Red Sea Resort
This month sees in the announcement that IPI, the Dutch developers of the Zafarana Beach Resort will soon be launching a new development, in the South of the Red Sea Riviera, at Marsa Alam. The winning formula of five-star luxury and an extensive list of facilities will again be seen at this new site, with a number of swimming pools, restaurants, bars, nightclub, botanical gardens, medical centre, and all the services you would find within a five star resort.
The year round sunshine and phenomenal diving is an asset that IPI use to its full potential. Like at Zafarana, the Marsa Alam Beach Resort has its own private beach, at this site a 500m long stretch complete with coral reef, marina, and scuba diving school and water sports diving shop to please any visiting water enthusiast.
The exceptional popularity of the Zafarana Beach Resort made it one of the fastest selling resorts on the Red Sea and one generating a vast amount of interest among the UK and Irish investors. These stand testament to the strength of the Egyptian market for investors, who benefit from the year long season, the strength of the country as a diving and cultural hot spot, and its status as an emerging market fast rising as a forerunner in overseas investment.
Low property prices, low maintenance costs, and a high and steady level of capital appreciation attract investors looking for more interesting and profitable opportunities than those afforded in overly saturated or developed areas. The streamlined purchasing procedure and no capital gains tax hasn’t hurt either. With Egypt up 3 places this year in the Place in the Sun’s top investment locations, to Number 11, Egypt’s star is rising.
A draw on tourism aside from the sea and sun, is the availability of cheap, frequent flights. This is a clear advantage for the Marsa Alam Beach Resort with the expansion of Marsa Alam International Airport terminal to double its capacity, enabling it to become capable of handling almost 2000 passengers per hour and with potential for future expansion. Generation of tourism here is also being driven by Port Ghalib, where a range of shops, art galleries, clubs and a casino, as well as the development of the largest marina in the Middle East, with over 1000 berths, will offer tourists to the Marsa Alam Beach Resort world class entertainment just a short distance away, whist still benefiting from the tranquillity of an area abundant with sea life, where the Arabian Desert meets the unspoilt coral fringed Red Sea coast.
Indeed, Marsa Alam is famed among the diving community for the range and plenitude of sea life, from the rare Dugongs, hammerhead sharks and turtles, to vast pods of dolphins. This demand from tourists will also be encouraged by the building of a new high speed passenger train line, running from Marsa Alam to Aswan.
If investing in this region appeals, then IPI are a good developers to find opportunities through. Their low entry levels (prices here starting from only €29,500), rental guarantees and high international standards show an integrity which can further reassure investors aware that IPI remain in their developments upon completion as the site management company. IPI recognise the importance of good relations with investors, and repay loyalty with schemes such as a 10% pre-launch discount currently being offered at the Marsa Alam Beach Resort up until its launch, expected in February 2008, and the further 5% discount for clients who have already worked with IPI by investing in the Zafarana Beach Resort in the North. This beautiful location, mined since Ancient Egyptian times for its gold and Emeralds, has yet more bounty to offer, this time to the savvy investor.
For more details on this resort, contact Fairfax Investments on 0207 372 8369
http://www.fairfaxinvest.com/
Photo:
http://www.prlog.org/
