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 EGP3,210,000 (EGP71,300/SqM).
Studio 45 Sqm pool view located in Hurghada Heights.
new project on hurghada promenade – hurghada heights
located in the heart of hurghadas most prestigious tourist promenade. spanning 6.100 m²
unit types
studios: 32 to 47 m²
one-bedroom apartments: 51 to 70 m²
two-bedroom apartments: 76 to 97 m²
price per square meter: 41.000 to 65.000 egp
project amenities
5 swimming pools (including a heated pool and 2 rooftop pools with panoramic views) - modern reception area + 24/7 security - integrated cctv system - central shower system - cafes and restaurants + retail shops
flexible payment plans – interest-free
studios:
20% down payment + installments up to 36 months
30% down payment + installments up to 48 months
apartments (1 & 2 bedrooms):
15% down payment + installments up to 36 months
20% down payment + installments up to 48 months month
delivery: 2027
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.
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Listed By
Developer
Electricity PriceN/A
Water PriceN/A
Unit IDU5993976
Investment Opportunity: Charges & Yield
Sale Price
EGP3,210,000
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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