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Archive for the ‘Egypt’ Category

Sahl Hasheesh – Luxury on the the Red Sea

Sunday, January 10th, 2010

Azzurra Red Sea pool at nightStretching out over twelve kilometres of one of the Red Sea’s most beautiful bays is the stunning new resort at the Sahl Hasheesh. With it’s world class hotels, superb architecture and welcoming sandy beaches, the Sahl Hasheesh typifies the very essence of a luxury lifestyle in Egypt. All of this, coupled with the warm, year round climate which ensures that Egypt was one of the world’s leading tourist destinations last year. 

What is different about the Sahl Hasheesh however, is that this resort is newly created, and considerable time and effort has gone in to making sure that the resort will become one of the Red Sea’s most popular and exclusive tourist destinations. Just a short stroll through the centre of the Sahl Hasheesh opens a world luxury hotels and developments, interspersed by boutique shops, restaurants and bars. Indeed the infrastructure of the Sahl Hasheesh is now entirely completed, and new developments are opening up all the time.

The resort itself is located just north of the already popular resort of Hurghada, and indeed the international airport is just twenty kilometres away from the Sahl Hasheesh, ensuring the resort is merely a few hours travel time from the majority of major European travel hubs.

Today, people looking to buy property in the Sahl Hasheesh have a wide variety of developments to choose from, and already resorts such as the Azzurra Red Sea Resort, The Veranda and The Ocean Breeze have proven popular with investors and holiday home owners alike.

As the resort becomes increasingly popular, it is highly likely that more new property developments will be announced. We will of course keep you updated with news of any new property for sale in the Sahl Hasheesh. For anyone who would like to find out more information on our range of real estate in Egypt, you can of course visit our main site at Offplanworld.tv.

Monna Sharm Resort in Sharm El Sheikh

Friday, January 8th, 2010

Monna Sharm 1The Monna Sharm Resort is the latest development to be launched in the increasingly popular Nabq Bay region of Sharm El Sheikh in Egypt. Offering a wide selection of accomodation units, ranging from luxurious studios through to spacious two bedroom apartments, the Monna Resort offers some of the best value property in Sharm El Sheikh available.

The resort offers residents a wide range of amenities including communal swimming pools, a health club, a four star hotel, 24 hour security, a supermarket, clinics and shops. With prices starting from as little as £18,837 for a studio, it is easy to see why the Monna Sharm Resort has created considerable interest since it’s recent launch.

  • Studios (38 sqm) – £18,837.00
  • One bedroom (56 sqm) – £27,337.00
  • Two bedroom (78 sqm) – £43,516.00

If you would like to find out more about our range of off-plan property, or the Monna Sharm Resort in Sharm El Sheikh, why not visit our main site at Offplanworld.tv.

For more information on Sharm El Sheikh.

Red Sea Property Has Something For Everyone

Wednesday, November 25th, 2009

Egypt real estate, particularly on the Red Sea Riviera, is famed for being among the least expensive in the world. Note the use of least expensive; in marketing circles it is frowned upon to use the word cheap, but that is not why I have avoided it here. I have avoided it here because Red Sea property is not cheap; it is a bargain because of what you get for your money.

Egypt is one of the fastest growing tourism hot-spots in the world. In an interview with Write About Property earlier this year, the Association for British Travel Agents said that tourism to Egypt from Britain had been growing at around 20% per year for the last few years, and forecast that this would accelerate to 25% this year, as the strong Euro forces people to look outside the Eurozone for cheap holidays.

The Red Sea Riviera encapsulates some of Egypt’s fastest growing tourism hot-spots, most notably Sharm el-Sheikh and Hurghada. In both of those locations you can find the best investments and holiday homes that Red Sea property, and arguably Egypt real estate as a whole has to offer.

The average price for a 2 bedroom luxury apartment on the Red Sea Riviera is under £40,000. The average rent on one of those properties would be about £300 per week. Owners of Red Sea property are currently achieving 15-20 weeks occupancy per year. Doing the calculations from those figures the average rental yield on property on the Red Sea Riviera is 12.5% gross.

It is little wonder then that most Red Sea properties for sale right now are offering very impressive guaranteed rental yields of 8% and upwards.

But Red Sea property comes with another massive benefit.

“Most of the Red Sea Riviera is a National Park, or belongs to some protectorate, both under water and on land. Desert and marine life are protected by a number of laws, and visitors not abiding to the regulations may be subjected to heavy fines.” Source Wikipedia.

Therefore, anyone buying Red Sea property can do so safe in the knowledge that the area will never be over-developed. This also means that demand will continually outstrip supply, which will put massive upward pressure on Red Sea property prices long into the future.

Most people buying Egypt real estate — like most places — at the moment, are doing so on a fly-to-let basis, because the crunch showed everyone that capital values can go down as easily as they can go up. None the less, the potential for capital growth will always be a factor in the decision making process. So adding the protected area reinforcement of the potential for capital growth, to the impressive rental yields mentioned above, Red Sea property offers a pretty powerful investment package.

That is before we even mention the things that the tourists come for: the fantastic climate, great beaches and world renowned marine life that attracts scuba divers from all around the world, which make Red Sea property perfect for lifestyle buyers also. All in all you could say property on the Red Sea Riviera has something for everyone.

Nour Plaza – Hurghada apartments for sale from just £15,547!

Thursday, October 8th, 2009

Nour Plaza4We are pleased to announce the launch of the new Nour Plaza development in Hurghada, on the shores of the beautiful Red Sea in Egypt.

Offering a range of studio’s, one, two and three bedroom apartments for sale in Hurghada, the Nour Plaza is also offering free furniture packs worth approximately £4,500.00 for all purchases in the development before the end of November.

The Nour Plaza development is situated just a few minutes drive of the popular resort of Hurghada, and just ten minutes south of the exclusive El Gouna resort, ensuring residents of the Nour Plaza can easily experience the very best the Red Sea has to offer.

With the spacious studio’s currently on offer from just £15,547, the apartments in the Nour Plaza represent an excellent investment opportunity.

If you are currently considering buying property in Hurghada, why not take a look at the Nour Plaza, and discover one of the Red Sea’s best investments!

>> More information on the Nour Plaza.

Marsa Alam increases investor interest in the Southern Red Sea.

Friday, June 19th, 2009
marsa_alamOnce a peaceful fishing village, the Red Sea resort of Marsa Alam is today one of Egypt’s fastest growing tourist destinations, a tropical paradise offering an intoxicating mix of palm fringed sandy beaches, mangroves and incredible coral reefs. Previously in the shadows of the more popular resorts of Hurghada and Sharm El Sheikh, the increase in tourist visitors to the region has resulted in a considerable increase in demand for property in Marsa Alam over the past twelve months. 

The resort of Marsa Alam is situated on the Egyptian coast of the Red Sea, approximately 280 kilometres south of the resort of Hurghada. A hugely popular resort amongst scuba divers, Marsa Alam offers access to some of the Red Sea’s most stunning dive sites, made popular by the legendary Jacques Cousteau so many years ago. The southerly location of Marsa Alam, just north of the Tropic of Cancer, also ensures that the resort offers almost year round sunshine, with temperatures averaging around 35 degrees Celsius throughout the warmer summer months. 

An increasingly popular tourist resort, Marsa Alam today offers a wide range of activities designed to cater for visitors of all ages and tastes. For fans of water sports, the resort offers a wealth of opportunities including deep-sea fishing, windsurfing and world class scuba diving. Further inland, activities such as the desert safaris or visits to the Emerald Mines can be explored at a more leisurely pace.

One of the main factors behind the recent increase in interest in Marsa Alam, has been the regions increased accessibility via the newly opened international airport. Previously difficult to access, visitors were forced to fly into the airport further north, before driving south for up to 4-5 hours. Today, the new international airport offers easy and convenient access to a number of the major European and Middle Eastern transport hubs including London, Paris, Dubai and Berlin. All of these destinations now offer direct flights to Marsa Alam in less than five hours, considerably increasing opportunities for the package travel industry. 

Understandably, the increase in tourist visitors to Marsa Alam, coupled with the regions relatively undeveloped status, has meant an increased level of interest from the major international property developers. Keen to capitalise on the regions anticipated growth, a number of new developments such as the stunning new Marsa Alam Beach Resort have been announced. These developments, launched early in the development cycle of the region, are likely to prove popular, and commercially successful in the years to come.

For investors looking for new and emerging opportunities in Egypt, buying property in Marsa Alam should be given due consideration. Increased levels of tourism, coupled with ongoing improvements in infrastructure mean the region as a whole offers considerable potential for long term appreciation as well as rental return.

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