No I've only ever been to Sharm actually. I know there is little there at present, but understand the airport is being extended & it seems lots of developments springing up - so wondering if it would be a good bet longer term. I believe theres an unused road between Marsa Alam & Luxor, which if ever opened would mean a 2 hour coach trip to Luxor. IF that ever happened then Marsa Alam would become really attractive.
With this development giving a guaranteed rental for 5 years, I was considering taking a punt on it becoming more than just diving site in years to come. Thats what happened to Sharm isn't it? Could it happen again? Like I say, I'm no expert, just been watching market for a year or so & teetering..........
So any opinions gratefully received.

Hi - what my friend found really annoying is that there were not enough tour ops / agents / companies arranging trips etc. She said the ones that were really had the monopoly on them and the trips were very over priced.

There is a lot of interest in Marsa Alam at the moment and the direct link to UK airports will increase the number of visitors in the future. I believe that Marsa Alam is a definate punt for canny investors prepared to get in early and wait...don't expect huge rental returns in the early years but wait for capital growth. In five years your investment will treble...

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Well thats what I was thinking really.....
It'll be 18 months before its built, then a 5 year rental guarantee, which they say will be renewable, but even if not, then in 6 to 10 years will it be one of those you wish you'd done because its "the new place" to be........
I know its nothing much now, but thinking it could be a good one long term. Especially if they ever opened up that old road.

Hi I agree it could be one for the future.

I have heard many good thing about this area and also agree it must be one for the future.

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Anyone else considering putting their money down?

Shellbell can you please pm info on this new resort the Marsa Alam Beach Resort development. do you have the contact number for the developers?

flip
pm'd you as requested. Though advert at bottom of this page too. Let me know your thoughts....... I'm teetering as they say.

Hi, Shellbell,

I just did.Just put the deposit down on a penthouse and can even advise u on an agency.
they are hoping to find a financing for me. and at least if it doesn't work, they have tried.
Also nice friendly and approachable.
All good.

Ted