Egypt propertyThe property market in Egypt is primarily focused around the Red sea and Mediterranean coastline. Property investors are also buying in and around the main urban hubs of Cairo, Alexandria and Luxor, The Egyptian governments pro-active policies for attracting overseas investment has created an economic climate geared for growth in the Egyptian property market. Do you agree? Please state your views and opinions here on our new Egyptian property forum.
I am buying a 1 bedroom penthouse on the Red Sea Pearl Development, Sahl Hasheesh through DPC International/Worldwide Destinations. I was wondering if there is anyone else on the forum who has done the same and if they have done a recent inspection visit.
I am planning an inspection visit but I am unable to get there until January so I was wondering if anyone had an update on the development.
We're looking into buying a 1 bed (top floor) here - £65,000, give or take a few pounds. After reading all the brilliant info on this site I think that Sahl Hasheesh is what we want but I'm not sure if this development is overpriced.
I'd very much appreciate any comments.
Many thanks
Last edited by queenie40something : 08-01-2008 at 09:26 PM.
Reason: Thread moved
We're looking into buying a 1 bed (top floor) here - £65,000, give or take a few pounds. After reading all the brilliant info on this site I think that Sahl Hasheesh is what we want but I'm not sure if this development is overpriced.
I'd very much appreciate any comments.
Many thanks
Hi Isab, The Sahl Hasheesh resort is Amazing, but of course this does not mean every investment here will be good. The Pearl Sahl Hasheesh in my opinion is not one of the best in Sahl, I think the best one's are Ocean Breeze, Al Andalus, and Palm Beach Pizza
Unless you don't want to be beachfront? in that case this might be ok.
I am buying an apartment on Red Sea Pearl and we have just returned from an inspection visit. I was very impressed with the RSP development and Sahl Hasheesh in general the place is going to amazing when it is complete.
Worldwide Destinations were very good on the inspection visit, very informative not only about the development but about Egypt in general, all in all excellent.
As you know I am purchasing an apartment on Red Sea Pearl, I have paid the 10% reservation fee and I am due to pay 30% at the end of January, at this stage I am due to sign the contract and return it to DPC International. Once the contracts are signed and the 30% is received I am given membership to Lifetime Lawyer, which I suppose will cover all my legal costs for the conveyancing on the property, this I suppose will be carried out by an appointed Egyptian Lawyer.
I have appointed a UK solicitor to look over the contracts prior to signing them and they have raised several points (most of which are minor) to which DPC International and Worldwide Destinations have answered by e.mail, but they have not changed the contract to suit. I am going to forward the responses back to my Solicitor for comment, but I was wondering how important this contract is and if anyone has had their contract looked at by a solicitor in the UK prior to signing.
Hi i have a UK solicitor looking to buy one on Sunset Pearl and i provided a copy of the contract prior to us going any further with discussions. She raised several questions and scribbled all over the contract however most of the queries were due to translation problems. Other than this she was happy and she is a commercial lawyer. I have not yet had the amended copy through but i have been assured it is on its way. Once i receive it and my client gives it the thumbs up i will let you all know.
Regards,
Neil.
Ps: I am looking into the Lifetime Lawyer and will let you know.
Last edited by Rivermead Global Property : 18-01-2008 at 04:19 PM.
Reason: Changed the wording.
By using this Website, you agree to abide by our Terms and Conditions (the "Terms"). This notice does not replace our Terms, which you must read in full as they contain important information. You must not post any defamatory, unlawful or undesirable content, or any content copied from a third party, on the Website. You must not copy material from the Website except in accordance with the Terms. This Website gives users an opportunity to share information only and is not intended to contain any advice which you should rely upon. It does not replace the need to take professional or other advice. We have no liability to you or any other person in respect of any content on this Website.