Sunrise Heights, Sharm El Sheikh, Egypt

Sunrise Heights, Sharm El Sheikh, Egypt

The development is located on a prime piece of land overlooking Naama Bay in the heart of Sharm El Sheikh. Situated in the already established tourist destination it offers investors the chance to purchase in an area with a high demand for residential accommodation, with excellent tax benefits and capital appreciation of 20-30%.

Sunrise Heights is a low density development featuring apartments made to an excellent European standard including air-conditioned (hot and cold), wireless internet and satellite television, as well as landscaped gardens and 3 communal swimming pools. 

Interior and exterior finishes are of a high European standard with particular attention given to the bathroom and kitchen areas, bringing them in line with European needs along with the desire for ample natural light and ambience.

There are 44 units in total with sizes starting from 53m2 - 80m2, and most units have uninterrupted views of the sea.

A first class tourist resort in a superb location with excellent investment potential.

Key Highlights

• 20% - 30% achievable capital appreciation
• Excellent Rental Projections
• High demand for residential accommodation
• Exit strategy due to established tourism industry
• Closest residential complex to Naama Bay
• Built to European Standards
  

Why Egypt?
Egypt is one of the most appreciated and well known tourist destinations in the world. Sharm El Sheikh is one of the best known tourist destinations in Egypt and an investment hot spot. It is situated on the southern point of the Sinai Peninsula. 

Why Sharm El Sheikh?
Prices of property in Sharm El Sheikh are notably lower than in Europe, with constant annual growth thanks to the investment boom on the Red Sea.

Construction Schedule
Construction commences February 2008 for a period of 15 months, with completion in May 2009.

Key facts

• Prices from £38,000
• Completion May 2009
• Unit types 1-2 bed apartments

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