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    2 Bedroom Apartment for sale at Soma Bay
    Safaga, Hurghada,Red Sea
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    Sale Price
    $149,000
    Request Details

    2 Bedroom Apartment for sale at Soma Bay
     (Write Review)
    Unit ID: U1966252
    4% Rental Yield
    Safaga, Hurghada,Red Sea
    $149,000
    2 Bedrooms
    1
    Bathroom
    786 Sqft
    Size
    Ground Floor
    Floor
    Dec 2016
    Completed
    18
    Sale Price
    $149,000

    About This Apartment

    This property is a 786 Sqft apartment with 2 bedrooms and 1 bathroom that is available for sale. It is part of the project in Safaga, Red Sea and was completed in Dec 2016. You can buy this apartment for a base price of $149,000 ($190/Sqft).

    Somabay High-end residential luxury on the peninsula. Red S

    • Somabay – An Exclusive Circle for the Elite:Somabay is a private sanctuary for a select elite – a place where only the most successful and discerning members of society find a home. International business leaders, affluent families, and high-ranking executives from around the world value this retreat as a statement of their status and elevated lifestyle. Somabay embodies a world where exclusivity, prestige, and sophisticated interaction shape everyday life – a unique environment for those who seek only the best.
    •  
    • About the Offered Golf Suite in the ARC Residential Project, Somabay:The ARC project consists of 362 suites across 101,530 square meters, divided into Golf and Grand Suites, complemented by multiple pools and expansive green areas. Situated at the top of the peninsula, the suites offer unparalleled sea views. The modern buildings feature a maximum of five units per building, ensuring privacy and exclusivity.The Golf Suites are distinguished by east-facing balconies with uninterrupted views of the crystal blue sea. Large windows allow plenty of natural light and provide a magnificent sea view all day long.Each suite spans 73 square meters and includes one bedroom, a bathroom, a kitchenette, and a balcony. Located on the ground floor, these suites offer direct access to the pool and garden areas, ideal for couples or small families looking to enjoy year-round sunshine.The project is scheduled for completion three years after contract signing. Payment terms include a 10% down payment, followed by a seven-year term with quarterly installments – simple and interest-free.
    •  
    • Investment Benefits in Somabay:Somabay offers numerous advantages for investors, including low additional purchase costs and high demand for holiday rentals. Renowned hotels like Kempinski, Sheraton, and The Cascades contribute to the property's appreciation, making Somabay an exclusive location. Professional management handles property administration and rental, while flexible, interest-free payment plans make entry easy.
    •  
    • Somabay offers world-class events year-round for sports enthusiasts and leisure seekers from around the globe:• Golf: The Gary Player and Tim Lobb Golf Courses provide unforgettable experiences.• Kitesurfing: Perfect for beginners and pros alike at the 7BFT Kite Surfing Center.• Diving: Discover top diving spots with the ORCA Dive Center.• Spa: Relaxation awaits at the Cascades Spa & Thalasso.• Marina & Beach Clubs: Exclusive retreats for pure relaxation.• Leisure & Attractions: Fun activities at Soma Splash Aqua Park and Soma Raceway.• Horse Riding: Enjoy events and rides at Jasmine Horse Stable.
    • Somabay is more than just a destination; it’s a luxurious lifestyle available to you year-round. Surrounded by an exclusive community of distinguished individuals, discerning retirees, and families, Somabay offers everything needed for an active, worry-free life under the sun. In addition to world-class leisure and unique recreational offerings, essential amenities such as schools, clinics, and pharmacies are also at hand.
    •  
    • About Us:
    • My name is Khoder Fattah, Managing Director of Properties and Partners. With over 22 years of experience in the real estate and construction industries in Germany, my team and I are here to assist you in Hurghada on the Red Sea. We offer construction quality control, market analysis, purchase advisory services, and an independent, complimentary initial consultation. "I look forward to a successful partnership with you."

    Basic Information

    Date Listed Nov 10, 2024
    Updated 1 month ago
    Property Type Apartment
    Floor Ground Floor
    Bedrooms 2
    Size 786 Sqft
    Price per Sqft $190
    Pets N/A
    Apartment Ownership
    N/A
    Furniture
    Unfurnished
    View(s) N/A
    Unit Type N/A
    Building N/A
    CAM Fee
    The common area maintenance (CAM) fee has to be paid monthly by owners for the upkeep of the common areas of condominium and housing projects. For new build projects, it is common to pay between 1 - 3 years’ management fees in advance upon the transfer of the unit’s ownership.
    $16/mo
    Listed By
    Each listing provided by partnered agents is individually verified by AsiaVillas. Partner Agents work for different brokerages or property management companies but have teamed up with AsiaVillas so that we can provide you a wider choice of properties
    Agent / Partner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1966252

    Investment Opportunity: Charges & Yield

    Sale Price
    $149,000
    CAM Fee
    The common area maintenance (CAM) fee has to be paid monthly by owners for the upkeep of the common areas of condominium and housing projects. For new build projects, it is common to pay between 1 - 3 years’ management fees in advance upon the transfer of the unit’s ownership.
    $16/mo
    Price-to-Rent Ratio
    The price-to-rent ratio is calculated at the individual home level, where the sales price is divided by 12 times its monthly rent price.
    27
    Rental Yield
    This is the gross rental yield based on the estimated rental rate. To calculate this figure we use the average monthly rent rates (for 1-year contracts) from other 2 bedroom apartments at Soma Bay, and the current sales price.
    4%

    Project Details

    Project Name: Soma Bay
    Developer: N/A
    Construction: Completed (Dec 2016)
    Floors: N/A
    Buildings: N/A
    Units: 10
    Project Area: N/A
    Nearest Landmark N/A
    Location: Safaga, Red Sea
    Soma Bay Project Details

    Available Units at Soma Bay

    For Sale 10 For Rent 1
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    Red Sea
    Safaga

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