Experience comfortable living in this beautifully designed one-bedroom apartment located on the third floor of Marina Palace. Spanning 58 m², this unit offers an ideal balance of space and functionality, perfect for singles, couples, or investors seeking a premium property.
Key Features:
Size: 58 m²
Layout: One-bedroom, thoughtfully planned for maximum comfort
View: Relax and unwind with a serene pool view, providing a peaceful and refreshing atmosphere
Floor: Third floor, offering elevated privacy and natural light
Modern finishes and quality fixtures
Convenient access to all building amenities and the vibrant Marina Palace community
Price:
1,972,000 EGP
Approximately 35,900 EUR
Unit 308 combines an excellent location, attractive pricing, and a stunning pool view, making it a fantastic choice for your new home or investment. Contact us today to schedule a viewing or learn more about this exceptional opportunity.
We are thrilled to announce the launch of MARINA PALACE, an exciting new residential project designed to cater to a variety of lifestyles right in the vibrant centre of Hurghada.
MARINA PALACE offers peace of mind with its serene shared pool, creating a perfect retreat for relaxation and leisure. Nestled in a prime location within walking distance to shops, restaurants, and the beach, it embodies the true essence of seaside elegance.
This project perfectly blends comfort with premium amenities, reflecting our commitment to delivering high-quality living spaces in harmony with the surrounding environment.
Prime Location & Convenient Access:
Just 3 minutes’ walk to Marina Boulevard
1 minute walk to Gomla Supermarket
3 minutes to the beach
Nearby facilities include gyms, spas & saunas, pharmacies, shops, restaurants, bars, Sheraton Road, and Marina Boulevard
Available Units:
1 and 2 bedroom apartments in various sizes ranging from 43 m² to 118 m²
Options include pool view, street view, and stunning sea view units
Unit Highlight:
Spacious layouts designed to maximize comfort and natural light
Modern finishes and quality fixtures
Ideal for personal living or investment opportunities
Discover the perfect blend of urban convenience and coastal beauty at MARINA PALACE. Experience waterfront living like never before.
Buying Guide for Foreign Investors in Hurghada
Ownership:
Foreigners can acquire freehold property in this tourist-designated zone.
Ownership grants eligibility for a renewable 6-month residency permit in Egypt.
Investment & Citizenship:
Buying property worth $300,000+ can be a pathway to Egyptian citizenship after meeting criteria.
Legal Process:
Contracts must be officially registered in Egypt for legal protection.
Hiring a trusted lawyer to oversee contracts and transactions is highly recommended.
Documentation:
A valid passport with at least 6 months’ validity is required.
Payment Methods:
Bank transfers via SWIFT
Online payment services like Wise or 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 ranging from 8% to 12% of the unit price (usually a one-time payment)
Optional expenses for furnishing and property management
Financing:
Mortgages are rare for foreigners; installment plans with developers are common and flexible.
Resale & Rental:
Resale before project completion may be possible depending on developer policies.
Short-term rentals such as Airbnb are permitted, making this a good investment for rental income.
Taxes:
Low property tax or none on residential homes.
No capital gains tax for private individuals.
A 2.5% stamp duty may apply on resale transactions.
Remote Purchase:
Buyers can purchase off-plan units remotely through video tours and online contracts.
Payments can be securely made online, with handover and furnishing arranged later.
If you would like assistance with reserving unit B1-1-2 or need further advice on the purchase process, feel free to contact me!