Located in the Mugla district of Turkey, the modern day city of Fethiye is in fact located on the site of the historical city of Telmessos. One of Turkey’s most popular tourist destinations, over 50% of the town’s population is employed within its rapidly expanding tourist industry. A real beach lover’s paradise, Fethiye offers over 3 kilometres of superb beaches, which are home to a wide variety of water sports and other activities.

Situated in Turkey’s picturesque Mugla region, the town of Fethiye is quickly becoming one of Turkey’s most popular tourist destinations, with large numbers of visitors keen to experience Fethiye’s stunning stunning scenery, beautiful beaches and superb climate. In fact, such is the growth of the numbers of tourists to Fethiye, that today over half the town’s population is employed within it’s rapidly expanding tourism industry. A genuine beach lovers paradise, the region has over 3 km’s of beautiful beaches at its disposal, which are home to a wide variety of watersports including fishing, water-skiing and sailing.

The modern day city of Fethiye, is also richly endowed with historical significance, being situated on the site of the ancient city of Telmessos. Alongside the beautiful beaches and modern resorts and hotels can be found a wide range of historical sites and ancient ruins. Dating back as far the 4th century BC, the ruins and ancient rock tombs offer a facinating insight into the rich history of this part of Turkey.

Recent fluctuations in currency throughout the Eurozone has meant that Turkey has become an increasingly popular tourist destination, as tourist look to capitalise on the lower prices for visiting the region. In fact, for the first six months of 2008, Fethiye saw an increase of over 15% in tourist visitors, a figure which is expected to increase still further in 2009.

Alongside the rapid expansion in tourist visitors to the region, the demand for property in Fethiye has increased considerably over the past twelve months, as investors and people looking for a long term holiday home look to capitalise on the lower price of property in Turkey. Today a number of luxury developments are being carried out throughout the Fethiye region, offering a wide selection of accomodation options ranging from studio apartments through to spacious villas.

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Kamareia Resort is a luxurious, new, low-density development that is being built in one of Hurghada’s most upmarket locations – nestling between the villas of Mubarek 6, which are very popular with Europeans, and the exclusive villa district of Magawish.

As opposed the majority of developments in Hurghada which contain five floors, the buildings at Kamareia contain just three. Containing perhaps the lowest density of buildings of any development in Hurghada, the large gardens at this resort give a feeling of openness and tranquility, despite the fact that it is located right in the heart of the town.

Constructed in the classic Nubian style, similar to many of the buildings in the luxurious El Gouna resort, Kamareia features a combination of differing sizes of apartments and villas together with a hotel. Facilities including three large swimming pools, tennis courts and a health club give a variety of entertainment options inside the resort, with all of Hurghada’s many attractions just a short taxi ride away.

Kamareia Resort – Location
Kamareia Resort is located in Hurghada’s fashionable Intercontinental area, close to some of the town’s most luxurious hotels such as the Intercontinental, Steigenberger and the Hilton Resort.

To the north of the development is the villa district of Mubarek 6, home to many of Hurghada’s long term European visitors. To the south is the luxury villa district of Magawish, where many of Hurghada’s elite have made their homes.

Opposite Kamareia Resort is the popular development of Lotus Breeze. 

The area is just a few minutes walk from the southern end of Hurghada’s Village Road, which contains a wide range of entertainment options including the Hard Rock Cafe and Little Buddha.

The development is only 800m from a public beach and marina. A free shuttle bus service will connect the resort to the beach and also to Hurghada International Airport, which is well under ten minutes away from the resort.

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Kamareia Resort – Features and facilities
 Three large swimming pools
 Low density development containing a low ratio of buildings compared to the large area of landscaped gardens
 Free shuttle bus service linking Kamareia Resort with the local public beach and also to Hurghada International Airport
 Sports facilities including tennis court and five-a-side soccer pitch
 Children’s playground
 Residents can use all of the facilities of the attached hotel including its bars, restaurants and coffee shops
 On site shops including a supermarket and pharmacy
 On site internet cafe
 On site medical clinic
 Health club
 Private parking spaces
 Centralized satellite television
 High speed Internet to all apartments plus wi-fi
 Public reception area
 24 hour security
 Full management service available
 Maintenance fee of USD7.50/m2 per annum (revised every two years)

Kamareia Resort – Finishing’s
 Ceramic floor tiles throughout
 Aluminium powder coated windows frames and balcony doors
 Rendered walls painted
 Internal doors with locks and architrave
 All electrical power points and light switches
 Sockets for internet and telephone
 Granite work surface in kitchen, plus stainless steel sinks with mixer taps
 Plumbing for washing machine and dishwasher
 Ideal Standard toilet, washbasin and shower
 Marble vanity shelf, extractor fan and ceramic wall tiles in bathrooms
 Pre-installation for air-conditioning

Kamareia Resort – Payment Schedule
 40% deposit payable upon contract.
 25% three months following signature of contract
 25% six months following reservation
 10% upon completion

Kamareia Resort – Completion
Completion of Kamareia Resort began in 2007. Completion of Phase One of the resort is scheduled for mid 2009. Completion of the entire resort is scheduled for mid 2011.

>> More information on the Kamareia Resort.

Overlooking the azure blue waters of the Red Sea, the Palme Royale is a five star aparthotel which is designed to cater for the more discerning resident. From the luxury beachfront villas and townhouses, through to the spacious studios and apartments, the Palme Royale has soemthing to offer for every taste and budget. Perfected situated on the beach front, the Palme Royale is set amongst lush tropical gardens, with infinity pools which blend into the blue ocean beyond.

Expertly managed by an experienced Swiss International hotel chain, your investment at the Palme Royale will be managed to maximise your long term rental returns. The resort currently offers a generous 6% rental guarantee scheme as it is in it’s launch pkase, however long term returns are projected to be far higher than this due to the areas high occupancy rate (in excess of 80%) for luxury hotels. As the Palme Royale is currently still in it’s launch phase, the first fifty buyers will be offered an extra 10% discount. This discount will be taken off the initial payment on contract, and as such the first payment would represent only 30% of the total (non-discounted) price. 

Hurghada has grown in recent years to become one of the Red Sea’s most prominant resorts, and one of Egypt’s most popular destinations for people looking to purchase property in the Red Sea. Tourist in the resort is showing considerable growth, and with the area still at a relatively embryonic stage, it is estimated that growth rates in Hurghada will remain around 20-25% for the foreseeable future.

The Palme Royale is due for completion in October 2011. The reservation fee is currently €2,000.00 which is fully refundable until signature of contract.

For more information on the investment opportunities at Palme Royale, and the rest of our portfolio of investment property in Hurghada, why not visit our main site at Offplanworld.tv.

As always here at the blog we endevour to keep our clients updated with all the new developments which we launch through the main site at Offplanworld.tv. Therefore, we are proud to announce that we have further extended our portfolio of luxury Red Sea property, through our new partnership with Ancient Sand Resort in El Gouna.

The resort is a luxury gated development is situated in the very heart of El Gouna, one of the Red Sea’s most popular luxury tourist destinations. Offering a wide range of luxury villas and spacious and stylish apartments, built amongst the 18-hole Karl Litten designed golf course, the Ancient Sand Resort is set to become one of El Gouna’s premier destinations.

Alongside the grand golf course club house, the resort offers a selection of facilities to cater for the residents every requirement. Refreshing swimming pools, tranquil spa’s, delicious restaurants and stylish bars are scattered throughout this luxury resort which is situated on a picturesque hilltop piazza overlooking the Red Sea.

The Ancient Sand Resort represents a truely exceptional investment opportunity, with anticipated net yields of around 7% after management fees are deducted. As well as the considerable opportunity for capital return, the resort also offers a generous 45 days personal use allowance, ensuring investors can truely benefit from this superb opportunity.

The resort is currently offering a range of stunning studios, one and two bedroom apartments, as well as a select number of spacious two bedroomed townhouses.

For more information on the investment opportunity at Ancient Sand Resort, why not visit our main El Gouna property information channel on the Offplanworld.tv website.

A new report out this week from Jones Lang LeSalle has provided good news for the Istanbul property market. The new report, entitled Istanbul Real Estate Review, has shown that despite the challenging global economic climate, the market for residential property in Istanbul remains extremely buoyant, with signs showing strong potential for further growth.  The report details how Istanbul offers considerable opportunities for people looking to buy property in the region as the increasing levels of demand for residential real estate in Istanbul continues to outstrip supply.

The major factor affecting the prices of property in Istanbul is the shortage of available land for development in and around the city centre, which has resulted in a number of developers announcing larger projects around the periphery of the city. These developments have done little to appease the considerable demand for property in the central region, which is estimated to be around 250,000 new units per year until 2015. Current supply levels are estimated to be around 180,000 units per year, resulting in increased demand.