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 : property For Sale Hurghada area Egypt

Price:   €87,000 - €119,700
Deposit: €34,800
Ref: S195812

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property Details  
Country: Egypt, Red Sea
Location: Hurghada, Hurghada area
Type: New
Style: Apartment
Bedrooms: 1
Size: 65 sq m to 82 sq m
Garden: Not Specified
Terrace: Not Specified
Views:Gardens, Sea
Near By:Airport, Bars and Restaurants, Beach, Beach - Front Line, Car Hire, Golf course nearby, Hospital, Marina, Nightlife, Sailing, Scuba Diving, Shops, Town Centre
Features:Furniture Packs Available, Guaranteed rental, Gymnasium, Jacuzzi, Kitchen Fully Fitted, Low Deposit, Parking, Pool - Community, Security, SIPP Compliant, Spa - sauna, Terrace - balcony

Absolute Front Line To Beach

Samra Bay Marina and Spa Resort is located within the Golden Mile area in New Hurghada. The centrally located, low density, front line resort combines a private beach, luxury facilities and borders the famous promenade with its world renowned restaurants, bars, cafeterias, clubs and shopping centers. Samra Bay is adjacent to the Grand Plaza, Hilton, Intercontinental and Steingerger hotel chains.

With this project over any others, the developer builds to a luxury specification and ensures the best locations. This means that you can purchase a unique property in a niche part of an already established market. Almost all of the frontline of Hurghada New Town is occupied by hotels and resorts, however there is a chronic shortage of high end luxury European hotel resorts. These resorts have the highest occupancy rate of any class of hotel and can be counted on one hand alone.

Samra Bay is being built to a luxury finish with facilities to rival any 5 star resort, is truly frontline and one of the very few resorts in Hurghada to feature a natural lagoon. There is only one other frontline residential development in the area of Village Road and located within the Golden Mile. The prices of apartments are well below their completed counterparts and we feel that the quality is far superior in this development. As Hurghada expands inland away from the beach areas, frontline property will further increase in demand in an area where there is very limited supply.

Samra Bay Marina and Spa Resort represents a fantastic investment opportunity and undoubtedly one of if not the safest in Egypt. Excellent payment terms, an 8 year rental guarantee averaging 6.85% per annum, a 125% guaranteed developer buy back option and a developer with a strong and demonstrable track record for delivering quality projects on time, make this resort the smart bet in the Egyptian property market.

Whilst Egypt’s property market may be newly emerging, it has a very stable established tourism market. The United Nations places Egypt among the world’s top 25 tourism destinations. Egypt is the number one tourist destination in the Middle East and Eastern Mediterranean according to both the number of arrivals and duration of stay. Over the last ten years the Hurghada area has seen an amazing transformation. From the desert sand has risen a town with more than 200 hotels, booming shopping promenades and a vibrant nightlife. In 2008 Hurghada airport witnessed a 13.4% increase in tourists from the previous year and the Egyptian Ministry of Tourism predicts a 6% yearly increase for the foreseeable future.


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