Overview
|Description
Clan
Clan Residences Red Sea is a new project in Magawish, Hurghada. It stands beside the Pickalbatros Hotels area. So, it suits holiday use, full-time living, and rentals. At the same time, it keeps a calm resort feel.
The project also has 100 meters of frontage on the main Magawish road. As a result, owners and guests can reach it with ease.
Fast Facts
Frontage: 100 m on the main Magawish road
Total homes: 360 apartments
Home types: studios to 3-bedroom units
Sizes: 43 to 150 sqm
Price per sqm: EGP 42,000 to 50,000
Starting price: from EGP 2,552,000
Handover: in 2.5 years
Payment plan: 20% down, then 80% over 5 years
Maintenance: 10% one-time fee on delivery
About the Project
Clan Residences sits in one of Hurghadaโs active areas. So, shops and daily services stay closed. In addition, the nearby hotel zone supports tourism demand.
Senzo Mall is about 5 minutes away. Downtown Hurghada is about 10 minutes away. The project also sits near several five-star resorts. Because of this, the area feels lively and holiday-focused.
Location Advantages
The location gives you easy access to hotels, the airport, and the coast. For example, you can walk to the nearby Pickalbatros hotels. Some hotels may also offer paid beach access and other facilities. However, this depends on hotel policy.
Hurghada International Airport is about 15 minutes away. In addition, the project links well to the coastal road. So, trips to Sahl Hasheesh and El Gouna are easier.
Master Plan and Design
Clan Residences follows a low-rise plan. The buildings rise to G+4 only. So, the project feels open and easy to move around.
The design also supports daily comfort. Many homes face the pools. Cross-ventilation helps air move through the units. Private terraces add outdoor space. Open-plan kitchens also suit modern living. As a result, the homes feel bright and practical.
Apartment Types
Buyers can choose from studios, 1-bedroom, 2-bedroom, and 3-bedroom apartments. Sizes range from 43 to 150 sqm. So, the project suits different needs and budgets.
Studios work well for weekends and short stays. One-bedroom units suit singles and couples. Two-bedroom apartments suit families and longer stays. Three-bedroom homes offer more room and more privacy.
Amenities
Clan Residences offers features for daily comfort.
Pools and Relaxation
The project includes 4 temperature-controlled pools. It also has sun decks and 2 jacuzzis. So, residents can relax without leaving home.
Fitness and Wellness
There is a fully equipped gym. There is also a spa zone. As a result, owners can stay active and relax in one place.
Family Areas
Children can use a shaded playground and a splash pad. So, families get safe outdoor spaces.
Dining and Services
The project plans restaurants, cafรฉs, and a retail strip. A supermarket and pharmacy are also planned. However, buyers should confirm the final tenants.
Parking and Security
Residents get secure parking and underground garages. The project also has a smart gate, 24/7 CCTV, and round-the-clock security.
These features may also help rental demand. However, results depend on the market.
Payment Plan and Maintenance
The payment plan is simple. First, you pay 20% down. Then, you pay the remaining 80% over 5 years. As a result, the cost is easier to manage.
The maintenance fee is 10%. You pay it once on delivery. In addition, the developer says no bank mortgage is required. So, the process may feel easier for many buyers.
Pricing
The current range is EGP 42,000-50,000 per sqm. Prices start from EGP 2,552,000.
However, prices may change. Therefore, ask for the latest price list before you reserve.
Investment Points
The project sits in a strong hotel zone. So, it may attract demand through much of the year. In addition, nearby resorts may help support guest traffic.
The brochure mentions gross yields of 9% to 11% for furnished units in Magawish. It also mentions about 15% yearly land price growth since 2022. However, these figures are not guarantees. So, ask for a written estimate with clear assumptions.
For example, ask about occupancy and nightly rates. Also ask about cleaning fees, management costs, and furnishing budgets. That way, you can judge the numbers more clearly.
FAQ โ Clan Residences Red Sea
Where is Clan Residences located?
It is in Magawish, Hurghada, beside the Pickalbatros Hotels area.
How far is it from key places?
Senzo Mall is about 5 minutes away. Downtown Hurghada is about 10 minutes away. Travel times may vary.
What unit types are available?
Studios, 1-bedroom, 2-bedroom, and 3-bedroom apartments.
What is the payment plan?
You pay 20% down. Then, you pay the rest over 5 years.
When is delivery?
Handover is planned in 2.5 years. However, buyers should confirm the exact wording of the contract.
What is the maintenance fee?
The project states a 10% one-time fee on delivery. Still, ask what it covers and when it is due.
Request the Buyer Pack
Ask for the latest buyer pack. Then, you can compare options with ease.
Request:
- current availability
- unit type, floor, and view
- floor plans and sizes
- payment schedule with dates
- maintenance fee document
- furniture and management options, if available
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- Principle and Interest
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