Golden Park :: Red Sea Riviera, Egypt

Why Buy Golden Park Red Sea Resort and Spa

1. Pre-release prices (20% discount on Phase 1)
Given the expected demand we can only hold these pre-release prices for one month, these prices are on offer to initial early investors on a small number of properties and have been negotiated on this basis. Once we fully launch then the cost of marketing will be reflected in the Development prices.

2. Five year rental guarantee
Every property comes with a rental guarantee of 7% for five years, with an option to renew after the term.

3. Growing economy
Egypt’s significant growth in foreign and local investment looks highly promising, showing a 500% increase over the past 12months.

4. Straightforward purchase and ownership
The law in Egypt allows foreign ownership of property to be relatively straightforward.

• There is no VAT to be charged on buying a property in Egypt
• You can fully own the freehold, excluding Sinai Peninsular
• There is no CGT tax in Egypt for foreign owners
• Registering the property in the land registry is under 1.5% of the property value
• There is no wealth tax based on the value of the property

5. The Development – (Offers increased resale and capital growth opportunities)

• An exclusive development with an International Spa and access to the Golden Five City resort facilities and private beach
• Just 20% build density
• Wide choice of units and prices available for investment
• The units come fully furnished as part of the price. Five star deluxe contemporary furniture range to match many styles and tastes
• In a region that has historically been dominated by ‘apartment only’ developments the four unique villa styles and townhouses on offer at Golden Park are the first of their type in the region.

6. The Developers
The Family owners of Golden Park have huge financial resources and are long standing key players within the local and International travel industry. They have many large business interests including one of Egypt’s premier travel companies, Kimidar Tours which employs over 1150 staff. The family planned, constructed, own and operate resort complexes within Egypt including Golden 5 City, one of the most successful in all of Hurghada.

7. Tourism in Egypt is on the rise
Egypt has once again succeeded in expanding the tourism industry, bringing in more tourists who stay longer and come back more frequently. 2007 saw more than a 22% increase in visitors to Egypt.

• Europe has remained the largest tourist market for Egypt, with regulars such as the Italians, Germans, French and British
• The massive expansion of the Eastern European market. Not only did Russia rank as the number one country in the world visiting Egypt, but newer faces such as Poland and the Ukraine also made the top ten
• In central Europe, the number of Czech Republicans and Austrian tourists increased by 26%
• In Northern Europe, Egypt has also remained a favourite for Finns (+18.9%), Norwegians (+34.2%), Swedish (+14.1%), and Danish tourists (+42.3%)
• In Asia, Indian and Chinese markets showed good results with respectively 34.6% and56.6% increase over 2006

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