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Marlion Residences
hurghada, egypt


Reasons to Invest
Prices are discounted by approximately 15%
1st price increase of 10% in place for March 08**
2nd price increase of 10% in place for July 08**
Up to 65% finance available upon completion**
No capital gains tax and no inheritance tax
Development Features
Beachfront investment with excellent returns
Located on the beaches of Hurghada
256 apartments all with stunning views of the Red Sea
Mortgages available and option to sell prior to completion

Prices start from £32,500 (€43,800 approx)***
The Project
Located on the beaches of Hurghada, Marlion Residences consists of four floors with 256 apartments all with stunning views of the Red Sea. This exclusive development is situated in an enviable position in a quiet and scenic area, just 15 minutes walking distance from Downtown (EL Dahar) which is the old part of Hurghada.
Landscaped gardens with swimming pools
A private beach
Bar and Restaurant
Shops
Jacuzzi and gym
The construction work on Marlion will commence in March 2008 with an expected completion in March 2010. Building licenses have already been granted from the municipa authorities and are available for inspection if required.
The Opportunity
This is an excellent opportunity to acquire an apartment in an emerging location and with prices starting from £32,500 for a studio apartment, it is sure to attract many investor clients who wish to see an excellent return on their investments within an 18 to 24 month time frame.
It is estimated that the annual return will be between 10 -15%**, average being around 12%**. In addition, due to the location of this unique development, the capital appreciation is estimated to be around a modest 15% per annum.
Mortgages
For those investors who wish to take delivery of the apartment and who may need financing, mortgages for up to 65% LTV can be arranged and with competitive interest rates. All mortgages are subject to status and will be delivered by several local banks by our associate mortgage brokers in Egypt.
Capital Growth
Whilst the Hurghada property market is still developing, it is clear that capital growth will remain steady for some time. The preliminary figures for 2008 indicate a growth rate of 15%**. Sahl Hasheesh on Hurghada’s southern boundary is currently selling property at prices nearly four times of those found in neighbouring developments
Rental Market
Rental properties in Hurghada are booked out well in advance andhotels tend to run an average of 90% occupancy or above. Presently, rentals offering a beachfront view are running between £195 and £600 per week. Some experts are estimating a 15% yield on properties that are purchased to let, but others suggest a 10% per annum rate.
Prices & Payment Details
Studios (42-50 Sq.m) from £32,500 (€43,800 approx.)
1 Bed (68-83 Sq.m) from £52,500 (€70,700 approx.)
2 Bed (96-107 Sq.m) from £70,000 (€90,200 approx.)
2 Bed (114-121 Sq.m) from £82,000 (€110,400 approx.)
3 Bed (116-121 Sq.m) from £84,500 (€113,700 approx.)
Payment Plan - Option 1 (First 50 reservations)*

Deposit
€3,000 (£2,600 approx)
Reservation Agreement
35%
Completion
65% of purchase price via savings or finance (STS)
Payment Plan - Option 2 (Other investors)

Deposit
€3,000 (£2,600 approx)
Reservation Agreement
35%
6 months after reservation
15%
Completion
50% purchase price via savings or finance (STS)
Completion Date (approx)
March 2010
Due to popular demand, units in this development sell on a daily basis. Please use our enquiry form to request a full colour brochure, current availability and price list.
*Subject to availability. **Terms and conditions apply. ***Currency equivalents are based on approximate conversion at time of writing and are subject to fluctuation. To save money on currency exchange use Staymove FX.






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