Ancient Sands Golf Resort, El Gouna, Egypt - 2 Bed Townhouses
USD $473,616
Ref: PPF_151_4932_Ancient2bTH
2 Bedroom(s), 2 Bathroom(s) |
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Minimum 6% guaranteed rental, with 45 days personal use when entering into the rental management agreement
In 2006 over 200,000 tourists visited El Gouna
Last year El Gouna had an occupancy rate of 83%
The resort will be home to an 18 hole Karl Litten designed golf course
Freehold Ownership, which is a rarity in Egypt
10% pre launch price reduction
El Gouna has experienced a 20% growth in property prices since 1999
Tourism in Egypt is expected to grow by 6.9% per annum until 2018
Description
Egypt in recent years has experienced very high levels of tourism; in 2007 11million tourist arrived in the country. This high level of visitors is not only expected to continue but to increase by 6.9% per year until 2018 according to the World Travel and Tourism Council.
Foreign Direct Investment into Egypt is at a record high with many of the oil rich countries investing large sums of money into the country.
House prices in Egypt have grown at a steady 15% year on year since 1999, and are expected to continue growing.
Location
Arguably Egypts most coveted resort, El Gouna has established itself as the domain of the wealthy, the classy and the privileged. This is where Cairo professionals escape to at the weekends and where discerning European travellers head to for the ultimate luxury experience. Spectacular scenery, exemplary facilities and the highest build quality are trademarks of El Gouna.
El Gounas real estate market has experienced a 20% increase in prices since 1999, this is expected to continue at a steady 15%. In 2006 over 200,000 visitors stayed in El Gouna, meaning an 83% occupancy was achieved.
Properties
Ancient Sands Golf Resort will offer the best in facilities and living in El Gouna. With an 18 hole Karl Litten designed golf course, holistic 5 star spa and luxury concierge services offered by Quintessentially, the resort offers pure luxury to owners and guests a like.
During the pre launch phase, investors are eligible to receive prices 10% below launch prices, preferential payment schedules, a minimum guaranteed net rental of 6% for two years and 45 days complimentary use. Luxury apartments and townhouses are available from just $157,108, if utilizing the available 60% mortgage you can invest from just $62,843.
Owners receive many benefits including 1 years free membership to Quintessentially as well as 1 years golf membership, also the El Gouna owners card will give owners discounts on many facilities and green fees throughout El Gouna.
Payment Schedule
A $5,000 reservation deposit is required upon blocking your unit
Upon signing the Sale Purchase Agreement 20% of the purchase price, less $5,000 deposit, is required
6 months after the signing if the SPA a further 20% is payable
Upon completion 60% of the purchase price is required
More property photographs
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