Egyptian Pearl

Overview

Egyptian Pearl is situated in the El Kawsar area of Hurghada, south of Hurghada city centre. Most of the development in Hurghada is taking place in this area and land in the zone is hard to come by. Egyptian Pearl is one of the last projects to be undertaken in the zone which means that by the time work has finished on the
development nearby building will have ceased. After this the vast majority of work in the area will take place outside of the city at higher prices, making this one of the last opportunities to invest in this area at this price.
In an emerging market location is all important; in Hurghada there are a large number of entry level developments in poor locations, outside the town, next to the main dual carriageway or miles from the beach. This sort of development will struggle to resell in five years time even when there is a well developed resale
market. Egyptian Pearl avoids these pitfalls by being well based, in the quieter south of the town, while still within walking distance of the main amenities, near the end of the new promenade and close to a public beach.
Egyptian Pearl is a small, smart and modern development with large apartments all looking out over private gardens and pool. The development also has exclusive access to the private beach of the Intercontinental Hotel. The developer of Egyptian Pearl is British based but has a large amount of operational experience in Egypt with existing projects that have already been completed to a high standard. Management for the development is taken care of by visit-hurghada.com who are the largest rental management company in Hurghada. Their developments are currently marketed on Expedia, Hotwire and Travelocity websites amongst many others. These apartments are very marketable, appealing to young people coming to Hurghada to enjoy the growing club scene as well as divers who are attracted by Hurghada’s world class diving and older people just looking for guaranteed sun in an exotic location.
There are around 40 units remaining in this development for a deposit of 50% with mortgages of 50% available on completion. The mortgage market in Egypt is very young but this market is likely to develop over the next year leaving the door open for more attractive deals. This payment plan means that one can invest from as little as £11,500, with mortgage payments of less than £2,000 per annum and good yields coming from the day Egyptian Pearl completes.