The perfect opportunity for anyone on a tight budget to get on the property ladder in this well located development with a pool and elevators to all floors. Already completed
Two-bedroom apartments of 78-100m2 from GBP22,304/EUR26,920
Tiba Towers 2
Tiba Towers 2 is the perfect purchase for anyone with limited funds who is looking to get their foot on the bottom rung of the property ladder, as there are few other developments in the world which offer such excellent value for money.
There is a variety of apartments to choose from at Tiba Towers 2, starting from studios at under GBP10,000/EUR11,000, going up to two-bedroom apartments from under GBP23,000/EUR27,000. These low prices are backed by a generous payment plan which allows buyers to pay most of the cost of the apartment over a period twelve months.
Tiba Towers 2 is located right in the heart of the fast growing Al-Ahyaa area, which is on target to become the heart of ‘New Hurghada’ over the next five years. Al-Ahyaa public beach is located less than five minutes’ walk from the development, with a planned shopping mall and other new tourist attractions a similar short walk away.
The area is located halfway between El Gouna, with its PGA Championship golf course and famous Abu Tig Marina, and bustling Hurghada with its wide array of shops and nightlife.
In summary, Tiba Towers 2 is the perfect first purchase for anyone looking at buying a second home abroad – either as a holiday home or an investment.
Tiba Towers 2 is located in the fast growing area of Al-Ahyaa, which has been recently designated for extensive touristic development, with many hotels under construction.
It is located 15km north of the current border of Hurghada, with the luxury resort community of El Gouna, with its PGA Championship golf course and Abu Tig Marina located just 10km in the opposite direction.
Hurghada International Airport and the town’s downtown area are both just 20 minutes away by taxi.
Locally, Tiba Towers 2 benefits from an excellent location, just five minutes walk from the main public beach in the area. A new shopping mall, which will be the largest in the Hurghada area, anchored by a Carrefour hypermarket, is just 500m from here, together with many other planned tourist attractions including a sound and light show.
Facilities and Benefits
Located just five minutes’ walk from a public beach
Good location in the heart of the fast evolving Al Ahyaa area of Hurghada.
Large swimming pool on site
Gardens around the project
Centralized satellite television, telephone and internet links to all apartments
High speed internet to all apartments
Elevators to all floors
24 hour security
Ten years’ builders’ guarantee
Low annual maintenance fee of just LE2000 (GBP240/EUR270)
Reservation fee of LE5000 (GBP600/EUR670) refundable for 28 days.
40% deposit (less the reservation fee) due upon contract.
45% payable until 1 December 2011 in quarterly installments
15% upon completion