Ancient Sands in El Gouna – a gated luxury residential golf community
on Egypt’s beautiful Red Sea Riviera
ONLY 73 RESIDENCES AVAILABLE FOR PRE-LAUNCH OFFER
Take advantage of a pre-launch opportunity to invest in arguably the highest quality designer resort in Egypt, Ancient Sands in El Gouna, only 22 km north of Hurghada International Airport and along Egypt’s incredible Red Sea coast.
The luxury properties are set amongst an 18-hole Karl Litten designed championship golf course overlooking an azure lagoon which flows into the development from the sea. The grand golf club estate house, tranquil holistic spa centre, refreshing swimming pools, delicious restaurants and stylish bars are sprinkled throughout the stunning hilltop piazza. Each spacious home enjoys views of red tinted mountains, blue lagoons, the crystal clear waters of the Red Sea or the lush fairways of the golf course.
For a limited time only, we are able to offer a 10% discount on launch prices. And in addtion, for the first 50 purchasers a 6% net rental guarantee is available. A dedicated rental management programme is available and those buyers who participate in this will also enjoy 45 days personal use per year. Other owner benefits include a one year complimentary golf club membership and membership to Quintessentially, the world’s leading concierge service and private members club. Mortgage finance is available at completion.
Only 73 units are available for this pre-launch offer. During pre-launch a selection of studio to two bedroom apartments and two bedroom townhouses are available.
El Gouna is easily accessible and boasts a superb infrastructure and excellent services as well as natural beaches and year-round sunshine. A world in a town, El Gouna places everything on your doorstep, from the existing 18-hole USPGA golf course, a lavish new super yacht marina, elegant bars and restaurants and a variety of shopping experiences to cater to your every need.
19 Reasons to Invest in Ancient Sands
- Just 22km north (20 minutes) drive from Hurghada and its international airport
- Located next to the Abu Tig Marina, home to El Gouna's most exclusive restaurants, shops, bars and a new super yacht marina, currently under construction
- 10% discount on launch prices
- Mortgage available upon completion
- Steady capital growth - approx. 20% compound growth per annum in El Gouna since 1999
- For the first 50 purchasers a 6% net rental guarantee is available
- Free golf club membership
- Complimentary one year Quintessentially membership
- 18 hole, Karl Litten designed championship golf course
- 45 days personal use for rental management programme participants
- No capital gains tax. No inheritance tax.
- Only 20% build density
- Underwater paradise – some of the best diving in the world
- Incredible views from all properties
- A good range of facilities including hilltop village with piazza area, Spa and Fitness Centre, restaurants and bars
- Reputable developer; Orascom Hotels & Development, part of the largest corporate group in Egypt
- Only 20% payable at exchange, 20% after six months, 60% on completion
- Freehold ownership
- Anticipated price increases of at least 30% during construction
Location
Ancient Sands is located in the resort town of El Gouna on Egypt’s Red Sea Riviera 22 km north of Hurghada and its international airport. Arguably Egypt's most coveted resort and often referred to as ‘The Venice of the Red Sea’, El Gouna has established itself as the domain of the wealthy, the classy and the privileged. El Gouna is the weekend and holiday retreat for Cairo’s upwardly mobile.
El Gouna boasts 14 hotels which draw people from across the globe to stay in this beautiful location. The Abu Tig Marina provides modern and stylish surroundings in which to enjoy the sunshine, eat a sumptuous meal and admire the incredible yachts moored nearby. For a more traditional setting you can wander through the town centre with its lively bars and restaurants and range of shops and market areas.
The stunning sandy beaches at El Gouna are beautiful and offer the ideal place to relax and soak up the sun, while the waters off this magnificent coastline offer superb snorkelling, kite surfing and fishing opportunities.
El Gouna is one of the top locations in Egypt for property investors and tourists alike and is home to over 10,000 residents. With the compound annual growth rate for properties in El Gouna at approx. 20% it is easy to see why.
Hurghada International airport is served by a number of direct flights from the UK, Germany, Italy and other international destinations. There are also at least 5 flights per day from Cairo. In addition, there is a private airport at El Gouna which accepts private flights and a weekly charter service from Cairo.
In addition to Egypt Air, a number of international flight providers operate flights to Egypt including British Airways, KLM, Thomsonfly, Austrlian Airlines, Alitalia, Air Berlin and Lufthansa.
Ancient Sands Golf Resort will offer airport transfers for owners and guests.
For those who arrive by yacht, there are two marinas in El Gouna. The Abu Tig Marina has 126 berths and is located 200 nautical miles south of Suez. It is just 15 minutes walk from Ancient Sands Golf Resort. A third marina for super yachts up to 60m in length is presently under construction and is due for completion in 2008. In Egypt it is advisable to obtain clearance prior to arrival your port of entry.
Why Egypt?
- 14,000 additional rooms are needed annually to meet the government's tourism targets
- Egypt will remain the region’s largest tourist receiving country, with over 17 million international tourist arrivals according to The World Tourism Organisation 2020 Vision
- The Egyptian economy grew at an annualised rate of 7.5 % in the January-March quarter of 2008. The fastest growing sector is tourism at between 23% and 27%.
- Egypt is set to continue in its growth and become one of the top 20 economies by 2050.
- 0% capital gains tax, 0% inheritance tax, low stamp duty, low income tax and no VAT on purchase of real estate
- The introduction of mortgage finance and income tax reforms have liberated domestic disposable income. As a result more Egyptian nationals can afford second and holiday homes
- Year round sunshine
Why El Gouna?
- Property prices have risen at an annual growth rate of 20% in El Gouna since 1999
- Red Sea's premier leisure destination with Green Globe certification
- Robust tourist market - with over 1.3 million bed nights in El Gouna in 2006; achieved occupancy of 83% in 2007
- Strong demand - both domestic and International
- Established resale market - approximately 4% of homes are resold in El Gouna each year (a figure close to European levels of housing turnover
Residences
There will be approximately 650 residences in total, and buyers will have a good selection of residences: luxury villas, magnificent townhouses and stylish studios and apartments.
Every home at Ancient Sands is designed and finished to uncompromising standards. SB Architects, a leading resort architectural firm based in Miami, have designed the homes. The architectural style is a fusion of Arabic style and Mediterranean flair. SB Architects have incorporated features such as bricked vaulted ceilings, striking archways, impressive fireplaces, sumptuous bathrooms with exquisite marble fittings and lavish pergola covered terraces.
Apartments: Nestled in the Hilltop Village and Fairways neighbourhoods, the apartments at Ancient Sands are at the heart of this exciting development. The Hilltop Village apartments surround the central piazza with paved walkways and open courtyards giving the feel of a Mediterranean village. Every apartment has its own private terrace so you can sit outside and enjoy the incredible views across to the sea, lagoons, golf course or mountains. To cool off, owners can enjoy the beautiful swimming pools in the Hilltop Village.
Townhouses: Situated within the buildings of the Hilltop Village. The Townhouse comes with incredible roof decks on two levels providing incredible 360° panoramic views. You can enjoy the sun set from the optional Spa tub on the upper terrace. The Townhouse (Sloping) has its entry at ground level and steps down the hill to its bedroom. The bedroom opens to a generous terrace and overlooks beautiful gardens. Substantial roof terraces make these properties perfect for el fresco living.
3-5 bedroom villas will be available at a later stage.
| UNIT TYPE | GROSS BUILT AREA - EXCLUDING TERRACES | PRICES FROM: | |
| Apartments ( |
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| Studio | 57m² | US$157,108 | |
| 1 bedroom | > 78m² | US$202,159 | |
| 2 bedroom | > 103m² | US$285,384 | |
| Townhouse ( |
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| 2 bedroom | 156m² | US$473,616 |
The service fees/maintenance charges are an estimated EGP 90 per square meter per annum
For those purchasers wishing to enter the optional Rental Management Programme, three interior finishing specifications will be available: Cool White; Modern Classic and Yacht (Yacht is available at additional cost)
The cost of these superb upgraded specifications, which include air conditioning, stunning wall and floor options and designer kitchens and bathrooms, is included in the price of your unit.
For those buyers not participating in the Rental Management Programme, a more basic specification -"Gouna Galala" is available. Air conditioning and kitchen units are not included in this specification, but may be purchased separately.
Purchasers wishing to participate in the Rental Management Programme will be obliged to purchase a compulsory furniture package. The developer anticipates that the cost for furnishing an apartment in the Hilltop Village Community will be from circa US$15,000 (including white goods), depending on the size of the unit.
Facilities & Services
Ancient Sands will offer a world class 18-hole, par 72 Karl Litten designed championship golf course adding to the already established Red Sea golfing circuit. Overall, Karl Litten has been involved with more than 110 golf courses. Amongst Litten’s impressive portfolio is the 27-hole Emirates Golf Club Dubai, host of the PGA European Tour Desert Classic tournament. He has also collaborated with a number of well known golf course designeds throughout his career including Gary Player, Joey Sindelar, Bruce Devlin and Isao Aoki amongst others.
Owners at Ancient Sands will secure a special golf membership package as well as being entitled to discounts on green fees at the existing El Gouna 18-hole USPGA course.
In addition to the golf course, there will be a range of facilities and services including:
- On-site concierge services by Quintessentially
- Holistic Spa Centre
- Fitness centre
- Golf Club Estate House
- Several restaurants and bars
- Swimming pools
- Kids Club and Play area
- Tennis Academy
- Library
- Business centre
- Shop
As an owner at Ancient Sands, you will receive a fantastic selection of benefits as well as being entitled to the El Gouna Owner's Card. Benefits include:
- A complimentary one year membership to Quintessentially with access to its 24-hour global concierge service.
- One Year Free Golf Membership. The membership is for two people and allows reduced green fees for play on the course.
- 25% discount on green fees and equipment hire at both golf courses in El Gouna
- 25% discount on Spa treatments
- 50% discount from rental rates at the resort for those properties included within the rental management programme
- Complimentary Tennis Court Use
The El Gouna Owner's Card provides a variety of discounts and benefits. These benefits can include:
- Free or discounted beach and pool access at specified hotels within El Gouna
- Discounts on spa treatments
- Discounts at El Gouna hotel rooms
- Low cost health club membership
- Discounted green fees and golf equipment hire
- Special offers in selected restaurants, cafes and bars throughout El Gouna
- Discounts on activities such as Go-Carting, Horse Riding, Diving, Water sports and Sailing.
- Discounts at certain shops within El Gouna
All owner benefits, except the Quintessentially Membership, are fully transferable to future owners, further enhancing your resale potential.
Terms and conditions apply and ownership benefits can be changed at the discretion of the resort management.
Rental Management Programme
As an exceptionally popular tourist area, El Gouna offers the opportunity to secure rental income from your investment. Ancient Sands will have a dedicated rental management programme to make sure that you get the maximum return from your property. Entrance to this rental pool is optional.
The rental pool system will provide a variable return based on usage. Income will be pooled and allocated on a per square meter basis.
Quintessentially will provide luxury on-site concierge services for the resort, while Ancient Sands Golf Resort SAE, majority owned by Orascom Hotels & Development (OHD), Egypt’s largest hotel operator and developer of El Gouna, will operate the rental management programme. The resort will offer the same standards and facilities as a 5 star hotel.
Owners of properties may enter the rental management programme at their discretion and may withdraw at any time subject to the notice period. All owners who become part of the rental pool must purchase the basic furniture package. The rental return will be paid quarterly in arrears in US dollars.
After a deduction of 4% for the Fixtures, Fittings & Equipment (F, F & E) Fund which will ensure that the furnishings and fittings in your property are properly maintained, you will be allocated 50% of the room rental income. From your share, you will pay the annual property tax and income tax.
Projections show a likely annual rental return of 14% on your purchase. The anticipated yields are based upon the assessed market value of the property taken into account 75% occupancy and are gross. Owners will have 45 days complimentary use per year.
Purchase Details
Preferential Payment Process for Pre-Release:
- Only US$ 5,000 reservation fee (non-refundable).
- 20% on exchange of contracts (up to 30 days after reservation).
- 20% due six months following exchange of contracts.
- Balance of 60% payable upon completion and delivery.
Mortgage finance is available at completion.
Ancient Sands Golf Resort is being developed in a number of phases. The first phase will complete in 2011.
Acquisition costs in Egypt are low. No VAT is payable upon purchase of property in Egypt.
The land and your unit is freehold.
The annual costs include annual property tax (approx. 1 month’s rental value equivalent )and maintenance charges.
No capital gains tax. No inheritance tax.
Hot Properties Worldwide is an authorised sales representative of Ancient Sands
