Vibrant Hurghada - Oasis Sea View Apartments
Located in the newest and most prestigious residential area of Hurghada, overlooking an impressive panorama of sea view, gardens and palm trees. Oasis Sea View apartments are 500 meters from the main shopping and hotel concourse, and within easy access to public and private transportation; the Oasis Sea View is a unique luxury apartment building, with all the modern amenities and the highest specification Hurghada has to offer.
34 Luxury apartments from studios to two bedroom apartments, enjoy an impressive array of services including a 50m² swimming pool, landscaped gardens and terraces, mechanical elevators (lifts), air conditioning, satellite TV reception network offering all European and local channels, Security Guard and Concierge service, telephone and internet (ADSL) connections to each apartment.
An efficient and friendly building administration eager to ensure that the highest standards of comfort and security are always maintained. The project is intended primarily for the expatriate communities in Hurghada, and foreigners looking for a holiday home in the most desirable area on the red sea next to Sharm-Al-Sheik (Residential tourism).
- A luxurious U-shaped, four story apartment building. It includes a maximum total of 34 apartments with various configurations.
- All apartments (except studios) over-look the swimming pool and the main landscaped, courtyard.
- From the second floor upward, one and two bedroom apartments have a view of the red sea.
- Lower floors, as well as the rest of the building have an uninterrupted panoramic sea-view on their roof garden.
- The building will have every amenity required by its intended potential buyers, including a swimming pool, roof garden, concierge services, closed circuit television, laundry facilities, central dish antennae and on-site security.
- Two elevator banks will service the building and highly efficient maintenance staff will be on hand 24 hours a day.
Potential return on investment: On a rental basis, a 5 years IRR of 32% is projected. (8% p. a. net)
This development is running ahead of schedule and is due to be completed in early 2007. The complex facilities are anticipated to be fully operational by the summer of 2007.
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