Pyramisa Beach Resort -
Sahl Hasheesh, Egypt

General Area:

Located in the exclusive new resort of Sahl Hasheesh, set in a natural bay with over 12km of sandy beach front, a community of elegant buildings incorporating a blend of varying Egyptian themes, colours, resplendent domes, arches and colours.

This gated community is fast becoming an exclusive destination offering tourists and residents fantastic views of the sea, the desert and the mountains, and permanent summer weather. The resort will offer many luxury international hotel names, a cinema, a marina and a sunken city for divers and golf courses along with numerous shops and services.

The Sunken City

The Red Sea is a premier diving destination with more than 30 metres of underwater visibility.

One of the main focal points of the resort will be the underwater historical attraction - The Sunken City. This ‘Atlantis’ lies on the floor of Sahl Hasheesh Bay and will provide a unique experience to divers, as well as visitors visually exploring the city from the pier that extends into the crystal clear waters of the bay.

The Pyramisa Hotel and its private beach are located directly in front of this underwater archaeological paradise.

Development Description

The Pyramisa
Built, managed and owned by the Pyramisa group, one of the leading private hotel chains in Egypt, established in 1979 and listed on the Egyptian stock market. Offering a distinguished selection of 5 Star Hotels, operating 6,700 rooms across Egypt, you can enjoy a warm welcome, superb locations, luxurious features with services of the highest international standard.

Facilities:

Two heated swimming pools and slides
Poolside and beach bar
5 Restaurants (2 Main, 1 Italian, 1 Asian, 1 Seafood)
Health Club (Jacuzzi, Gym, Sauna & Steam Room)
Tennis Courts
Children’s club and playground
Diving and Aqua sports
Convention Centre
Outdoor Amphitheatre
Daily animation programme
Live evening shows and entertainment

Prices and Unit Specifications

Studio Unit area 42m2 - 52m2 Price Band £43,945 - £77,220

1 Bedroom Unit area 94m2 - 110m2 Price Band £96,632 - £223,190

2 Bedroom Unit area 140m2 - 180m2 Price Band £221,760 - £258,300

850 Units
All apartments come fully furnished
All properties are fully insured
Freehold
Central air-conditioning
Colour TV and fridge
Satellite Channels
Annual Maintenance Fee (£8/m2 leaseback, (£16/m2 straight purchase)
All inclusive option at €35 per day per person
(Children under 6 free, 6 -12 €18 per day)
10 years builders warranty

Sahl Hasheesh - Summary

7% rental guarantee on lease back contract (paid annually in arrears).
Personal usage - 4 weeks with a studio, 8 weeks with 1 or 2 bedroom units (Limitations - Christmas, New Year, Easter, August).
2 weeks exchangeable within hotel group or cruise.
Various payment options.
Year round sun - average temperature - Summer (May-October) 30°, Winter (November-April) 20°.
50% mortgage offer - non status.
100% buy back guarantee.
5 hour flights from UK.
Hurghada International Airport 20km from resort.
Immediate use - completed April 2007.
No capital gains tax, inheritance tax or V.A.T.
Real Estate Tax approximately £50 p.a.
Sliding scale income tax (10/15/20%) after 50% deductions for cost.
Lawyers fee and registration fee at approximately 3% of purchase price.

Although every care has been taken to ensure the accuracy of the information given, the contents do not form any part of any contract and should be treated as a guide only.

* Prices subject to change without notification.

Photo Gallery

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