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Investment Property » For Sale » Egypt » Red Sea Riviera » The Pearl    

The Pearl


Location

Egypt
Red sea Riviera
Sahl Hasheesh

Price

€136,400
to €344,100

Delivery date: 2009 & 2012
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Property ID: 320143


     
 

 Description

Key selling points

  • Off Plan for 5 years, some properties available for completion i
  • Fully fitted bathroom & kitchen
  • Internationalyl recognised architect
  • Free from stamp duty
  • All amenities on site
  • Year round summer weather

Plot 22b on Sahl Hasheesh is a new build development comprising of 1 and 2 bedroom apartments and 3 bedroom villas. The development is due for completion in 5 years, with the first phase available in 18months. At this point the resort is unnamed but has been constructed in the image of the original Sahl Hasheesh development and offers you similar emphasis on luxury and premium living on the water in the Red Sea Riviera. The development was designed by architect Dr.Hussien who was behind the concept for the original Sal Hasheesh resort.

Type of properties available:

11 x 3 Bedroom Villas
222 sqm on plots of 500 sqm with private swimming pool

132 x 1 bedroom apartments
57 & 60 sqm

66 x 2 bedroom apartments
88 sqm

Your Sahl Hasheesh property will be built to superior standards of quality. In the interior of your apartment or villa you will enjoy characteristic European design & finish reflecting fine craftsmanship attention to detail. Each home is equipped with polished ceramic floors, tiling in the 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.

Both bathroom and kitchen are fully fitted with premium fittings. Included in your kitchen are base units, stainless steel sink, granite worktops and mixer taps. Similarly, bathroom include all sanitary fittings in white porcelain (toilets, sinks, baths showers) with mixer taps and extractor fans. Bedrooms have built in wardrobes.

The development itself is located on the Sahl Hasheesh development a phenomenal development akin to a small city complete with hotels, cinemas, restaurants etc. As an owner of a property on Sahl Hasheesh you will be granted access to the vast range of on site amenities. There is a fully equipped spa & gym complex, private beaches, signature golf courses, swimming pools, gardens, watersports, diving and more.
Situated 17 kms south of Hurgahada airport between Hurghada and Safaga. Luxor and the Valley of the kings are just 200 kms away by road or short flight. The town of

The Red Sea Riviera has fast become a community of mixed nationalities and cultures. The permanent summer weather and leisure activities, including desert safaris, diving and golf, make this the most popular resort in Egypt. The closest town Hurghada, known as Al-Ghardaka in Arabic was founded in the early 20th century as a fishing village, with over 40km of coastal resorts and spectacular beaches. British Airways fly twice a week from Gatwick directly to Hurghada


The areas 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 15ºC (59ºF) in winter, with cool nights, to 30ºC (86ºF) in summer, with comfortable warm nights

Sahl Hasheesh has created a name for itself as a top tourist destination and this as well as Government incentives has earned the resort the reputation for good value and low risk property investment worldwide. Historical growth for the region is a minimum average of 12% over the last 3 years and minimum rental yield for this location and resort is between 11 and 15%.
Mortgages can be obtained from within Egypt and are based on a capital or repayment type mortgage, subject-to-status, on 60% of the purchase price is available at 7.9% flat rate for a maximum period of 10 years.

Additional costs involved
Registration of the unit and lawyer fees will be £995 all in

There is an annual Real Estate Tax of approx. £50.

In Egypt there are no government taxes, stamp duty, or capital gains and inheritance taxes.

Apart from the annual Real Estate Tax approx. £50 and the annual maintenance fee of £500, there will be utility (water + electricity) charges substantially lower by European comparison.
Mortgages can be obtained from within Egypt and are based on a capital or repayment type mortgage, subject-to-status, on 60% of the purchase price is available at 7.9% flat rate for a maximum period of 10 years.

Additional costs involved
Registration of the unit and lawyer fees will be £995 all in

There is an annual Real Estate Tax of approx. £50.

In Egypt there are no government taxes, stamp duty, or capital gains and inheritance taxes.

Apart from the annual Real Estate Tax approx. £50 and the annual maintenance fee of £500, there will be utility (water + electricity) charges substantially lower by European comparison.
Tours of the site can be organised for you at discounted rates through the Sahl Hashees resort. Click below to send us an enquiry and one of our property consultants will contact you.

 
     
     
 

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