Company & Project Status
Bella Mar is developed by a registered Egyptian company on government-licensed tourism land.
- Developer
- Deutsche House Real Estate
- Commercial Registration
- No. 247613 (Egyptian Joint-Stock Company)
- Land Plot
- W6YA-2 — approx. 1,259.72 m²
- Location
- Port Ghalib, Jabal Al-Jazira Al-Hamra, Marsa Alam
- GPS Coordinates
- 25°32’00.2″N 34°37’34.3″E
- Tourism Authority Approval
- TDA-licensed for preliminary sales
Foreign Ownership Rights
Egypt permits foreign nationals to hold residential property on a Freehold basis in the Red Sea Governorate.
Key Contract Terms
Summarised directly from the signed Purchase Agreement — the Arabic version is the legally binding text.
These terms exist to protect both sides — you as the buyer, and the timeline of a project built for 21 families. None of it is unusual for an off-plan purchase, and our team talks through every line with each buyer individually before signing.
Payment plan percentages and the Freehold ownership basis are confirmed in the current Investor Pack; the signed Purchase Agreement itself leaves the payment schedule to be filled in per buyer at signing. All other terms below are direct contract clauses.
| Contract language | Arabic (legally binding) + reference translation provided |
| Delivery date | 8 March 2028 — contractually committed |
| Delay penalty | 2% of all amounts paid, per full quarter of delay beyond a 3-month grace period, pro-rata |
| Plan A — 1 Year | 20% down · 80% over 12 equal instalments |
| Plan B — 2 Years | 25% down · 75% over 24 equal instalments |
| Plan C — Cash | Full payment at signing · 10% discount applied |
| Late payment fee | A small administrative fee (€10/day) applies only after a 10-day grace period — plenty of notice before anything kicks in |
| Maintenance reserve | 10% of unit value — one-time payment at delivery |
| Resale | Freely transferable to a third party once 50% is paid, for a modest 3% administrative fee |
| If plans change | You can step away with a 20% administrative deduction — the rest of what you’ve paid is returned to you |
| Dispute jurisdiction | Hurghada Primary Courts, Egypt |
| Usage restriction | Residential use only; may be let to third parties for residential purposes |
Also Worth Knowing
Transparency Notice
- The Arabic contract is the legally binding document. The English version is a reference translation, accepted at the buyer’s own risk. Independent legal review is strongly encouraged before signing.
- The unit cannot be resold or mortgaged until at least 50% of the purchase price is settled.
- Any disputes fall under the exclusive jurisdiction of the Hurghada Primary Courts, Egypt.
- The 10% maintenance reserve is a one-time payment at delivery — separate from the unit price.
- The purchase is denominated in Euro. Exchange rate movements should be considered by non-Euro buyers.
- None of this needs to feel overwhelming — we go through it clause by clause with every buyer, and welcome any question, big or small.
Want the Full Contract?
Request the complete bilingual Purchase Agreement, or speak with the team about independent legal review. Every clause is open for discussion — we’re here to make sure you feel confident before you sign.
Ask a Legal Question