Real Estate for Sale: Red Sea, Egypt, Residential comlex in the city center - El Kawther

Asking Price: $36,200
Location: El Kawther
City: Hurghada
State/Province: Red Sea
Country: Egypt
Type:

The residential complex "Lotus" is a gated community of luxury constructed apartments, exclusively and uniquely situated in El Kawther area of Hurghada just next to Sindbad Aqua Park and Esplanade Mall along Promenade Avenue providing a wide range of international eateries, bars, nightlife shops and much more.
As this development is located in one of the best places in Hurghada, the most popular vacation areas and the high build standard guarantees you a superb property either as a holiday home or full-time residence.
Most apartments are either overlooking the beautiful tropical gardens with fantastic lake alike swimming pools where you can enjoy peace and tranquility, and practice nautical actives or exceptional views on the Red Sea.
All top floor apartments have nice secluded roof terraces of the same size as the apartments and most have sea and mountain views, which incur an additional charge. All the rooms are built to generous proportions and many luxuries are included as standard such as air conditioning, built in wardrobes and granite kitchen worktops. Although there are other new residential developments near Lotus, they can hardly compete the Lotus residential complex and not only for its unique beauty and high built standards but also for its location, which is in line with hotels and resorts.
The development offers a high specification build and finish to European standards. The complex provides a delightful environment with attractive tropical gardens, swimming pools. There are plenty of facilities for those who like to keep busy:
- Fully equipped gymnasium
- Swimming pools
- Tropical Gardens
- Games room
- Internet caf?
- Business centre
- Restaurants
- Shops
- Security 24/7
Studio
55.44 m2
This is the typical Studio apartment. This apartment is ideal for a couple and single persons. The flat will sleep 2 persons. Although the flat is compact it will have one balcony. This size apartment is available on every floor and every section.
1 bedroom
84.84 m2
This is a typical one bedroom apartment. This apartment is ideal for couples, single persons and families with small children. The flat will accommodate 4 persons. The flat will have living room, one bedroom, kitchen, bathroom and one balcony. This size apartment is available on every floor and every section.
2 bedroom
109.2 m2
This is a typical two bedroom apartment. This apartment is ideal for couples and families with children. The apartment may accommodate up to 8 persons. The apartment will have living room, two bedrooms, kitchen, bathroom and two balconies. This size apartment is available on every floor and every section.
3 bedroom
This is typical three bedroom apartment. This apartment is ideal for couples and families with children. The apartment may accommodate up to 10 persons. The apartment will have living room, three bedrooms, kitchen, bathroom and two balconies. This size apartment is available on every floor and every section.
Prices & payment scheduler
Buying off plan - or at some point during the construction process is a popular option in Hurghada as the earlier you buy in, the less expensive your total purchase price will be.
Property prices are more competitive when you buy at this stage and increase in value much more quickly. In fact, the demand for Hurghada property, combined with low interest rates, could well deliver a minimum return of 25% per annum. Taking into account capital growth, returns on your capital investment could be as high as 50%.
Prices starting from only $36200 for a studio apartment as following:
Studios from $36200
1 Bedrooms from $70200
2 Bedrooms from $89300
3 Bedrooms from $102300
Once you are sure the project is properly guaranteed, your main concern will be the payment schedule:
$4000 reservation fee
40% with the contract within 15 days of reservation
30% during 1 year
30% on Completion