Samra Bay Hurghada

Samra Bay, Hurghada offers possibly the best location along the Hurghada “Golden Mile” of Hurgada is launched today with 10% discount first 50 units ONLY Situated right next to 5 star hotels this development location is top pick. Completion Dec 2011 (approx).

SAMRA BAY Marina & Spa Resort with all facilities is for those who are looking for quality and front line. Yet its only 5 minutes to the airport meaning you can be from leaving UK an into your apartment realistically in around 5 hours. Beat that for 265 days of sunshine per year.

With 10% off the starting price of €1,250 per m2 to give €1,125 per m2 (or £892 per m2). This discount is only for the first 5o units. (studios 47m2, one bedrooms 75m2, and two bedroom 111m2)

The “Abrim Residence” is the first building to be offered:

10% discount of the purchase price for the first 50 purchase agreements
5% discount of the purchase price for the second 50 purchase agreements

Furthermore a generous payment structure will be available:

a) Studios and 1-bedroom apartments: 40% upon signature / 20% to 01.07.2009 / 40% upon delivery (scheduled approx. end of 2011)

b) 2-bedroom apartments: 30% upon signature / 20% to 01.07.2009 / 50% upon delivery (scheduled approx. end of 2011)

In addition up front payment of purchase price instalments before the above mentioned due dates will qualify for a discount of 7%.

(Example: Client pays the purchase price in one single payment = 7% on 60%) The purchase payments will be made through a trust account managed by a lawyer in Germany.

Once again, Samra Bay should be considered for those looking at Hurghada. Contact Jet2Let Property Ltd - +44(0)113 3131000 for more info or email, info@jet2letproperty.com

To come and view developer’s previous quality our 7 day inspection trips start at £325 per person (subject to availability). Hurghada has received rave reviews from our clients. It feels safe, low cost of living, no capital gains tax in Egypt, no VAT. (Taxes and laws always subject to change).

All clients should employ a lawyer and conduct their own due diligence. Please read ten top tips for due diligence series.

Why Egypt? Front line Hurghada - Samra Bay. Pre Launch Reservations

Its not a well known fact that the Egyptian government has spent much time speaking directly to the Dubai authorities on how best to undertake its transformation. One of the key issues is how to encourage both business and tourist markets. For tourism the Red Sea Riviera is in a league of its own offering near perfect conditions for strong growth. Accessibility is excellent from the wealthy parts of the world mainly under 4.5 hours flight from most of the key Western/Eastern European, Russian and Middle Eastern states. Hot summers and warm winters and huge cultural pull have already built a thriving tourist industry centred on the main centres of Sharm El Sheik, Hurghada and the Nile.

However, to get the sort of consistent and sustainable price rises back by strong rental you need not just a strong tourism industry but a rapidly growing economy. Here Egypt is making excellent progress although there are still many challenges. Huge growth in new jobs are being created outside tourism, construction and real estate. Progress here can bee seen not just in Cairo, but also in Hurghada where new offices are being occupied by marketing, internet and media companies.

So what are the business prospects? Well I look at Egypt as a mini Dubai in the making. With no VAT, capital gains tax and just 10% tax on rental income along with very low costs of purchasing and a GDP growth in 2007 of 7.1%. It is interesting to see much of the property investment is by Egyptians themselves who are witnessing the growth in prosperity their country in enjoying.

The large growing population of 81.7m people is not with out problems with a high 20% living below the poverty line. For all the facts go to the CIA World Fact Book online:

https://www.cia.gov/library/publications/the-world-factbook/geos/eg.html

If you are in the market to see strong growth rates then Egypt should be considered but, best of all visited, to see for yourself how this country so often makes a positive impact.

If you are looking at an overseas portfolio or are looking for a quality retirement destinations, then one of the best opportunities we have in pre launch is Samra Bay, Hurghada. Samra Bay has on of the very best frontline locations, next to many existing 5 star hotels, Intercontinental, Steigenberger, Hilton and Grand Plaza. Grab yourself a 10% pre launch discount now. Contact us for more details.

Samra Bay is just one of many developments in Hurghada, El Gouna, Sahl Hasheesh and the up and coming Gamsha Bay development, that Jet2Let are marketing. We are showing investors traveling to Hurghada the best of what is on offer. Make sure you view Samra Bay soon and reserve to get the best units.

Samra Bay, Hurghada

Samra Bay will be one of the very best developments in new Hurghada and will be launched off plan in June. Located by the Grand Plaza, Intercontinental, Hilton and Steigenberger hotels the position is superb. Located on the beach front line and on the Esplanade pedestrianised area this area feels upmarket feel and very safe/

Many restaurants are springing up here as well as shops of all kinds. Frontline is getting scarce in Hurghada and we expect demand will be very high for Samra Bay as the developer finishes to a very high standard. There will be over 1,000 apartments and we therefore expect rental potential to be one of the best as it has only 5 star hotel as competition.

Viewing Trip Just £225 per person. Call 0044(0)113 3131000 to book now. In case you cant make it please see video of the site which will have a jetty for boats and safe swimming area.