Egypt Developments - 5 Star Red Sea Resort
Situated with direct access to the amazing Red Sea Coastline, is this fantastic project. The resort is frontline beach and offers a variety of apartments with an amazing rental guarantee. The resort comprises of 5* Hotel, sports facilities, diving facilities and apartments.
Prices from only 42,950 euros (£29,096)
Investing in investment products with expectations of above-average returns has become increasing popular in recent years. As an Investor, you have the ability to assess the potential of an opportunity. On the one hand you want certainty, but on the other hand you seek a high return on your investment. This luxurious property is a superior investment prospect, representing an optimal mix of maximum certainty and a high return. Furthermore, as an investor you can also enjoy a carefree holiday.
The Resort
This resort lies to the north of Hurghada in a virgin town of Zafarana, against the magnificent beaches of the Red Sea. This project comprises a Five-Star hotel and ten apartment buildings. Besides the luxurious accommodation, the resort will include a broad range of sporting facilities, such as Gym, a wellness centre with oriental steam baths, a diving school, tennis and squash courts and mini golf. The resort will also have a guarded entrance, shops, offices providing various services, swimming pools, children’s play area’s, botanical gardens, a private beach with marina, and plenty of places to eat and drink. The grounds stretch down to the sea, which offers fabulous opportunities for sport and recreation, both on the water and underwater!
The Properties
The resort will consist of several blocks of 3 stories each. The luxury apartments for sale will each have a living area of 80m2 including 2 bedrooms. Each apartment will have a balcony measuring 16m2. The ground floor apartments will have a garden of 60m2 and the penthouses will have a roof terrace of 50m2. There will also be a hotel built onsite consisting of 150 rooms. The entire complex is being built for tourists that will rent your apartment on the basis of an all-facilities holiday. The apartments will be fitted with all mod-cons and can be delivered fully furnished* for an extra price. After completion of your apartment, a building guarantee will be issued for a full 5 years.
Investment Opportunity
Every person who invests in a property on this resort will be invited to enter a 5 year guaranteed rental scheme. The scheme runs for 5 years from the date you sign your title deed at completion and will offer an average return of 10% (Purchase Price) over the 5 years. The scheme is being operated on a sliding scale basis with a return of: 6% in Year 1, 8% - Year 2, 10% - Year 3, 12% - year 4, 14% - Year 5. This is calculated against the Property Purchase price. Each owner will also receive 6 weeks personal use, during October – June. During the rental contract, the maintenance and operational expenses are the obligation of the rental company. Once the rental agreement expires you will then have the choice of renewing the agreement, keep the apartment personally or resell it. The Egyptian Red Sea market is an emerging market and you could currently expect at least 15% capital growth per annum.
Click Here to view the Five Star Red Sea Rsort Plans
Example of Middle Apartment Rental Return during 5-year rental period:
Price of Apartment - 42,950.00 1st Year 6% = 2,577.00 eurosFurniture Pack - 6,950.00 2nd Year 8% = 3,436.00 eurosRegistration Costs* 3% - 1,288.50 3rd Year 10% = 4,295.00 eurosDeeds & Translation - 300.00 4th Year 12% = 5,154.00 eurosTotal Purchase 51,488.50 5th Year 14% = 6,013.00 eurosAdditional Benefits
6 Weeks of Own UseNo annual CostsCapital AppreciationThe rental income is started from the day of completion of your apartment. It is also paid out per year retrospectively and is covered by a full Bank Guarantee.
All payments made toward the purchase of your apartment are paid directly into Escrow of the trust: Stitching Derdengelden IPI and run by Rabobank, both big Dutch companies.*It is not necessary to register the property with an Egyptian Notary
