Zahabia Beach from £25,438. Waterside apartments for sale in Hurghada

Name:  The Zahabia Beach Apartments  

Location: Corniche Road, Arabia District, Hurghada, Egypt

Developer: The Zahabia Company for Tourastic Development

Number of units:  290 - studio , 1 & 2 bedroom apartments

The Zahabia Beach Apartments have access to their own private beach which has stunning views over the crystal clear Red Sea, towrads the famous Giffun Island. The resort is perfect for those looking to enjoy an all year round beach lifestyle and indulge in the many water sports on offer.

Zahabia Beach Resort  is a collection of waterside apartments located in the Arabia District of Hurghada just 10 minutes from the bustling tourist hotspot of Sheraton Road, Downtown Hurghada. The beach offers far reaching views over the Red Sea towards Giffun Island and the development is scheduled for completion by the end of June 2010. The project will operate as a hotel facility and will offer flexible rental management solutions, including a renewable rental programme. The high level occupancy rates throughout the 12 month season makes this project of interest to buy-to-let investors. A 5% rental guarantee is offered for 3 years.

Apartment sizes and prices are quoted per m2 gross which includes a 10% allowance for communal areas as is common in Egypt.

35m2 studios from just £25,438

58.5 m2 1 bedroom apartments from just £42,518

83m2 2 bedroom apartments from just £61,051

Zahabia Beach Resort Overview

Investment Summary:

Prices for similar project are selling at £800 + m2 in Hurghada (Samra Bay)

• Low purchase costs and stage payments available
• Strong exit strategy - highly desirable re-sale unit
• Very strong re-sale potential prior to completion particularly for early bird investors
• Guranteed rental of 5% for 3 years, subject to furnishings
• Furniture packs and air conditioning are available
• Price increase of 15% at end of pre-launch
• All properties are freehold and complete in June 2010
• No capital gains tax or inheritance tax
• Prices start from £25,438

The facilities:

There are a comprehensive range of facilities at the ZAHABIA Beach Resort.  The apartments are set around a central pool situated within magnificent private landscaped gardens.  There is a reception as well as a restaurant and bar.

The Zahabia Beach Resort has a full range of facilities and services that are available for residents.  These include:  Private beach and Marina, Beach bar and Restaurant, Marina Bar, 24 hour bar and restaurant a la carte, Health Club, Diving club, Aqua centre, kids club, children’s pool, children’s play area, Table tennis, billiards, Internet cafe, evening entertainment, Animation Team, Travel Desk, 24hrs hotel clinic.

The Apartments

These luxury apartments have been designed to the highest standards for the discerning customer looking for that elusive combination of location, quality and amenities.  There are a range of studios, 1 and 2 bedroom spacious apartments that boast large terraces and bright, open living spaces.  With high quality ceramics and finishes, all properties come with fully fitted kitchens and marble worktops, electric oven and hob, stainless steel sink and mixer taps.  Also available is a comprehensive furniture pack that includes everything from contemporary furnishing down to the last knife and fork making ZAHABIA apartments ideally suited for those buyers looking for an excellent turn key rental property.

Payments Plan

£500 Reservation

40% on Contract

20% on foundations

20% on roof height

20% on completion

* To qualify for the rental guarantee buyers must purchase the optional air conditioning and furniture packs from the Zahabia Company.  Rental is guaranteed for the first 3 years however terms may be subject to change for the proceeding years.

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For further information please contact New Horizons Overseas Property Services on + 44 1903 500 004 or e-mail info@new-horizons.eu.com

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