 Marlion Residences, Hurghada, Egypt Marlion Residences is located on the beaches of Hurghada; an area which is very much in the early stages of the property investment revolution. It is an area which is expected to produce prolonged growth. With foreign nationals now having the option to buy in Egypt, property prices have been rising consistently in the Sahl Hasheesh and Sharm-El-Sheikh area, and at present are almost 4 times greater than Hurghada. Bearing this in mind, there is even fewer opportunities to purchase apartments in Hurgada directly on the beach. With Marlion Residences being 15 minutes away from the old town – the tourist hub of the region, we have compiled an excellent package purely aimed at UK and overseas investors as follows: - Prices from £700 per SQM - Discounted by approx 15% – Prices of similar projects are selling at over £825 per SQM.
- Low purchase costs with guaranteed rental income in place
- 1st price increase of 10% in place for April 2008.
- 2nd price increase of further 10% in place for end 2008.
- Excellent rental investment opportunity with 10% p.a. guaranteed for 5 years.
- Equity growth of around 35% of initial investment with potential 100% ROI in under 24 months (if resold)
- Unique exit strategy in place – with 2nd stage property market just taking off in Hurghada, all investors have an opportunity to re-sell, pre-completion within a 2 year window.
- Up to 65% finance available upon completion.
- All properties are freehold and complete in March 2010.
- No capital gains tax and no inheritance tax.
- Prices start from £32,500
Guaranteed Rental Investment
The apart-hotel complex will be fully managed by a dedicated management company, and will offer all purchasers a guaranteed rental income of 10% per annum for 5 years. Buy To Sell Exclusive - Over 200% Return on Investment
This is an excellent opportunity to acquire an apartment in an emerging location with prices starting from £32,500 for a studio apartment. Marlion Residences is sure to attract many investors who wish to see an excellent return on their investment within a span of 18-24 months. With these prices, the initial deposit of 35% means the level of entry into this investment is £13,375 and with the current 15% discount and even with all costs considered and assuming a very modest 20% increase in prices over the next eighteen months, investors should realize over 100% staggering return on their investment. Launch Incentives
In order to kick start the sales for Marlion, the developer is currently offering the following early bird incentives. - The first 50 reservations will be entitled to paying only a £2,000 reservation fee plus a 35% deposit.
- No further payments until completion.
Key facts - Prices from £32,500
- Completion March 2010
- Unit types Studios and 1-3 bed apartments
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