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Hurghada, Red Sea, Project Virgin Island Resort 

Welcome to Hurghada
Attracting thousands of travelers each year, Hurghada is one of Egypt's leading holiday destinations...
 
One of the leading tourist resorts on the Red Sea coast
Hurghada is an exciting and vibrant holiday destination suitable for all ages and can be found on the western side of Egypt's Red Sea Riviera. Attracting thousands of travelers each year, Hurghada is one of Egypt's leading holiday resorts, popular with visitors from around the world. Transformed in recent years from a small fishing village, the town of Hurghada has managed to retain its natural and historic charm. Hurghada is perfect for those seeking total relaxation with fantastic weather and warm sea temperatures throughout the year. It is fast growing into a major holiday resort, packed full of attractions, and a growing reputation as an international destination for visitors from all corners of the globe.
Hurghada entertainments
Today, Hurghada is an international center for aquatic sports. If it takes place in or on the water you can do it here: windsurfing, sailing, deep-sea fishing, swimming, but, above all, snorkeling and diving. The unique underwater gardens offshore are some of the finest in the world, justifiably famous amongst divers. The warm waters here are ideal for many varieties of rare fish and coral reefs, which may also be observed through glass bottom boats.
Islands near Hurghada offer all kinds of fun and excitement. Take a day trip to any Island around Hurghada for snorkeling and a fish barbecue, or view the Red Sea from a submarine! When you're not in the sea you can shop in the boutiques, relax in the luxury holiday villages or have a day-trips or safaris to explore the Red Sea Mountains by camel or jeep are also available.
Hurghada property developments
Hurghada is also a city under development. Many new hotels and construction are taking place, and we can expect to see some great new projects as the luxury "Virgin Island" Complex with a private beach in the center of Hurghada or the beautiful home on the water "Venice" compound with a huge swimming pool, restaurants, and other facilities in the near future. Together, these communities and resort areas offer just about everything a visitor might wish.
Hurghada nightlife
Today, Hurghada is known as a party town, particularly among Europeans. Locals and others will tell you that life begins at night in Hurghada, with the many, many clubs. One may often find a rousing party centered around the visitors from a tour group taking over the action of a particular bar. They are easy to find along the main street, along with loads of inexpensive and expensive hotels.
Hurghada beach resort
It is also a beach resort, where thousands of older Europeans and others come with their families to enjoy the sun and fun of private resort beaches, some all-inclusive. Many of these hotels offer so many activities and facilities that one may never need to leave the resort. Often, the larger resorts have zoos, playgrounds, discos, bars, a number of pools and even small theaters.
Just some of the reasons why so many people choose Hurghada not only as a holiday destination but also as their second home, permanent residence, or property investment.

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Virgin Island Resort, Hurghada, Egypt , Red Sea

Property in Egypt

The potential of Egypt in general and its housing market is huge. Egypt enters into the top ten of the most attractive places for foreign investments in developing markets around the world. Favorable climatic conditions, beautiful sea, low property prices (by European standards), low expenditure on housing and property taxes, relatively low cost of living in Egypt, and the hospitality and friendship of local people, stimulate the interest of foreign investors as a high-grade and high-profit real estate investment market. The constant dynamic growth in house prices and the high popularity of resorts in Egypt guarantee all-year-round property to rent.

 

Advantages of buying property in Egypt
 
The most attractive conditions of purchasing:
  • Simple and inexpensive procedure for buying property.

  • Low property prices by European standards.

  • Good and reliable investments. (Annual property price grows up to 20%.The high popularity of resorts in Egypt guarantees all-year-round property to rent).

  • Visa-free entry (stamp $25 in the airport).

  • Government policies aimed at attracting and protecting foreign investment.

Low cost of living:
  • Low property taxes and expenditure on Housing.

  • Favorable tax system.

  • Inexpensive and well-developed serving atmosphere.

Favorable climatic conditions:
  • Perfect environmental area, due to the low pollution levels, which helps people with heart and lung conditions as well being beneficial for those with allergies.

  • Good ecology and complete absence of industrial facilities.

  • Ideal conditions for diving, snorkeling, and sailing.

Absence of language barriers:
  • Hospitality and friendship of local people, widespread of English language.

  • Residents in Egypt include more than 15 thousand citizens of European countries.

Virgin Island Resort, Hurghada
Virgin Island Hurghada - stunning private beach properties. Make Your Dream Come True!

LOCATION

Old Sheraton Road

PROJECT DESCRIPTION

 

Own your holiday property in the five stars resort of Virgin Island with a private beach, pools magnificent sea, and Mountain View, The complex is launching apartments by the end of the year 2022 bringing your unique living spaces in an array of sizes starting from 40 sqm studio to 140 sqm apartments matching all tastes and needs, it will also provide you with different payment plans up to 3 years installments. If you are seeking a real estate investment virgin island is your perfect bet, you will save money spent on hotels & holiday rentals and invest it in owning a property for your vacation and holidays by using it as an Income-Producing Investment renting your property for the rest of the year. Virgin Island is a luxurious resort in an incomparable location.

The complex benefits from being at the first line of the red sea shore, it has a shared swimming pool and a children’s pool , Landscape, within walking distance of Cafes, Restaurants, and Super Market

The complex is located in the touristic and famous Sheraton street in the heart of Hurghada city and in a strategic area giving you accessibility to all other parts of Hurghada, where you can enjoy your day time by the pool and beach and your night in a nearby restaurant, cafes, and bars, the complex Distance from main facilities is 15 minutes drive to Hurghada international airport, 5 minutes drive to the touristic promenade, 20 minutes drive to el Gouna or Sahl hasheesh. The delivery date of the complex is set to December 2022 you will receive your unit finished to the highest standards and quality in every detail, All units are with modern high-class finishing “turnkey delivery”, and Furniture and Equipment Packages are available upon request for all Virgin Island apartments.

The Virgin Island Hurghada provides studios, one-, two- and three-bedroom apartments, all of them coming with a European high-class finish.

Main facilities:

• unique location;
• private Beach with full service;
• all units with a sea view;
• heated swimming pools;
• cafes and restaurants;
• supermarket;
• 24-hour security;
• parking;
• storage area;
• fire safety system;
• back-up generator;
• central satellite and wi-fi;
• internal phone line;
• laundry service;
• housekeeping service;
• elevator;
• GREEN CONTRACT

 

PAYMENT PLAN

25% deposit
10% upon delivery
2 years installments

 

 

DESTINATION

10 mins to the Airport15mins to the Mall5 mins to Hospital

0 mins to Beach

FACILITIES

  • Heated Swimming Pool

  • Central Satellite & Wi-Fi

  • Private Beach

  • Cafes & Restaurants

  • Supermarket

  • 24/7 Security

  • Laundry Service

  • Fire Safety System

  • Storage Area

  • Unique Location

  • Parking

  • Elevator

  • Back-up Generator

  • Housekeeping Service

  • Bathroom Options

  • Kitchen Options

  • Closed Community

  • Heart of Hurghada

  • All Units with Sea View

  • Internal Phone Line

  • Fully Furnished

  • Full Beach Service

  • High Standard Finishing

  • Air conditioning

  • Balcony

  • Code number-268-S

  • Building floors5

  • The current stage under Construction

  • Development due date December 2022

  • ViewMountain View/ Sea and Pool view

  • PurposeResidential

  • Square m2From 40m2 till 140m2

  • Price starts from850,000 LE

Guaranteed Property Rental Income

The guaranteed rental income option for Virgin Island properties is for buyers who are buying principally for investment. The rental guarantee is 2-3% yearly for the next 3 years after the delivery date.

 

Virgin Island properties Guaranteed Rental Income Conditions:

  1. 3% annual guaranteed rental income is based on the owners having 30 days of usage of their Virgin Island properties at any period of the year. The owners will give at least 90 days’ notice of usage.

  2. 2% annual rental guarantee is based on the owners having 60 days of usage of their Virgin Island properties at any period of the year; 90 days’ notice to be given.

  3. The guaranteed rental income will be based on the contract price of the apartment (excluding furniture & equipment package), and will be paid semi-annually each year.

  4. For Free Company provides full Furniture & Equipment Package with affordable prices to the owners who will participate in our rental guarantee program.  Owners could also pay Furniture & Equipment Package in installments till the delivery date.

  1. Property owners will pay the standard annual maintenance fees as per all other owners.

  2. For Free Company will maintain owners' property during the rental guarantee program to keep the internal condition of the property, furniture, and equipment in a very good standard that avoid the owners to follow up on their units or to pay any extra expenses to maintain it.

  3. The rental guarantee offer is valid for a limited number of Virgin Island properties.

Property Management

For Free Company offers its clients a full range of property maintenance services. We don’t only maintain the property, but also safeguard the interests and investment of the purchaser.

 

We will specify the levels of service and staffing levels appropriate for a five-star resort and will calculate the budget and the anticipated maintenance fee for the early years following the Delivery of the Virgin Island project. It will be our aim at all times to establish and maintain the levels expected of a five-star resort. We will abide by best accounting practices and will aim at all times to provide a detailed breakdown of all expenditures using principles of total transparency.

However, we would like to state from the outset that it is not the intention of For Free Company to be personally responsible for the management of the Virgin Island project. Under Egyptian Law, the owners have the right to elect their own committee to decide on the level of services required for their resort and to appoint an executive committee to set the budget and to dismiss the management company or appoint a new one based on democratic principles.

Our Services include:

  • Beach maintenance

  • Swimming Pools Maintenance

  • Underground Parking maintenance

  • Organization of  the Security service

    • Perimeter and premises guarding

    • Closed-circuit Television

    • Fire safety system

  • Organization of  the Сleaning service

    • General cleaning

    • Daily rubbish removal

  • Landscape maintenance

  • Pest Control

  • Electrical maintenance

  • Plumbing maintenance

  • Maintenance of:

    • Elevators

    • Central Satellite

    • Internet Wi-Fi

  • Laundry services

  • Housekeeping services

  • Human resources

  • Electric consumption for public lighting

  • Water consumption for public purposes

Beach Maintenance

Luxury-designed private beach, equipped with umbrellas, sun beds, mattresses, showers, restrooms, and a stylish beachside café, requires high-quality maintenance. Our professional staff will care about the beach's cleanliness and beach equipment.

Full Service:

  • Collection of waste

  • Clean the debris from the shoreline that is left after periods of high water

  • Clean and sweep off walkways and ramps

  • Maintenance of umbrellas, sun beds, mattresses

Swimming Pools Maintenance

We provide a complete cleaning service for swimming pools, using only the finest industrial-strength pool chemicals and materials.

Full Service:

  • Test water for correct chemical amount, add all chemicals as needed

  • Freshwater replacement

  • Brush Tile

  • Vacuum pool

  • Check water level and make adjustments as required

  • Backwash

  • Empty pump and skimmer basket

  • Inspect Equipment

Underground Parking Maintenance

We provide a full service to keep the underground parking area clean and free of litter.

Full Service:

  • Cleaning

  • Line Painting

  • Lighting

  • Repair

  • Maintenance of entrance parking ramp

Security Service

Year-round security service, video camera surveillance, as well as fire system solutions 24 hours a day keeps order and safety throughout the territory of the complex.

Full Service:

  • Perimeter and premises guarding

  • Video cameras surveillance

  • Fire safety

Perimeter and premises guarding

There are six specific guard posts in the complex with a full visual overview of all parts of the complex. We provide 14 security guards working in two shifts.

  • Complex main gate: two securities

  • Complex back gate: one security

  • Beach gate: one security

  • The beach: one security

  • Parking, storage areas: one security

  • Commercial area: one security

Closed-circuit television

Video cameras surveillance provides continuous monitoring of gates, entrances, underground parking, and other premises of complex.

Fire safety system

Fire detection and alarm systems ensure that a fire is detected quickly and a warning given, allowing people to escape safely and the emergency services to be notified.

Organization of the cleaning service

Cleaning staff care about the cleanliness of the common parts of the complex, beach, staircases, elevators, public restrooms, basement, and parking area, and engage in daily rubbish removal. Rubbish collections take place several times per day and are stored in a refuse storage area at the back of the complex until it will be removed by a local waste collection company.

  • Number of staff: eight cleaners

  • Number of shifts: one

Landscape maintenance

We provide quality services for landscape care. Our creative gardeners will keep public green areas, paving, flower beds, fountains looking neat, beautiful, and impressive.

Full Service:

  • Landscaping

  • Weed control

  • Trimming

  • Fertilizing

  • Irrigation of green area

Pest Control

We provide an extensive Pest Control Service for a wide range of pests.

Electrical Maintenance

Number of staff: one electrician

Full Service:

  • Technical inspection of Electrical equipment

  • Electrical equipment replacement

  • Electrical equipment repair

Plumbing Maintenance

Number of staff: one plumber

Full Service:

  • Maintaining water booster pumps

  • Maintaining main water tanks

  • Plumbing and sanitation equipment repair

  • Plumbing and sanitation equipment replacement

Annual Maintenance Agreements

We have a service contract with a reputable company for the maintenance of:

  • Elevators

  • Fire safety system

Human Resources

We look for the most qualified, experienced, and innovative employees and associates to ensure that they are dedicated to playing an active role in the success of managing each of our property projects.   

Network Specialist

Number of staff: one network specialist

Responsibilities:

  • Daily follow up, maintain and troubleshoot  the Wi-Fi, Satellite, and Internal Phone lines

  • Provide weekly reports

Accountant

Number of staff: one accountant

Responsibilities:

  • Follow up on all the financial and  tax transactions

  • Provide a detailed breakdown of all expenditure

  • Prepare the yearly balance sheet

Public Relations and receptionist

Number of staff: two

Responsibilities:

  • Establish and maintain cooperative relationships between the residents and the Management Company

  • Receive and follow up on all the remarks and requirements of the residents

  • Receive and Follow up on all the E-mails of the residents

Administration Manager

Number of staff: one

Responsibilities - managing the following teams:

  • The Beach

  • Swimming Pools 

  • Security Company

  • Gardening Service

  • Cleaning Team Service

  • Accountant

  • Public Relations and receptionist

Technical Engineer Manager

Number of staff: one

Responsibilities - managing the following teams:

  • Closed-circuit television

  • Electrical Maintenance

  • Plumbing Maintenance

  • Elevators

  • Fire Safety System

  • Networks specialist

  • Quality control manager

Accommodations

Accommodation is provided to all employees through either renting flats or adding allowances to their salaries.

Additional Services

The management company offers the following services to the owners of apartments with extra charge:

  • Apartment cleaning

  • Laundry service

  • Pest Control

  • On-site electrician   

  • On-site plumber

  • On-site carpenter

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