Palme Royale - 2 bed penthouse in Hurghada

From the five-star aparthotel to the individual beachfront villas, the cluster of individual townhouses to the spectacular design of the ample studios, one and two bed apartments and penthouses, this project has been designed to attract the discerning few. At Palme Royale, you can delight in the lush tropical gardens with infinity pools merging into the blue ocean, relax in the health spa catering for your every need or shop in the myriad designer outlets which line the foyer.

The entire complex will be managed by an international Swiss hotel chain to ensure not only a quality experience at every level, but to guarantee that those looking to buy into Palme Royale mostly for investment purposes obtain the maximum possible rental returns.

For the first two years from launch, Palme Royale offers a 6% Guaranteed Rental Scheme. Following this initial period, once the area surrounding the resort is full developed, significantly higher returns than this are anticipated as rentals at such a high-class resort will fetch premium prices and occupancy levels of 80% are achieved by the majority of hotels in Hurghada all year round.

Palme Royale is currently in its pre-launch phase, which means that prices are discounted by 10% for the first fifty buyers.

This 10% discount is taken off the initial payment on contract - meaning that the first payment is only 30% of the total (non-discounted) price.

Palm Royal – Location

Once a small fishing village, Hurghada has grown in recent years to become one of Egypt’s premier tourist destinations, and one of the Red Sea’s most popular resorts. Accessed predominantly via the Hurghada International Airport, Hurghada nowadays benefits from a rapidly increasing domestic and international tourist trade.

As well as the regions obvious potential for tourism revenues, Hurghada also offer investors considerable opportunity for capital growth. With the market for property in Hurghada still in a relatively embryonic stage, it is estimated that capital growth rates will remain in the region of 20-25% for the foreseeable future.

Palm Royal – Features and facilities

• Infinity swimming pools
• Superb beachfront location
• Lush tropical gardens
• Experienced property management group
• 6% guaranteed rental income for two years

Payment Schedule

• EUR2000 reservation fee (fully refundable until signature of contract)
• 40% upon signing contract (less the EUR2000 reservation fee)
• 40% in June 2010
• 15% in June 2011
• 5% upon handover in October 2011