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£13,023 / 0 bedrooms / Egypt, Hurghada
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Property ref: 449 / Property Price: £13,023 / Property Type: Apartment /
Bedrooms: 0 /
Location: Egypt, Hurghada / Plot Size: / Build Size: 26.5 / Contract: Freehold
Description:
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Diamond Residences studio apartment deposit Just ?5,209
The Red Sea provides the perfect blend of ingredients for anyone looking for the perfect sunny property in a land that is immersed in history and ancient treasures.
The beautiful clear blue waters of the Red Sea Riviera make Hurghada into one of the top sites in the world for diving, with an abundance of marine life to see and enjoy, with the warm waters and the unique offshore gardens creating an ideal haven for many varieties of rare fish and coral reefs. It is also an international centre for aquatic sports including windsurfing, sailing, deep-sea fishing, swimming and snorkelling. Hurghada is known for providing access to many uninhabited offshore reefs and islands. It is truly an all year round tourist destination with twelve months of sunshine, and very rarely a cloudy day!
Already some of the largest Dubai based developers have turned their attentions to Hurghada, with DAMAC building a 32 million square feet resort with investment in the project expected to reach 16 Billion US$
The Diamond Residence is an excellent development located in Hurghada in the Al Ahyaa area, between El Gouna resort and Calemera resort, just 100 mtrs from the beach, ideal for sunny holidays and diving trips.
Distance from other areas:
? 10 minutes to Down Town Hurghada.
? 15 minutes to airport.
? 10 minutes to El Gouna village.
The total size of the project will be 900 m2 (Building 60%) which makes for a more exclusive feel to the apartments. This project will consist of two Buildings built back to back with completion end of 2009. The developer has a good track record and has completed a number of developments in Hurghada,
The developer has already broken ground on this project.
The building consists of:
? Only 48 apartments
? 2 elevators in the building
? 2 swimming pools.
? Green space around the building and swimming pools
? Consists of the Ground Floor + 4 floors
? Building studios 1and 2 bedroom apartments
? Company in place for maintenance (yearly fee)
Also planned for the immediate area is a new retail area with a large supermarket, shops and light show to provide additional entertainment.
Reasons to buy:
? Egypt has steady year on year Capital Growth of 20-30%
? Rental Yields in this area are around 8%
? 12 month climate with plenty of letting potential.
? Freehold property.
? A booming tourism industry, with numbers having over doubled between 2002 and 2007.
? Large volume of investment finance being placed in Hurghada
? Tourism predicated to increase at rate of 6% per year.
? Opportunity to invest early in a vibrant market.
? Situated on the Red Sea - recently voted best diving destination in the world.
? Low cost living, maintenance and management costs.
? Currently accommodation demand in the area exceeds supply.
? Hurghada, a vibrant town - with culture combined with a modern feel.
? Tourism growing due to the increase in low cost airlines such as EasyJet flying direct to Hurghada.
Studio from ?13,023
1 Bed from ?16,688
2 bed from ?24,372
Deposit Structure:
? ?1,000 Reservation fee
? 40% initial deposit
? 25% after three months from initial payment
? 25% after six month from initial payment
? 10% upon completion
Call us today to reserve your apartment or for more information on +44 (0) 207 193 5880
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These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment. The price in UK pounds is indicative, and may vary according to exchange rates at the time of purchase.
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