Egypt’s Sahl Hasheesh – World Class Luxury at a Snip

The International Property Investment Nework (IPIN) is well aware of the strong investment potential Egypt has to offer investors and we have been on the lookout for lucrative opportunities there to offer our members.  Property in Egypt offers strong growth potential and the Sahl Hasheesh resort on the shores of the Red Sea has ticked all the right boxes in our strict investment criteria.  We believe it will soon be a firm favourite amongst discerning property investors in Egypt.

The Red Sea coast is widely regarded as the world’s most glamorous new property hotspot and luxury projects are currently going up to supply a growing demand for upmarket activity holidays in the area.  Sahl Hasheesh is due to be entirely completed by 2014, making this an exciting emerging market still in its earliest stages, and ripe for investment.  In addition to its prime location on an immense 32 million square metres of land, a plethora of excellent purpose built facilities will await visitors, including spectacular marinas, three 18-hole golf courses, a commercial centre, five hotels, bars and restaurants, sports and leisure facilities, a 5 star clubhouse, to name but a few, adding to the great prestige and investment value this development is destined to attract.  The Sahl Hasheesh resort also offers an abundance of both land and marine wildlife and is bordered by 12.5km of magnificently warm Red Sea waters. 

Three ambitious projects are in progress at Sahl Hasheesh, which include a full range of luxury apartments and villas, all at today’s bargain Egyptian prices.  When you consider typical growth last year was up to 25% in Egypt, it is understandable that investor interest is high. 

Briefly, properties on offer are as follows:

Palm Beach Piazza is the only beach front complex of one and two bedroom apartments at Sahl Hasheesh.  They come with a guaranteed rental option (at 5% per annum net for 2.5 years from completion) and prices start from only approximately €60,000.  This project is already at completion stage.

Ocean Breeze apartments have 1, 2 or 3 bedrooms with generous terraces and a fully furnished purchase option.  Ocean Breeze villas are 2, 3 or 4 bedroom properties and all have either garden, sea, pool, golf or mountain views.  Apartment prices start at a reasonable €64,000 while villas, built on sites of 800m2 upwards start at €290,000.  Ocean Breeze is due for completion in July 2008.

El Andalous apartments have one or two bedrooms with sea, pool or golf views and prices start at approximately €71,000, with completion in December 2007.

The nearest airport at Hurghada is only 4 hours flight time from the UK, ensuring essential ease of access to the resort.  The Egyptian government has also invested some 180 million euros on infrastructures such as roads, water, electrics and other crucial modernisations. 

Sahl Hasheesh is well on the way to becoming a successful 21st century holiday destination to suit the stringent requirements of today’s tourists and investors. The on-site hotels will of course be fittingly up market and are to include such names as Kempinski, Pasha, Alexander and the Old Palace.  This is all good news for your property purchase in this location, while a ready foot flow of well heeled investors is sure to pass through the resort, bringing with it strong demand for property within a top location.  You can find out more about Sahl Hasheesh from our IPIN experts.

Last but not least, watch out for our brand new Egypt section on the Propertyshowrooms.com website.  Due to be released in the very near future, it is packed with valuable information about Egypt to guide you through your next property purchase.