Lotus
The residential complex "Lotus" is a gated community of luxury constructed apartments, exclusively and uniquely situated in El Kawther area of Hurghada just next to Sindbad Aqua Park and Esplanada Mall along Promenade Avenue providing a wide range of international eateries, bars, nightlife shops and much more.
As this development is located in one of the best places in Hurghada, the most popular vacation areas and the high build standard guarantees you a superb property either as a holiday home or full-time residence.
Most apartments are either overlooking the beautiful tropical gardens with fantastic lake- alike swimming pools where you can enjoy peace and tranquility, and practice nautical actives or exceptional views on the Red Sea.
All top floor apartments have nice secluded roof terraces of the same size as the apartments and most have sea and mountain views, which incur an additional charge. All the rooms are built to generous proportions and many luxuries are included as standard such as air conditioning, built in wardrobes and granite kitchen worktops. Although there are other new residential developments near Lotus, they can hardly compete the Lotus residential complex and not only for its unique beauty and high built standards but also for its location, which is in line with hotels and resorts.
Brief Details
- Distance to Airport: 2km from Hurghada International Airport
- Distance to Beach: 100 meters from the Red Sea
- Completion Date: 1st of September 2009
Facilities:
The development offers a high specification build and finish to European standards. The complex provides a delightful environment with attractive tropical gardens, swimming pools. There are plenty of facilities for those who like to keep busy:
- Fully equipped gymnasium
- Swimming pools
- Tropical Garden
- Internet cafe
- Business centre
- Restaurants
- Shop
- Security 24/7
Also, the amenities are the easy reach to Promenade, providing a wide range of international eateries, bars, shops and much more
Maintenance:
In addition the complex will provide year round year services, including maintenance and gardening.
Furniture packs
Furniture packs are available at approx 17% of the apartment price – including kitchen white goods.
Prices & payment scheduler
Buying off plan - or at some point during the construction process - is a popular option in Hurghada as the earlier you buy in, the less expensive your total purchase price will be.
Property prices are more competitive when you buy at this stage and increase in value much more quickly. In fact, the demand for Hurghada property, combined with low interest rates, could well deliver a minimum return of 25% per annum. Taking into account capital growth, returns on your capital investment could be as high as 50%.
Once you are sure the project is properly guaranteed, your main concern will be the payment schedule:
- USD 4000 reservation fee.
- 40% less reservation fee in one week upon signing of contract.
- 15% interim payment
- 15% interim payment
- 15% interim payment
- 15% on flat hand over