Palme Royale
Palme Royale is probably the most prestigious development being undertaken in Hurghada today.
Situated on an idyllic beach on 41,000sqm land with a wide 340 metre sandy beachfront, Palme Royale exudes quality. It really is a development fit for royalty.
From the five-star aparthotel to the individual beachfront villas, the cluster of individual townhouses to the spectacular design of the ample studios, one and two bed apartments and penthouses, this exclusive project has been designed to attract the most discerning of purchasers.
At Palme Royale, you can delight in the lush tropical gardens with infinity pools merging into the blue ocean, relax in the health spa catering for your every need or shop in the myriad designer outlets which line the foyer.
The entire complex will be managed by an international Swiss hotel chain to ensure not only a quality experience at every level, but to guarantee that those looking to buy into Palme Royale mostly for investment purposes obtain the maximum possible rental returns.
For the first two years from launch, Palme Royale offers a 6% Guaranteed Rental Scheme. Following this initial period, once the area surrounding the resort is fully developed, significantly higher returns than this are anticipated as rentals at such a high-class resorts will fetch premium prices and occupancy levels of 80% are achieved by the majority of hotels in Hurghada all year round.
Palme Royale has just been released for sale, which means that it is currently in its pre-launch phase. During this period, the first fifty buyers of apartments will receive a 10% discount on the regular launch prices. Buyers need to move fast to take advantage of this offer as it is sure to sell out quickly.
So whether you are looking to purchase as a high yielding investment property, for a holiday home in a genuine five-star quality investment, or a combination of both, Palme Royale should be first on your list to be considerd.
Palme Royale Location
Palme Royale is located in the fast-developing area of Al-Ahyaa, located 7km north of what is currently the northern limits of Hurghada.
The entire area was recently zoned for extensive touristic development and is in the process of being transformed into Hurghada's most upmarket area - a combination of four and five-star hotels, luxurious villas and top-end apartment buildings.
Just under 15 minutes by taxi to the north is the town of El Gouna, which offers visitors the use of its PGA Championship golf course, Abu Tig Marina plus a vast array of upmarket shops, restaurants and bars.
The Palme Royale development looks out over its 340m width of private beach just metres from each apartment, offering spectacular sea views from the vast majority of apartments plus excellent swimming.
Hurghada centre and the town's international airport are no more than 15 minutes away from Palme Royale by taxi.
Features and Facilities
Palme Royale is a well planned, high quality development that epitomises luxury on the Red Sea Coast. The main features of Palme Royale, Hurghada are:
Firstline private, 340m-wide sandy beach.
Stunning sea views from the vast majority of apartments.
German developer.
Large infinity pools.
All of the facilities of a luxurious 5-star hotel including concierge and 24-hour room service operated by a leading Swiss hotel management company.
Restaurants, coffee shops and bars offering a variety of cuisines.
Upmarket shops and boutiques located within Palme Royale's private mall.
On-site dive centre.
Private moorings for boats.
World class health club including a fully equipped gymnasium, sauna, etc.
Lush tropical gardens.
Shuttle busy to Hurghada and El Gouna.
Underground parking.
24 hour security.
Guaranteed Rental Scheme offering a return of 6% per annum for two years with significantly higher returns forecast after the initial period.
Four weeks personal usage per year.
Opportunities for fractional ownership.
Annual maintenance fees of EUR12/m2.
Our properties at Palme Royale feature:
Polished ceramic floors.
Tiling in kitchens and bathrooms.
Double glazed windows throughout.
Electrical installation.
Rendered walls painted.
Internal doors with locks.
All electrical power points and light switches.
Pre-installation for satellite TV and digital services.
Toilet, washbasin plus choice of wet room or luxurious bath.
Fully fitted luxurious kitchens including work surface and all units.
Ducted airconditioning units throughout as standard.
Our properties at Palme Royale are sold unfurnished, but we offer a range of luxurious furniture packs which contain absolutely everything that you would need to rent out, or move into, your new property immediately on completion. Like the Palme Royale resort itself, our Palme Royale Furniture Packs have been specially selected to epitomise the height of luxury. They are priced as follows:
Studio furniture packs from USD15,908.
One-Bed Apartment furniture packs from USD20,493.
Two-Bed Apartment furniture packs from USD25,211.
Penthouse Apartment furniture packs from USD51,232.
Prices and Payment Schedule
Palme Royale is currently in its pre-launch stage, which means that prices for all apartments are discounted by 10% from the full launch prices. This deal will expire immediately that the first 50 units have been sold - so move quickly if you want to take advantage of the offer.
The current (discounted) prices for our properties at Palme Royale are:
Studio Apartments, 51-57sqm, from USD76,104 (approx GBP46,124).
1-Bed Apartments, 56-66sqm, from USD53,627 (approx GBP32,501).
2-Bed Apartments, 88-144sqm, from USD122,795 (approx GBP74,421).
2-Bed Apartments, 144sqm, from USD266,460 (approx GBP161,491).
2-Bed Penthouse Apartments, 196sqm, from USD380,520 (approx GBP230,618).
3-Bed Townhouse, 186sqm from USD347,400 (approx GBP210,545).
Exclusive Detached Beachfront Villa, 345sqm, USD1,109,375 (approx GBP672,348).
The payment terms for properties at Palme Royale are:
USD2,000 reservation fee (fully refundable until signature of contract).
40% upon signing contract (less the USD2,000 reservation fee).
10% every six months (for five payments).
10% upon handover in July 2012.
Construction on Palme Royale commenced in early 2009. Delivery of Palme Royale is scheduled for July 2012.
Further Information
Please Contact Us at Property Matters Overseas for further information, including the latest prices and availability, for the luxury Palme Royale resort in Hurghada.
If you are looking for an exclusive beach-front property on the Red Sea, where only the most discernable of purchasers will be found, then look no further than Palme Royale!
Property Matters Overseas has property for sale in Hurghada, Sharm el-Sheikh, Sahl Hasheesh, Marsa Alam and Luxor. Please get in touch with one of our friendly property consultants for further details or if you have any questions about buying property in Egypt.
