Marlion Residences - Hurghada, Egypt
Located on the beaches of Hurghada, Egypt, Marlion Residences is a luxury development consisting of 256 apartments all with stunning views of the Red Sea. An area which is very much in the early stages of the property investment revolution, Hurghada and is expected to produce prolonged growth. With foreign nationals now having the option to buy in Egypt, property prices have been rising consistently in the areas of Sahl Hasheesh and Sharmal Sheikh, and at the moment are almost 4 times greater than Hurghada.
With an average projected growth of anywhere between 10 - 20% per annum for the area, early investors can really capitalise on this unique investment opportunity. Early bird incentives currently include the following:
- 2nd price increase of further 10% in place for end 2008
- Projected rental of 10% p.a. for 5 years on all units
- Low purchase costs with unique exit strategy in place
- Excellent "Buy 2 Sell" opportunity as value will increase by 20% in first year of investment
- Resulting in an equity growth of around 35% of initial investment
- No capital gains tax and no inherence tax
- Prices start from £36,000/Euros 45,681
Completing in March 2010
Payment Terms
- Reservation Deposit - £2,000
- 35% of purchase price payable within 4 weeks of signing the reservation agreement - 1st installment
- 15% of purchase price payable within 6 months following reservation - 2nd installment
- 50% of purchase price via savings or finance (STS) payable upon completion in March 2010 - final instalment.
Highlights of the project
- Situated 15 minutes walking distance between Hurghada Town and the new tourist sector.
- 10 minutes from Hurghada International airport with regular flights from the UK.
- A total of 256 apart-hotel units on 4 floors - all with stunning sea views.
- Front line beach development - one of the very few locations in Hurghada that is not taken up by hotels.
- A dedicated beach will be further developed to capitalize on this superb location with a large swimming pool by the beach.
- Fabulous views north, east and south across the crystal clear waters Red Sea.
- Completely freehold with balconies set amongst communal gardens - All penthouse apartments will have individual rooftop terraces.
- Communal areas will include two large swimming pools, restaurant and bar, shops, Jacuzzi, and gym.
- Being is such a rare position in Hurghada, makes these apartments exceptional value, and ensures a high resale value.
- All apartments come with re-assignable contracts
- 20 year building guarantee on all apartments
- Only £2,000 reservation fee plus 35% upfront payment required for the first 50 investors - no further payments until completion (March 2010).
- Further investors will be required to pay £2,000 reservation fee plus a stage payment of 35% followed by 15% in 6 months. The remaining balance will be due upon completion.
- Two scheduled price increases up until the end of 2008.
- With 2 price increases already in place, investors will see an equity growth of around 35% on each apartment by the end of 2008, resulting in a minimum return on investment of around 180%.
- Projected rental of 10% p.a. for 5 years on all units.
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| Price | From Euros 45,681 | | Property type | Apartments and Villas |  | |
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