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    Partment Brochure Mangroovy

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    Mohamed
    Partment offers fractional ownership of vacation homes, allowing investors to purchase shares and access the property for a set number of days per year, with responsibilities like cleaning and maintenance handled by Partment. The document provides details on a 2 bedroom, 1 bathroom apartment in El Gouna, Egypt available through Partment, including purchase price and projected returns over 3 and 5 years compared to renting. Partment aims to make second home ownership more accessible and convenient through a shared ownership model and smart booking system.

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    © All Rights Reserved
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    Partment Brochure Mangroovy

    Uploaded by

    Mohamed
    27 views10 pages
    Partment offers fractional ownership of vacation homes, allowing investors to purchase shares and access the property for a set number of days per year, with responsibilities like cleaning and maintenance handled by Partment. The document provides details on a 2 bedroom, 1 bathroom apartment in El Gouna, Egypt available through Partment, including purchase price and projected returns over 3 and 5 years compared to renting. Partment aims to make second home ownership more accessible and convenient through a shared ownership model and smart booking system.

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    Partment

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    Partment offers fractional ownership of vacation homes, allowing investors to purchase shares and access the property for a set number of days per year, with responsibilities like cleaning and maintenance handled by Partment. The document provides details on a 2 bedroom, 1 bathroom apartment in El Gouna, Egypt available through Partment, including purchase price and projected returns over 3 and 5 years compared to renting. Partment aims to make second home ownership more accessible and convenient through a shared ownership model and smart booking system.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    27 views10 pages

    Partment Brochure Mangroovy

    Uploaded by

    Mohamed
    Partment offers fractional ownership of vacation homes, allowing investors to purchase shares and access the property for a set number of days per year, with responsibilities like cleaning and maintenance handled by Partment. The document provides details on a 2 bedroom, 1 bathroom apartment in El Gouna, Egypt available through Partment, including purchase price and projected returns over 3 and 5 years compared to renting. Partment aims to make second home ownership more accessible and convenient through a shared ownership model and smart booking system.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 10

    SECOND HOMES

    RE-IMAGINED

    www.partment.co

    @partment.co
    2 BED PARTIAL SEAVIEW APARTMENT
    Mangroovy Residences, El Gouna

    2 BED 1 BATH 87 M² COMMON POOL

    Share Price* Monthly Subscription Fee** Available Shares


    1.17M EGP 1,697 EGP 8

    Property Description
    Partment brings you a partial sea-view 87m² fully equipped 2
    bedroom, 1 bathroom apartment equipped with state of the art
    furniture. The property is located in Mangroovy residences, one of the
    only seafront neighborhoods of El Gouna.

    About Mangroovy
    The only residential project build directly on the beach in El Gouna,
    Mangroovy coveted location places it away from the noise and
    clutter, but still close enough to all the important facilities one might
    need. Mangroovy works diligently at giving its occupants the best of
    all worlds. With Abu Tig Marina to its south, Mangroovy’s strategic
    position is brief minutes away from all the important El Gouna sites.

    *Payment plan available


    **75% of the subscription fee is for property-related running costs such as utilities, housekeeping, internal &
    external maintenance, insurance, etc...By the end of each year, Partment reconciles against the actual
    expenses and a refund is given if the amount collected is higher than the actual costs
    INTERIOR
    EXTERIOR

    LAYOUT

    *87m² is the total net area.


    3 & 5 YEAR PROJECTION OF A 2

    BED APARTMENT IN MANGROOVY

    3 YEAR PROJECTION 5 YEAR PROJECTION

    CO-OWNING RENTING CO-OWNING RENTING

    Access days 123 123 205 205

    Initial
    -1.17M - -1.17M -
    investment (EGP)

    Platform &
    Maintenance fees
    -61k - -102k -
    (EGP)

    Share Predicted
    +1.78M - +2.35M -
    Price* (EGP)

    Rental
    - -307.5k - -512k
    costs** (EGP)

    NET +550k EGP -307.5k EGP +1.08M EGP -512k EGP

    *Share predicted price is computed based on a conservative growth rate estimate of


    15% per year

    **the estimated monthly rental costs are based a conservative low season daily rate of
    2500 EGP of a furnished 2 bedroom apartment in Mangroovy
    WHY PARTMENT?

    ACCESSIBLE CONVENIENT

    Co-own your dream


    Kick back and relax on

    home in a spectacular
    your vacation while we

    destination, for a
    take care of cleaning

    fraction of the price,


    and maintenance.
    while sharing the costs.

    TRANSPARENT RETURNS

    Enjoy fair and


    Benefit from your asset's

    transparent access to
    appreciation and possible

    your property, shared


    yield on unused nights

    proportionately
    while enjoying flexible

    among co-owners. access to the property.


    AT PARTMENT EACH

    VACATION HOME IS SPLIT

    INTO 8 EQUAL SHARES

    4/8 2/8 1/8 1/8

    You can purchase ⅛, ¼ or even ½


    of your preferred vacation home

    All properties are furnished, fully

    equipped and move in READY


    SO HOW DOES IT WORK?

    EXPLORE
    Our listings of curated and end-to-end

    managed homes in your favorite destinations

    INVEST
    Our fully compliant legal framework allows you to

    buy a fraction of a unit based on your budget

    and needs in just a few clicks

    USE
    Based on your stake you get an equitable quota

    of high/medium/low season days to use the

    property through our smart booking system

    SELL
    You have the full right to sell your share and

    enjoy potential capital appreciation returns.

    Treat it as real estate and not a timeshare


    SMART BOOKING SYSTEM

    High season 18 days/share up to 3 stays*

    Mid season 13 days/share up to 2 stays*

    Off peak season 10 days/share up to 2 stays*

    Total 41 days/share up to 7 stays*

    Our smart booking system “SBS” is at the core of our

    technology. The year is divided into high, medium and

    off peak seasons. Every share of the property provides 41


    nights of unbiased and algorithm-powered quota split

    across the different seasons.

    * One stay is defined as a consecutive number of days booked


    Do you have further questions

    or want to learn more?

    Give us a call or WhatsApp us at

    +2 010 3011 0692

    www.partment.co

    @partment.co

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