Guaranteed rental Income 10% of purchase price guaranteed rental for 5 years 1&2 Bedroom properties Ref: N01456, N01457, N01458

Payment Plan The first 50 reservations will be entitled to paying only a £2,000 reservation fee plus a 35% deposit with...... NO FURTHER PAYMENTS UNTIL COMPLETION appx. March 2010 Thereafter it will be £2,000, a deposit of 35% and a further 15% in about six months time.

Description
Situated 15 minutes walking distance from Downtown (El Dahar) which is the old part of Hurghada –A quite location between Hurghada Town and the new tourist sector. 10 minutes from Hurghada International airport with regular flights from the UK.

A total of 256 apartments on 4 floors.
Front line beach development - one of the very few locations in Hurghada that is not taken up by hotels.
A dedicated man made beach will be further developed to capitalise 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 terrace.
Communal areas will include two large swimming pools, restaurant and bar, shops, jacuzzi, and gym.
Whole area will be extensively landscaped with palm trees and other plants.
Its rare location in Hurghada makes these apartments exceptional value, and ensures a high resale value.
All apartments come with re-assignable contracts 20 years building guarantee on all apartments. First phase price increase of 10% already scheduled for March 2008; A second phase price increase of 10% scheduled for July 2008.
With 2 price increase already in place from now until July 2008, plus the 15% below market value launch price, investors will see an equity growth of around 35% on each unit. Hence, resulting in a minimum return on investment of around 180% .
The developers, Sigma Property, will assist all investors to resell their apartments prior to paying the final payment before completion in March 2010.
For Further information Contact Us

Hurghada

Hurghada is where the desert meets the sea and is the capital of the Red Sea Governorate. Hurghada is a bustling town, known as Al-Ghardaka in Arabic, founded in the early 20th Century as a small fishing village, Hurghada has now become a major part of the 'Red Sea Riviera' which has over 40km of coastal resorts and sandy beaches. Hurghada has two seasons: a hot summer, which runs from May to October, followed by a mild winter for the remaining months. The dry climate at any time of the year makes the area a highly desirable property investment location and coupled with leisure activities, including desert safaris, diving and golf, all go to make this amongst the most popular resorts in Egypt. With Hurghada's international airport only 30 minutes away from the resort, its become very accessible and popular with international fights from Europe on a daily basis. Besides Hurghada and Sahl Hasheesh on this impressive strip of the Red Sea, you will also find the 'El Gouna' resort, at the heart of the El Gouna Resort with its natural lagoons is the Abu Tig Marina, the most luxurious harbour on the Red Sea, designed around the spectacular 'El Gouna' Golf Club, an 18-hole, PGA professional golf course. The 'Red Sea Riviera' and Hurghada in particular is fast becoming an exclusive resort and a place to own a property in one of Egypt's most sough after destinations for investment.