Published: 9th September 2013
Overlooking the azure blue waters of the Red Sea, the Palme Royale is a five star aparthotel which is designed to cater for the more discerning resident. From the luxury beachfront villas and townhouses, through to the spacious studios and apartments, the Palme Royale has soemthing to offer for every taste and budget. Perfected situated on the beach front, the Palme Royale is set amongst lush tropical gardens, with infinity pools which blend into the blue ocean beyond.
Expertly managed by an experienced Swiss International hotel chain, your investment at the Palme Royale will be managed to maximise your long term rental returns. The resort currently offers a generous 6% rental guarantee scheme as it is in it's launch pkase, however long term returns are projected to be far higher than this due to the areas high occupancy rate (in excess of 80%) for luxury hotels. As the Palme Royale is currently still in it's launch phase, the first fifty buyers will be offered an extra 10% discount. This discount will be taken off the initial payment on contract, and as such the first payment would represent only 30% of the total (non-discounted) price.
Hurghada has grown in recent years to become one of the Red Sea's most prominant resorts, and one of Egypt's most popular destinations for people looking to purchase property in the Red Sea. Tourist in the resort is showing considerable growth, and with the area still at a relatively embryonic stage, it is estimated that growth rates in Hurghada will remain around 20-25% for the foreseeable future.
The Palme Royale is due for completion in October 2011. The reservation fee is currently €2,000.00 which is fully refundable until signature of contract