Furnished 1-Bedroom Apartment for Sale on Bowling Street, Old Kawthar – Hurghada

El Kawther Property Id: HRA-555-S

2,820,000 EGP

Furnished 1-Bedroom Apartment for Sale on Bowling Street, Old Kawthar – Hurghada

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Apartment
Beds:1
Baths:1
73 M²

Description

What is the Old Kawthar Bowling Street Apartment?

This property is a ready-to-move residential apartment located directly on Bowling Street, one of the most established and dynamic thoroughfares in Old Kawthar, Hurghada. Known for its strong European expat community, walkability, and abundance of daily conveniences, Old Kawthar blends urban residential comfort with close proximity to the Red Sea coastline.

Situated on the fourth floor of a well-maintained residential building served by an elevator, the apartment offers a bright, practical layout complemented by an expansive private terrace. The vibe is laid-back and distinctly residential, providing peaceful elevated views over the neighborhood greenery and a partial view toward the Red Sea horizon.

What are the Unit Specifications?

The residence comes fully furnished, air-conditioned, and ready for immediate occupancy or rental operation:

Property Type: Residential Resale Apartment

Layout: 1 Bedroom, 1 Bathroom, Living & Dining Reception, Open American Kitchen, Expansive Balcony

Total Area: 73 sqm

Floor Level: 4th Floor

Finishing: Fully Finished (Ceramic tiled flooring throughout, fully tiled bathroom with bathtub)

Furnishing: Fully Furnished and equipped (living room seating, television, twin beds, wardrobe, water heater, washing machine, refrigerator, cooktop, and Carrier split air conditioning units)

Views: Open street view, neighborhood greenery, and partial sea view

Legal Status: Green Contract (registered property ownership)

What is the Payment Plan?

This property is offered as a completed, titled resale asset available for immediate handover:

Total Asking Price: 2,820,000 EGP

Payment Terms: 100% Cash upon signing of contract and key handover

Delivery Date: Immediate delivery upon completion of sale procedures

Why Invest in the Old Kawthar Bowling Street Apartment?

From an investment standpoint, Old Kawthar remains one of Hurghada’s premier locations for generating consistent rental yields:

High Year-Round Rental Demand: Old Kawthar is favored by digital nomads, foreign retirees, and seasonal European visitors who prioritize walking distance to supermarkets, German and international bakeries, banks, and clinics.

Turnkey Revenue Potential: Because the apartment is sold fully finished and furnished, an investor can list the property on short-term platforms (such as Airbnb or Booking.com) or secure a long-term tenant immediately without additional fit-out downtime.

Asset Security via Green Contract: Having a registered Green Contract significantly enhances liquidity, simplifies future resale transactions, and provides absolute legal clarity for both Egyptian and foreign buyers.

Inflation Hedge & Capital Growth: Prime plots and available inventory on Bowling Street are virtually built-out, creating natural supply constraints that protect capital and drive steady long-term appreciation in Egyptian Pounds and foreign currency equivalents.

Where is the Old Kawthar Bowling Street Apartment Located?

Located in the heart of the Old Kawthar district in Hurghada, Red Sea Governorate, the apartment is positioned on Bowling Main Street, placing all essential urban services right outside your front door:

Hurghada International Airport: Approximately 5 to 7 minutes by car.

El Mamsha Promenade: Less than 5 minutes walking distance, giving rapid access to pedestrian walkways, beaches, dining, and brand-name retail.

Downtown Hurghada (Sheraton Road / Sakala): Approximately 7 to 10 minutes drive.

Sahl Hasheesh: Approximately 20 minutes drive south.

El Gouna: Approximately 30 minutes drive north.

Daily Amenities: Metro Supermarket, Gomla Market, pharmacies, international cafes, and fitness centers are reachable within a 2- to 5-minute walk.

What Facilities & Amenities are Available?

The building and apartment are outfitted with practical features designed for comfortable day-to-day living:

Modern passenger elevator serving all residential floors

Large curved outdoor balcony with an outdoor drying rack and panoramic street views

Independent split-system air conditioning (Carrier) installed in the bedroom and living area

Dedicated open-plan kitchen with a raised granite breakfast counter

Full-sized bathtub and integrated washing machine plumbing

Secure building entrance with controlled access

Registered Green Contract status on the building and land

Frequently Asked Questions (FAQs)

Can foreign nationals legally buy this apartment in Hurghada?

Yes. Foreign nationals can purchase freehold residential property in Hurghada. The presence of a Green Contract provides full legal registration, simplifying the transfer of ownership through official government channels.

What kind of rental return can be expected from this unit?

1-bedroom apartments in Old Kawthar command stable rental income. On a long-term lease basis, comparable furnished units achieve consistent monthly returns, while short-term vacation rentals during the peak European travel season (autumn through spring) deliver higher gross yields due to the proximity to El Mamsha.

Is the apartment move-in ready, or are renovations required?

The apartment is fully functional and ready to occupy today. It comes complete with appliances, furniture, and air conditioning. Buyers may choose to make minor cosmetic decor updates over time to maximize nightly rental rates, but no structural work is necessary.