Tiba View

Tiba View

Tiba View

Overview

Tiba View is one of the very latest projects to be launched in the Red Sea area. The resort is brought to you by an established award winning developer who has already completed 12 previous builds in Hurghada.  Rivermead Global have been working with these developers for over 6 years and we have recently opened and operating the cafe on the last resort they completed and we will be opening the onsite mini-market in early 2018.  We hope to also open and operate the cafe and mini-market on Tiba View as well once completed and opened.

Tiba View offers a whole host of onsite facilities; Gymnasium, Restaurant, Coffee Shop, Mini Market and much much more. Combine this with the 5 large swimming pools, roof terrace with sun loungers and the location just 3 minutes from the luxury of El Gouna and 400m to the beach.. Tiba View is an ideal holiday home/permanent home. Rivermead Global Ltd have also teamed up with a local Kite School (Play kite) which is just a few hundred meters away from Tiba View and we are able to offer 15% discounts on kitting packages for our rental guests and clients.

Tiba View has been designed to be mainly Studio apartments and this is because on previous developments Rivermead Global Ltd have been experts at joining apartments together to create larger bespoke 1, 2, 3 or 4 bed apartments.  We have sold over 50 apartments on Tiba View in just 2017 alone and many of our clients have bought multiple units to join together from 2 up to 5 apartments so far, we are now waiting for the 6+ next 🙂 !

Prices from

Studio 34m2 (Gross) from just £8,925

Sea View Studio 36m2 (Gross) from £11,815

1 bed 64m2 (Gross) apartment just £16,800

1 bed 66m2 (Gross) pool view apartment just £19,495

2 bed 76m2 (Gross) apartment just £22,445

Payment Plan

Not only are the prices of the apartments at Tiba View so affordable, you also benefit from being able to spread the cost in interest free payments until June 2021!

Reservation Fee – £600 (this is refundable for 28 days)

30% (minus reservation) on contract

50% paid paid in installments until June 2021- (paid quarterly)

20% paid on completion (30/06/2019)

Special Offers available from Rivermead Global

At the moment we are currently offering a huge 25% discount on cash purchases in GBP, EUR and USD due to the current exchange rate however, we have been informed that they will take this away once the currency settles again and either with very little or no notice. So now is a great time to be buying if you do decide to pay cash on contract.

Gallery

Additional buying costs

Independent Solicitor – The solicitor we recommend charges just £500 for his services. These include resort due diligence, contract review and amendments and the signature validation.
Connection to utilities – 1500 LE approx (approx £75 at today’s rates) paid on collecting the keys
Maintenance – The annual maintenance fee covers the maintenance and management of the communal areas such as the cleaning of the pool, the hallways, gardens, lift maintenance, development lighting etc… To ensure payment is made and the maintenance doesn’t suffer from non payers the maintenance fees are paid in one payment on getting the keys and that is all you pay for the time you own the apartment.  Due to the various sizes the maintenance fees are calculated per m2 as follows:

700le per m2, so if you own a 34m2 (Gross) studio you would pay a one off maintenance fee of – 23,800le which is approximately £1,034 (as of Dec 2017).

Most developers are now doing this and it makes so much sense, you don’t have any annual increases, you don’t have the hassle of transferring fees once a year and the associated bank charges, and when you sell the property you just add the maintenance fee to the price and get your money back so in essence you aren’t paying any maintenance fees.

Completion Schedule

The completion date is June 2019, all their previous 12 developments have been completed on schedule and on our latest visit Dec 2017 they are looking to be on track or slightly ahead of schedule again.

Location

Here is a link to a Google Map showing the exact location – https://goo.gl/maps/XFPyS3aVgFJ2

As with all our developments we will be sending owner’s monthly updates with photos and videos plus we have an Tiba View Facebook Page and an Owners Page, please go and LIKE this page as we will be uploading new photos and videos to it:

https://www.facebook.com/tibaview/

We have our own team on the ground in Hurghada and we can arrange to show you any of our fantastic developments including Tiba View, plus give you a tour of Hurghada if you are not very familiar with it.  All you need to do is contact us below or click on any of the apartment links above and let us know which one you are interested in, it is as easy as that, we can then email you the plans/payment terms/photos or anything else you require.

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About the author: Neil Hollingsworth

Neil left school in 1987 and joined the Royal Air Force (RAF) as a Survival Equipment Fitter, travelling round the world with tours in Northern Ireland, Falkland Islands, Cyprus and Iraq to name a few. In 2005 the government cut the armed forces and Neil had the opportunity to take voluntary redundancy, on leaving he went to work for a UK estate agent before moving on and setting up Rivermead Global. If you are looking at buying a property in Egypt or Turkey you have come to the right people.