This property is a 45 SqM studio apartment with 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 EGP2,790,000 (EGP62,000/SqM).
hurghada heights . Hurghada Promenade .
Hurghada Heights is a new residential project in a prime location, directly on the Hurghada Promenade. Just 5 minutes from Hurghada International Airport and 10 minutes from the Marina and city center. The project is surrounded by luxury resorts, shopping malls, cafes, and fine dining options, with easy access to beaches and water sports.
The development offers a wide range of facilities, including five swimming pools (one heated and two rooftop pools with panoramic views), a modern reception, 24/7 security, full CCTV surveillance, central satellite system, cafes, restaurants, and retail shops for everyday needs.
Flexible payment plans are available:
Studios:30% down payment with installments over 36 monthsor 40% down payment with installments over 48 months
One and two-bedroom apartments:15% down payment with installments over 36 monthsor 20% down payment with installments over 48 monthsor 30% down payment with installments over 60 months
Project delivery timelines:Phase 1 (Buildings 1, 2, 4, 5): 2027Phase 2 (Building 3): 2028
This is your chance to own a home or invest in one of Hurghada’s most attractive and strategically located developments. For more information, contact us directly.
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.
EGP2,790,000/mo
Listed By
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Agent / Partner
Electricity PriceN/A
Water PriceN/A
Unit IDU5736504
Investment Opportunity: Charges & Yield
Sale Price
EGP2,790,000
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.
EGP2,790,000/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.
8
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 studio apartments at Princess Resort, and the current sales price.
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