Marlion Residences - Hurghada From £29,700

At first glance, this extraordinary building from the air looks very much like any other development. However, the side elevation tells a different storey. With all apartments having, breath taking views across the crystal clear waters of the Red Sea, each residence offers selective clientele a framework for optimum comfort and a lifestyle of the highest standard.

Located in Hurghada, Marlion is situated in an enviable position in a quite and scenic area with outstanding views and just 15 minutes drive from Downtown (El Dahar) which is the old part of Hurghada. There is also easy access to the surrounding area, particularly El Gouna. Also Sharm el-Sheikh and Shal Hasheesh are only a small distance away.

Each apartment comes with a complete furniture package and rental guarantees of 10% p. for 5 years (NET), these apartments also offer a potential capital uplift of between 30% t50% (velopers estimates based upon previous developments) before completion.

The construction work on Marlion will commence in March 2008 with an expected completion in Jan 2010. Building licenses have already been granted from the municipal authorities and are available for inspection if required.

All Marlion apartments include a 20 year structural guarantee as well as a two year minor defects guarantee.

Area Information
About Hurghada
Only a few decades ago, Hurghada was a sleepy fishing village. Today, it is known as an investment and tourism hotspot that rarely ever sleeps. Located on the balmy Red Sea Coast, the village has grown to more than 40,000 residents. Its natural beauty, climate and ever-expanding infrastructure are attracting investors from all over the world as holidaymakers put this once nondescript locale on the international investment and vacation map.

Since its discovery by investors and holidaymakers, Hurghada has undergone some major changes. The region has long been famous as an international destination for aquatic sports. Now, it is also favoured for its lively nightlife, which has been fuelled by the recent opening of a number of pubs, casinos, restaurants and clubs.

As more attention is focused on Hurghada, new developments are paving the way for investments and to accommodate the influx of visitors. It is clear this little fishing village has become a major player on the world travel scene.

Hurghada's water-related tourism trade is well developed. The area boasts a number of charter opportunities along with its own diving centre. The centre itself offers daily dive trips and even teaches certification courses in scuba for beginners and more experienced underwater explorers.

Hurghada itself boasts 40 km of choice seashore, which is the top reason why travellers favour this destination. It loved by the Egyptians themselves and visitors from all over Europe.

Invest in Hurghada
The Hurghada property market is still quite new, but the supporting factors for it are not. This unusual combination sets the market for a period of prolonged and lucrative growth.

Although still in its infancy, the market here presents a number of factors that make it very attractive for investors. Reasons why many find Hurghada property to their liking include:

Red Sea reputation: This area is known worldwide as one of the best on the planet for diving. This ensures a steady tourist trade.

Cost of living: The cost of living in Hurghada is very low. This makes the region not only attractive to holidaymakers, but also expatriates and retirees wanting to soak up the sun.

Affordable purchase prospects: Since the market is still in its beginning stages, property prices here are quite affordable. It is very feasible to buy in at rates as low as £25,000. The growth potential, however, is quite high and most experts do not expect prices to remain low for long.

Regional attractions: Egypt is a dream location for many. With its ancient sites and wondrous history, visitors to Hurghada find themselves with no shortage of things to do.

Accessibility: With its own international airport and flights from the UK taking only five hours, this is a very attractive location.
Freehold property: Unlike the leasehold market in Sharm El Sheikh, property in Hurghada is freehold.

Property information

Marlion is a stunning building of 4 floors with 272 apartments. With some of the ground floor units being taken up by shops, restaurants and services, all apartments will be designed with modern material of the highest quality.

At first glance, this extraordinary building from the air looks very much like any other development. However, the side elevation tells a different storey. With all apartments having, breath taking views across the crystal clear waters of the Red Sea, each residence offers selective clientele a framework for optimum comfort and a lifestyle of the highest standard.

Located in Hurghada, Marlion is situated in an enviable position in a quite and scenic area with outstanding views and just 15 minutes drive from Downtown (El Dahar) which is the old part of Hurghada. There is also easy access to the surrounding area, particularly El Gouna. Also Sharm el-Sheikh and Shal Hasheesh are only a small distance away.

Each apartment comes with a complete furniture package and rental guarantees of 10% p.a. for 5 years (NET), these apartments also offer a potential capital uplift of between 30% to 50% (developers estimates based on previous development increases) before completion.

The construction work on Marlion will commence in March 2008 with an expected completion in Jan 2010. Building licenses have already been granted from the municipal authorities and are available for inspection if required.

All Marlion apartments include a 20 year structural guarantee as well as a two year minor defects guarantee.