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MAKADI HEIGHTS in Hurghada

Name: Sales in MAKADI HEIGHTS started!
Start: 2021-11-02T08:22:32.828692+00:00
End: 2023-12-31T23:59:59+0000
Location: MAKADI HEIGHTS

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Project info

Object ID: 15492

Finished at	December 2022
Price, m²	From 2400$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 105.00 m²
Floors	3
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Fitness Pool Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

252,000$

Net profit

9,376$

Payback period

21.4 years

Avg property value increase per year

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About the project

Located in the heart of Makadi bay area in the Red Sea, Makadi Heights has a land bank of 3.4 million square meters with over 1.0 million square meters planned for development. Makadi Heights is elevated 70 meters above sea level guaranteeing magnificent views. The project is 20 minutes away from Hurghada airport, 25 minutes away from Hurghada governorate and 45 minutes away from El Gouna.

Makadi heights has the formula for the ultimate family vacation. The project offers all the amenities to keep homeowners entertained. A beach club, a Retail center, clubhouse and an outdoor entertainment zone.

The Retail center has a variety of shopping and dining facilities, a clinic, pharmacy and supermarket. The project will be encompassed by cycling tracks and walking trails. Makadi Heights homeowners will have access to different amenities and facilities to ensure a comfortable and entertaining stay for the entire family. The Clubhouse is spread across 33,000 square meters and provides a swimming pool, pool bar, gym, restaurant, sports courts and large kids play area. The beach club will host a number of water activities and a comfortable seating area to enjoy the sun.

Makadi Heights homeowners have a variety of transportation choices to reach the project. A Go Bus station is located outside the project with daily trips back and forth from Cairo. Moreover, the project’s shuttle bus is available throughout the day to transport homeowners around Hurghada and Senzo Mall.

Developer

Orascom Development Holding (ODH) is a leading developer of fully integrated destinations, including hotels, residential units and leisure f…
Details about Orascom Development Holding