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Investors Exit Route in Sahl Hasheesh - Page 2

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  #11  
Old 28-06-2008, 05:18 PM
Peter Mitry's Avatar
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Default Sahl Hasheesh Exit Route

Quote:
Originally Posted by dave99 View Post
No I decided that I could not trust what I was being told and did not like the one sided contract terms.

So I decided to spend the money on some land and build my own apartment

- AND 23 others - hence the birth of RED SEA RESIDENICIA, which is what Red Sea Developments is selling in Arabia Beach Area of Hurghada, at much more sensible prices.

Sure it's not going to compare to Sahl but neither do the prices.
.
.
True Dave, but neither will the investment returns!!
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  #12  
Old 28-06-2008, 05:52 PM
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Originally Posted by The Smart Money View Post
I agree. Interestingly me and my girlfriend are planning on our 1st holiday to Egypt early september and El Gouna is our preferance.

Based on your local knowledge of the area, could you recommend a hotel/resort in el gouna (5*)?

I have reserved a property on the Veranda development Sanchez.

regards

Steve
Hi Steve,

We own in El Gouna and also are purchasing in El Andalous at Sahl Hasheesh. I'm sure you'll love both places - both conpletely different from each other. Must admit currently if we were to live there full time we'd choose El Gouna as its already very established with quite a few expats living there already. And amongst all of those I know, they all love it. But Sahl Hasheesh will be beautiful in a few years time and the bay is just stunning!

Prior to purchasing in El Gouna we stayed at the Sheraton Miramar which is well located for both the beautiful marina and downtown (both walkable). I've recommended it to several people, all of whom are now yearly visitors! Another one I've heard good things about is Ocean View on the marina. Always looks nice when we walk through it, although doesn't have the extensive grounds of the Sheraton, but some lovely views over the marina. Also the Sheraton's beach was being redone when we were there in March, so no doubt that will be finished and should be really nice. For honest opions visit tripadvisor.com - loads of reviews about El Gouna Hotels.

Of course, a good option is to rent an apartment and that way you can sample the fabulous restaurants that El Gouna has to offer.

I'm sure you'll be very pleased with your Verandah purchase, it looks stunning. We're hoping to visit Sahl Hasheesh again in September to check the progress of El Andalous - and I can't wait.

Regards

Penny
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  #13  
Old 28-06-2008, 05:55 PM
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Nice one Dave,
good to see someone with the b@lls to do their own developing.
I'm cautious about buying in Sahl. There's money to be made if everything goes right, but due to the relatively high itial prices there is some risk involved.
Time will tell ........
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  #14  
Old 28-06-2008, 06:16 PM
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Hi Penny,
I was in the El Andalous building just a few weeks ago.
Seems to be coming along quite nicely.
I must admit I was very tempted to buy there myself.
Decided not to in the end, more down to timing and a couple of other things on the go.
Hope it goes well for you.

Dave
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  #15  
Old 29-07-2008, 01:55 PM
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Quote:
Originally Posted by distant dreamer View Post
Hi Steve,

We own in El Gouna and also are purchasing in El Andalous at Sahl Hasheesh. I'm sure you'll love both places - both conpletely different from each other. Must admit currently if we were to live there full time we'd choose El Gouna as its already very established with quite a few expats living there already. And amongst all of those I know, they all love it. But Sahl Hasheesh will be beautiful in a few years time and the bay is just stunning!

Prior to purchasing in El Gouna we stayed at the Sheraton Miramar which is well located for both the beautiful marina and downtown (both walkable). I've recommended it to several people, all of whom are now yearly visitors! Another one I've heard good things about is Ocean View on the marina. Always looks nice when we walk through it, although doesn't have the extensive grounds of the Sheraton, but some lovely views over the marina. Also the Sheraton's beach was being redone when we were there in March, so no doubt that will be finished and should be really nice. For honest opions visit tripadvisor.com - loads of reviews about El Gouna Hotels.

Of course, a good option is to rent an apartment and that way you can sample the fabulous restaurants that El Gouna has to offer.

I'm sure you'll be very pleased with your Verandah purchase, it looks stunning. We're hoping to visit Sahl Hasheesh again in September to check the progress of El Andalous - and I can't wait.

Regards

Penny

Hi Penny, sorry for my late response, Thankyou for the detailed post, a problem shared is problem halved excuse the pun!!

We plumped for the The three corners Rihana Resort in El Gouna in the end, it wasn't an easy choice, El Gouna has some fantastic resorts, the Dine around idea is unique - I like it, maybe its something we could encourage 'the powers that be' to promote in Sahl eventually.

kind regards

Steve
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  #16  
Old 27-09-2008, 08:23 AM
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Hi Peter,
Have you seen any recent re sales in Sahl? I have been trying to re sale for 10 months and no luck; not even with a huge discount.....!
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