El Ein Bay in Suez

Name: Sales in El Ein Bay started!
Start: 2021-11-16T10:41:13.656792+00:00
End: 2023-12-31T23:59:59+0000
Location: El Ein Bay

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Project info

Object ID: 15763

Finished at	September 2019
Price, m²	From 915$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 80.00 m²
Floors	3
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Kids playground Near supermarket
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Personal discount certificate 300$
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Return on investment for apartment

with price

10,605$

Rental income

1,103$

Management

689$

Utilities

530$

5% Income tax

8,283$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	50$	250$
February	28	21%	6	50$	300$
March	31	16%	5	55$	275$
April	30	16%	5	60$	300$
May	31	32%	10	60$	600$
June	30	60%	18	70$	1260$
July	31	80%	25	95$	2375$
August	31	80%	25	100$	2500$
September	30	46%	14	75$	1050$
October	31	45%	14	60$	840$
November	30	30%	9	50$	450$
December	31	29%	9	45$	405$
Total	365		145		10605$
Average		39%		64$

Total invested

73,200$

Net profit

8,283$

Payback period

6.9 years

Avg property value increase per year

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About the project

Al Ain Bay Sokhna is one of the tourist resorts located on Ain Sokhna Suez road. The resort has many chalets and is one of the most important sites on the Sokhna Road. It includes many services for citizens and chalets are available in different areas, it is one of the high price areas as compared to other villages located on the road.

It is located in Kilo 34 on Ain Sokhna-Suez road and there are 1100 chalets of different sizes currently located in the resort. The price is determined according to the location of the chalet inside the resort and it is also according to the area and its finishes, mostly the price of chalets inside that village is very expensive, it should be noted that the daily rental service is not available.