Apartment for Sale in Hurghada, El Sakkala, Egypt

Egypt’s First Pure “Domestic’ Buy to Let Opportunity

Tranquilia Town Apartments, the most promising buy to let opportunity available to investors.

Tranquilia Town Apartments is a prestigious residential development in an imposing circular building
Consisting of sixty-five apartments set over five floors in central Hurghada (new town) on the Red Sea Riviera.

The Opportunity

• Landmark residential apartment block in prime central Hurghada
location
• Hurghada is Egypt’s second largest Red Sea tourist centre (behind
Sharm El Sheikh). In 2006 the region attracted some 250,000
international and domestic tourists.
• All year round rental opportunities: ideal location and facilities to
capitalise on stable residential rental market (e.g. managers of
local hotels), therefore significantly reducing risk of ‘rental
void’ periods.
• Zero non construction risk – development completed. Pay off plan
prices (due to substantial refurbishment) that are ready for
occupation six months from date contract is signed.
• Relative value in respect of price: apartment available from £470 per
square metre. Comparable developments in Sharm El Sheikh are circa
30% more expensive.
• Very high specification apartments built to European standards with
upper floors benefiting from panoramic views of Hurghada and direct
Red Sea views
• Less than 5km from Hurghada International Airport
• All relevant due diligence undertaken
• Favourable tax jurisdiction for foreign investors
• Estimated rental yield of 8%+


An established developer has owned the landmark building since its construction in 1996; they are currently refurbishing the apartments to European standards. One, two and three bedroom residences are available for investors. The development is set one row back from the sea and amongst a cluster of hotels. The locality is extremely well served by buses, taxis and ferries, and all local attractions/amenities can be easily reached. The International Airport is just a short taxi or bus ride away, whilst Cairo lies around 450km north.

• Apartments are finished to an exceptionally high standard
• There are direct sea views from some apartments
• 24 hour reception and security
• Room service will be available
• Air conditioning, satellite TV, dishwasher, microwave, fridge,
washing machine and direct dial phone included.
• Wireless internet access (for a small fee)
• Roof top Jacuzzi and bar, sun lounging area
• Onsite Management Services by Nilotica PM.

Price Examples

1 bedroom apartment with 60m2 prices start from £24,600 - £30,000
2 bedroom apartment with 82m2 prices start from £35,260 - £46,740
3 bedroom apartment with 121m2 prices start from £52,030 - £60,500

Payment Plan

£2000 reservation deposit
90% on signing of the contracts
10% upon completion of refurbishment (6 months)

Inspection trips – please contact us for further information