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Deposit From: (£ approx)60,016 £ (£60,016)
Mortgage: 60% available
Location: Coastal
Property Type: Off Plan
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Bedrooms: 2
The Red Sea Pearl Apartments are located in the hills of Sahl Hasheesh, they are surrounded by sand dunes, and the resorts own golf courses and the Red Sea itself. They are Fantastic investment opportunity and all apartments offer top quality design and construction.
Why? Over the past few years there has been an increase in the numbers of people visiting Egypt, and with the Red Sea being one of the most popular destinations, this is the perfect investment. There is no capital gains tax, and no inheritance tax on any property purchased in Egypt. With 365 days of sunshine a year as well as English being widely spoken around the Country, Egypt is also well known for its low living and maintenance costs so a property in the Red Sea Pearl development is a worth while investment for rental property, with conservative estimates at 10% yield.
When? The Red Sea Pearl development is due for completion in 2009.What? - The resort of Sahl Hasheesh will have a unique 300 berth marina with space for super yachts, 12kms of beautiful sandy beaches, state of the art cinema complex, more than 300 shops, upmarket bars and restaurants as well as sports and leisure facilities including golfing on the 18 hole golf course or diving and snorkelling in the "Sunken City"
The Red Sea Pearl Golf and Beach Apartments are a unique complex which offers 450 studios, one bedroom, two bedroom and three bedroom terraced apartments, with access to the communal solarium, gardens and swimming pools. The apartments themselves either have views of the golf course, the mountains or the sea. Apartments located on the ground floor will have private gardens, whilst apartments located on the first or second floors will have sun balconies. All apartments however have access to the roof terrace. The roof terrace has 360 degree views of the surrounding area; so many sunsets over the mountains can be enjoyed. The apartments themselves are designed to a high standard with cream marble effect ceramic floor tiles throughout; the kitchen comes equipped with a stainless steel sink, granite work tops and kitchen units. All apartments will be air conditioned; all apartments contain smoke alarms and are also secured with reinforced security locks. These two bedroom, two bathroom penthouse apartments are spacious, they have been designed to a high standard, this penthouse apartment measures 88sq metres in space, and has a sun terrace with amazing views of the surrounding area to the exterior of the property.
Where? The Red Sea Pearl Golf and Beach Apartments development is located in the hills of Sahl Hasheesh, which have amazing views of the Red Sea. Sahl Hasheesh is situated south of the Sinai Peninsula by the eastern shores of the Red Sea coast. Sahl Hasheesh is approximately 20km from Hurghada International Airport, which is between Hurghada and Safaga. There are daily flights to and from Hurghada International Airport from all over Europe and the Middle East making access to the development is very easy. It is less than 5 hours in flight time from Paris and London, Berlin and Moscow, West and Southern Africa, as well as major cities of the Middle East and Asia to Hurghada. The Red Sea Pearl apartments are approximately a 5 hour drive from Cairo.
How? 10% to Reserve a unit
30% on Contract (est. 30 days)
60% on Completion
60% Mortgages available subject to status
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