Maraqia (6)

Maraqia is similar in several ways to its sister development, Monna, which is located just a few hundred metres away in that it is one of the most affordable developments currently on offer in Sharm el-Sheikh due to a very low price per m2 and sensibly-sized units, which combine to keep the prices down to levels that other developments simply can't match.

Whereas Monna is very much at the offplan stage, Maraqia is now getting very close to completion, with the first units being handed over from 31 May 2010, making Maraqia ideal for anyone who is nervous of investing in offplan developments - or anyone who doesn't want to wait too long before starting to enjoy their new holiday home.

As is the case with Monna, Maraqia offers a full range of facilities that one would expect from a top-class tourist development. Investors in the project will appreciate the fact that, due to the low buying prices and high demand for rental properties in Sharm, rental yields in the region of 10-15% are easily achievable here. Prospects for long-term capital appreciation are also excellent due to Maraqia's close proximity to the forthcoming CityStars world class residential and commercial private town.