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    2 Bedroom Condo for sale at Soma Bay
    Safaga, Hurghada,Red Sea
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    Sale Price
    EGP13,300,000
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    2 Bedroom Condo for sale at Soma Bay

     (Write Review)
    Safaga, Hurghada,Red Sea
    Unit ID: U1399428
    6% Rental Yield
    2 Bedrooms
    2 Bathrooms
    135 SqM Size
    2 Floor
    Dec 2016 Completed
     (Write Review)
    Sale Price
    EGP13,300,000
    9

    About This Condo

    This property is a 135 SqM condo with 2 bedrooms and 2 bathrooms 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 condo for a base price of EGP13,300,000 (EGP98,900/SqM) and it is also available for long term rentals starting from EGP69,400 per month.

    Features

    BalconyBalcony MicrowaveMicrowave

    Basic Information

    Date Listed Sep 20, 2023
    Updated 1 year ago
    Property Type Condo
    Floor 2
    Bedrooms 2
    Size 135 SqM
    Price per SqM EGP98,900
    Pets N/A
    Condo Ownership
    Foreign Quota
    Furniture
    A fully-furnished property is one which is equipped with all required items of a household. From sofa to table lamp, from bed to a dresser and even electronic appliances, utensils and glassware in the kitchen – a fully-furnished property has everything required in your day-to-day life.
    Fully Furnished
    View(s) City View, Garden View
    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.
    EGP2,880/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1399428

    Investment Opportunity: Charges & Yield

    Sale Price
    EGP13,300,000
    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.
    EGP2,880/mo
    Rent
    EGP69,400/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.
    16
    Rental Yield
    This is the gross rental yield. To calculate this figure we use the advertised monthly rent rate (for a 1-year contract) and the current sales price.
    6%

    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

    Neighborhood Overview

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