Red Sea Pearl, Hurghada

Country

Egypt

Area

Red Sea Coastline

Region

Red Sea

Town

Hurghada

Red Sea Pearl, Sahl Hashish

The Development:
Jet2Let are delighted to be launching the brand new Red Sea Pearl development. This is located in the Sahl Hasheesh resort located just 20kms from Hurghada in one of The Red Sea’s most magnificent bays.

Shal Haseesh covers 32 million square metres and is quickly gaining the reputation as the most prestigious area in Egypt with Norman Fosters seven star resort close by.

The Red Sea Pearl enjoys a prime plot with 180 degree panoramic seaviews and surrounded by one of the three 18 hole golf courses.

Many of the apartments uniquely enjoy uninterrupted golf and sea views but all benefit from a sense of space due to the very clever design and low density. All are freehold.

The development is just 80metres from the beach separated only by the golf course and enjoys excellent access being less than twenty minutes drive from the airport.

Our recent inspection showed construction from one of the most experienced developers in the area to the highest finish quality we have seen for the money. You can be confident that your investment is well protected.

Facilities:
Currrently there are three world class 18 hole golf courses under construction

    * Unrivalled snorkelling and diving areas including ‘The Sunken City’
    * Numerous luxury hotels including a 7* hotel owned by the Prince of Jordan and designed by the same architect as Palm Island in Dubai
    * Unique 300 berth marina with space for super yachts
    * 12kms of wonderful, sandy beach
    * State of the art cinema complex
    * 300 shops
    * Upmarket bars and restaurants
    * Sports and leisured

Summary:
Upmarket Egypt at these affordable pre launch prices makes Red Sea Pearl an investment property to be proud of. Sahl Hasheesh has a promenade lined with boutiques, bars, café’s and restaurants. There will be upwards of five golf courses in Sahl Hasheesh, a casino and a brand new marina. This year round resort will far exceed El Gouna in desireability and stands to be a magnet for the wealthy visitor from Russia, Middle East and Europe.

Having seen the potential of the area compared to other established areas we are confident that investors will be able to make anticipated returns of 30% in between 12 and 24 months. The location is one of the best and we urge early reservation as this first phase 1 is sure to sell fast.

At a Glance:
Number of Phases 1

Number of Units 108

Unit Types & Pricing:

Studio Apt. (49m²) €75,950

Studio Apt. (49m²) + Garden (75m²) €109,700

Studio Penthouse (49m²) €83,545

1 Bed. Apt. (68m²) €105,400

1 Bed. Apt. (68m²) + Garden (75m²) €139,150

1 Bed. Penthouse (68m²) €115,940

2 Bed. Apt. (88m²) €136,400

2 Bed. Apt. (88m²) + Garden (75m²) €170,150

2 Bed. Penthouse (88m²) €150,040

3 Bed. Apt. (110m²) €170,500

3 Bed. Apt. (110m²) + Garden (100m²) €204,250 3 Bed. Penthouse (110m²) €187,550

Price per m²: Apartments €1,550. Penthouses (+10% Premium) €1,705. Gardens (first 50m² only) €675



Payment Plan:
Buy Today With 40% Down (from €30,380)

Payment Plan
10% to reserve a unit
30% on contract (est. 30 days)
60% on completion

Premium Units: Penthouses & garden

Mortgage Options Capital + repayment up to 60%, (subject to status). Contact Jet2Let for details.

Completion: 2009

Nearest Airport Hurghada, 20 minutes (driving)

Nearest Beach Sahl Hasheesh main beach (10 minutes walk)

Projected Rental Return (Yield) of 10%

Taxes: No capital gains & inheritance

Completion Costs: 3% (approx)

Estimated Annual Property Appreciation: 20% to 30% (estimated)

Location 20km From Hurghada, close to Sahl Hasheesh center