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Sale of Leaseback Apartments
The new Princess Residential Units will be set in the Princess Wadi, surrounded by hills and looking onto the fantastic Princess Pool area, and the Red Sea beyond. Due to the recent increased demand for holiday homes in Israel by foreign, especially European buyers, this is the ideal time to come onto the market with this exciting product, with its unique location and backed by the strong brand name of the Princess Hotel, Eilat.
All of the 80 residential units will be furnished to a 5-star standard, each with its own garage-parking space, terrace, and an exclusive green area for residents only. In addition, residents will have access to all of the hotel facilities and services, including 24-hour room service, house-keeping and all the other benefits of a 5-star hotel. The owners will also be able to gain access to the Princess Golf Course on its completion, and will be able to purchase membership and green fees at reduced rates.
These units will not only present an attractive opportunity to purchase a beautiful holiday apartment, but will also represent an attractive investment, as the developer will offer the buyer a guaranteed minimum annual return on his investment, accruing from those months of the year, when the units will be leased out by the hotel as additional suites.