Ground Floor Apartment For Sale In Reef Town Soma Bay

Apartment
Beds:2
Baths:2
112 M²

Description

*Reef Town Apartment Specifications:

- This luxurious apartment is 112 sqm; it is situated on the ground floor with an 87 sqm private garden and it is located in Reef Town Soma Bay.

- The Reef town apartment has two bedrooms, two bathrooms, an open kitchen, a dining area, a living area, and a terrace overlooking the private garden.

- The Reef Town apartment suits serenity, luxury, privacy, and relaxation seekers.

- The Reef town Apartment is to be delivered fully finished.

- The Reef Town Apartment is designed to blend seamlessly into the surrounding natural landscape.

- The Reef town apartment is to be delivered in 3 years with a 10% down payment and installments up to 7 years.

*About Reef Town Soma Bay:

- Developed to incorporate modern elements taken by the minimalistic style of the natural colors and textures that compose Somabay, Reeftown is the latest project to reflect the beauty of the Red Sea in structure and design.

- Located between Wadi Jebal and Soma Breeze the strategic positioning of Reeftown on the Reef side of the bay boasts unobstructed, panoramic views of the Red Sea and beyond.

- The project is comprised of intimate, two-to-three-bedroom chalets that are designed to blend seamlessly into the surrounding natural landscape.

- Near the diverse facilities provided in Somabay, residents of Reeftown are only a short walk away from our world-renowned golf course, private coastline, and The Cascades Hotel.

*About Somabay:

Somabay is a ten-million-square-meter resort peninsula on Egypt’s Red Sea Coast, designed to celebrate the best elements of the sun and sea.

This self-contained resort paradise is encompassed by endless sandy beaches to the South and magical coral reefs to the North.

Somabay hosts a pure natural landscape accented by its diverse resort hotels, residential properties, golf course, thalasso spa, and water sports centers.

The peninsula is blessed with dry desert winds and low humidity. Winters are temperate with daytime temperatures averaging in the low to mid 20 C while summer averages in the low 30 C.

Somabay is home to world-class hotels and resorts, offering the best hospitality along the Red Sea

The Westin Soma Bay Golf resort & Spa is a haven of tranquility, comfort and elegance for golf enthusiasts. Here’s where you can come for a relaxing and invigorating experience for the body, mind and soul.

Inspired by the ancient Moorish fortresses, the Kempinski overwhelms its visitors with 7000 square meters of landscaped gardens, pools, lagoons, waterfalls and 400 meters of sandy beaches, promising nothing less than hospitable luxury.

The Sheraton is a unique five-star resort, with design inspiration from Luxor’s Karnak and an 800-meter beachfront.

There’s also the modernity offered by The Breakers 4-star water-sports lifestyle hotel directly by the sea, while the Robinson Club Soma Bay, known for its Arabesque architecture and extensive facilities, delivers on exceptional animation and entertainment programs to suit everyone’s taste.

With a world of hospitality options available, all you need to do next is enjoy the ideal weather conditions by engaging in over and under the sea water sports such as kite surfing, diving, wind surfing, and sailing. You’re in for adventures that are easy, safe, and fun thanks to the host of premium centers.

7Bft Kite House is one known for its excellent, Consistent flat-water conditions and side shoe winds.

Diving enthusiasts can head over to Somabays’s Dive Center, operated by ORCA Dive Clubs, enjoy the 420-meter-long jetty which extends directly to the House Reef, and embark on deep sea diving and snorkeling. Both centers provide certified instructors who offer lessons from beginner to advanced levels and are well-equipped to ensure your adventures are fun, safe and incredible.

Somabay’s new management set real estate marketing as a crucial part of its strategy along with hospitality, Somabay has a promising future in Hurghada real estate market and investment, Somabay was not affected by the decline in the real estate market, on the contrary, the company’s sales are increasing because it targets a specific segment, and 30% of its customers are foreigners.

*Investing in SomaBay:

Somabay is aiming to attract international visitors and establish itself as a leading global tourism destination. The new management of Somabay has identified real estate marketing as a critical aspect of its strategy, in addition to hospitality.

Investing in SomaBay offers a promising opportunity within the Hurghada real estate market. SomaBay is a highly desirable tourist destination that attracts visitors from around the globe due to its international sports events, art scene, golf courses, and fishing, kite surfing and diving activities. Its growing popularity makes it an appealing prospect for real estate investment.

Despite the recent deflation in the Egyptian real estate market, SomaBay's sales have not been negatively impacted. On the contrary, the company's sales are increasing because it targets a specific segment. Additionally, 30% of its customers are foreigners, making it an ideal destination for both stable investment and personal inspiration.

The location is one of the most crucial factors in real estate investments and high return on investment rates. This apartment is an excellent choice if you are looking for a stable real estate investment, given its prime location in one of the top desirable destinations and high demand. As a result, you can either move into the apartment and benefit from its guaranteed increase in value, or use it as an income-producing investment by renting it out at a guaranteed high rental rate that yields a high percentage of its value annually.

*Location:

Somabay is just four hours away from Central Europe and a 30-minute drive away from Hurghada International Airport, Furthermore; the ancient sites of Luxor and the Nile Valley are a convenient two hour drive away.