Published on 26 September 2005 at 08:17 pm
Filed in Property News for Egypt » El Gouna Egypt
The inimitably stylish El Gouna development on the Red Sea coast in Egypt is the realisation of the vision of Orascom Hotels and Development and affords real estate investors a unique opportunity to buy into one of the region’s premier tourist and lifestyle resorts.
International property buyers purchasing apartments or villas in El Gouna can benefit personally from all the El Gouna resort has to offer in terms of its facilities and amenities or they can choose to tap into the massive potential rental yields achievable and the already impressive returns on capital investment being made when buying off plan at El Gouna.
El Gouna is a purpose built, themed town development near Hurghada in Egypt situated on the shores of the Red Sea and with the breathtaking Egyptian Eastern Desert Mountains making a wonderful backdrop. The entire development is the size of central London, it has over ten kilometres of beachfront, all the villas and apartments for sale have sea views and the whole development which includes five star hotels, a school, USPGA golf course, hospital, farm, airport and marina is stretched across a series of islands and the mainland and all are interlinked with lagoons, waterways, peninsulas and jetties.
The development is already home to hundreds of permanent residents from the UK, Belgium, Italy, Denmark and Switzerland with many more international property investors having bought up accommodation units to let out to the thousands of tourists attracted to the development annually. Resale property prices are soaring and off plan prices and payment plans offer investors a way into this uniquely stylish development and a way in to tapping into the fantastic rental yields already achievable.
The attractions of El Gouna for visitors (and residents of course) include the fact that it offers the largest number of tourist amenities and facilities in the whole of Egypt. The delights on offer range from the best diving and yachting opportunities on the Red Sea, the availability of cinemas, malls, fantastic shopping, fine dining, golf, tennis, swimming, sunbathing and of course relaxing in the year round sunshine in this part of Egypt.
The homes available for purchase are all themed with each theme the brainchild and vision of a given architect and designer - from the Golf Villas of Michael Graves, the Hill Villas of Alfredo Freda and the White Villas from Shehab Mazhar for example. The benefits for owners of properties in El Gouna include having access to all the resort wide facilities as well as the in house additional services such as a maid service, gardening, maintenance support etc.
The property investment opportunities are now being further marketed in Switzerland, Austria and Germany and the villas bought off plan today can be delivered in 12 - 18 months and apartments can be delivered in 24 - 30 months. Rental opportunities already abound for the purchaser seeking to reap returns on his investment immediately it’s completed, and there’s a burgeoning resale market fuelled in interest terms by those wanting to move to the El Gouna resort and live a fantastic lifestyle without having to wait for a property to be completed!
