From £25,438
Zahabia Beach
The Zahabia Beach Apartments - Hurghada, Egypt
Name The Zahabia Beach Apartments
Location Corniche Road, Arabia District, Hurghada, Egypt
Developer The Zahabia Company for Touristic Development
Number of units 290 studios,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, towards 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 luxury 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 is scheduled for completion in the near future; it will operate as a hotel facility and will offer flexible rental management solutions, including a renewable rental program. The high local occupancy rates throughout the 12 month season make this project of interest to any buy-to let investors. A 5% rental guarantee is offered for 3 years.
Apartment’s sizes and prices are quoted per m2 gross which includes a 10% allowance for communal construction areas as is common in Egypt
35 m2 Studios from just £25.438
58.5 m2 1 bedroom apartments from just £42.518
83 m2 2 bedroom apartments from just £61.051
Investment summary
Prices for similar projects 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
• Guaranteed 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 £25438
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 & restaurant, Marina Bar, 24 hour bar & restaurant a la a carte, Health Club, Diving club, Aqua centre, kids club, children’s pool, children’s Play area. Table tennis billiards, Internet Café, 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 bedrooms spacious apartments that boast large terraces and bright, open living spaces. With high quality ceramics and finished, all properties come fully fitted kitchens and marble worktop, 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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