Palma Resort, Hurghada, Egypt

Palma Resort, Hurghada, Egypt

This resort is built to the highest specification and ideal for European clients looking for a genuine investment at fantastic prices.

Why invest in Hurghada?
It's THE place for all Windsurfing, sailing, deep-sea fishing, swimming, but above all snorkelling and diving. The unique underwater gardens offshore are some of the finest in the world, justifiably famous amongst divers. The warm waters here are ideal for many varieties of rare fishand coral reefs, which may also be observed through glass bottom boats. Hurghada is known as a party town, particularly among Europeans. Locals and others will tell you that life begins at night in Hurghada, with the many, many clubs.

The capital growth potential here is huge as are the rental returns - approximately 8.5 - 9 MILLION tourists visit Egypt each year, about 1 Million being from the UK. Hence the rental market on the Red Sea area of Hurghada is huge and likely to continue growing as the Real Estate market continues to rise. Direct flights from Manchester and London Gatwick to Hurghada offer easy direct access to this pristine location.

Facilities and Specification

• Private and exclusive beach
• On-site dive centre, kite surfing and windsurfing (tuition provided at cost locally)
• Beach side bar and bistro
• Private 'jetty' marina
• 2 large heated pools and a children’s pool
• Children’s play area
• Private games area
• Hotel style reception area with room service, concierge
• Continental piano bar with live music
• A La Carte restaurant
• Satellite TV, Internet broadband, Telephone system (all apartments have access to on a pay as you use basis)
• Gated 24 hour secure entrance
• Underground car parking available
• On site travel agents for tours, dives, trips etc
• Shuttle bus to Hurghada and El Gouna
• Private gardens

Payment plan (A)
£1,000 reservation fee
35% at exchange of contract
35% due in 5-9 months, depending on apartment block
30% on completion

Payment plan (B)
50% on exchange
50% on completion which will include legal fees paid by the developer.

Prices start from £26,995 for studio apartments

Key facts

• Prices from £26,995
• Completion 2009
• Unit types Studios and 1-2 bed apartments

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