RED SEA RIVIERA PROPERTY

Red Sea Riviera property (the real estate and residential tourist developments) offers the investors the most attractive returns in terms of potential rental income and capital growth expectations of up to 30% being obtained in the main resorts so far. New luxury resorts are becoming a major attraction for the international purchasers of property in Egypt from the UK, Russia, Germany and other neighbouring countries.

With shorter flight times to Europe, better weather and lower prices than Dubai and with high capital returns of up to 30% per annum in key locations, the investment climate in Egypt is widely regarded as a promising one. We may very well be witnessing the birth of a new Dubai. Large developer from Dubai has purchased huge pieces of land for future development – a sign of the potential price increase in the area.

Property on the Red Sea Riviera offers unquestionably one of the most beautiful seascapes in the world which is renowned for its rich sea life. Turtles and manta rays are just two of the 2,000 species to roam this natural wonder. Excellent clarity and mild water temperatures make diving possible all year round.

The Red Sea Riviera has two seasons: a hot summer, which runs from May to October and a mild winter for the remaining months. The dry climate makes the Red Sea Riviera a highly desirable location at any time of the year. Daytime temperatures very rarely fall below 20C and it very rarely rains – offering 365 days of sunshine all year round. It is possible to relax on the warm golden sands of the Red Sea Riviera every day.

Weather you are looking for off-plan apartments or villas for holiday home, investment or a bit of both, Red Sea Riviera property will fit the bill.

Property in Hurghada

Property in Hurghada is experiencing the beginning of a boom. What makes investment in property in Hurghada so appealing whether you are looking for a holiday home, investment or buy-to let?

The beautiful town of Hurghada is unique in offering access to the best diving sites to explore the magnificent uninhabited coral reefs and islands, as well as the opportunity to swim, snorkel, scuba and free dive.

Besides numerous diving centers and schools in the area, there are many other excellent aquatic sport facilities to enjoy such as:

• Boat trips on the Red Sea at dusk
• Windsurfing
• Sailing
• Swimming with dolphins
• Kite surfing
• Deep sea fishing

Situated at the lower end of the Gulf of Suez, to the North of Soma Bay, lies the beautiful town of Hurghada which is right at the heart of the Red Sea Riviera. With a seashore stretching 40 km, Hurghada is the centre for aquatic sports and the ultimate Arabian escape.

Hurghada was founded in the 20th century as a fishing village. Its warm waters are ideal for many varieties of rare fish and coral reefs, which may also be admired through the glass bottom boats. It also boasts unique underwater gardens offshore which are some of the finest in the world, favoured by tourists and experienced divers alike.

Hurghada is famous for its vibrant cosmopolitan ambience, an abundance of exclusive boutiques and fashionable shops, relaxed outdoor cafes, trendy bars and international cuisine restaurants, not to mention the best beaches and water sports in the world. Top entertainment is offered in Hurghada at night, with leading European clubs and bars.

This gateway between Africa and Asia is also a region full of contrasts. Shopping in Hurghada is fantastic. El Dahar, the oldest part of Hurghada, is home to the town's largest market (bazaar) where you can find the finest products Egypt has to offer: gold, jewellery, spices, brass, copperware, papyrus, perfumes, leather products, folkloric costumes, carpets, music and the famous Egyptian cotton.

Buying a property in Hurghada is a safe and sound investment in Egypt as it is freehold unlike the properties in Sharm El Sheikh.

Property in Sahl Hasheesh

Property in Salh Hasheesh is soon to become the most exclusive and architecturally inspired waterside address in the world. Located only 20km from the international airport south of Hurghada, and, in one of the most beautiful bays of the Red Sea, the Premium Resort Sahl Hasheesh ( Green Valley ) is currently being created. Property in Sahl Hasheesh is more exclusive and expensive than in Hurghada.

In the 12 km long bay with its wonderful sandy beaches, Sahl Hasheesh occupies an area of 32 million square metres and promises to become one of the world's leading holiday destinations.

At the end of a 250meter pier underneath the bays crystal waters lies one of the greatest attractions of the resort – The Sunken City. A Mystical site consisting of ruins and antiquities reveals an unforgettable experience for divers.

The infrastructure in the resort has already been entirely completed. The opening of the first few hotels and luxury apartments took place in the first half of 2007.

Fairy-tale hotels, luxurious villas and apartments, a new "Old Town" at the heart of Sahl Hasheesh with the flair of 1001 nights, unforgettable diving areas, an 18-hole golf course complete with fully equipped gold academies, a cinema complex, lush tropical gardens featuring over 100,000 fully grown palm trees as well as a worldwide unique marina and the yacht club, are just some of the facilities that this brand new resort has to offer - in a gated resort that offers exclusivity and security. Yet all of the advantages of Hurghada with its affordable shopping, vibrant nightlife and huge choice of bars and restaurants, are still just a 15 minute taxi ride away, offering the best of both worlds.

For boat lovers, Sahl Hasheesh has the largest marina in the region and also offers a yacht club. Yachts and sail boats are perfect for adventure cruising in the Red Sea Riviera. As an alternative, one can voyage on a gondola or canoe in Sahl Hasheesh’s own “Little Venice” where miniature bridges connect hotels, residences, restaurants and bars across the canal.

Directly bordering the south of Sahl Hasheesh lies the new super-luxury resort of Serrenia, which is destined to become one of the most exclusive addresses in the world. It is here where Arab princes, celebrities, oligarchs and multi-millionaires are buying apartments, villas and palaces- with prices of up to $25 million. Once this resort is fully opened in 2010, Sahl Hasheesh's location will be enhanced still further.

If you are looking for another hot spot to invest for capital growth and rental returns, then it’s time to consider the exciting new emerging market– Red Sea Riviera property, Hurghada in particular. Luxury properties are more affordable at this early stage and in most cases half the price of sea resorts in the Eastern Europe. The holiday season is much longer though!

We cover all worth seeing properties on the Red Sea Riviera including property in Hurghada and property in Sahl Hasheesh