Pyramids 2 Red Sea Resort | Hurghada | Egypt

Nestled in an outstanding area of aspirational opulence, the Pyramids 2 Red Sea Resort is only 250 metres from the crystal waters of the Red Sea and only 5 minutes from the bustling town centre of Hurghada. With El Gouna and its 18-hole PGA professional golf course a mere 15 minutes away and Hurghada International Airport reachable in just 10 minutes, it is one of the most accessible locations.

Available to purchase now off plan, apartments within this project represent a fantastic investment opportunity to own luxury freehold property in a vibrant tourist location and emerging property market with prices from just £15,000.

4 ½ hours direct flight from the UK the Red Sea Riviera has fast become a community of mixed nationalities and cultures and is establishing itself as a luxury tourist destination with competitive prices for holidays.

These apartments are only 250m from the pearl white sandy beaches and most have views out to the crystal clear waters of the Red Sea. The resort is located just 5 minutes away from Hurghada town centre and 15 minutes from Hurghada International Airport where a shuttle bus for the resort will ferry property owners and guests to and from when they visit the resort. The shuttle bus will also transport visitors to Hurghada Town Centre as well as nearby El Gouna where you will find the 18 Hole PGA Professional Golf Course designed by Fred Couples.

The development will consist of 192, European style terraced apartments with 7,000 square meters of communal tropical gardens, views out to the ocean, roof top terrace with BBQ’s, pool bar and swimming pools.

The complex will provide year round services. These are: maintenance, gardening and laundry services. The ground floor will house private facilities including a fully-equipped gymnasium, games room and internet café/business centre. On site management will take care of all rentals for the investor and ensure a profitable return per annum.

There are a range of studio, 1, 2 and 3 bedroom apartments all with balconies or terraces most with sea views with sizes from 27m sq to 115.2m sq. All will be appointed to superior quality of construction and European finish. The internal space of the apartments has been designed to dispense natural sunlight. Open plan kitchenettes will provide owners with the maximum feeling of space within their apartment.

There are no restrictions on real estate purchase in Egypt for foreigners with clear land title available and freehold property. There are no purchase taxes, Stamp Duty, Capital Gains Tax, or Income Taxes payable which makes Egypt an attractive prospect for real estate investment.

Investors who purchase at Pyramids 2 Red Sea Resort will see increase in equity during the construction of the development. We foresee capital growth in the region of 20% per annum for the next 3 to 4 years and the permanent summer weather in Egypt contributes to achievable rental yields in excess of 10% per annum and on site management will take care of all rentals for the investor.

Completion of Pyramids 2 Red Sea Resort is set for summer 2009.

Staggered payment schedule 10% deposit required to reserve and secure a unit, 40% payable on signing of contracts (30 Days), 25% Interim payment (May 2008) 25% on completion (Summer 2009)

Prices from £15,000 to £54,450

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