum, we have a lawyer there who regularly writes on real estate issues (no doubt on small selfish intentions of indirect material gain [Eek!] )
 
Posted by Lui (Member # 13485) on :
 
Hi Young at Heart

We have bought 2 apartments in the Sunny Lakes development in Naama bay and are were please with them, went to see them here in June. If you want to know more about the development look at either www.ssqrealestate.com or www.sharmcabana.com
 
Posted by tamer & hamis (Member # 12916) on :
 
hi all,
for the sake of clarification,I would like to give you an idea about ( Sharmdreamz)owners:

i'm Tamer the owner of sharmdreamz & my wife her name is Hamis,
my partner is Ian475 & his wife Gail.
mac is one of the people that we have known and met through the forums.
and if anyone want to know more about Tamer & Hamis and sharmdreaz just visit the other forum(forum.goredsea.com) and you will know who are we?
mac never sorted all his furniture through us , he has only sorted few things through us.
and i have never asked him from where he sorted the rest of his things.
so,from the forums (other one) i met more than 90% of them and they have delt with sharmdreamz and no one of them came by a recommandation from mac.
and in this forum we have also members that deal with sharmdreamz.
so, if there are certain problems or conflicting opiniones, please don't let it include others.
and if anyone have any coments or questions to sharmdreamz please don't hesitate to ask me or Ian and we will be able to answer all your queries.
 
Posted by sammy (Member # 2) on :
 
Good thing there's a delete by date feature. Keep the bickering off the forum so accounts don't get suspended .. use private messaging. thank you ...

So back to the topic .. any good 2 bedroom apartments close to Na'ama or right on the beach?
 
Posted by young at heart (Member # 10365) on :
 
thanks lui, near naama is what im interested in. Good move Sammy!
 
Posted by DRELT (Member # 13732) on :
 
Sammy,

This bickering keeps us all entertained, I log on every night to see how the bun fight is going on, have you deleted any from yesterday, would hate to have missed any.

Also I think its a bit rich deleting some messages here seeing as though if you view the other topics on ES some of the language and personal insults hit very close to the bone, although appreciate you cant read every posting but it seems some regulars are far worse than what we have been experiencing here.

To comment on what Sharmer2, Major Nort, SLBN70, they are only trying to find out the truth about some things going on in Sharm and Mac is only trying to defend himself but has problems writing his replies cause the smoke coming out of his ears obstructs his vision of the keyboard ha ha.

Toodle pip!

I say keep up the entertainment
 
Posted by mac0623 (Member # 10529) on :
 
i think i will make my point when in sharm very soon, drelt stick to the truth only say what you know not what others say i think that best for all concerned and clearly shown on this thread this morning
 
Posted by mac0623 (Member # 10529) on :
 
not a chance on the beach in naama unless rental
 
Posted by ian475 (Member # 11095) on :
 
thanks sammy,look forward to the rest of the info!!!!
dreelt,went beyond close to the bone when slbn introduced a fake pm trying to involve sharmdreamz in the row with mac for whatever reason.
sharmer2,major nort,please keep me or tamer out of it and our business unless you keep to truths,otherwise go for it.
slbn70,i hope now to see the apology to sharmdreamz for your mistake.
veronica,thanks pet.
 
Posted by Major Nort (Member # 13722) on :
 
ian475 i have no problem with any body and i never mentioned sharmdreamz or do i remember did sharmer2
M.N.
 
Posted by ian475 (Member # 11095) on :
 
ok major.
 
Posted by mac0623 (Member # 10529) on :
 
ok guys lets stop this as thier was no point before and none this time does it matter who was fedding who with pm,s just let the readers decide on that, i think if we all thought for a moment and just think who was firing the bullets from out of site.

LOOKS LIKE ITS GOING TO BE SUNNY TODAY.

JUST A QUESTION TO ANYONE READING HAS ANYONE BROUGHT IN THE , WHAT WAS THE HILTON OYOUN NOW THE MILLEMUM OYON AS I WENT BY THIS THE OTHER DAY LOOKS GOOD FROM OUT SIDE JUST THOUGHT WHAT WAS HAPPENING TO THE APARTMENTS ,
WAS GOING TO BUY IN THIER THE VILLAS THAT WENT AROIUND THE POOL, I THINK THEY ARE THE BEST VILLAS IVE SEEN IN SHARM WITH THE BEST FINISH, AND THATS INCLUDING MY OWN FINISH
 
Posted by ian475 (Member # 11095) on :
 
sorry major,i must apologise sincerely for that,having reread what i wrote i can see how it would appear confrontational and that realy wasnt the intention(i was in a rush and i am not the most literate person at the best of times)
i will apologise to sharmer2also as she wasnt the instigator either.hope theres no hard feelings and you are more than welcome to visit sharmdreamz in the future for a chat.
 
Posted by mac0623 (Member # 10529) on :
 
looks like they kept getting deleted sharmer i answered your question on taxes in egypt and about opening a company i hope you done the same when you brought and sold your property.
now this forum and thread is about property where did you buy and sell your property sharmer lets stick to property as you know sharm very well what di you do there and where was your property and where are your side kicks
 
Posted by mac0623 (Member # 10529) on :
 
sharmer wrote

Things change every day in sharm - you can see full staff working and a man in every building - or it can be like a ghost town - it depends on the developers pocket. When they have to bring in cement or other expensive items maybe there are no staff at that time, but all you need to see is that the work is continious - wheather staff or supplies - sometimes they cant do both and its understandable.

IT SEEMS YOUR WEALTH OF KNOLEDGE ON BUIDING WORK IS THE SAME LEVEL AS YOUR POSTS ZERO.


CAN YOU REMEMBER SHARMER WHEN WE HAD ALL THIS OUT BEFORE IT WAS SOME MONTHS AGO EVERYONE IS DYING TOO KNOW WHERE YOU BROUGHT.

SHARMER IT SEEMS YOU ARE UP FOR THE RIGHT THING TO BE DONE.

IF I TOLD YOU THAT THIER IS AN AGENT SELLING IN SHARM AND THE PEOPLE THAT BROUGHT HAVE CONTRACTS WITH OUT THIER NAMES ON AND NOW THE AGENT WILL HAVE NOTHING TO DO WITH THE PEOPLE AND THEY ARE STRUGGLING TO GET THIER APARTMENTS.
WOULD YOU KNOW THIS AGENT OR WHAT WOULD YOUR THOUGHTS BE ON THIS
 
Posted by mac0623 (Member # 10529) on :
 
THATS SOME PROFIT SHARMER 30K TO 65K I HOPE YOU ARE ABOVE BOARD ON THIS AS WE ARE 100% COVERED WITH OUR BOOKS I JUST LOVE IT WHEN THINGS BACK FIRE ON THEM, SO YOU LIVED IN DELTA FOR 4 YRS MADE A LOT OF PROFIT KNOW A LOT ABOUT THE RENTAL MARKET AND THE SALES MARKET IN SHARM TOLD PEOPLE THE BEST PLACES TO RENT LIVE ECT, YES WE HAVE CHATTED BEFORE I REMEMBER YOU WELL YES YOU HAVENT CHANGED
 
Posted by mac0623 (Member # 10529) on :
 
NOW ON A LIGHTER NOTE IS IT GOING TO RAIN TODAY,
I GUESS THE 20.000 WATER CANS I JUST BROUGHT WILL NOT SELL THIS SUMMER
 
Posted by mac0623 (Member # 10529) on :
 
does anyoneone know when the new water parks open in hadaba it looks very good and the front shop areas are very good eating area
 
Posted by DRELT (Member # 13732) on :
 
I was told this water park was only open to hotel residents...this was back in April, if it is the same water park near to sheikh abdullah supermarket.
 
Posted by DRELT (Member # 13732) on :
 
Mind you Mac I should know as being a water park atendant is the only job I am good for ha ha
 
Posted by mac0623 (Member # 10529) on :
 
drelt if it rains anymore we wil all be good at it, what hotel you on about thier is no hotel thier my villa is in front of it well to the side on club marine rd school on the left as you look at it and shops on the right and fantasia behind, now u got me thinking, mind you its hot now sun is out lovely, just off to get daughter out hospital now with twins so rest off my day is taken up
 
Posted by DRELT (Member # 13732) on :
 
Mac
I thought the water park in hadaba was the one with the elephants in front and with a row of shops either side.

I went to the reception in April and was told it is only for use of hotel guests, I thought no more and shot off to Cleo park.
 
Posted by mac0623 (Member # 10529) on :
 
ummm dont know the shops either side are little diners and very good but i think the water park is for all i just dont know hotel thier
 
Posted by Des (Member # 9479) on :
 
[Razz] [Razz] Can only assume that Mac is away!! It really is most boring with nothing happening, no
scandal no insults etc- very BORING!! [Frown] [Frown]
 
Posted by young at heart (Member # 10365) on :
 
Was just thinking the same, nothing like a good soap opera to keep you from being bored!
 
Posted by Zeiad Yehia (Member # 13605) on :
 
Legal Procedures to Purchase a Property in Sharm el Sheikh


Purchasing a property in Sharm el Sheikh is different than purchasing a property in any different location in Egypt, according to the difference in legal status. There was an administrative decree issued by the prime minister of Egypt in 2005, abrogating the context of the previous law issued in 1996. Despite the fact that originally an administrative decree is normally unable to nullify law, but this decree is currently the prevalent decree governing the foreigners’ legal status when it comes to purchasing a property in Sharm el Sheikh. The aforementioned decree states that foreigner purchasers in Sharm el Sheikh may not be granted the right to be "landlords" on the properties they purchase, but only would have the "Leasehold" right, for the maximum time of 99 years. Some people believe that purchases are "Freehold" purchases, and since the term "Freehold" originally applies to the right to enjoy a property and all its advantages for good, in addition to the right of disposal, either physical or legal disposal, and since the decree has stated the maximum limit of freehold as 99 years, therefore – legally talking – it is NOT freehold, and not exactly leasehold, it is better to be rephrased to "Usufruct". Usufruct is the best description for the current real estate sales legal name involving foreigners in Sharm el Sheikh, and it, consequently, raises many questions concerning registration of the sale.

Definitions of usufruct on the Web:
• The right to enjoy other goods with the obligation to preserve them, except where the law authorizes otherwise.
www.gruposantander.com/pagina/indice/0,,659_3_2,00.html
• (Legal-Civil Law) The right of enjoying a thing, the property of which is vested in another, and to draw from the same all the profit, utility, and advantage which it may produce, provided it be without altering the substance of the thing. For example, in Nevada, the state's water belongs to the people, but is permitted, through the water rights permitting process, to be used beneficially by other individuals or entities.
www.nalms.org/glossary/lkword_u.htm
• A legal term from the Roman Empire (in Latin, usufructus), meaning "using the fruit" of land claimed by the State without injuring or destroying the ecological infrastructure.
www.maquah.net/We_Have_The_Right_To_Exist/WeHaveTheRight_26Glossary.html
• Usufruct is the legal right to use and derive profit from property that belongs to another person, as long as the property is not damaged. In many legal systems of property, buyers of property may only purchase the usufruct of the property.
en.wikipedia.org/wiki/Usufruct

Property Ownership in Law

The ownership of land by foreigners is governed by three laws: Law No. 15 of 1963, Law No. 143 of 1981 and Law No. 230 of 1996.
Law No. 15 of 1963
Law No. 15 and its amendments (Law 104 of 1985) provides that no foreigners, whether natural or legal persons, may acquire agricultural land.
Law No. 143 of 1981
Law No. 143 and its amendments (55/1988, 205/1991, & 96/1995) governs the acquisition and ownership of desert land. Certain limits are placed on the number of feddans (one feddan is equal to approximately one hectare) that may be owned by individuals, families, co-operatives, partnerships and corporations. Partnerships are permitted to own 10,000 feddans, provided that the individual shall not own more then 150 feddans. Joint stock companies are permitted to own 50,000 feddans.
Partnerships and joint stock companies may own desert land within these limits even if foreign partners or shareholders are involved, provided that at least 51 percent of the capital is owned by Egyptians. However, upon liquidation of the company, the land must revert to Egyptians. Article 1 of Law No. 143 defines desert land as the land two kilometers outside the border of the city.
Further, the lease of such land for more than a period of 50 years shall also be considered to be ownership under Law 143. Despite the fact that companies which were formed under the Investment Law No. 8/1997 do not require Egyptian participation, companies that undertake projects over desert land must be owned in their majority by Egyptians. According to the law 55 of 1988, the President of the Republic may decide to treat Arab nationals as Egyptian nationals for purposes of this law.


Law No. 230 of 1996
On July 14, Law No. 230 of 1996 was issued superseding Law No. 56 of 1988. The new law allows non-Egyptians to own real estate whether built or vacant with the following conditions:
1. That ownership be limited to only two real estate properties throughout Egypt for accommodation purposes of the person and his family (family meaning spouses and minors), in addition to the right to own real estate needed for activities licensed by the Egyptian Government.
2. That the area of each real estate not be in excess of four thousand square meters.
3. That the real estate is not a historical site.
Exemption from first and second conditions is subject to the approval of the Prime Minister. Ownership in tourist areas and new communities is subject to conditions established by the Cabinet of Ministers.
Furthermore, non-Egyptians owning vacant real estate in Egypt must build within a period of five years from the date their ownership is effective (the date on which the realty is recorded at the competent Notary Public Office). Non-Egyptians may only sell their real estate five years after registration of ownership, unless the consent of the Prime Minister is obtained.


Registration, in principle, is this process done in the notary office, to register your sale contract, as a deed, and a proof of owning a property. Since the aforementioned decree stated that foreigners are not granted the rights to be landlord, then it is not allowed for foreigners to register their properties, while practically, even Egyptians are not allowed to register their properties in Sharm el Sheikh. Therefore there has been an urgent need to find an alternative legal method to suit the new status of foreigners in Sharm post the prime minister's decree.

The only option available for foreigner purchasers in Sharm el Sheikh is a legal suit called "Signature Validity". Signature Validity legal suit, however, is a legal suit aims to obtain a court verdict, stating that the signature of the seller in a sale / usufruct contract, is truly theirs. This legal suit, however, DOES NOT touch on the origin of right, or in other words; it is non-concerned about neither who is the current owner of the property, nor who was the previous owner, but is only concerned about the belonging of the signature to the seller, and therefore is a mere precautionary legal suit. This legal suit, however, is the common suit used for sales and usufructs in Sharm el Sheikh, and it has a legal value after all, despite the fact of not being as valuable and authenticated as registration.


Purchasers should take the following procedures into their consideration while purchasing a property in Sharm el Sheikh:


A) Obtaining a real estate certificate and a tax certificate for the property:
Purchaser's lawyer should obtain a "NEGATIVE" certificate for the property from the government, stating that there are no mortgages, pledges, or any other sort of rights arranged to any other party on the desired property. The certificate must be governmental and stamped with the official stamp of the state. Also a certificate must be obtained from the tax authorities determining the exact due taxes on the desired property. There has been a wide-spread myth stating that there are no taxes due on Sharm el Sheikh's properties. The truth, however, is that THERE ARE taxes estimated on each property in Sharm el Sheikh. Those taxes vary in value according to the original usage of the property. Purchasers are requested to consult their lawyer in order to handle the taxes issue. Taxes can be reduced to almost 60 EGP in case if the property is used for the sole purpose of residence, while these taxes would be higher in case if the property was used for the purpose of renting out.

B) Articulating a precise and bilingual sale / usufruct contract:
Sale / Usufruct is actually all about the contract, and therefore it is imperative for a purchaser to have a precise and detailed contract, defining the property boundaries in a definitive manner, purchase price, how did the property evolved to the previous owner, method of payment…etc.
This contract should be articulated in both Arabic and English languages, and it must be taken into consideration that the only authenticated and recognized language in courts is the Arabic language, and consequently English is used for the mere purpose of guidance. Here is a golden advice: NEVER sign a contract which was articulated only in English or any other languages than Arabic when it comes to purchase a property in Egypt, or you will be in serious risk.

C) Authenticating Sale / Usufruct Contract:
Prior to the point of authenticating Sale / Usufruct contract, purchasers are required to issue a power of attorney to their lawyer, in order to be able to act on their behalf in courts. Power of attorney, however, requires the purchaser "Principal" to obtain a multi-entry visa from El Tur city, which is located not far from Sharm el Sheikh, and where all the governmental utilities for Sharm el Sheikh's area are located. After obtaining the power of attorney from the notary office, the lawyer is responsible for establishing the signature validity legal suit. This legal suit takes between 6-8 months before obtaining the final verdict from the court.

These were simply the imperative steps needed to purchase a real estate property in Sharm el Sheikh, which in practice are not any different between Egyptians and foreigners, Except for the fact that Egyptians are entitled to choose between having a sale or usufruct contract, while foreigners have the sole choice of having a usufruct contract.

Appendix

It must be mentioned that Egypt has replaced its old method of registration – out of Sharm el Sheikh – for taking a percent equals to 3% of the purchase price as fees for notarizing a contract. The new policy is to take a certain amount of funds not exceeding 2000 EGP as fees for the registration process, regardless of the purchase price of the sold property. It must also be emphasized that other types of legal suits which purpose to prove the transfer the ownership are unavailable due to some legal hazards i.e. Contract Validity legal suit. This legal suit is available only in case if the seller has registered his property, or obtained a contract validity legal verdict on it, and be SELLER here I mean each seller in the evolution of deed, which is unfortunately not the practical case of Sharm, furthermore, the state collects fees equal to 7.5% for this type of legal suits, and it can take long time in courts, and by long time here I mean 2 years average. There is NO PERCENT taken by the government for the signature validity legal suit, but only administrative fees, which shall be included in the attorney fees.

UPDATE: Please read the "New Prime Minister's Decree" thread to know more about the most recent update to the legal status of property purchases in Sharm el Sheikh "Company concerned, regardless of nationality".


Zeiad Yehia
Head of Legal Department
City and Urban International
Gendy Mall, King of Bahrain St., 2nd Floor,
Neama Bay, Sharm el Sheikh,
South Sinai, Egypt.
Telephone: +20 69 3601515
Fax: +20 69 3601520
Cellular: +20 12 3344988
www.cui-egypt.com
 
Posted by brissitta (Member # 4693) on :
 
DO Americans live there and if so is there work for american women in sharm?
 
Posted by Zeiad Yehia (Member # 13605) on :
 
There is work for anyone in Sharm, Americans or not. It depends on other criteria actually i.e. qualifications, experience, personality...etc.
 
Posted by auntie (Member # 9790) on :
 
anyone any news about either Sharm Dreams and Sunny Lakes handover?
 
Posted by amanir (Member # 11410) on :
 
--------------------------------------------------------------------------------
Hi all, [Smile]
I am writing this because I felt that some people in this forum might like to have some success stories in buying property in Sharm El Shiekh as most of what we hear in this forum can be negative.. I also like to be fair and say it when things are good. I am not expecting anything from this letter and I am not an agent.

I just got back from Sharm.. having bought an apartment at Sierra Resort with the help of Amr with the support of his boss Tarek and his team at Sharm El Sheikh Real Estate . Initial contact took place only via emails initially. Amr was so open and honest from the start. I never had a time to worry or misunderstand thanks to his communicative and professional approach in addition to his experience in all these legal issues. I managed a holiday to Sharm and it was good to see the site as well. To my surprise, I also saw more than the site I actually climbed the stairs to my apartment and stood proudly taking photos of the rooms and the surrounding area, then we were shown other apartments with furniture and all. I then went to the office opposite El Pacha and signed the contract with no fuss or misunderstanding.. there I met with all the staff who served me through the phone or email .. and I also met with their wonderful boss “Tarek” who impressed me with his honesty and professionalism not to mention his language skills .. (he was on the phone chatting with a client with both English and French (I know he is fluent as I speak a bit of French myself as well) .. I was really pleased to get to know these people I felt they treated me like a very good friend and they were keen to help me. I signed my contract and paid the first %25. I really wish that all of you have a good experience like mine .
 
Posted by mac0623 (Member # 10529) on :
 
i will be thier in the next few days if your about
 
Posted by Dahab Property (Member # 15059) on :
 
quote:
Originally posted by mac0623:
as we british are not that stupid.

Ah come on Mac, be honest [Big Grin]

So does anyone know anything about properties in Dahab. I would like to buy a place there and looking for information on where to find listings of properties.
I also am curious about financing as I'm a poor fella just looking for a quite place to in the sun [Smile]

cheers
 
Posted by mac0623 (Member # 10529) on :
 
dahb is very cheap to buy we waas looking at land thier very cheap as for property not sure on value per sqr mtr and building costs , as for finace/mortgages these will come soon as now at last the goverment have agreed there is a need to change like other gulf states, but this will increase the market value
 
Posted by queenie (Member # 14221) on :
 
Hi Dahabproperty

See here http://www.totallyproperty.com/egypt-property/6847-legal-procedures-purchase-property-egypt.html where Zeiad advises against buying in Dahab.
 
Posted by Dahab Property (Member # 15059) on :
 
Thanks
 
Posted by sharmcliff resident (Member # 14748) on :
 
We wish we could have said we had a good experience with buying off-plan real estate in Sharm.
Have a look at:

http://sharmciff.info
 
Posted by enwild (Member # 17230) on :
 
Hello,

I've noticed that the El Hayat development has been mentioned earlier in this thread. Has anyone else had problems receiving their rent? So far I haven't received a penny and the resort has been open for over a year now. There's a thread at the following url:
http://www.propertycommunity.com/forum/egypt-property/14284-el-hayat-sharm-owners-forum.html
 
Posted by Jake1081 (Member # 17204) on :
 
KISS YOUR INVESTMENT MONEY GOODBY......THEY ARE SLY PEOPLE............lol
 
Posted by mac0623 (Member # 10529) on :
 
I've noticed that the El Hayat development has been mentioned earlier in this thread. Has anyone else had problems receiving their rent? So far I haven't received a penny and the resort has been open for over a year now. There's a thread at the following url:
http://www.propertycommunity.com/forum/egypt-property/14284-el-hayat-sharm-owners-forum.html ..

talking with other owners of this resort and they are saying the same i think the youner brother of the developer is forcing people to pay money for no reason then it doesnt get passed on to the owners,
also a lot of court actions aginst the owners
 
Posted by thomascaelyn (Member # 17489) on :
 
For the development of our house you need to spend some money to make it as your dream house.So I would suggest to take a loan and then start interior designing so that it become your dream house.


negligence claims
 
Posted by joncardial (Member # 17603) on :
 
Great information found..
I wanna buy a property at sharm..Thanks for sharing this..
 
Posted by Mazigh. (Member # 17579) on :
 
How much would it cost for me to buy the dessert and BMW Camel four seater.

Ive been looking into buying that piece of propety for some years. And I've heard (Just telling you what I heard) Camels are just as reliable as a BMW over there.

I got abot .30 cents in the bank, and ill be gettin about a dollar fifty tomorrora.

Hit me up with some offers!
Money isnt a problem.
 
Posted by Carrick2 (Member # 17628) on :
 
Can anyone suggest me another place in Egypt apart from sharm to buy a flat..
 
Posted by Cheekyferret (Member # 15263) on :
 
Check out Hurghada, El Gouna, Ain Sokhna, Sinai Peninsular, Taba... Just do a Google search and you will find numerous of places.

It all depends what you are after... sea, sand, sports, respite, golf...

If you are looking in cairo for business reasons look at Maadi and Heliopolis as they both accommodate for expats quite sufficiently.
 
Posted by Dubai Girl (Member # 15488) on :
 
quote:
Originally posted by Carrick2:
Can anyone suggest me another place in Egypt apart from sharm to buy a flat..

I have an apartment in New Cairo in a place called Golf City. It's about 20 mins outside Heliopolis and it's on the Cairo - Ishmailia Desert Road. It's a lovely location, gated community, overlooks a golf course (hence the name [Big Grin] ) very green, very quiet and spacious. There is a bunch of shops and restaurants including Carrefour right near it and also a shopping mall all of which just opened in the last year or so.

It's mostly villas but they do have apartments for sale.

This link is for the website for the Amarante Golf Club and Resort. There are some flash images on the home page and you can see the white stucco style apartments overlooking the golf course.

http://www.amarantegolfcity.com/
 
Posted by Caleb (Member # 17664) on :
 
What would be the best business in Egypt can you pls share few ideas..
 
Posted by Kendrick5 (Member # 17665) on :
 
As it has a great demand you're offered a wide range of Apartments in Sharm El Sheikh. So, the choose the right one..
Good luck..!
 
Posted by sherribaby (Member # 15378) on :
 
We have a beautiful 2 bedroom apartment on Riviera Sharm, its 10mins walk from Naama Bay. Overlooks beautiful swimming pool on complex and has supermarket gym etc onsite. Very quiet complex and always a sunbed available!!!

We pay £200 maintainence fees a year, thats it!!! Seems many newer properties appear to be adding hefty fees these days.....hahaa we bartered over these and got our good deal... nothing changes!!!
 
Posted by maxman (Member # 12150) on :
 
Hello guys...
Would anyone know Whats the average price in sharm for:
1)a studio apartment.
2) a 2 bedroom flat
3)villa(own compound)

Cheers!!! [Big Grin] [Big Grin] [Big Grin]
 
Posted by winstonterr (Member # 18240) on :
 
Hi,
I'm considering buying an apartment or flat but I've heard that they can be harder to sell than houses. Is this true? Does having other homes in the same apartment building as yours cause a problem when trying to sell?
_________________________________________
apartments Barcelona
 
Posted by Expat Service (Member # 17922) on :
 
Post free classifieds at Expats' Guide www.expats-guide.com
 
Posted by johnbazon (Member # 19906) on :
 
Hi all...,

I'm newbie to this site. I am from Singapore.
I don't have much knowledge but would like to gain & share whatever I have. As everybody knows that nowadays forums are the best source of Knowledge, and through forums we can learn a lot.
Hope we get to meet here, and talked about cool stuffs about our passions and if there's any concerns you think i could answer, please do leave me a message.


famous paris cafes, paris restaurant menu
 
Posted by rooproyee (Member # 20011) on :
 
I'm from the UK a small 1 bed room apartment currently being built by Sinai Property Services in Sharm el-Sheikh. It is very nice experience to me.

used cars, cars for sale, used cars for sale
 


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