Guaranteed rental property in Egypt
Looking for a rental return property in Egypt? The easiest way to get complete peace of mind is to look for a property with a guaranteed rental income. A guaranteed rental property means the owner/developer or a rental agency will sign a contract which will guarantee you a certain rental income per year for a number of years. This rental income is normally paid annually in arrears and has to be paid out to you whether the property is rented or not.
The Catch is that the rental income maybe lower than what you could achieve renting on your own, however you do not have the risk factor involved. In newly emerging markets, guaranteed rental deals can be quite attractive due to virgin property and rental markets.
Two current guaranteed rental deals are available in:
- Sahl Hasheesh
Read on to find out about the guaranteed rental properties in Egypt.
Guaranteed rental property in Hurghada
Hurghada Dreams, located in the Arabia area of Hurghada is currently on offer with a 5 year guaranteed rental deal offering a 40% return over the period of the rental contract. The apartments are also being sold fully furnished at the moment. This deal is on offer on a limited number of 1 bedroom apartments which the developer has identified for a long term let. The deal is as follows:
- 5% per year guaranteed rental for the first 2 years
- 10% per year guantranteed rental for the next 3 years
- Apartments come furnished
- Up to 2 weeks free holiday use per year #
Pyramisa Sahl Hasheesh is currently the only available property in Sahl Hasheesh with a guaranteed rental income. In fact the Pyramisa rental package is the best we have seen in Egypt, and this is mainly due to the fact that Pyramisa is one of the largest Hotel chains in Egypt. The deal is as follows:
- 7% of the properties price guaranteed return per year for 10 years
- Apartments are fully furnished and managed
- There is a guaranteed buy back available so any time you want to exit Pyramisa will guarantee to buy the property back from you!
- 4 to 8 weeks per year free personal holiday use at any Pyramisa Hotel
- 100% freehold ownership