Egypt real estate, particularly on the Red Sea Riviera, is famed for being among the least expensive in the world. Note the use of least expensive; in marketing circles it is frowned upon to use the word cheap, but that is not why I have avoided it here. I have avoided it here because Red Sea property is not cheap; it is a bargain because of what you get for your money.

Egypt is one of the fastest growing tourism hot-spots in the world. In an interview with Write About Property earlier this year, the Association for British Travel Agents said that tourism to Egypt from Britain had been growing at around 20% per year for the last few years, and forecast that this would accelerate to 25% this year, as the strong Euro forces people to look outside the Eurozone for cheap holidays.

The Red Sea Riviera encapsulates some of Egypt’s fastest growing tourism hot-spots, most notably Sharm el-Sheikh and Hurghada. In both of those locations you can find the best investments and holiday homes that Red Sea property, and arguably Egypt real estate as a whole has to offer.

The average price for a 2 bedroom luxury apartment on the Red Sea Riviera is under £40,000. The average rent on one of those properties would be about £300 per week. Owners of Red Sea property are currently achieving 15-20 weeks occupancy per year. Doing the calculations from those figures the average rental yield on property on the Red Sea Riviera is 12.5% gross.

It is little wonder then that most Red Sea properties for sale right now are offering very impressive guaranteed rental yields of 8% and upwards.

But Red Sea property comes with another massive benefit.

“Most of the Red Sea Riviera is a National Park, or belongs to some protectorate, both under water and on land. Desert and marine life are protected by a number of laws, and visitors not abiding to the regulations may be subjected to heavy fines.” Source Wikipedia.

Therefore, anyone buying Red Sea property can do so safe in the knowledge that the area will never be over-developed. This also means that demand will continually outstrip supply, which will put massive upward pressure on Red Sea property prices long into the future.

Most people buying Egypt real estate — like most places — at the moment, are doing so on a fly-to-let basis, because the crunch showed everyone that capital values can go down as easily as they can go up. None the less, the potential for capital growth will always be a factor in the decision making process. So adding the protected area reinforcement of the potential for capital growth, to the impressive rental yields mentioned above, Red Sea property offers a pretty powerful investment package.

That is before we even mention the things that the tourists come for: the fantastic climate, great beaches and world renowned marine life that attracts scuba divers from all around the world, which make Red Sea property perfect for lifestyle buyers also. All in all you could say property on the Red Sea Riviera has something for everyone.

Harmony is a luxurious 5* resort located in a prime beachfront location in the fast evolving Al Ahyaa district of Hurghada, just minutes from the luxurious marinas, golf courses and lagoons of El Gouna and the bustling centre of Hurghada.

Harmony is a resort which caters for everyone’s needs, from those wanting a simple holiday home to those wanting to spend months enjoying the sunshine or wishing to retire.

The resort is situated in a new zoning area, meaning that all plots cannot be built in front of a promenade. The advantage of this over other beachfront plots is that you can walk besides the sea on the promenade in front of all the hotels and projects in the new zoning area, which is something that is not possible in other parts of Hurghada or Al Ahyaa as this new system was not in place when developers built right on the beach, so sea views are blocked.

Harmony Lagoon Resort has just been re-launched, with a special offer whereby the first 50 buyers will get a special 15% discount from the launch prices. This makes Harmony Lagoon Resort currently the most affordable first line beachfront development in Hurghada today, with prices starting from under £600 / m2. This makes the cheapest units extremely affordable, with prices starting from just £20,000 / €23,000. Harmony Lagoon Resort also offers generously long payment terms, with only 50% to pay in the first 12 months.

Guaranteed Rental Scheme with returns of 7-9% per annum over a three year period.

Featuring a wide variety of apartment types and sizes at highly affordable prices, Harmony is the perfect choice for anyone looking at investing in frontline property.
 
Harmony Lagoon Resort – Location
Harmony Lagoon Resort is located in the fast developing Al Ahyaa district to the north of Hurghada, just 2km from the luxury resort of El Gouna, famed for its lagoons, marina and PGA Championship golf course.

The centre of Hurghada is a little over 15 minutes away by taxi or Harmony’s free shuttle bus, as is Hurghada International Airport.

This frontline beach development is in a newly zoned area in front of a promenade which stretches around the bay, allowing visitors to stroll along the beach for miles, enjoying the view.

>> More information on our range of Red Sea property.  

Harmony Lagoon Resort – Features and facilities

• Frontline property with access to own private beach
• Sea views from most apartments
• Just 2km from the golf courses, marinas and lagoons of El Gouna
• Central area with four large swimming pools and lagoons
• Exclusive, stylish design from a top architect
• Shuttle bus to central Hurghada
• Aqua centre for water sports
• Diving centre
• Pier for swimmers
• Children’s play area and swimming pools
• Landscaped gardens
• Cafes and restaurants
• Shopping centre
• Supermarket and pharmacy
• Health club with fully equipped gym
• Laundry service
• Internet cafe
• Excursion centre
• Wi-fi internet access
• Property management and full rental service
• Guaranteed Rental Scheme offering 7%pa in year 1, 8%pa in year 2 and 9%pa in year 3, with 4 weeks per year personal usage
• Furniture packs available from £5,500 for a studio, £6,995 for a 1-bed and £8,995 for a 2-bed
• Annual maintenance fees of £700-1000 per annum

Harmony Lagoon Resort – Finishings

• Marble flooring on all floors and stairways
• Bathroom and terraces floors with ceramics
• Tiling in bathrooms
• Windows with aluminium or wooden surround and doors in brown wood
• Rendered walls painted in plastic-coated paint
• Exterior front door and handle
• Electrical installation with power points and light switches
• Pre-installation for digital TV, telephone sockets, television and Internet
• Prepared connections for dish washer and washing machine
• Fully-fitted kitchen including marble counter top, stainless steel sink with mixer taps
• Kitchen units in an oak veneer finish
• Bathroom sanitary fittings (toilet, sinks and bath/shower) with mixer taps
• Sink counter in marble
• Water heater
• Fully integrated air-conditioning units throughout

Harmony Lagoon Resort – Completion
Construction on Harmony Lagoon Resort recommenced in February 2009. Blocks C, D and E will be completed in February 2011. Blocks A and B will be completed in February 2012.

One bedroom apartment – £41,097.00

If you would like to find out more about our extensive range of Hurghada property, why not visit our main site at Offplanworld.tv, where we offer a wide selection of off-plan investment opportunities throughout Egypt.

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Scattered along the picturesque shores of the Red Sea, the resorts of Sharm El Sheikh, Hurghada, El Gouna and Marsa Alam are now amongst the most popular tourist destinations for the large European travel market.

Every year, large numbers of visitors are attracted to the region by the superb beaches, world class scuba diving and international cuisine. These attractions, coupled with the relatively cost of travelling to Egypt (especially in relation to the Euro), have meant that Egypt is set to be the destination of choice for people looking for a summer vacation in 2009.

The dramatic increase in visitor levels to the region over the past two years, coupled with the relatively low price of property in the region has meant that property in the Red Sea resorts has become increasingly desirable in recent times, as investors seek to capitalise on the increasing investment opportunities available throughout the region.

The Red Sea resorts cover a large area of western Egypt, ranging from Marsa Alam in the far south, up to the hugely popular resort of Sharm El Sheikh on the southern tip of the Sinai Peninsula. Relatively undeveloped, the entire region offers huge scope for future development, as the resorts gradually expand along the large stretches of available coastline. It would be fair to say that it is this scope for future growth in the Red Sea which is really proving attractive to investors and property developers alike, who are beginning to look at Red Sea property as a long term investment opportunity.

Alongside the relatively low cost of property in Egypt, and the increasing levels of tourism into the country, other factors have also combined to develop the investment opportunities available. In particular, the Egyptian government has adopted a pro-foreign investment stance in recent years, which has undoubtedly paid dividends as large numbers of investors seek to capitalise on the pro-investment environment being created in Egypt. This, coupled with the increasing accessibility through the increased number of cheap flights to the region has meant a large increase in investor interest on a scale not previous seen in Egypt.
 
For more information on our range of Red Sea property, why not visit our main site at Offplanworld.tv, where we offer a wide range of Egypt property including apartments throughout Sharm El Sheikh, Hurghada, El Gouna and Sahl Hasheesh.

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.