Majada in Suez

Name: Sales in Majada started!
Start: 2021-11-24T11:23:05.422118+00:00
End: 2023-12-31T23:59:59+0000
Location: Majada

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Construction

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Project info

Object ID: 15896

Finished at	October 2023
Price, m²	From 400$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Villa
Square	from 65.00 m²
Floors	3
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Pool Kids playground Near supermarket
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Return on investment for apartment

with price

10,110$

Rental income

1,103$

Management

689$

Utilities

505$

5% Income tax

7,813$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	22%	7	40$	280$
February	28	28%	8	40$	320$
March	31	16%	5	42$	210$
April	30	16%	5	50$	250$
May	31	38%	12	50$	600$
June	30	66%	20	55$	1100$
July	31	80%	25	90$	2250$
August	31	80%	25	90$	2250$
September	30	53%	16	75$	1200$
October	31	51%	16	50$	800$
November	30	33%	10	40$	400$
December	31	32%	10	45$	450$
Total	365		159		10110$
Average		42%		55$

Total invested

26,000$

Net profit

7,813$

Payback period

2.6 years

Avg property value increase per year

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About the project

It is one of the newest resorts in Al Ain Sokhna, in which has been taken care of all the details, as the executing company of the project has provided a wide range of vital and recreational services, there is a wonderful combination of chalets with many areas, there is a wide range of wonderful views where you can get a chalet overlooking the beautiful landscape within the project with a variety of payment systems.

Majada El Sokhna is one of the highest resorts of Al Ain Sokhna, which overlooks the most beautiful beaches of the Red Sea next to El Galala Mountain and features all the services and many recreational areas.

The resort consists of a range of luxurious chalets and a variety of spaces with a magnificent view right on the sea as well as the most beautiful landscapes.

Majada Iwan Development is the latest project of IWAN in Ain Sokhna and includes a variety of countless features in addition to direct sea views for 90% of its residential units with a 600-meter beachfront.

One of the highest residential units with a magnificent architectural design, you will find all the new services, facilities, and leisure activities to feel the luxury of staying and relaxing in the atmosphere of charming nature.

It has been executed in the heart of Ain Sokhna on the Red Sea on 101 acres with a variety of spaces among duplexes, villas, twin houses and chalets, and the majority of the space is allocated to the green space and the rest for buildings, facilities, and services

Developer

Established in 2004, IWAN Developments is a leading Egyptian real estate development shareholding company. Founded on the vision of developi…
Details about Iwan Developments