Zafarana Beach Resort on Egypt’s Red Sea Riviera

All Eyes on Egypt Property

Overseas property investors have turned their attention to property in Egypt as the next big emerging property market. The stylish Red Sea Riviera tourist revolution began with a few scuba divers and has since morphed into one of the world’s premier diving destinations with renowned underwater appeal. The Zafarana Beach Resort is the realisation of the vision of an international development company offering real estate investors a unique opportunity to invest early into an up and coming tourist and lifestyle resort.

Red Sea Riviera Property

Located in one of the world’s finest diving and snorkelling locations, Zafarana Beach Resort is a gated 5 star development of stunning high-spec apartments, all with individual private outdoor space in a prime beach-front location. The Zafarana Beach Resort is situated on the shores of the Red Sea and lies a 1½ hour drive south of Cairo and 2½ hours north of regional capital Hurghada on the sun-drenched Egyptian Riviera. A simple unspoilt small town village, Zafarana (Zafaranah) belongs to the Al Bahr al Ahmar governate of Egypt located between the Nile and the red sea in the Southeast and is known locally as stopping point on route to the ancient monasteries of St. Anthony and St. Paul. The area is being rapidly developed into Red Sea resorts as plans for an airport by 2010 at Ain Soukhna half an hour north of the resort will hugely improve tourism access for visitors who currently restricted to limo and bus transfers from international chartered and direct flights arriving into Cairo and Hurghada airports.

Zafarana Beach Resort

Zafarana Beach Resort is within good company as Zafarana is the site for a major wind project. With eco-friendly construction at it’s core power generation is through waste recycling and a desalinisation plant for the water supply. Under development are 153 five star boutique one bedroom apartments, which will be run under a European management scheme with a front-line location some 20m from the beach. Also currently on Phase One release are 108 two bedroom apartments located at the entrance of the Zafarana Beach resort overlooking botanical gardens. Wireless internet connection offered as standard in all rooms.

An assortment of resort facilities cater for every guest’s wishes. Sport’s addicts have access to fresh and salt-water pools, tennis & squash courts, mini golf and further afield the Stella Di Mare Golf course satisfies avid golfers until Zafarana’s own 18-hole Championship Course bordering the resort completes construction.

Leisure pursuits include the private beach, fitness & wellness centre, supermarkets, shops, restaurants, bar and nightclub whilst the marina offers fabulous scuba and underwater diving facilities at the resorts very own coral reef teaming with tropical fish or fantastic water sports opportunities. Day desert trips quad biking and jeep safaris will operate direct from the resort.Access to the resort is catered for with a complimentary shuttle service and onsite services include 24 hour concierge, security, reception & room service, in-house serviced laundry, onsite medical and dental surgeries.

Built to international standards the development’s due diligence has been conducted by UK based lawyers and every stage of construction will be monitored to ensure strict compliance. In addition on completion is Summer 2008, the Zafarana Beach development will come with a five year structural guarantee. Zafarana Beach will be the showcase resort, the first of three of this size to be constructed by the developer on this stretch of coast and in total 600 individual properties are being developed on the site.

Egypt Property Potential

Egypt’s history and ancient past has fascinated thousands of visitors for years and despite some terrorism threats that persist, Egypt is now a number one, medium haul, top end destination for European travellers who come for its luxury resorts overlooking warm Mediterranean waters and endless diving possibilities. Sweeping government reforms to attract FDI and hopes to attract 16 million tourists by 2014 are key factors attracting overseas investor interest. Low property prices in Egypt coupled with rising demand for short term letting on the back of a fast growing tourism sector has promoted investors to buy into new build apartment complexes in Egypt’s major holiday hotspots geared up for the demands of the international tourist. Below market value off-plan prices and guaranteed rental yields make Zafarana Beach an ideal holiday home in the sun and investment with long-term capital gain potential.

Zafarana Beach Resort prices start at €26,500 (circa £17500)for a one bedroom apartments, owners wishing to rent their property are obliged to purchase a standard furniture pack €3,500. Total costs of Escrow, deed & translation are €1,050 with a €50 monthly maintenance fee. Expected rental return: €2,040 pa

Two bedroom apartments start from €39,950 rising to €44,950. Associated costs rise according to apartment price and payment terms are structured as follows: 10-10-20-15-15-10-10-10. Payment is into an escrow account for your security.

The Zafarana Beach Resort offers freehold ownership of a property set to generate an average 10% rental guarantee available for five years bonded by ABM AMRO Bank for 2 bed unit and shared room rates with higher returns expected for 1 bedroom units in addition to an excellent opportunity for capital appreciation. In 2007, a property investment in Egypt represents an early opportunity to capitalise on the growth of an emerging market on the cusp of long-term success.

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