Sahl Hasheesh versus Hurghada - Page 2

Peter Mitry · #11 05-10-2007, 02:00 PM

'New Developer in Hurghada'

No surprise there then!! Don't tell me, I bet you voted for Sahl Hasheesh!!!

Mikeyv · #12 05-10-2007, 04:08 PM

They are both good investments and both completely different investments!!!

weigh up the area i can buy 3 apartments for the same price as 1 in Sahl Hasheesh will Sahl Hasheesh get 3x rental of Hurghada???

Maybe??

--2cents · #13 06-10-2007, 05:01 PM

I was tempted to vote for Hurghada but stopped as i havent been to sehl. Would love to know feedback on whats attractive about sehl, apart from the obvious luxury being added there. I mean does Hurghada not have more culture, people, more tradition, as well as teh beaches...I get the impression of Sehl as a nice beach resort but without the people and culture. Maybe someone can give a review of the place?

dave99 · #14 06-10-2007, 06:14 PM

Peter will, I'm sure, just have to "have a go at me" (and everyone else that has anything bad to say about Sahl), but I think that this is a much less biased view than he would give.

Sahl is not, and never will be Egypt. It is not supposed to be Egypt so do't go there expecting any "culture" - it is a pure toruist resort, and it looks to me as thought it will be pretty good in that role. It has a really nice pedsterian sea front prom which you will not find in Hurghada (although the Arabia area of Hurghada may have something similar soon). EVERYTHING in Sahl is new and built to a high standard. Hurghada is a really mixed bag from absolutelty the worst of Egypt to some of the best hotels / apartments anywhere in the world.
The beach in Sahl will most likely be accessible by all since it is "open" rather than private, but that assumes that you actually "live" there so it is sort of private. The beach in Sahl will not be natural but I assume it will get covered with better quality sand. Beaches in Hurghada vary from really course sand to superb soft and golden.
The older parts of Hurghada, with the "culture", is not really somewhere that you would wish to live but is great for visiting and night life. Some of the hotels and apartments need re-furbs. The newer parts on the outskirts of Hurghada are much better, with some parts approaching the standards in Sahl.
There is already a new marina in Hurghada but it will never be as upmarket as the one planned for Sahl.

There is a golf course in El Gouna already but it may not be as good or extensive as those planned for Sahl, but maybe "non-Sahls" will be allowed entry anyway.

For a non-egyptian holiday in Egypt, Sahl has to be favourite. You will have the artificial new Egyptian stuff, hardly any Egyptians, lots of different nationals, great holiday facilities (eventually), a purpose build road layout, well organised everything. Hurghada will always be a mis-mash of the good and the bad (so choose carefully).

Value for money - it is impossible to give an objective view unless you pick two specific properties and a specific set of requirements that an owner is looking for.
There is no doubt that Sahl is MUCH more expensive because of all the infrastructure that has to be paid for, and the high selling costs that every buyer has to pay for - but once you've paid then in theory you have something that is increasing in value, assuming that you can re-sell it.
If you are looking for a first investment in Egypt then forget the EXPENSIVE options - try some of the cheaper locations in the newer parts of Hurghada. Forget anything in "Egyptian areas" unless you really know what to expect from your local neighbours.
If you do not feel that £80,000 upwards is a lot to pay for a 2 bed apartment (example) then I would opt for Sahl or El Gouna. If you are looking at between £15,000 and £50,000 the newer parts of Hurghada are acceptable if you do not need to be "insulated" from the real Egypt (NOT that Hurghada is real Egypt, it's just a few steps closer than Sahl and El Gouna).

If you simply compare one apartment in Sahl with the same size unit in one of the better parts of Hurghada, then only an idiot would pay two or three times the price, so you really need to decide whether or not the "infrastructure" and the insulation factor (keep all the locals and "value hungry" Brits out that means) is worth the hugh difference in cost.

You have NO OPTION - if you really have the money to spend you HAVE TO take a good long look at both options - NOT a quick look around - see if anyone is renting in Sahl and stay there for a week - maybe Peter can help with this - likewise for Hurghada or El Gouna.

Good Luck.

--2cents · #15 06-10-2007, 06:28 PM

Thats a great response! pretty much re-inforces what I had in mind, i personally prefer the mix of culture, hustle bustle and the beach...

Thx

Peter Mitry · #16 07-10-2007, 09:39 PM

Nigel is missing one crucial point in an otherwise comprehensive summary. Many people visiting the Red Sea for their two or three weeks in the sun do not want to take the risk of dodgy food and the associated tummy problems that go with it. One of the best ways to avoid this is by opting for a top hotel or a top destination like Makadi Bay, El Gouna or Sahl Hasheesh. Downtown Hurghada is great for a visit but except for the newer bits you take your chances with so many things. There is no 'one product suits all' but for me I am prepared to pay for quality and security.

dave99 · #17 12-10-2007, 09:33 AM

Hi

If you're still looking for guidance send me a Private mail through the forum since I'd prefer not to get into this tit for tat from other senior forum members.

Peter Mitry · #18 12-10-2007, 10:48 AM

It's not a question of 'tit for tat' Nigel; it's the correct procedure. If you want people to contact you for information on your project then use the PM process and the Premium section for advertising. The Forum is for information not for pitching clients. You contribute some really great info but try and stay within the rules - it won't do your business any harm at all. Oh, and by the way whats all this about you upsetting Egyptians by making 'racist' comments!

Elspeth Chalmers · #19 14-10-2007, 11:49 AM

The reason behind the poll defying belief is that you can make higher capital gains on the properties in Hurghada than in the resort of Sahl Hasheesh. A typical two bedroom apartment in Hurghada can start from 15,000 sterling upwards depending on where and who is developing it. The expensive areas like EL Gouna are manufactured and the prices are inflated, El Gouna is not really Egypt it is like living in Spain.

Sahl Hasheesh will follow this line and to that end I would choose Hurghada for investment over Sahl Hasheesh anytime........

Peter Mitry · #20 14-10-2007, 11:59 AM

Hi Elspeth
If I were looking to relocate to Hurghada then I would certainly look at the better areas of the town to buy a villa plot, particularly close to the beach. Resorts like Sahl, El Gouna and Gamsha will always have their following with Investors who see their ultimate market being the millions of tourists expected to visit the Red Sea as opposed to the genuine Lifestyle buyers who may not like the artificiality of living every day in a resort area. For pure investment I would always back the resorts and always front line beach.