| 20% - 30% achievable capital appreciation
Excellent Rental Projections
High demand for residential accommodation
Exit strategy due to established tourism industry
Closest residential complex to Naama Bay
Built to European Standards
Sunrise Heights, Naama Bay, Sharm El Sheikh
Prices start as low as €46,200
Please note: This material is based upon information which we consider to be accurate. This document has no contractual value and prices are subject to exchange rate fluctuations therefore prices may differ. | |
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Why Egypt?
Egypt is one of the most appreciated and well known tourist destinations in the world. Sharm El Sheikh is one of the best known tourist destinations in Egypt and an investment hot spot. It is situated on the southern point of the Sinai Peninsula.
• Low property prices with low cost of living and maintenance costs
• Steady year-on-year capital appreciation of between 20-30%
• Excellent rental yield of 8%- 10%
• Steady annual growth in tourist figures
• Low property tax and no captial gains tax
• No Egyptian inheritance tax
• Streamlined purchase process
• Strong economic growth and increased investment in infrastructure are
boosting the property investment market as a whole.
• Warm desert climate with temperatures ranging from 14°C in winter
to 30°C in summer creating a year-round tourist season
• Politically stable country
• Increased inward investment, creating a rich investment climate.
• Well renowned developers are creating luxury resorts to cater for
Egypt’s new influx of international tourists
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Sharm El Sheikh Investment
Prices of property in Sharm El Sheikh are notably lower than in Europe, with constant annual growth thanks to the investment boom on the Red Sea.
Sunrise Heights, Naama Bay
• Large increase in the demand for long term rentals which
guarantees a stable annual income
• Shortage of quality residential accommodation
• Excellent rental opportunites both long and short term
• Rental management already in place
• No VAT on property purchases
• Excellent capital appreciation
• World class dive sites
• Short flight from Europe
• All year round warm climate
• Low purchasing costs
• No capital gains tax
• Sunrise Heights |
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A first class tourist resort in a superb location with excellent investment potential.
The project is located on a prime piece of land immersed in green areas and overlooking Naama Bay, the heart of Sharm El Sheikh. Consisting of three residential buildings and various commercial shops.
The development is low rise and low density comprising 44 units varying in size from 53m2 - 80m2 of actual living space. The apartments are set in beautiful gardens with 3 swimming pools.
All apartments will have a balcony with views of either the sea, bay, desert, swimming pools or gardens. Along with access to a large communal roof terrace. | |
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- About Developer
Thanks to 5 years of success and a profound knowledge of the local and international real estate markets, Red Specialist is today the market leader in Sharm El Sheihk, providing a secure and professional base for those who are interested in purchasing a property in this country.
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- Club Card Membership
The Lifestyle Membership card has been created by Red Specialist to provide all owners with an extra benefit! The membership affords the card holder discounts at various facilities such as restaurants, car hire, diving centers, scooter rental, night clubs and bars.
The card is supplied free of charge to all clients who purchase a property through Red Specialist.
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