Ancient Sands Resort will have a dedicated rental management programme to make sure that you can secure the maximum return from your property. Entrance to this rental pool is recommended for owners, but is not compulsory.

Rental Pool System

The rental pool system will provide a variable return based on usage. Income will be pooled and allocated on a per square meter basis.

Quintessentially will provide luxury on-site concierge services for the resort, while Ancient Sands Resort SAE, majority owned by Orascom Hotels & Development (OHD), Egypt’s largest hotel operator and developer of El Gouna, will operate the rental management programme. The resort will offer the same standards and facilities as a 5 star hotel.

Owners of properties may enter the rental management programme at their discretion and may withdraw at any time subject to the notice period. All owners who become part of the rental pool must purchase the basic furniture package. The rental return or rental guarantee will be paid quarterly in arrears in US dollars.

Anticipated Rental Income

We expect that a net Yield of circa 6% per annum is achievable for properties at Ancient Sands Resort. In El Gouna the Average Room Rate in 2008 for the four 5 star hotels was US$85, while hotel occupancy rates in El Gouna in 2008 were 84% making for strong returns.

The anticipated net Yield is based upon an anticipated occupancy rate of 75%, and allows for 45 days of own use. Given the popularity of El Gouna we envisage that there will be strong demand for a managed approach to property rentals.

The market is year-round with peak occupancy over the Christmas period and at the end of Ramadan. The most active time of year for golf related occupancy is through the winter months, given the potential to play the course in lower heat. However, guaranteed sun and the vast range of activities and facilities on offer, draw tourists to El Gouna 365 days a year.

Rental Income Allocation

After a deduction of 7% for the Fixtures, Fittings & Equipment (F, F & E) Fund which will ensure that the furnishings and fittings in your property are properly maintained, you will be allocated 40% of the room rental income. From your share, you will pay the annual property tax and income tax.