EDAR Bay Investments Real Estate

2, Aqua Park, El Khazan Street, Hadaba, Sharm El Sheikh, Egypt

Telephone: (002) 010 415 0582E-Mail: cheryl@e-dar.com

Horizon View Heights

Residential Development located in Nabq Bay, Sharm El Sheikh, Egypt

The Arab Republic of Egypt is a country in north Africa with a population of 76.5 million people. Egypt The 16th most populous country in the world, the vast majority of its residents live near or on the banks of the Nile River, where the country’s only arable land can be found.

Around half of its population live in urban areas centering around Cairo, Alexandria and other towns in the Nile Delta.

The country includes the Sinai Peninsula - a land bridge that connects Asia to Africa. It has borders with Libya to the west, Sudan to the south and Israel and the Gaza Strip to the east. The northern coast borders on the Mediterranean Sea, while the eastern coast is situated on the Red Sea. Sharm el sheikh is now a booming tourist city with everything for all the family.

Egypt is one of the best countries in the world for divers with amazing coral reefs and tropical under water life. Sharm also offers beautiful sandy beaches, water sports, excursions and nightlife. And not forgetting summer temperatures all year round! It is not hard to understand why so many people are investing in property in Sharm El Sheikh, even throughout the financial crisis worldwide, Egypt still remain a hot spot for high investments.

Sharm El-Sheikh International Airport has been developed and expanded to receive big aircraft and the steady increase in the number of flights; it is accommodating now 1200 passenger/hour.

The port of Sharm El-Sheikh, which can accommodate different types of vessels, played an essential role in connecting the city with the world, besides smaller local ports for diving boats.

.Welcome to Sharm El Sheikh, Egypt

Horizon View Heights

The project consists of twelve individual apartment blocks, and will have a maximum height of only three floors per block, optimizing views from all floors

Location: Horizon View Heights project holds prime location on Nabq bay’s second highest point boasting stunning views of the Red Sea, Sinai Mountain Range and Nabq National Park

Land Size: 20,000 square meters

Commercial: The project will have luscious green landscaped communal areas, a large swimming pool with separate children's pool and play area. The commercial centre will have a supermarket and pharmacy, wine bar and restaurant among many other services

Leisure: If your feeling fit then why not make use of the on site fully equipt clubhouse, gymnasium and spa. Offering a wide range of sporting activities and pampering packages.

Your on site shuttle bus is available to take you to the projects private beach and the nearby 18 hole championship golf course, not to mention shopping malls and an abundance of local activities and amenities

Horizon View Heights

Residential Development located in Nabq Bay, Sharm El Sheikh, Egypt

.Developer & Investment Details

The project is designed by European architects, who follow the projects from start to finish and are committed to deliver on time.

The project conforms to European construction and hygiene standards and respects all Egyptian regulations. Horizon View Heights will have the feeling of Mediterranean paradise with natural colorings and wooden beams, soft rounded edges and rich bright gardens.

Designed to blend in with our natural surroundings of the Sinai desert, Horizon View Heights will be colored cream and sand. The construction has already started, and the construction will be completed by June 2010.

Real estate investment still remains the most secure and profitable investment, compared to stocks and bonds. It is a fact that that property in the Red Sea has a very interesting return on capital.

Some sources state, and we are witness to the fact, that after 2 years on certain residential resorts there has been an increase in value equal to 50%.

Lets not forget that the fiscal laws in Egypt are paradise compared to Europe. A factor that is not to be underestimated and which is pushing more and more foreigners to purchase not only as a second or holiday home but as pure investment as well. In Egypt there is no capital gains tax and no vat or property tax for foreigners.

The last 3 years Sharm el Sheikh has seen a large increase in the demand for long term, as well as short term rentals which guarantee a stable annual income for the investor. Prices of property in Sharm El Sheikh are notably lower than those in Europe and with constant annual growth, thanks to the investment boom surrounding the Red Sea, prices are set to keep increasing in the future.

Some of the more important financial newspapers have published some very interesting articles on the matter. One only needs to come to Sharm to realize the potential for themselves. On purchasing a property through El Khyat, all contracts are officially translated into the purchasers mother tongue, with legal advice available giving you, the investor peace of mind.

.General Perspective Layout

.Real Life Location Images

Due to the location of the project land – most properties enjoy a beautiful view of the Sea, mountain, Tiran Island and/or swimming pools

.Planned Project Facilities

Reception & Kitchen: Each unit has been designed with you in mind. Enjoy relaxing in your large living room with modern American style fitted kitchen to European standard.

Bedroom/s & Bathroom: Spacious bedrooms offering fantastic views from the large tinted windows and your bathrooms include modern European ceramics and finishing.

Interior/Exterior: Interior and exterior finishing's are of a European standard and particular attention is paid to the bathroom and kitchen areas, with many large windows throughout the apartment providing ample natural light and ambience.

Additional Advantages: All the units will have access points for air conditioning, telephone and satellite television, including WIFI.

Facilities: The surrounding area of the complex will have private parking and access road with security, and lighting, offering easy and direct access to your door.

Planned Resort Facilities are as follows

Suitable for Families, children and the elderly Main Swimming pool and children’s poolPrivate/communal landscaped gardens Large commercial areaParking facilities 24 hour security and management officeInternet access 24hr porter serviceRental opportunity Satellite televisionShuttle bus service Beach Access

.Property Sizes available & General Floor Plan

The project consists of studio properties, one bedroom and two bedroom apartments:

Studio properties: Available from 40 square meters to 65 square metersOne bedroom apartments: Available from 58 square meters to 72 square metersTwo bedroom apartments: Available at 89 square meters

Private roof terrace area available – charged separately

Typical Apartment Layout

.Financial Details

Additional Details

Roof Terrace: Private roof terrace areas are sold separately at 40 square meters65,000 Egyptian Pounds in total

Payment Terms: 50% deposit required on signing of the contract (negotiable)Installments paid quarterly with the last installment being made June 2010

Property Delivery Date: June 2010

FROM 16TH AUGUST FOR ONLY 4 WEEKS THE PRICE PER SQUARE METER IS ONLY 4500 LE

PROPERTIES NOW AVAILABLE FOR ONLY 185,000 EGYPTIAN POUNDSCONTACT EDAR BAY INVESTMENTS FOR MORE DETAILS

Cheryl WilsonExecutive ManagerEDAR Bay Investments

Office Address: 2, Aqua Park, El Khazan Street, HadabaSharm El Sheikh, Egypt

Telephone: (002) 010 415 0582

E-Mail: cheryl@e-dar.com

Website: www.e-dar.com

.For further details,Please Contact