Apartment for Sale in Naama Bay, Sharm El Sheikh, Egypt

Excellent Investment Opportunity Starting From £35,000

Sunrise Heights is the closest residential complex to Naama Bay, Sharm El Shiekh with prices starting as low as £35,000

The project is located on a prime piece of land nestled in green areas and overlooking Naama Bay, the heart of Sharm El Sheikh. The development is low rise and low density comprising 44 units varying in size from 53m2 - 80m2 of actual living space in three residential buildings. 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. The apartments are fitted with hot and cold air conditioning units, wireless internet and satellite television. Interior and exterior finishes are of a high European standard with particular attention given to the bathroom and kitchen areas, bringing them in line with European needs along with the desire for ample natural light and ambience.

Payment Plan

€3000 on reservation
£550 administration fee on reservation
30% on signing of contract
15% after 3 months
15% after 6 months
10% after 9 months
30% on completion (September 2009)

Why invest in Sharm El Sheikh

• Large increase in the demand for long term rentals which guarantees a stable annual income
• Shortage of quality residential accommodation
• Excellent rental opportunities both long and short term offering a rental yield of 8% - 10%
• Rental management already in place
• No VAT on property purchases
• Excellent capital appreciation of between 20-30%
• World class dive sites
• Short flight from Europe
• All year round warm climate
• Low purchasing costs
• No capital gains tax