Zafarana Beach Resort
Frontline 5-star development on the sun-drenched Red Sea Riviera. Average 10% bank-backed rental guarantee. Prices starting from €26,500.
Investment Overview
- Frontline 5-star development on the sun-drenched Red Sea Riviera
- Average 10% bank-backed rental guarantee over 5 years
- Extremely competitive off-plan purchase price, starting from only €26,500
- Predicted capital appreciation of 100% over six years
- On-site diving facilities to take full advantage of the virgin coral reef lying directly off-shore of the resort.
- Egypt experiences 365 days of sunshine per year, resulting in a year-round season
- Freehold ownership
- Industry leading Dutch developers
- Renowned as the world?s premier diving site
- Private beach and coral reef
- An extensive list of on-site facilities
- A new airport is in planning 50km to the north of the development with an expected completion date of 2010
- Mortgage options available
Development Specifics
- Freehold ownership
- The development is being built to international standards; each stage of construction will be monitored to ensure strict compliance
- Renowned as a world premier diving site
- Private beach and coral reef
- The only resort in the area to have on-site Scuba diving school and water sports
- Gated development with 24hr manned security, after sale maintenance and rental services
- Eco-friendly construction with power generation through waste recycling and a desalinisation plant for the water supply
- A comprehensive list of facilities, including:
- Salt and fresh water pools
- Restaurants
- Nightclub
- Marina
- Tour services for water and desert activities
- Wellness / fitness centre
- Diving shop
- Bars
- 24 hour concierge
- 24 hour reception and room service
- Amphitheatre
- Off-road motorsport centre (20km north of the resort)
- Shops and supermarket
- Botanic gardens
- Tennis and squash courts
- Mini golf
- Medical and dental surgeries
- Complementary shuttle service
- Limousine service
- LAN internet connection in all apartments, WiFi in the hotel
Properties
One and two bedroom apartments and three bedroom semi-detached villas.
1 bedroom apartments:
Total Area: 53m2 (45m2 living space)
Price: from €26,500
2 bedroom apartments:
Total Area: 93-137m2 (average 77m2 living space)
Price: from €39,950
Villas:
Bedrooms: 3
Bathrooms: 2.5
Total Area: from 344m2 (222m2 living space)
Price: €110,000 (€10,050 discount if paying balance in full at signing of contract)
Financial projections
Case Study: €39,950 Five Star Two Bed Middle Floor Apartment
EXAMPLE COST
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Description Cost of apartment Furniture pack Escrow Agent, Deed and Translation Total Cost |
Cost |
EXAMPLE PROFIT: After 12 months (i.e. at scheduled completion)
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Description New Property Value* Cost Net Profit |
Value / Costs |
EXAMPLE PROFIT: After six years
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Description New Property value* Rental Income (5 years)** Cost Net Profit |
Value / Costs |
* calculated on a conservative predicted growth of 35% in the first year and 100% over six years
** calculated on a guaranteed rental return as per the contract