“Baz Marina” Project To be Inaugurated in 2014.

Baz Real Estate System Co. will finish in the middle of 2014 its project “Baz Marina” in Marsa Alam, on an area of 14.000 meters.

Ayman Al-Sayad, regional sales manager of Baz Co., said the project is the first such in Marsa Alam, because it is being sold according to “common shares”.  This project completes the company’s triple for the same idea after the two projects of ” Manazel Al Ain” in Mecca and “Baz Sarajevo” in Europe.

He elaborated that the common shares are like time share system, but it’s fairer; because the company sells a specific number of shares in days. He added that the idea is globally registered under the company’s name which possesses 7 branches all over the world.

The project’s view is on the sea, consists of one phase has 5 stories, with 165 hotel units. Movenpick Co. provides the hotel services there. The project is for the middle class.

The sales manger elaborated that almost 13% of the project is on green spaces. It includes services on 950 meters, and swimming pool on 1200 meters, in addition, specific space for sports clubs nearby the beach.

He mentioned that the experimental inauguration will be in the middle of 2013, for Egyptian customers; the payment system represents in pay 30% in advance, and the rest on 36 months.