Monolocale in Makadi Bay
IMMOBILE SITO IN EGITTO – MAKADI BAY | APPARTAMENTO SUL MAR ROSSO – INVESTIMENTO IMMOBILIARE A € 25.000 38 MQ IN COMPLESSO TURISTICO-RESIDENZIALE – IDEALE COME CASA VACANZE E PER INVESTIMENTO A REDDITO Hai mai pensato di acquistare una proprietà sul Mar Rosso, da utilizzare per le tue vacanze e con la possibilità di…
What it really costs
Can you move in?
Move in as it is
Condition not stated in the listingSee what needs doing and what each job costs
The listing describes a 38 m² apartment in Makadi Bay, Egypt, while the catalog data identifies Rome, Lazio, making the location and market comparison unusable. The condition, legal details, and complete description are not stated, so the apparent €595/m² price cannot be validated as an Italian-home deal.
More on the house and the area
The resort has striking Moorish-inspired architecture, manicured communal spaces, dramatic night lighting, and a glimpse toward the Red Sea. However, there is no interior evidence and the apartment’s real livability is unknown, making this primarily a speculative holiday-investment purchase rather than a demonstrated dream home.
Certified wiring, water and drainage, a heat source, a roof that keeps the water out, one working bathroom. Facade, insulation, a second bathroom and the floors wait.
All the services redone, bathrooms, kitchen, windows. The structure is left alone.
Our read of the photos, €700/m², falls in this band.
Turnkey, facade and insulation included.
Materials only, work you may do yourself€8,000 – €15,000
Wiring, water and sanitary work of any kind, heating, air conditioning and gas go to a registered firm by law, and so do flues and the air openings for gas appliances. That labour stays in the bill. Yours is the stripping out, plaster, paint, floors, tiling and carpentry.
Labour is 61% of a renovation price on average and 67% at the median, across 191 items of the Emilia-Romagna 2025 public price list. Materials are the rest. An averaged price list, not a quote.
Materials you buy yourself carry 22% VAT; supplied by the firm doing the work they go at the 10% renovation rate. On a €30,000 materials bill that is €3,600 of extra tax.
Household wiring installed before 13 March 1990 counts as compliant if it has a main breaker with overcurrent protection, protection against direct contact and a 30 mA RCD. Having a firm bring the existing wiring up to that and certify it is the cheapest lawful route.
- This is in Makadi Bay, Egypt—not Lazio or Rome, despite the catalog facts.
- No interior photos are provided, and the apartment’s furnishing, utilities, and actual move-in condition are unverified.
- The listing appears to concern a resort development, so service charges, ownership structure, and rental restrictions need checking.
- The sea is visible in the development view, but the apartment’s own outlook is not proven.
Estimate from the listing and its photos, not a survey. Treat it as the starting point for your own quotes. An Italian builder's quote is normally written without VAT and without design fees, so add about a quarter to any figure a firm gives you.
The area around
Location score 55/100The cluster is within the built-up area of Rome, so the lived setting is urban streets rather than a rural landscape. The Tiber runs through the city. Rome has a concentration of major historic monuments and archaeological sites, including the UNESCO-listed historic centre. The Alban Hills lie to the southeast beyond the city, and the Tyrrhenian coast at Ostia is farther west, but these are outside the immediate 15 km landscape around this cluster.