Desert Pearl

New-development, Off Plan Investments

Apartment

Hurghada, Hurgada, Egypt

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Description

The Desert Pearl Beach Apartments are only 200 metres away from Hurghada's pearl white sandy beaches and shopping district. Desert Pearl consists of 225 gated European style terraced apartments with communal tropical gardens, pool bar and swimming pools.

The complex will provide year round services, these are: maintenance, gardening, laundry service and business centre.

Location

Once a remote sleepy fishing and oil extraction village, Hurghada has become during the past years one of the most vibrant, lively and busy beachside resort towns of the Red Sea Riviera. Merging the old with the new, Hurghada boasts some of the finest hotel chains in Sekala and the tourist district south of it, and the sights, smells and sounds of El-Dahar, a lively hub of everyday Egyptian life, making it one of the Red Sea Riviera destinations with the strongest local flavour. If it takes place in or on the water you can do it here: windsurfing, sailing, deep-sea fishing, swimming, but, above all, snorkeling and diving.

Investor View

Great location, great prices and good rental potential. Hurghada provides a gateway to the Red Sea's prime diving sites and is unique in offering access to many uninhabited offshore reefs and islands.

Investment return projection

Excellent value for money. Predicted annual growth 15% pa.

Property features / Development facilities

communal gardens
Fitness Centre
Games Room
business centre
internet café

Payment terms / Estimated completion

-10% deposit
-3 further 10% payments to be made within 12 months of deposit
-60% on completion
Estimated completion: End 2008
Bank guarantee / construction guarantee:
Building license:

Total units & property prices

Number of Units: 225

0 bedroom Studio: 27,720€ - 27,720€
1 bedroom Apartment: 45,990€ - 45,990€
2 bedroom Apartment: 58,590€ - 58,590€
3 bedroom Apartment: 69,300€ - 69,300€

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22nd November 2008