Coral Coves
Starting from
EGP 15,120,000
Payment plans
-
8 Years
- Tenor
- 8 yrs
- Down payment
- 5%
- Second payment
- 5% · after 6 months
- Installments
- 30× quarterly
8 Years + 5% DP + 5% After 6 Months + 30 Equal Quarter Installments
-
5 Years
- Tenor
- 5 yrs
- Down payment
- 5%
- Second payment
- 5% · after 3 months
- Installments
- 18× quarterly
5 Years + 5% DP + 5% After 3 Months + 18 Equal Quarter Installments
-
8 Years Payment Plan
- Tenor
- 8 yrs
- Down payment
- 5%
- Second payment
- 5% · after 6 months
- Installments
- quarterly
8 Years + 5% DP + 5% after 6 months + equal quarterly installments
-
5 Years Payment Plan
- Tenor
- 5 yrs
- Down payment
- 5%
- Second payment
- 5% · after 6 months
- Installments
- quarterly
5 Years + 5% DP + 5% after 6 months + equal quarterly installments (limited-time offer: 20% discount from 8-year price)
-
5 Years — 5% + 5% after 3 months
- Tenor
- 5 yrs
- Down payment
- 5%
- Second payment
- 5% · after 3 months
- Installments
- 19× quarterly
5 Years + 5% Dp + 5% After 3 Months + 19 Equal Installment
-
8 Years — 5% + 5% after 3 months
- Tenor
- 8 yrs
- Down payment
- 5%
- Second payment
- 5% · after 3 months
- Installments
- 31× quarterly
8 Years + 5% Dp + 5% After 3 Months + 31 Equal Installment
Unit types
2-Bedroom apartment: 2 BR · Price on application
Apartment 2br: 2 BR · 100–115 m² · From EGP 15,120,000
Terrace Chalet A: 2 BR · 135 m² · From EGP 24,480,000
Terrace Chalet B: 2 BR · 120 m² · From EGP 24,320,000
Villa 1a: 3 BR · 210 m² · From EGP 70,160,000
Villa Standalone: 3 BR · 180 m² · From EGP 45,120,000
Price list
All prices in EGP.
| Unit type | Cash | 8 Years | 8 Years Payment Plan | 5 Years Payment Plan | 5 Years — 5% + 5% after 3 months | 8 Years — 5% + 5% after 3 months |
|---|---|---|---|---|---|---|
| 2-Bedroom apartment | — | 18.9M | 18.9M | 15.1M | — | — |
| Apartment 2br | 13.2M | — | — | — | 15.1M down 756,000 · 716,211/inst × 19 | 18.9M down 945,000 · 548,710/inst × 31 |
| Terrace Chalet A | 21.4M | — | — | — | 24.5M down 1.2M · 1.2M/inst × 19 | 30.6M down 1.5M · 888,387/inst × 31 |
| Terrace Chalet B | 21.3M | — | — | — | 24.3M down 1.2M · 1.2M/inst × 19 | 30.4M down 1.5M · 882,581/inst × 31 |
| Villa 1a | 61.4M | — | — | — | 70.2M down 3.5M · 3.3M/inst × 19 | 87.7M down 4.4M · 2.5M/inst × 31 |
| Villa Standalone | 39.5M | — | — | — | 45.1M down 2.3M · 2.1M/inst × 19 | 56.4M down 2.8M · 1.6M/inst × 31 |
Fees
| Fee | Kind | Amount | Basis | Timing |
|---|---|---|---|---|
| Water & Electric Meters (no garden) | utility | 1,400 USD | one-time | due within 15 days after reservation |
| Water & Electric Meters (with garden) | utility | 2,100 USD | one-time | due within 15 days after reservation |
| Yearly Maintenance Fee | maintenance | 12 USD | per sqm BUA per year | due 6 months after contract date + next 1 year after delivery |
| Sports' Club Membership (cash) | membership | 400,000 EGP | one-time | — |
| Sports' Club Membership (installments over 2 years) | membership | 500,000 EGP | over 2 years | — |
| Sports' Club Membership (installments over 3 years) | membership | 600,000 EGP | over 3 years | — |
| Sports' Club Membership (cash) - mandatory | club subscription | 400,000 EGP | one-time | — |
| Sports' Club Membership (installments over 2 years) - mandatory | club subscription | 500,000 EGP | installments | over 2 years |
| Sports' Club Membership (installments over 3 years) - mandatory | club subscription | 600,000 EGP | installments | over 3 years |
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Common questions
Who is the developer of Coral Coves?
Coral Coves is developed by Somabay.
Where is Coral Coves located?
Coral Coves is located in Red Sea, Egypt, within Somabay.
What unit types are available at Coral Coves?
Coral Coves offers the following unit types: 2-Bedroom apartment (2 bedrooms), Apartment 2br (2 bedrooms), Terrace Chalet A (2 bedrooms), Terrace Chalet B (2 bedrooms), Villa 1a (3 bedrooms), Villa Standalone (3 bedrooms).
What is the starting price at Coral Coves?
Coral Coves starts from 15.1M EGP.
What payment plans are available at Coral Coves?
Coral Coves offers the following payment plans: 8 Years — 8-year tenor, 5% down payment, 5% second payment (after 6 months), 30 quarterly installments; 5 Years — 5-year tenor, 5% down payment, 5% second payment (after 3 months), 18 quarterly installments; 8 Years Payment Plan — 8-year tenor, 5% down payment, 5% second payment (after 6 months), quarterly installments; 5 Years Payment Plan — 5-year tenor, 5% down payment, 5% second payment (after 6 months), quarterly installments; 5 Years — 5% + 5% after 3 months — 5-year tenor, 5% down payment, 5% second payment (after 3 months), 19 quarterly installments; 8 Years — 5% + 5% after 3 months — 8-year tenor, 5% down payment, 5% second payment (after 3 months), 31 quarterly installments.
What is the cash price at Coral Coves?
Cash prices at Coral Coves: Apartment 2br: 13.2M EGP; Terrace Chalet A: 21.4M EGP; Terrace Chalet B: 21.3M EGP; Villa 1a: 61.4M EGP; Villa Standalone: 39.5M EGP.
How much is a 2-Bedroom apartment at Coral Coves?
At Coral Coves, a 2-Bedroom apartment is priced as follows — 8 Years: 18.9M EGP; 8 Years Payment Plan: 18.9M EGP; 5 Years Payment Plan: 15.1M EGP.
How much is a Apartment 2br at Coral Coves?
At Coral Coves, a Apartment 2br is priced as follows — Cash: 13.2M EGP; 5 Years — 5% + 5% after 3 months: 15.1M EGP (down payment 756,000 EGP, second payment 756,000 EGP (after 3 months), 716,211 EGP per quarterly installment × 19); 8 Years — 5% + 5% after 3 months: 18.9M EGP (down payment 945,000 EGP, second payment 945,000 EGP (after 3 months), 548,710 EGP per quarterly installment × 31).
How much is a Terrace Chalet A at Coral Coves?
At Coral Coves, a Terrace Chalet A is priced as follows — Cash: 21.4M EGP; 5 Years — 5% + 5% after 3 months: 24.5M EGP (down payment 1.2M EGP, second payment 1.2M EGP (after 3 months), 1.2M EGP per quarterly installment × 19); 8 Years — 5% + 5% after 3 months: 30.6M EGP (down payment 1.5M EGP, second payment 1.5M EGP (after 3 months), 888,387 EGP per quarterly installment × 31).
How much is a Terrace Chalet B at Coral Coves?
At Coral Coves, a Terrace Chalet B is priced as follows — Cash: 21.3M EGP; 5 Years — 5% + 5% after 3 months: 24.3M EGP (down payment 1.2M EGP, second payment 1.2M EGP (after 3 months), 1.2M EGP per quarterly installment × 19); 8 Years — 5% + 5% after 3 months: 30.4M EGP (down payment 1.5M EGP, second payment 1.5M EGP (after 3 months), 882,581 EGP per quarterly installment × 31).
How much is a Villa 1a at Coral Coves?
At Coral Coves, a Villa 1a is priced as follows — Cash: 61.4M EGP; 5 Years — 5% + 5% after 3 months: 70.2M EGP (down payment 3.5M EGP, second payment 3.5M EGP (after 3 months), 3.3M EGP per quarterly installment × 19); 8 Years — 5% + 5% after 3 months: 87.7M EGP (down payment 4.4M EGP, second payment 4.4M EGP (after 3 months), 2.5M EGP per quarterly installment × 31).
How much is a Villa Standalone at Coral Coves?
At Coral Coves, a Villa Standalone is priced as follows — Cash: 39.5M EGP; 5 Years — 5% + 5% after 3 months: 45.1M EGP (down payment 2.3M EGP, second payment 2.3M EGP (after 3 months), 2.1M EGP per quarterly installment × 19); 8 Years — 5% + 5% after 3 months: 56.4M EGP (down payment 2.8M EGP, second payment 2.8M EGP (after 3 months), 1.6M EGP per quarterly installment × 31).
What fees apply at Coral Coves?
Fees at Coral Coves include: Water & Electric Meters (no garden) (utility, 1,400 USD, basis: one-time, timing: due within 15 days after reservation); Water & Electric Meters (with garden) (utility, 2,100 USD, basis: one-time, timing: due within 15 days after reservation); Yearly Maintenance Fee (maintenance, 12 USD, basis: per sqm BUA per year, timing: due 6 months after contract date + next 1 year after delivery); Sports' Club Membership (cash) (membership, 400,000 EGP, basis: one-time); Sports' Club Membership (installments over 2 years) (membership, 500,000 EGP, basis: over 2 years); Sports' Club Membership (installments over 3 years) (membership, 600,000 EGP, basis: over 3 years); Sports' Club Membership (cash) - mandatory (club subscription, 400,000 EGP, basis: one-time); Sports' Club Membership (installments over 2 years) - mandatory (club subscription, 500,000 EGP, basis: installments, timing: over 2 years); Sports' Club Membership (installments over 3 years) - mandatory (club subscription, 600,000 EGP, basis: installments, timing: over 3 years).