Ocean Breeze - Front Line in Sahl Hasheesh from £900 per m2

Ocean Breeze is considered by most to be one of the very best Beach Front Line developments in Sahl Hasheesh, a world class resort on the Red Sea Riviera, Egypt. 159 luxury apartments and 50 semi detatched villas - all on a large private beach and 2,000 m2 of swimming pools. There are very few front line apartment buildings in Sahl Hasheesh, as most front line plots are taken up with 5 and 4 star hotels. The Pyramisa is open and the Marriott opens in July and the whole Sahl Hasheesh project is moving ahead at quite a pace with many shops and restaurants due to open this summer. This is a genuine year round 100% huaranteed sunshine destiation for holidays, for long stays and for retirement. The appeal to a huge section of the population from Europe, Africa and the Middle East is unrivalled.

Ocean Breeze has one of the the best locations in Zone 3 - as its close to Serenia resort, Norman Foster and Partners 7 star resort with its marina and golf course. Construction on this has now started and, in a few years, I am confident investors in Ocean Breeze e will look back and see what good value these apartments and villas representated in 2008.

Ocean Breeze has shops bars and restaurants on site. An 18 hole golf course is located directly behind the development.

Owing to steadily improving infrastructure connections to all European countries (flight time of 3 – 5 hours) and guaranteed sunshine all year round, the tourist trade is the major source of foreign exchange, with some 9 million tourists visiting the country every year. Approx. 1 million of these tourists come from the United Kingdom, Germany and Italy, with the UK showing the highest growth rates (+23 %). The target figure for 2014 is approx. 16 million tourists, a figure which impressively demonstrates the future demand for property in Egypt, especially in the tourist resorts beside the Red Sea. It is also an attractive indicator for the potential appreciation in the value of properties in high-class locations.

All monies held in escrow account until such stages are completed in accordance with the contract. Excellent previous development quality that have lead the way for the rest.

Sahl Hasheesh property is 100% Freehold, no capital gains tax (in Egypt), vat or inheritance tax.

Call +44(0)113 3131000 for £225 per person special offer “no sales pressure” discovery tours.

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:

Egpyt - Hurghada - Sahl Hasheesh

Recently got back from Red Sea Riviera, Hurghada, Sahl Hashesh, Gamsha Bay inspecting sites of new properties we are marketing.

What struck me was how full the hotels were. For those that have not seen the area it offers year round sunshine, famous scuba diving, golf and many 5 star luxury hotels.

Like all new foreign destinations, I know some folks may have some apprehensions about traveling to Egypt, but the image you may have of Cairo of street hassle is not the reality here on the coast. I felt very safe indeed here. I was also impressed with the money they have spent on the infrastructure before the property is built. New roads, paving and lighting are in, one new huge shopping mall coming up for completion and

One can see why, Hurghada under 5 hours flight from UK and only 10 minutes from Hurghada airport is booming. New wide promenade pavement has been completed whereby a stroll in the evening enables good people watching and opportunity to select a retaurant. All sorts are here and I was impressed with the Thai restaurant and the sushi in the Little Buddha Bar restaurant and night club

Over 20% of the tourists were from Russian or Russian speaking countries with many sign in the Russian alphabet - familiar territory for those who have been to Bulgaria. The Russians are the biggest spenders.

The popularity extended to visitors from Germany, Italy, Scandanavia, UK and Ireland. It was not hard to see why with last minute bargains from the UK of just £425 including flight and fully inclusive hotel. This is stunning value - at double the price Egypt is still very good value.

One of the real attractions here, apart from the price and 365 days of sun, is the quality of service from the Egyptians. My impression here was very positive the Egyptians are almost always polite and friendly and, when you engaged in conversation, they were often very well educated. All in the tourism trade speak English.

So if buying here where should I buy? Well if you want to be a few minutes from the main new bar and restaurant area, then Coral Sea Pearl (or Coral Pearl) is perfectly located. The Desert Pearl 1 which is just about complete (plants are in and snagging underway) showed the build quality with superb 2.9m extra high ceilings, swimming pool and roof terrace with views of the sea. Prices here are from £17,500 for a studio up to £55,000 for a 3 bedroom apartment. This is superb property value and will make perfect sense for many buyers. All prices are in pounds so these are even better value with the weak pound at time of writing compared to euro priced properties.

On to Sahl Hasheesh (or Sahl Hashesh), this new exclusive area is still under construction but the main and very attractive waterfront promenade and huge piazza are nearly finished. The intention here is of an up market destination. Three golf courses are under construction - well I could see two that were well underway the third did not inspect.

Already there is one hotel working and the new scuba diving “The Sunken City” is a recreation of “The City of Isis” a main port that expanded for 2,000 years until it sank and became a key under water attraction. In the bay of Sahl Haseesh divers can explore the ruins of ancient civilisations. Sadly did not have time to test this out but Jeff (an ex dive master) told me its good and not naff as it may sound. Nor did i have time to windsurf or have another go at kitesurfing, deep sea fishing or sailing. However I did get on a very pleasant boat trip moored off Giftun island and went snorkeling in the 25 degrees sea - not bad for the 9th March!

Property in Sahl Hasheesh is more expensive but still excellent value considering that this really is a premium area like El Gouna to the north. So Sunset Pearl there are studios from just £30,000 up to three bedroom apartments around £90,000. This is stunning value and those who know Spain would agree. Here you get golf course AND sea view. Same goes for Red Sea Pearl and Isis Pearl just by Sunset Pearl. Sunset Pearl finishes December 2008 and work on the interiors is now starting. The Pearl of Sahl Hasheesh has mainly golf course views, a little cheaper and will incorporate a Lee Sharp football academy. Here the villas at £275,000 will be excellent investments as similar villas in El Gouna are selling now for in excess of £600,000. So I liked the scarcity value in Sahl Hasheesh and this will probably make the area one of the best to buy into.

So is this area a serious contender on the international stage of exclusive developments? Well I think so, with the Norman Foster and Partners exclusive “Serrenia” this 3 billion dollar waterside development and marina just has to be seen to be believed (well on the internet its a site at the moment). Property here is in the millions. In addition we will be launching Damac (the Middle East’s largest private sector luxury developer) the new 10 million m2 Gamsha Bay.

So my conclusion Egypt is the major new property hot spot, buy here soon and not only will you have a holiday or retirement home but a sound investment not least because of the huge buying interest from Russian property investors who so often now drive prices upwards. The zero Egyptian capital gains or inheritance tax and zero VAT is the icing on what is now a becoming a very appealing cake.