Real Estate Development in Greece

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10 Questions

What is the minimum price for a two-bedroom chalet in The Wave Plage and The Greek Plage?

8.8 million EGP

What is the payment method for EOIs?

Visa, online payment via Pay Mob, or cash

How many years will the installments be spread over post-contract signing?

8 years

What is the EOI payment amount for townhouses, twin houses, and villas?

150,000 EGP

When will the delivery of fully finished units take place?

4 years

What is the total size of the project space at Plage?

900 Acres

What is a unique feature of Wave Plage?

100% Sea View Villas

What is the length of the Sandy Beach at Greek Plage?

9.5km

What type of community is Wave Plage?

Villa Only Community

What is the size of the Sandy Swimmable Lagoon at Plage?

14 Acres

Study Notes

Project Overview

  • The project spans 330 acres and consists of two phases: The Wave Plage and The Greek Plage.

Unit Prices

  • 2-bedroom chalet: 107 m², 8.8 million EGP
  • 2-bedroom chalet with garden: 107 m², 9.9 million EGP
  • 3-bedroom chalet: 125 m², 10.2 million EGP
  • 3-bedroom chalet with garden: 125 m², 11.9 million EGP
  • 3-bedroom penthouse: 155 m², 11.9 million EGP
  • Rooftop beach house: 145 m², 13.3 million EGP
  • Beach house with garden: 150 m², 14.5 million EGP
  • Seaview townhouse: 185 m², 17.5 million EGP
  • Seaside twin house: 190 m², 25 million EGP
  • Beachfront villa: 250 m², 41.5 million EGP
  • Seafront villa: 320 m², 50 million EGP

Payment Terms

  • Methods of payment: Cash, Visa, or online payment via Pay Mob
  • Expression of Interest (EOI) payment:
    • 100,000 EGP for chalets and beach houses
    • 150,000 EGP for townhouses, twin houses, and villas

Payment Plan

  • 5% down payment upon contract signing
  • 5% after 3 months, followed by installments over 8 years post-contract signing
  • Delivery in 4 years
  • Fully finished units

Plage Location and Overview

  • Located at kilo 120, Sidi Ab del Rahman
  • Total project space of 900 acres, with an initial launch of 329 acres

Wave Plage

  • Covers an area of 65 acres
  • Features 100% Sea View Villas
  • A villa-only community with proximity to the sea
  • An exclusive gated community with amenities like
    • Seafront hotel
    • Golden Walk
    • Barefoot Valleys
    • Beach Promenade
    • The Wave Beach Club
    • Surfing Experience

Greek Plage

  • Spreads over an area of 264 acres
  • Features 12 Feddan swimmable lagoons
  • Boasts a 9.5 km long sandy beach
  • Comprises gated boutique communities with amenities like
    • The Blue Club
    • Boutique Hotels
    • The Lighthouse

This quiz introduces two phases of a real estate development project in Greece, featuring various types of chalets and beach houses with varying prices and acres.

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