Zina Heights, Hurghada

Country

Egypt

Area

Red Sea Coastline

Region

Red Sea

Town

Hurghada

See How Zina Heights Will Rent So Well. Zina Heights in Hurghada has a Three Year Rental Guranatee at 6%, 7% and 8%.  Plus it offers investors a chance to buy in a sought after central position giving walking access to beach. See latest photographs and video opposite.

The New Hurghada promenade with its infrastructure of bars, shops and restaurants are just a minutes walk away. This is where people want to stay and the whole site is, unusially for the are, very spacious. From upper floors you get sea views. Be sure to contact us for viewing of this and a huge range of Hurghada and Sahl Hasheesh property.

Zina Heights Deluxe Resort development falls into the category of minimal ownership hassle. With a hotel like design and facilities in a central location, in new Hurghada, Zina Heights has the added bonus that work has already commenced BEFORE launch.

The main focus of investors right now should be on the reduction of investment risk.

Its what I’m searching for all the time for my clients and this is one opportunity that will set a standard in the area for others to follow. So I know Zina Heights has already started construction, what else makes this one to consider?

Rental Guarantee

Investing in Hurghada usually means no rental guarantees. However with Zina Heights there is a three year rental guarantee scheme in place of 6%, 7% and 8% each year, and an excellent payment plan spread out over two years. Zina Heights is positioning itself as one of Hurghada’s most prestigious tourist and business hotels.

Egypt in general

Many used to think of Egypt as being all about Pyramids and the Nile and all the other ancient history wonders it is home to.

However, its now also gaining an excellent reputation for the value for money resorts and hotels located along the turquoise waters of the Red Sea coast.  The fantastic climate that exists there all year round means that you get guaranteed sunshine.

With unspoilt coastlines, coral reefs, year round sunshine, and golf courses nearby, it is the fastest growing tourist destination in Egypt. Hotels in Hurghada are already reporting 85%-90% occupancy all year.

I recommend everyone who is not sure to take a trip there, I’ll be glad to put a relaxed property viewing schedule together for you.

Why Buy Into Facilities?

This luxury hotel development is located within walking distance of the town centre of Hurghada and a few minutes from the beautiful white sandy beaches in Hurghada.

 The  master suites are located within a Deluxe Hotel resort and these residential apartments have the benefit of a range of generous and exclusive hotel services and guest amenities located on the ground floor, to include a range of fine dining restaurants, spa, boutiques, bars and concierge services.

Facilities help to ensure high rental rates and occupancy. You can see that the developer is already a well respected hotelier having developed and managed the Marlin Hotel in Hurghada

Prices

Pre launch prices for Zina Heights start at €39,900 for a pool view up to €50,000 for seaview apartments, there is a wide choice of apartments available for the 330 total.

Tourism

Tourism is becoming Egypt’s most lucrative industry and according to the U.N tourism organization, tourism in the country increased by 20% during 2007, which is excellent news for the buy-to-let/tourism rental market.

The government in Egypt is doing a lot to encourage international companies and individuals to take advantage of the new tax laws to purchase properties there. Buying property in Egypt is quite simple with relatively low purchase costs and most importantly for investors there is no capital gains or inheritance tax.

Flights

Flights are readily available from all major European destinations, and with new initiatives, including low budget airlines like EasyJet commencing flights to Hurghada it is expected that tourism figures to Egypt will reach 14 million people by 2010.

Summary

Yes, this review is more positive than other new offerings in the region, but also because I believe Zina Heights to be a better rental proposition than most others in the area.

Zina Heights goes further than most to lower the investment risk. In my view, this is achieved because of the experience of the developer in building and managing other hotels, the quality of materials used, the integral boutique hotel, facilities and the offering a three year rental guarantee. These are my views,  but please can you comment to let me know what you think.

Oh and finally… its called Zina Heights because Mr Adley’s daughter is called Zina, so now you know.

If you are interested in finding out more about Zina Heights, or investing in property in Egypt be it in Cairo, Sharm Al Sheik or Hurghada, then do please email your questions to lance.nelson@jet2letproperty.com or call +44(0)113 3131000.