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Hurghada Village - 3 bedroom apartment

Off Plan Investments

Apartment

Hurghada, Hurgada, Egypt

Price:

Bedrooms:

Bathrooms:

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Description

The apartments are in an excellent location, just a short drive from the airport, and 200 metres from the sea, with uninterrupted views of the desert and mountains to the west, and the sea to the east. The development will be surrounded by walls for privacy and will include a swimming pool, bar, restaurant, communal gardens and 24 hour reception. The top floor apartments will have the additional benefit of secluded rooftop terraces that are the same size as the apartments, which will incur an additional charge.

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

Investors will benefit from a high rental return with a low capital outlay. Apartments on 3rd and 4th floor benefit from a guaranteed rental at 6% per annum. The rental market in Hurghada is good and growing.

Investment return projection

5-10% growth per annum

Property features / Development facilities

Restaurants
Reception
Outdoor Pools
Bars
Luxurious gardens
Café
24 hour security
Air-conditioning
Fully Fitted Kitchen

Payment terms / Estimated completion

3,000 euros reservation deposit
30% after 14 days with signed contract
70% (Less 3,000€ reservation fee)on completion
Estimated completion: Summer 2008
Bank guarantee / construction guarantee: -
Building license: Yes

Total units & property prices

Number of Units: 104

1 bedroom Apartment: 29,100€ - 34,950€
0 bedroom Studio: 23,300€ - 27,500€
2 bedroom Apartment: 38,800€ - 44,670€
3 bedroom Apartment: 50,500€ - 57,800€

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22nd November 2008