Hania Beach, Central Hurghada, Egypt - Due for completion Summer '09.

[redangel7861]

Just put down a £2,000 reservation on this pre-release. Priced at £700 per Sqm. Will go up to £800 on the 01.03.08. Developer will have a presenation on the 29.02.08, where if interested I can choose my apartment (2 bed 71 sqm at £50,000). 40% payable upfont and remainder 60% payable on completion.

Mortgage with large international bank written into contract for 60%. I have been told that this will involve a UK developer, 40% will be kept in Escrow account until completion and the apartments will overlook the beach and sea.

I have also been told that the finishing will be "incomparable" when compared against other developments in the area.

NOTE: A NEW THREAD FOR HANIA PICTURES HAS BEEN STARTED HERE. Please share any development pictures on this thread to help create a visual diary of progress.

[awahee123]

Hi,

Haven't heard of this development before,where in Hurgahada will it be located?.
Also who is the developer any idea?..

[queenie40something]

Originally Posted by awahee123

Hi,

Haven't heard of this development before,where in Hurgahada will it be located?.
Also who is the developer any idea?..

Hi WA I found it on the web and all it states is that it is 15 mins from the airport and 5 mins from Downtown.

[awahee123]

Hi Queenie,

Thanks for that,the reason I was asking as the first post says central Hurghada so was Just seeing if it was in Sekalla,will take a look at it.

[redangel7861]

AWAHEE.

This is at the pre-launch stage so no details have been realeased yet. On the 29.02.08 I will be attending a launch evening where all plans will be released. I have been told that the location is ten minutes from the airport and even closer to the local village.

All I know is that it will be a reputable UK based developer, all monies will be held in Escrow, completion is due Summer 09, 40% upfront and 60% on completion (mortgage written into contract with large international bank (HSBC I believe), in terms of luxury and finishing none of the local developments will compare with this development, £700 psqm now (if you put down £2,000 pre resevation deposit before 29.02.08 - fully refundable) goimg upto £800 psqm on the 01.03.08.

Location will be forntline beach, 170 apartments being built (Studio to 2 bed apartments with roof terrace). First 100 reservations will be guranteed frontline beach and sea views.

Details so far:

Studios – £21,000 – £31,500 (30m2 – 45m2)

1 bedroom - £31,500 - £42,000 (45m2 – 60m2)

2 bedroom - £45,500 up to £70,000 (65m2 – 100m2)

Hope this helps.

[SHO]

Its beach-front in Al Ahyaa (on the road between Hurghada and El Gouna).

This is where most new developements beach-front will be released this year as its the only stretch you can find decent beach-front plots. The government also has plans to promenade the main road along this stretch leaving cars to use the other outside high-road towards El Gouna and Cairo. Should be a great place to invest and get in early.

PM me for more info.

couple of pics attached.

[awahee123]

Looks good guys,so are you saying it's on the same road as the Hotel Safir?.
By the way are you back George?.How was your trip?..

[SHO]

No its not near the Safir...thats in the centre of Hurghada...

Yeah got back friday, excelent trip, got a lot done... was cold for some time though!!

Back out again in a few weeks

[redangel7861]

Guys.

What are you opinions regarding investing in this area. I have invested in Morocco where I have purchased 2 Bed penthouses in Saidia and Marrakech. I am now looking to diversify into Eqypt. This location and project seem ideal in terms of investment. What are your opinions??

Comments welcome

[awahee123]

Originally Posted by SHO

No its not near the Safir...thats in the centre of Hurghada...

Yeah got back friday, excelent trip, got a lot done... was cold for some time though!!

Back out again in a few weeks

Hi George,

Sorry I have just seen the location on your post,I do apologise.
So you got any jobs going,maybe a post for a manager who could take all this travel strain off you,I'm available.LOL.