Marlion Residences, Hurghada, Egypt
(with 10% guranteed Rental Per Annum)
Located on the beaches of Hurghada,
Egypt, Marlion Residences is a luxury
development consisting of 256
apartments all with stunning views of the
Red Sea. Completing in March 2010, all
apartments are currently being offered
with a minimum discount of 15% below
market value.

An area which is very much in the early
stages of the property investment
revolution, Hurghada and is expected to
produce prolonged growth. With foreign
nationals now having the option to buy in
Egypt, property prices have been rising
consistently in the areas of Sahl
Hasheesh and Sharmal Sheikh, and at the
moment are almost 4 times greater than
Hurghada.

With an average projected growth of
anywhere between 10 - 20% per annum
for the area, early investors can really
capitalise on this unique investment
opportunity. Early bird incentives currently
include the following:

Prices from �700 per sqm - Discounted by
approx 15% - Prices of similar projects
are selling at over �825 per sqm.
1st price increase of 10% in place for April
2008.
2nd price increase of further 10% in place
for end 2008.
Guaranteed rental of 10% p.a. for 5 years
on all units.
Low purchase costs with unique exit
strategy in place.
Excellent "Buy 2 Sell" opportunity as
value will increase by 20% in first year of
investment.
Resulting in an equity growth of around
35% of initial investment.
Up to 65% finance available upon
completion.
No capital gains tax and no inherence tax.
Prices start from �32,500.
About Marlion Residences
Marlion is a stunning building of 4 floors
with 256 apartments. With some of the
ground floor units being taken up by
shops, restaurants and services, all
apartments will be designed with modern
material of the highest quality.

At first glance, this extraordinary building
from the air looks very much like any
other development. However, the side
elevation tells a different storey. With all
apartments having, breath taking views
across the crystal clear waters of the Red
Sea, each residence offers selective
clientele a framework for optimum comfort
and a lifestyle of the highest standard.

Located in Hurghada, Marlion is situated
in an enviable position in a quite and
scenic area with outstanding views and
just 15 minutes drive from Downtown (El
Dahar) which is the old part of Hurghada.
There is also easy access to the
surrounding area, particularly El Gouna.
Also Sharm el-Sheikh and Shal Hasheesh
are only a small distance away.

With complete furniture package available
to each purchaser (at additional cost) and
rental guarantees of 10% p.a. for 5
years, these apartments also offer a
potential capital uplift of between 40% to
60% before completion.

The construction work on Marlion will
commence in March 2008 with an
expected completion in Jan 2010. Building
licenses have already been granted from
the municipal authorities and are
available for inspection if required.

All Marlion apartments include a 20 year
structural guarantee as well as a two
year minor defects guarantee.

Highlights of the project
Situated 15 minutes walking distance
between Hurghada Town and the new
tourist sector.
10 minutes from Hurghada International
airport with regular flights from the UK.
A total of 256 apart-hotel units on 4
floors - all with stunning sea views.
Front line beach development - one of the
very few locations in Hurghada that is not
taken up by hotels.
A dedicated beach will be further
developed to capitalize on this superb
location with a large swimming pool by
the beach.
Fabulous views north, east and south
across the crystal clear waters Red Sea.
Completely freehold with balconies set
amongst communal gardens - All
penthouse apartments will have
individual rooftop terraces.
Communal areas will include two large
swimming pools, restaurant and bar,
shops, Jacuzzi, and gym.
Being is such a rare position in Hurghada,
makes these apartments exceptional
value, and ensures a high resale value.
All apartments come with re-assignable
contracts
20 year building guarantee on all
apartments
Prices are discounted by approx 15% to
the current market.
Only �2,000 reservation fee plus 35%
upfront payment required for the first 50
investors no further payments until
completion (March 2010).
Further investors will be required to pay
�2,000 reservation fee plus a stage
payment of 35% followed by 15% in 6
months. The remaining balance will be
due upon completion.
Two scheduled price increases up until
the end of 2008.
With 2 price increases already in place,
plus the 15% below market value launch
price, investors will see an equity growth
of around 35% on each apartment by the
end of 2008, resulting in a minimum
return on investment of around 180%.
Guaranteed rental of 10% p.a. for 5 years
on all units.
Unique resale opportunity in place -
commencing end of 2008.
Up to 65% finance available upon
completion (STS).
Prices start from �32,500.
Marlion Residences Prices and Payment
plan
The first phase price guide are as follows:

Studio
42 - 50 sqm
�32,500

1 Bed
68 - 83 sqm
�52,500

2 Bed
96 -107 sqm
�70,000

2 Bed
114 -121 sqm
�82,000

3 Bed
116 - 121 sqm
�84,500

3 Bed
121
�87,000 sqm


Payment Terms

Option 1 - Only applicable for first 50
Reservations

Reservation Deposit - �2,000
35% of purchase price payable within 4
weeks of signing the reservation
agreement - 1st installment
65% of purchase price via savings or
finance (STS) payable upon completion in
March 2010 - final installment
Option 2 - All other Investors

Reservation Deposit - �2,000
35% of purchase price payable within 4
weeks of signing the reservation
agreement - 1st installment
15% of purchase price payable within 6
months following reservation 2nd
installment
50% of purchase price via savings or
finance (STS) payable upon completion in
March 2010 - final instalment.
Please Check Attached pictures for Gallery
Layout and plans

Attached Thumbnails

     

     

     

 

__________________
George Sabry
Co Partner
Real Estate Mart
The Ultimate Guide To Red Sea Real Estate Investments And Resale Properties
And Property Management Services