Gamsha Bay Launch Delayed

Yesterday I was with Damac the developers for Gamsha Bay. Gamsha Bay is the 320 million sq. ft. master of all master developments. Yes its delayed and I think this is good. Its essential that they get all their due diligence together before launch.

Why Is Gamsha Bay So Long Awaited?

Its the sheer scale of the project. And the highest level involvement from Damac who have been involved in so many projects.

There will be with many marinas, five star hotels, shopping centres, golf courses, extreme sports adventure theme park, offices, villas, townhouses and over 50,000 residential units.

Damac projects have an excellent history for quality and only operate in the luxury sector. Their plan is of Dubai proporations and will really create a lot of publicity for the area.

In my view, we may see Hurghada property increase in value once sales are underway for Gamsha.

Particularly for key well located properties. But that’s not all.

Damac Reputation

Gamsha Bay is situated some 45 minutes North of Hurghada airport is till awaiting launch.

Damac, whose quality reputation from their many investors in Dubai, Qatar and Cairo will help ensure that property here will be amongst the very best in the region. Damac enjoy many awards from Bentley and CNBC for their project’s architecture and developments in Abhu Dhabi and Dubai.

Private residences and luxury spa completed the general picture.

Registration

There’s nothing to lose by registering interest now. This means investors will get an invitation to the launch event. Damac usually offer the best deals to the very first investors. So the initial launch price could prove to look very cheap a year or two out.

Register with Jet2Let Property http://www.jet2letproperty.com/eg/464-Gamsha-Bay-Off-Plan-property-Hurghada-Red-Sea-Coastline.html to be sure of getting the first option on the best units. Investors should register soon.

After all registering your interest costs nothing and there’s no commitment at all.

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El Gouna, Hurghada, Sahl Hasheesh - What are the differences?

Gamsha Bay: Starting about one hour to the North of Hurghada Airport we have the site of Gamsha Bay project. Over 50,000 units proposed from Damac, 3 marinas, four golf courses, Sports areas, Hotels etc. Full details will be on web site soon but earlier registration will get the pick of the units.

El Gouna: About 25 minutes from Hurghada airport, this is fully operational with an impressive marina full with many £20m + boats (see picture left). Excellent restaurants and shops line the promenade around the marina. See picture above. Large 420m2 villas and very high quality apartments are now available through us. Price includes your own exterior and interior design service. The area is high security and gives a stress free area to relax without street sellers. This area gives a taste as to how Sahl Hasheesh will take shape.

South of El Gouna to Old Hurghada: Here is perfect beach front property territory with new hotels and apartments. A very large Carrefour supermarket is planned here. We have Hania Beach (front line), Orange Beach (front line, yet to be launched). and Pearl Vista (second line).

Old Hurghada: Real taste of Egypt territory with Sheraton street and its clubs, bars and vibrant shopping (see left). This is where tourism started and is thriving now. New marina already open with expensive new yachts moored.

New Hurghada: The Esplanade (Village Road) is impressive (see below) with a quieter feel and more relaxed pace than Old Hurghada. Like everywhere here, it feels very secure and with an ever growing mix of restaurants (Thai Garden, Hard Rock Cafe, Pizza Hut and traditional Egyptian) and the world class Little Buddha Restarant and Club, this is the place to enjoy a pre or post dinner stroll. Front Line property here is getting pricey as there is so little space left. We will have soon in pre launch Samra Bay (1,200 units 170,000 m2) from Orbit - where I saw the very high level of finish in Sahl Hasheesh. More info on this including video available on request.

Here we also have town developments of Lotus Breeze, Desert Pearl 1 (SOLD OUT), Desert Pearl 2, and Coral Sea Pearl, two minutes walk to the main town area. The new Zina Heights right on the Esplanade just in pre launch and West Side again right in the centre of town. For superb value we have Centre Residency 2 bedrooms from just £27,000.

Megawish:

Just a little further south we have the megawish area. Here we have Egyptian Pearl (second line).

Sahl Hasheesh:
This grand project by ERC will consist of 17 five star hotels and 12 four star. Three golf courses in three zones. Zone one course to be finished in June 2009. Already its taking shape and front line villas and apartments selling fast. Prices rising now that the Norman Foster and Partners’ 7 star Serenia Resort and Marina construction has started.

Ocean Breeze in Phase 3 is now well under way but still some excellent villas and apartments available. Highly Recommended. Also we have front line developments of El Andalous and Palm Beach Piazza (see pool view left). Sunset Pearl and Red Sea Pearl have golf and sea views. All in Zone One.

See picture of Ocean Breeze under construction:

Dolphins off Hurghada Coast, Red Sea - a regular sighting: