Location Veranda, Sahl Hasheesh, Hurghada, EgyptType Apartment (New Development)Size 120 M²Layout 2 Bedrooms, 2 BathroomsView Pool & GardenStatus Fully Finished, Delivery in 2.5 yearsPrice 8,652,000 EGPPayment Plan 15% Down Payment, remaining installments over 6 years
1. Location and Lifestyle (Veranda, Sahl Hasheesh)Premium Destination: Sahl Hasheesh is known as a high-end, master-planned resort community. It offers a tranquil escape with excellent beaches, diving, and resort amenities, differentiating it from the busier parts of Hurghada.
Project Amenities: The Veranda project itself is well-equipped with luxury features including a private beach, clubhouse, spa, gym, and swimming pools. This ensures a high quality of life or excellent rental potential if you plan to let the unit.
Tranquility and Views: The apartment features a pool and garden view, emphasizing the tranquility and lush greenery of the Veranda development. This is a significant selling point for a holiday or retirement home.
2. Financial and Investment AssessmentNew Development Advantage: Since this is a new development with a delivery timeline of 2.5 years, the payment plan is highly beneficial.
Low Initial Cost: The 15% Down Payment allows you to secure the property without a massive upfront expenditure.
Long-Term Financing: A 6-year installment plan (interest-free from the developer) is excellent for managing cash flow. This shields your investment from immediate inflationary pressures compared to an instant cash purchase.
Price Consideration (8,652,000 EGP): Before committing, you should compare the price per square meter (around 72,100 EGP/m²) against other 2-bedroom new developments or similar high-end, off-plan projects in Sahl Hasheesh. This ensures you are paying a fair market rate for the area and stage of development.
Rental Potential: Sahl Hasheesh apartments, particularly those with resort amenities like Veranda, have high demand for short-term holiday rentals. Research the expected daily/weekly rental rates for a 2-bedroom unit in this specific area to project potential returns.
3. Key Due Diligence (Next Steps)Confirm All Costs: Ask the agent for a detailed breakdown of the total purchase price, including any hidden fees such as:
Maintenance/Service Fees (usually a one-time payment upon delivery or an annual fee).
Registration/Transfer Fees.
The exact payment schedule for the installments.
Verify Developer Credibility: The page mentions the developer is Selena Development. As a new development, confirm their track record, particularly their ability to deliver projects on time (they are described as having a successful story in this regard).
Visit the Site (If Possible): If you are able to travel, a site visit to the Veranda project (or Sahl Hasheesh in general) is crucial to assess the construction progress, the actual distance to the beach, and the overall atmosphere of the community.
Review the Contract: Always have a reputable, independent real estate lawyer review the purchase contract before signing, focusing specifically on the delivery date, penalty clauses for delays, and the details of the finishing and amenities.
