The Pyramids Beach development is on track to becoming one of the most impressive sought after locations in Hurghada offering secure, luxury living and first-class surroundings that are second to none.

Pyramids Beach consists of 570 properties built in 2 phases with a selection of studio, 1, 2 and 3 bedroomed apartments all completed to European finish.

With an estimated capital growth in this area is around 25% per annum and with prices start from only £17,800 makes Pyramid Beach the ideal investment property.

One of the main features on Pyramids Beach is that the development is directly across from the entrance to the public beach offering superb uninterrupted views of the coastline and the crystal clear waters of the Red Sea.

The Pyramids Beach development can be found near the shores of the Red Sea, in the town of Hurghada, Egypt about 10km south of El Gouna.

Pyramids Beach will have 570 properties in total across 2 phases, with a variety of studios, 1 bedroom, 2 bedroom and 3 bedroom apartments.

All the properties are freehold.

All the necessary licenses and planning permissions have been obtained, and are available on request.

The first phase will be completed winter 2010 and the 2nd phase winter 2011

10% initial deposit then a further 40% on signing of purchase agreement (approx 30 days), 25% interim payment and then a final 25% on completion.

A capital repayment type mortgage, subject to status, on 65% of the purchase price is available after completing as a release of equity basis.

The yearly maintenance fee will be £500 for a studio, £550 for a 1 bed, £600 for a 2 bed and £650 for a 3 bed per annum and will be fixed for 5 years.

Apart from the annual Real Estate Tax of approximately EGP 500 (approx. GBP £50) and the annual maintenance mentioned in Q10, there will be utility (water & electricity) charges substantially lower than by European comparison

European Design & Finish includes: polished ceramic floors, tiling in kitchen and bathrooms, windows and doors installed, all electrical installations, pre-installation for digital TV platforms as well as sockets for telephone, television and data lines. Fitted kitchen with base units, stainless steel sink, granite worktops and mixer taps, and bathroom sanitary fittings in white porcelain (toilets, sinks, baths or showers) with mixer taps.

Furniture and kitchen appliances are not included in the sale price, but will be available as furniture packs.

Registration of the unit and lawyer fees will be GBP£795.00 all in.

Facilities include - Large communal roof with BBQ’s, 2 large swimming pools, with children’s sections and on site lifeguard, cafe bar with Internet business centre, tropical gardens, fully equipped gymnasium and health suite, mini market, children’s play area, laundry service, and restaurants offering various cuisines (all within a manned 24 hour gated environment).

The Red Sea Riviera’s warm climate makes it an ideal destination at any time of the year. There are two seasons: a hot summer, which runs from May to October, followed by a mild winter for the remaining months. Temperatures range from a minimum average of 23°C in winter, with cool nights, to 40°C in summer, with comfortable warm nights.

Direct flight time from the UK is 4.5 hours. Flights from other major European cities around 3 hours.

Studios Starting From £ 17,733

1 BedRoom Starting From £ 37,800

2 BedRoom Starting From £ 57,420

3 BedRoom Starting From £ 67,815

Information for Divers

Hurghada was the first commercial dive base in the Red Sea and is now a thriving resort that caters almost exclusively to divers. It offers a fantastic choice of dive sites, many of which are sheltered and within a thirty minute to one hour boat ride from resort. Outstanding reefs and drop-offs are available, whilst Hurghada’s location also gives access to the legendary wreck graveyard of Sha’ab Abu Nuhas.

Learning to Dive

Hurghada is the ideal place to dip your fins into the water for the first time. There are a large number of safe and sheltered sites that offer superb visibility to appreciate the fabulous marine life. Plentiful reefs sit in shallow water that is perfect for beginners. A full range of courses is offered at the dive centres and qualifying dives are undertaken at sites situated just a short boat ride away.

Qualified Divers

Hurghada’s many dive sites offer an abundance of reef marine life and an incredible diversity of corals, including impressive towers and pinnacles to explore. Sha’ab El Erg is a particular favourite, a huge horseshoe-shaped reef that is dotted with ergs and is renowned for its resident dolphin pod.

The spectacular marine park surrounding the Giftun Islands is a highlight, with nearly ten sites and a variety of dive plans to suit all experience levels. There is enough here to keep most intermediate and experienced divers completely absorbed, including an incredible wall tumbling to more than 50m, drift dives and spectacular gorgonian fans, plus the opportunity to see larger reef species and the occasional passing pelagic.

For wreck enthusiasts there is no better experience than a day boat trip to the incredible Sha’ab Abu Nuhas which is usually available at least once a week. Situated about halfway between Hurghada and Ras Mohammed, this reef patch lies next to a major shipping lane and it is home to four complete wrecks. It is magical to swim into a cloud of glassfish on the Chrisoula K and the Giannis D and see lionfish stalking prey in dark corners of the hold.