Egypt is a land of ancient civilizations and monumental historical sites. Its history spanning 7000 years makes it one of the oldest vacation locales in the world. Early Greeks and Romans journeyed here for leisure and to marvel at the wonders of mankind’s earliest triumphs.
A mystical land bustling with life, sound and visual beauty, Egypt is not just the place for visiting pyramids, monuments and temples, but also a country that offers the perfect climate and brilliant sunshine throughout the year. The ancient Egyptians established a magnificent and enduring civilization whose achievements have captured the imagination of the world ever since.
Egypt’s glorious past contrasts perfectly with all that modern Egypt has to offer – scuba diving in the Red Sea, fine sandy beaches, exclusive nightspots, romantic Nile cruises, 5-star accommodation and a varied and exotic cuisine – making this country such a unique and fascinating place to visit.
Egypt Investment Background
Today, modern Egypt is characterized by its stable economy and political structure. This combined with the latest Government reforms supports a strong and healthy growth in the property sector.
Prime Minister Ahmed Nazif’s economic reforms mean the stock market has boomed, and GDP grew about five per cent per year in 2005-06. Egypt’s economy is the most varied in the Middle East, with tourism, agriculture, industry and service industries contributing to national wealth. Legal reforms and increased investment in new roads, railways, airports, telephone systems and training have also boosted the economy. A dozen Egyptian cities are now linked by air to 72 world cities and capitals and those links are not only bringing an ever-increasing number of tourists to the Red Sea resorts but also attracting investors, keen to take advantage of low prices and good quality properties.
Egypt ’s Property Investment Hotspots
The Red Sea coast is particularly attractive to overseas property investors. Grand projects are currently in progress pioneering some incredibly imaginative and exclusive modern developments across the Red Sea region.
These new resorts are being built from the 21 st century perspective and offer a wealth of facilities, services and luxury which will ensure high visitation patterns throughout the year. Lessons have been learned from other traditional Mediterranean resorts and overdevelopment and lack of a clear planning vision is definitely not the case with Egypt and the Red Sea coast.
Sahl Hasheesh and Hurghada
Sahl Hasheesh is more than just a resort. It is a real town that combines all the facilities of a top resort with the atmosphere of a lively port. This green place on the Red Sea will expand over an area of 32 million square meters bordered by a sandy beach 12.5 kilometres long. 180 million euros have been invested to date for infrastructure which will support the area and visitors.
The resort community of Sahl Hasheesh is just 20km from Hurghada's international airport, and has a marina, four 18-hole golf courses, bars, restaurants, hotels, sports and leisure facilities, retail centre, and, of course, superb diving and snorkelling. It is a mega-project that heralds the beginning of a new era for tourism in Egypt.
In Sahl Hasheesh we find “Serrenia”, the 3 Billion USD exclusive waterside development designed by Lord Norman Foster.60 Kilometers north lies the exclusive Gamasha Bay Luxury development to be built by Damac, the Middle East’s largest private sector luxury property developer.
The Red Sea
The Red Sea is a premier diving destination with more than 30 meters of underwater visibility. Near the resort of Sahl Hasheesh, Giftun Island offers divers and snorkelers the chance to explore the magnificent coral reefs and to swim freely among brilliantly colored exotic fish and sea creatures.
With numerous diving centers and schools around town, the facilites at Sahl Hasheesh are of the very highest class. There are also many other excellent aquatic sport facilities enjoyed by visitors such as kite surfing, deep sea fishing, windsurfing, sailing and sunset cruises.
Useful Facts
Where is Sahl Hasheesh?
Sahl Hasheesh is situated south of the Sinai Penninsula by the eastern shores of the Red Sea coast, 20 km. from Hurghada International Airport and 5 hours drive from Cairo.
What’s the climate like?
The area enjoys a warm Mediterranean climate throughout the year with average winter temperatures from 15 ۫ C to 30 ۫ C during the summer months.
Why purchase a property investment in Egypt?
Pre-Launch Bargain Property Prices
Proximity to Cultural and Historical Sites
20% -25% Steady year-on-year capital appreciation
Natural landscapes
Annual growth in tourist figures
No Capital Gains Tax
UK residents avoid any inheritance tax on any Egyptian properties
