Apartment - Hurghada | Egypt - Ref 638656
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Apartment/Flat Description
The Brief:
Pyramids Beach is an off-plan resort-style apartment complex, offering affordable luxury and incredible investment potential in Hurghada Egypt, with studio apartments available from as little as £17,733. Read on for full details of this Egypt investment property. The development consists of 570 properties built in 2 phases with a selection of studio, 1, 2 and 3 bed roomed apartments all completed to European finish.
The Property in Brief:
Built by a trusted UK developer
All properties are freehold
Finish to European Standard
10 year Building and Quality Guarantee
Luxury features in all apartments
Massive array of amenities and leisure facilities
The Property in Detail:
Built by a UK developer and with a 10 year building guarantee the Pyramid Heights offers investors incredible piece of mind, alongside premium build quality and a massive array of luxury features including: Elevators to all floors, and fitted wardrobes, Satellite TV, telephone and internet points and pre-installed air-conditioning in all apartments.
The development has a communal BBQ area on the roof terrace and a massive array of leisure facilities including: 2 Large swimming pools including children's section, on-site lifeguard, pool bars, children's play area, restaurant offering various cuisines, fully equipped gymnasium and health suite, cafe bar with Internet business centre, mini market and onsite pharmacy.
The Opportunity in Brief:
8-10% net rental yields
15% immediate growth on completion
10-15% annual growth after completion
The Opportunity in Detail:
Cairo in Egypt was recently placed number 2 in a global investment chart by influential property information site Global Property Guide, because of its impressive 12% gross rental yields and long term investment rating, for which it was given 4 stars. The chart only rated the major city in each country as it was a country ratings chart.
Hurghada property is also making impressive rental yields, as it grows into one of the most popular tourism locations in the world, and because property prices are lower. If you properly market your property you should be able to rent it out for at least 20 weeks if you charge something reasonable like £125.00 per week. This gives you an annual rental income of around £2500, giving you an 8-10% net yield once you take off taxes and marketing costs; very impressive.
On top of that the low price, and the fact that tourism is expected to continue growing throughout the credit crunch, immediate growth when the development completes is expected to be at least 15%, and there will be plenty of holiday home investors to sell to. Year on year growth will be 10-15% after completion.
The Location:
The Pyramids Beach development is situated just 10 minutes north of Hurghada international airport, just 5 minutes to Hurghada town centre and only 10 minutes south of El Gouna and its 18-hole PGA golf course. 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.
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€21,204 | £17,733 | US$27,966 (Currency and Foreign Exchange services supplied by  )
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| Type |
Apartment |
| Category |
New Build |
| Listed |
over 1 year ago |
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Map of Hurghada, Muhafazat al Bahr al Ahmar, Egypt
Real Estate Agent Listing this Property
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Price: £17,733
Latest Property News in Egypt
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Price of Property in Hurghada, Egypt
| (All prices in EUR) |
Hurghada |
Hurghada |
Hurghada |
| Apartment/Flat |
1 |
1 |
430,000 |
1,450,000 |
37,327 |
39,950 |
| House/Villa |
68,000 |
42,000 |
1,600,000 |
1,600,000 |
480,000 |
470,000 |
| Townhouse |
74,407 |
74,407 |
285,000 |
376,970 |
153,307 |
153,307 |
| Business |
9,130 |
9,130 |
18,223 |
18,223 |
- |
- |
| Other |
7,095 |
7,095 |
63,400 |
63,400 |
27,900 |
49,800 |
| Studio |
6,260 |
6,260 |
89,900 |
103,000 |
20,903 |
20,903 |
| Hotel Room |
55,700 |
55,700 |
55,700 |
55,700 |
- |
- |
* Calculations based on 483 properties for sale in Hurghada and 921 properties for sale in Egypt |
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