Bayut - HRA-397/8-S

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EGP5,650,000

EGP 72,910 monthly / 5 years

Down payment: EGP 1,130,000

El Mamsha, Hurghada, Red Sea

Studio

1 Bath

40 Sq. M.

Modern Studio at RIVA Beachfront District

Discover prime coastal living at RIVA Beachfront District, an upscale beachfront development by EIT Spaces Developments located directly on Hurghada's pedestrian El Mamsha promenade.

Project: RIVA Beachfront District (by EIT Spaces Developments)
Unit Type: Studio Apartment (3rd Floor, Building E)
Built-Up Area: 40 sqm
Layout: Open-plan sleeping & living lounge, kitchenette, wardrobe hall, 1 modern bathroom
Finishing: High-spec full finishing with large panoramic glass framing
Price: EGP 5,650,000
Payment Plan: 20% down payment (EGP 1,130,000) + 80% over 5 years in equal quarterly installments (EGP 226,000/quarter)
Delivery: 3 years from contracting (2 years of installments post-handover)
Maintenance Fee: 10% (EGP 565,000) due at handover

Key Amenities & Community Features:

Direct access to a 250m private sandy beach
12,000 sqm swimmable lagoons & multiple swimming pools
Private marina pier for boat trips and snorkeling
Vibrant commercial promenade with dining, cafes, and boutiques
Underground basement parking & pedestrian-only zones
24/7 gated security & on-site professional facility management

Prime Location:

Set directly on El Mamsha promenade with direct shoreline access
8–10 minutes to Hurghada International Airport
12–15 minutes to Hurghada Marina & Sheraton/Downtown
25 minutes to Sahl Hasheesh | 35 minutes to El Gouna

Investment Edge:

Freehold ownership available for foreign buyers
High-yield short-term rental asset (Airbnb/Booking. com) with projected gross returns of 10%–14%
High capital appreciation driven by the rarity of El Mamsha beachfront land