Apartment For Sale In Tuban El Gouna

Bali El Gouna, Gouna

5 days ago

TypeApartment

Area (m²)117

Bedrooms2

Bathrooms2

Details

PurposeFor Sale

OwnershipPrimary

FurnishedNo

Payment OptionCash

Completion statusOff-plan

Description

Property Overview: Location: Tuban El Gouna Type: Apartment Size: 117 sqm Bedrooms/Bathrooms: 2 bedrooms, 2 bathrooms View: Lagoon Price: 531,000 in various currencies (USD, EGP, EUR, GBP, RUB). You should clarify the specific currency for the transaction. Development Status: New development, with delivery expected in 2.4 years. Payment Plan: A 15% down payment with installments over up to five years is available. Professional Advice: Pros: New Development: As a new property, it offers modern design and amenities. Payment Plan: The flexible payment plan with a low down payment and long installment period makes it a more accessible investment. Amenities: The property is part of a community with a wide range of amenities, including pools, a gym, spa, security, and beach access, which can enhance both personal enjoyment and rental potential. Lagoon View: A lagoon view is a highly desirable feature that can increase the property's value and appeal. Cons/Considerations: Delivery Time: With a delivery time of 2.4 years, this is not a suitable option for immediate occupancy or rental income. This timeframe carries inherent risks associated with construction delays. Price & Currency: The price is listed in multiple currencies. It is crucial to get a clear and fixed price in a single, stable currency to avoid potential fluctuations and to understand the true cost. You should also compare this price per square meter to similar properties in the area to ensure it's competitive. Maintenance Fees: New developments often come with ongoing maintenance fees for the shared amenities. It would be wise to inquire about the cost and frequency of these fees. Developer's Reputation: Before committing, it is essential to research the developer's track record to ensure they have a history of completing projects on time and to a high standard. Rental Market: While the amenities and location suggest good rental potential, you should research the local rental market in El Gouna to understand demand, rental rates, and occupancy levels for similar properties. Recommendation: This property appears to be a good long-term investment, particularly for those who can wait for its completion. The key steps before proceeding are: Confirm the exact price and currency. Get a clear understanding of the full payment plan and any hidden costs. Research the developer and verify their past performance. Investigate the maintenance fees. Consult with a local real estate expert to get a comparative market analysis.