Location: Zafarana, Red Sea Coast, Egypt

Price: 26500 EUR (26500 EUR)
from �18,910 (converted at 1 EUR = 0.713516 GBP 18/12/07)

1 bathroom

Investment, Beach, Recommended

Terrace

Distance to beach: Resort has a private beach and coral reef
Distance to golf course: 30km
Distance to airport: one and a half hours drive

* Frontline 5 Star development *
* Prices starting from �26,500 *
* Full range of facilities including pools, restaurants, nightclub and marina *
* Average 10% rental guarantee available for five years *
* Freehold ownership *
* Renowned as the world's premier diving site *
* Excellent capital appreciation *
* Due diligence conducted by UK based lawyers *
* A new airport is currently being built 30km to the north of the development *
* Private beach and coral reef *

The Development

Situated on the Red Sea, Zafarana lies to the south of Cairo and the north of Hurghada. This is where IPI are developing a range of one and two bedroom apartments set in a beautiful gated five star resort. Zafarana is being constructed as Eco-friendly with power generation through waste recycling and a desalinisation plant for the water supply. Key Facts:

* Stunning, high-spec apartments, all with individual outdoor space and some with a prime beach-front location
* Salt and fresh water swimming pools
* A full range of on-site facilities which will include :
* a marina o private beach and coral reef o scuba diving school and water sports o diving shop o restaurants o bars o nightclub o 24 hour concierge o reception and room services o amphitheatre o in-house serviced laundry o proposed off-road motor sport centre (20 km North of the resort) o tour services for water and desert activities o shops and supermarkets o wellness centre / fitness centre o botanic gardens o tennis and squash courts o mini golf o medical and dental surgeries o 24 hour in-house security services o shuttle service o limo service o LAN internet connection in all rooms; wireless internet connection in the Hotel
* The hotel apartments will be managed by a reputable management company to EU standards
* The developer has an extremely strong track record with respect to successful projects worldwide
* The development is being built to international standards; each stage of construction will be monitored to ensure strict compliance
* The development comes with a five year structural guarantee
* There is a golf course at the resort of Stella Di Mare which is situated 60km north of Zafarana. There is also an 18 hole Championship Course currently under construction 30km north of Zafarana.

Legal

* A full due diligence has been conducted on the developer, development and management group by a UK based lawyer
* Contracts have been written by UK based lawyers and are governed under European, not Egyptian, law
* There are no restrictions on direct foreign ownership for this development
* Unlike other areas of the Red Sea Coast the Zafarana beach resort is freehold ownership
* The Title Deeds will be legalised by the Royal Netherlands Embassy in Cairo
* There is no restriction on when you can resell your

Links

* Egypt: Investment Potential 2007