Type: Studio Apartment
Floor: 1st Floor
Position: Corner Left
Gross Area: 51.27 m²
Garden Area: 25 m² (Private Garden)
Price per m²: 68,700 EGP
Total Price: 3,955,552 EGP
Views: Pool and Garden Views
Payment Plan:
25% down payment
Equal quarterly installments over 4 years
Key Features:
Modern studio with private garden
Access to private sandy beach and multiple swimming pools
Full amenities, including gym, kids' playground, cafes, restaurants, and 24/7 security
Prime location with easy access to airport and downtown
Project Overview
Building Floors: 3 (Ground floor + 2 typical floors)
Current Stage: Under Construction
Expected Completion: 2026
Total Units: 446 residential units
Unit Types: Studios, 1-Bedroom Apartments, Villas, Penthouses
Price Range: Starting from 3,426,000 EGP
Apartment Views: Pool View / Sea View
Beach Access: Yes, including private sandy beach (1,300 m²) and access to Long Beach hotel beach
Location:
Southern Hurghada, along Magawish Road, a hub for luxury resorts and attractions
19 minutes by car from Hurghada International Airport
Close to resorts like Rixos Premium Magawish Suites & Villas and Magawish Village & Resort
Access to Magawish Island for snorkeling, diving, and water sports
Near hospitals (10 minutes), downtown Hurghada (15 minutes), and the beach (1 minute)
Facilities & Amenities:
6 swimming pools, including children’s pools
Landscaped gardens and jogging tracks
Cafes, restaurants, retail shops
Gym and health club
Kids playgrounds and dedicated kids’ club
24/7 security and cleaning services
Concierge service
Parking facilities
Fire exits and central satellite TV
Interconnected pedestrian pathways
Payment Plans: 25% down payment with installments over 4 or 5 years (equal quarterly installments)
Buying Guide for Foreigners
Who Can Buy: Foreigners are allowed freehold ownership in tourist zones like Hurghada.
Residency: Property ownership grants eligibility for a renewable 6-month residency permit.
Citizenship: An investment of $300,000+ may qualify buyers for Egyptian citizenship after meeting criteria.
Legal Process:
The contract must be officially registered for legal protection.
It is recommended to hire a trusted lawyer for contract review and transaction assistance.
Required Documents: Valid passport with minimum 6 months’ validity.
Payment Options:
SWIFT bank transfers
Online transfers (Wise, Revolut) for lower fees
Cash payments limited to $10,000 or €10,000 per person on arrival
Local bank accounts (optional)
Additional Costs:
Maintenance fees: 8-12% of unit price (usually one-time)
Optional furnishing and property management fees
Financing: Mortgages are rare for foreigners; developer installment plans are common.
Resale & Rentals:
Resale before completion is possible depending on developer policies.
Short-term rentals (Airbnb) are permitted, offering rental income potential.
Taxes:
Minimal or no property tax on residential units.
No capital gains tax for private individuals.
2.5% stamp duty on resale transactions.
Remote Purchase:
Off-plan units can be purchased remotely via video tours and electronic contracts.
Secure online payments accepted.
Handover, furnishing, and management are arranged post-purchase.
If you need assistance with reserving this unit or further guidance on the buying process, feel free to ask!