There are a number of developments in both Hurghada & Sahl Hasheesh which are offering guaranteed rental returns. At a time when Bank rates are at their lowest, guaranteed rentals from 5 – 10% over periods from 2 – 10 years look very attractive to investors.
Guaranteed rental property is appealing for the following reasons:
- Peace of mind – guaranteed income without owner having to manage the property
- Fixed term contract, rates & period guaranteed whether the property is rented or not
- New property is more difficult to rent than established developments, the guarantee covers the first years.
We currently have 2 developments in Hurghada which offer guaranteed rental:
1. Hurghada Dreams
The prestigious Hurghada Dreams development which boasts uninterrupted sea views from most apartments, is now nearing completion and enables investors to begin achieving an immediate return. The key features include:
- 5 years guaranteed rental
- 5% over the 1st 2 years
- 10% over the following 3 years
- 2 weeks personal use per year
For more information on Hurghada Dreams please visit the following link: Hurghada Dreams
2. Harmony Lagoon Resort
Harmony From the beach
The luxurious beach front Harmony Lagoon Resort also offers a lucrative guaranteed rental package. Unlike Hurghada Dreams which is key ready, Harmony is an off-plan development which will suit investors with longer term plans. Completion for the 1st stage is set for February 2011. The key features include:
- 3 years guaranteed rental period
- Interest rates rising from 7% in the 1st year to 9% in the 3rd year
- 4 weeks free usage per year
- Kitchen and air conditioning included in apartments as standard
For more information on this development please visit the the following link: Harmony Lagoon Resort
The up-market resort of Sahl Hasheesh located just 25 km from the town of Hurghada currently has 4 developments offering buyers a lucrative guaranteed rental option.
3. Pyramisa Beach Resort – Sahl Hasheesh
Pyramisa Beach
Pyramisa is the longest established development in Sahl Hasheesh & as a key ready development will offer investors an immediate return. The key features of the rental package include:
- Up to 10 years guaranteed rental
- Interest rates of 7% paid annually
- 4-8 weeks personal usage per year
- Personal usage at any Pyramisa Resort
- Guaranteed buy-back
For more information about Pyramisa please visit the following link: Pyramisa Sahl Hasheesh
4. Paradise Gardens – Sahl Hasheesh
Paradise Gardens
Paradise Gardens is a new off-plan development with an enviable location, postioned opposite the public beach and Around the World at Sahl hasheesh. Construction is currently underway with completion expected in March 2010. Key features include:
- 2 years guaranteed rental period
- 5% net for studios & 1 bedroomed apartments
- 6% net for 2 & 3 bedroomed apartments
- 4 weeks personal usage per year
For more information on Paradise Gardens please visit the following link: Paradise Gardens Sahl Hasheesh
5. Azzurra – Sahl Hasheesh
Azzurra
This luxurious but affordable 5* resort is ideally placed in Sahl Hasheesh close to the old town & sunken city. Expected completion date is August 2010. Key features include:
- Guaranteed rental period of 2 years
- 5.5% payable annually in arrears
- or 9% payable in advance
- 8 weeks free personal use per year
For more information on Azzura please visit the following link: Azzurra Sahl Hasheesh
6. Sunset Pearl – Sahl Hasheesh
Sunset Pearl is a key ready development located in plot 5B of Sahl Hasheesh. The project enjoys an elevated aspect offering fantastic sea views. The complex is also surrounded by Golf Courses. Key features include:
- Key ready development
- 3 year rental guarantee
- 5% for year 1, 6% year 2, 7% year 3
- Following years at 70% of the rented rate
- 5 weeks per year free holiday use
For more information on Sunset Pearl Visit the following link: Sunset Pearl Sahl Hasheesh
Development Comparison Table
| Hurghada Dreams | Harmony | Pyramisa Beach Resort | Paradise Gardens | Azzurra | Sunset Pearl | |
|---|---|---|---|---|---|---|
|
Distance to beach
|
50m
|
Beach Front
|
Beach Front
|
100m
|
200m
|
175m
|
|
Starting Price:
|
£28,066
|
£27,911
|
€61,100
|
€56,810
|
$50,218
|
€69,580
|
|
Furniture
|
No
|
No
|
Yes
|
No
|
No
|
No
|
|
Rental Guarantee
|
5% 2 years then 10% for 3 years
|
7%, 8%, 9%
|
7% per year
|
5% For Studio & 1 bed, 6% for 2 & 3 bed
|
5.50%
|
5%,6%,7%
|
|
Guarantee length
|
5
|
3
|
10
|
2
|
2
|
3
|
|
Completion
|
Almost Complete
|
April 2011
|
Complete
|
March 2010
|
Aug-10
|
May-09
|
|
Deposit
|
60%
|
25%
|
25%
|
25%
|
25%
|
40%
|
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May 13th, 2009 → 3:31 pm @ Property in Egypt