This property is a 63 SqM apartment with 1 bedroom and 1 bathroom that is available for sale. It is part of the Princess Resort project in Hurghada Resorts, Red Sea and was completed in Jan 2022. You can buy this apartment for a base price of EGP3,717,000 (EGP59,000/SqM).
hurghada heights . Hurghada Promenade in hurghada
Hurghada Heights
Prime location directly on the Hurghada Promenade, the city’s most desirable coastal address.Only 5 minutes from Hurghada International Airport and 10 minutes from Hurghada Marina and the city center.Surrounded by luxury resorts, shopping malls, cafés, and fine dining, with easy access to beaches, water sports, and year-round sunshine.
Available unitsStudios, 1-bedroom, and 2-bedroom apartments designed to suit all needs.
Facilities and featuresFive swimming pools including one heated pool and two rooftop pools with panoramic viewsModern reception and 24/7 security with full CCTV systemCentral satellite connectivityCafés, restaurants, and retail shops for daily needs and leisure
Payment plansStudios30% down payment with installments over 36 months40% down payment with installments over 48 months
1 and 2 bedroom apartments15% down payment with installments over 36 months20% down payment with installments over 48 months
Delivery timelinePhase 1 (Buildings 1, 2, 4, and 5): 2027Phase 2 (Building 3): 2028
The common area maintenance (CAM) fee has to be paid monthly by owners for the upkeep of the common areas of condominium and housing projects. For new build projects, it is common to pay between 1 - 3 years’ management fees in advance upon the transfer of the unit’s ownership.
EGP371,700/mo
Listed By
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Agent / Partner
Electricity PriceN/A
Water PriceN/A
Unit IDU5841302
Investment Opportunity: Charges & Yield
Sale Price
EGP3,717,000
CAM Fee
The common area maintenance (CAM) fee has to be paid monthly by owners for the upkeep of the common areas of condominium and housing projects. For new build projects, it is common to pay between 1 - 3 years’ management fees in advance upon the transfer of the unit’s ownership.
EGP371,700/mo
Price-to-Rent Ratio
The price-to-rent ratio is calculated at the individual home level, where the sales price is divided by 12 times its monthly rent price.
9
Rental Yield
This is the gross rental yield based on the estimated rental rate. To calculate this figure we use the average monthly rent rates (for 1-year contracts) from other 1 bedroom apartments at Princess Resort, and the current sales price.
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