Isida - Two bedroom apartments in Hurghada, Egypt.

If you are looking for the best value development in Hurghada that we have ever found, then look no further than Isida, where prices are a snip at just EGY2300 (£280/€333) per m2. But just because Isida is highly affordable doesn't mean that there are no facilities at the project. Isida features a good-sized swimming pool, gardens, elevators to all floors and a convenient location just 500m from a public beach.

 

This means that studios at Isida start at just £9,537/€11,333, with one-bedroom units starting at £13,604/€16,167 and two-bedroom apartments from £20,195/€24,000.

 

If you are interested in buying at these low prices though, you are going to have to move quite fast as these prices are discounted pre-release prices which are only going to be available until 30 September 2010, after which time the prices will be going up fast. If Isida sells as phenomenally fast asother low-priced options have sold in the past - and there's definitely no reason why it won't - then it's unlikely that there will be much left remaining in the development by that time anyway.

 

Isida - Location
Isida is located in the fast growing area of Al-Ahyaa, which has been recently designated for extensive touristic development, with many hotels under construction. It is located 15km north of the current border of Hurghada, with the luxury resort community of El Gouna, with its PGA Championship golf course and Abu Tig Marina located just 10km in the opposite direction.

 

Hurghada International Airport and the town's downtown area are both just 20 minutes away by taxi.

 

Locally, Isida benefits from an excellent location, just five minutes walk from the main public beach in the area. A new shopping mall, which will be the largest in the Hurghada area, anchored by a Carrefour hypermarket, is just 500m from here, together with many other planned tourist attractions including a sound and light show.

 

Isida - Features and facilities
Located just five minutes' walk from a public beach
Good location in the heart of the fast evolving Al Ahyaa area of Hurghada.
Large swimming pool on site with dedicated childrens' section
Gardens around the project
Communal roof terrace with seaviews
Centralized satellite television, telephone and internet links to all apartments
High speed internet to all apartments
Two elevators to all floors
24 hour security
Ten years' builders' guarantee
Low annual maintenance fee of just LE2500 (GBP280/EUR340)

 

Isida - Payment Schedule
Reservation fee of $1000 (GBP640/EUR670) refundable for 28 days.
40% deposit (less the reservation fee) due upon contract.
50% payable over 15 months in quarterly installments (i.e. 10% every three months)
10% upon completion

 

Clients who can pay 90% (less the reservation fee) upon contract can receive a 7% discount from the standard prices.

There following floor plans are available for this property

2 bedroom floorplan
Location 1
Location 2
Siteplan