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 EGP2,340,000 (EGP52,000/SqM).
hurghada heights . Hurghada Promenade in hurghada
Hurghada Heights is a modern residential project located directly on the Hurghada Promenade, one of the city’s most attractive coastal areas. It is only 5 minutes from Hurghada International Airport and 10 minutes from the Hurghada Marina and city center, making it an excellent choice for international buyers and holiday homeowners.
The project offers a variety of units, including studios, 1-bedroom, and 2-bedroom apartments designed for comfort and investment value.
Facilities include five swimming pools, one of which is heated and two located on the rooftop with panoramic views. The community also features a modern reception area, 24/7 security, full CCTV coverage, central satellite, cafés, restaurants, and retail shops for daily needs.
Flexible payment plans are available:Studios:• 30% down payment with installments over 36 months• 40% down payment with installments over 48 months
1 and 2 bedrooms:• 15% down payment with installments over 36 months• 20% down payment with installments over 48 months
Project delivery is scheduled as follows:Phase 1 (Buildings 1, 2, 4, 5): 2027Phase 2 (Building 3): 2028
For more information or unit availability, please contact us.
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.
EGP234,000/mo
Listed By
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Agent / Partner
Electricity PriceN/A
Water PriceN/A
Unit IDU5921234
Investment Opportunity: Charges & Yield
Sale Price
EGP2,340,000
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.
EGP234,000/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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