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    3 Bedroom Apartment for sale at Soma Bay
    Safaga, Hurghada,Red Sea
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    Sale Price
    EGP14,380,000
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    3 Bedroom Apartment for sale at Soma Bay

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    Safaga, Hurghada,Red Sea
    Unit ID: U1966367
    3 Bedrooms
    2 Bathrooms
    139 SqM Size
    1 Floor
    Dec 2016 Completed
     (Write Review)
    Sale Price
    EGP14,380,000
    25

    About This Apartment

    This property is a 139 SqM apartment with 3 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 apartment for a base price of EGP14,380,000 (EGP103,453/SqM).

    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 Duplex Penthouse at the ARC Residential Project in Somabay: The Duplex Penthouse at the ARC Residential Project in Somabay sets new standards for contemporary elegance by the sea. With its stylish glass facades, the apartment offers uninterrupted, breathtaking sea views while ensuring the utmost privacy for its residents. The ARC Residential Project spans 101,530 m² and includes 362 suites, multiple pools, and expansive green areas. The Duplex Penthouse features a spacious 139 m² layout over two levels, with three bedrooms and two bathrooms. The modern design is characterized by neutral tones and high-quality finishes. The 60 m² terrace is perfect for enjoying panoramic views, whether for relaxation or entertaining. Large windows allow plenty of natural light and offer a spectacular view of the sea. Project Completion: The project is planned for completion three years after the contract signing.Payment Terms: A 10% down payment is required, with the balance paid over 7 years in equal 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.
    •  
    • Leisure Activities in Somabay: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 – The Perfect Retreat on the Red Sea: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 week ago
    Property Type Apartment
    Floor 1
    Bedrooms 3
    Size 139 SqM
    Price per SqM EGP103,453
    Pets All Kind of Pets Allowed
    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.
    EGP800/mo
    Listed By
    Each listing provided by partnered agents is individually verified by FazWaz.com.eg. Partner Agents work for different brokerages or property management companies but have teamed up with FazWaz.com.eg so that we can provide you a wider choice of properties
    Agent / Partner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1966367

    Investment Opportunity: Charges & Yield

    Sale Price
    EGP14,380,000
    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.
    EGP800/mo

    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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