Property for Sale in Heliopolis, Cairo, Egypt in the City Centre

Royal Residence, Cairo

Situated in the heart of Cairo’s emerging affluent suburb of Heliopolis lies ROYAL RESIDENCE an imposing 11-storey residential tower. This opulent residential development of spectacular architectural design offers luxurious 1, 2, 3 bedroom apartments and studios that overlook a landscape that's a visual delight and provides the finest residential and retail lifestyle. This is the ideal living space for modern business professionals and families alike, with prime neighbourhoods, world-class amenities and a wide variety of distinctive facilities to suit any lifestyle on your doorstep.

Royal Residence provides a wide range of apartment types and sizes that make it suitable for all requirements. There are 110 apartments all overlooking a beautiful landscape. Sizes range from 56m2 for a studio to 210m2 for a three bed apartment. Prices start from just £45,600.

The developer, Prima Crete for Construction & Development (S.A.E) was founded in 1964 in Cairo. With its projects expanding all over Egypt, Primacrete started as a general contractor building apartments, schools, hospitals, factories, and fabulous tourist resorts. Today they have grown to become one of the leading general contractors in Egypt with over 500 employees and 4 branch offices. In over 43 years of construction they have completed all of their projects. They have a reputation for getting the project done on-time and on-budget and they are proud to report that more than 70% of their work comes from repeat clients. They have dedicated all their efforts to serve their clients with honesty and integrity.

Royal Residence in Cairo offers a five year rental guarantee which increases during the five year period. It is paid 6 monthly in arrears to the buyers nominated bank account. The owner is allowed 3 weeks usage themselves per year (with notice). The rental guarantee breakdown is as follows:

YEAR ONE: 7.5% of the property value
YEAR TWO: 8.0% of the property value
YEAR THREE: 8.5% of the property value
YEAR FOUR: 9.0% of the property value
YEAR FIVE: 10.0% of the property value

THIS MEANS THAT YOU ARE GUARANTEED TO RECEIVE 43% OF YOUR PROPERTY VALUE BACK IN RENTAL INCOME IN THE FIRST FIVE YEARS

Cairo's metropolitan area has 17.8 million people and with strong economic growth and an emerging middle class there is now a shortage of European standard properties to rent. A Novotel is $150 per night and the five star hotels have no problem charging $250 per night now.

The developer and operator of hotel d in Paris is bringing the apart-hotel concept to Cairo. Currently two bedroom apartments rent for 1,300 to 1,500 Egyptian pounds per night and one bedroom apartments 700 EGP to 1,300 EGP. Even at just 70% occupancy this works out, after expenses, at forecast yields of over 15%.

After Property Prophets did a review of other developments on the market in Cairo, we have found Royal Residence to be up to 50% cheaper than others in not so desirable areas, and with inferior finishes.

Please click below to view the floor plan for each of the 11 floors in the Royal Residence Resort:

1st Floor
2nd Floor
3rd Floor
4th Floor
5th Floor
6th Floor
7th Floor
8th Floor
9th Floor
10th Floor
11th Floor

Location

Heliopolis, Cairo, Egypt

Facilities And Maintenance

Royal Residence has the following facilities on-site:

 Guest Lounge.
 Reception.
 Intercom.
 Gym.
 Jacuzzi & Sauna.
 Central intercom.
 Central Satellite.
 Individual apartment air conditioning provided from a central unit.
 Special parking provisions for people with disabilities
 Shopping Area.
 4 elevators (and 2 for services).
 Internet Connection
 24hr Security.

Payment Terms

Property Prophets Limited have a refundable reservation fee policy which enables you to hold an apartment for up to 28 days without actually committing to the purchase. This enables you to view the development and do further due diligence prior to signing your contract and paying your first installment. The reservation fee is only refundable if the client views the property for sale in the development within the 28 day period. Only 10% of your reservation fee is retained by Property Prophets as an administration charge. We will accept verbal reservations which are valid for 48 hours. The refundable reservation fee is 10% of the property value and should accompany a signed reservation form which is available upon request. After 28 days of receipt of your reservation form and cheque, the reservation fee becomes non-refundable. There are two possible payment plans:

Payment Plan A:
10% reservation fee.
30% on signing.
15% upon completion of the foundations
20% upon completion of the shell of the building
25% on delivery

Payment Plan B:
10% reservation fee.
90% on signing.

A 6% price discount will be applied to properties paid under Payment Plan B

Property Management

Royal Residence with all the facilities and it’s location has the qualifications to run as a 5 star hotel, for this reason it is important that the development is maintained to a high standard. We have therefore formed an agreement with the French group S.A.R.L Marina, the management company for the Chain Hotel France 2 based in Paris-France. Chain Hotel France 2 has a long history in the running, managing and maintaining of prestigious hotels. For more than 25 years their hotels have been the first choice for executives and business people from all over Europe.

Along with the management company a Committee which will include representatives of the managing company and elected representatives of the owners will be there to oversee the maintenance, general upkeep and improvement of the development. This ultimately means that owners will have a say in how the development is run. The maintenance fees will be subject to change but increases will be in line with the inflation rate.

Annual Maintenance Fees range from £500 per year for a Studio, £650 for a One Bedroom Apartment, £700 for a Two Bedroom Apartment, to £800 for a Three Bedroom Apartment. These costs will initially be taken from the rental guarantee.

About the Immediate Vicinity

With its year round sunshine, warm climate and friendly nature of the Egyptian people, Egypt is an increasingly popular destination. Famous for its great natural beauty, it has fantastic scenery, stunning white powdered sandy beaches and desert landscapes. The Red Sea’s fabulous coral reefs give rise to some of the greatest dives in the world. There is plenty of rich cultural and historical interest dating back some five thousand years, and many beautiful well established tourist hotspots suitable for a variety of recreational activities. From the allure of the ancient to the new cosmopolitan communities Egypt offers something for everyone.

There is easy access to Egypt via direct flights from many international airports and English is the second spoken language after the official language Arabic.

Cairo is known as The Triumphant City, known officially as al-Qãhirah, and is one of the world's largest urban areas and is the administrative capital of Egypt. Cairo is a city of great culture, there are many art galleries and music halls. Magnificent sights such as ancient temples, tombs, Christian churches, and of course the Great Pyramids are all either within or nearby the city.

Cairo offers an incredible selection of shopping, leisure and nightlife activities. These range from the famous souk (or bazaar), largely unchanged since the 14th century, to modern air-conditioned centers displaying the latest fashions such as “City Stars Mall” in Heliopolis. It also provides some of the grandest accommodations and restaurants in the world.

Heliopolis is one of the most prestigious districts of Cairo. With its many recreational places it was initially established to offer its residents and visitors rest and relaxation. The Royal Residence is located in the heart of this area and is within easy reach of all its attractions. Access from the Royal Residence to the facilities and recreational areas of Cairo could not be easier:

MAIN ROADS
 15 min from Cairo International Airport.
 8 min from Cairo ring road (Salah Salim).

HOTELS
 Fairmont Tours.
 Mövamenpick Hotel.
 Novotel Hotel.

AREAS OF TOURISTIC INTEREST
 45 min to Giza Pyramids.
 30 min Citadel.
 30 min Egyptian Museum.
 30 min from the Nile cruises.

SHOPPING
 15 min from Cairo’s Biggest Shopping Center in North Africa (City Stars)
 20 min City Center (Carrefour)
 25 min Khan El Khalili Bazaars.

WHY INVEST IN EGYPT?
 Low real estate property prices.
 Steady year-on-year capital growth.
 Capital growth in 2007 listed as 27% with a predicted increase for 2008 * source Ministry of Economic Development
 Taxes significantly less than the European Union.
 No Inheritance tax.
 Foreign investors are regarded by the government as a big investment opportunity and laws have recently streamlined procedures, making the purchase process and investment opportunities much easier.
 Politically stable country.
 Increasing foreign investment from all over the world is creating a rich investment climate perfect for providing opportunities for significant capital returns for discerning investors.
 Low cost of living and maintenance costs.