I'm considering Marsa Alam for several reasons - rental guarantee, position - seems like it could be good for future, & buying on a 5 star resort. Yes you can buy in Hurghada for similar price, but they are basically apts with pool access, as far as I can tell. This will be a resort in itself with lots of facilities & hotel renting out on your behalf. Seems to me renting out in Hurghada will be well nigh impossible with hotel deals & number of apt blocks available.
Like I say, I'm no expert & stand to be corrected..... but thats my take on it at present.

Thanks for the reply Ted.

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The new development in Marsa Alam looks very interesting. Its by the same company that built Zafarana Beach Resort. A middle two bed apartment is only 39,950 euros, which works as only &350 per m2, if my maths is right

I'm thinking about purchasing in Marsa Alam too. The rental guarantee, the facilities and the location appeals. Is there a payment schedule or is it all paid upfront?

Ted, could you please PM me the agent you used. They sound good.

Thats correct - very reasonable.
And rental guarantee - Hurghada I don't think will offer these returns.
There is too much construction going on. why someone would rent an a partment in the apartment block, when today from Dublin u can ger a week in 4* with flights half board for 399 eur. And the flight cost 250.
but when a family goes out there, they might want to go for a penthouse.
And they they will pay less all together.

I think the future of investment is in resorts.

And the less overbuit the place, the better.

Thats my opinion.
Ted

There are some developments starting from £14100 in Marsa so have a good look on the web there is plenty to be had at reasonable prices.

if they are similar to Hurgghada apartment blocks, then thank you, NO! :-)

Hi ted007,

From what i've seen they are nothing like the Hurgahda blocks,but I have only seen pictures.

Hi Ted 007,

I have been reading the thread in relation to Marsa Alam and I wish you all the best with your investment but please do not scoff at Hurghada.

I have been told that prices in Marsa Alam are very similar to Hurghada and this will make any investor think twice before he/she throws their money into Marsa Alam.

As mentioned by many senior members from this forum those who have been to Marsa Alam have been "bored to tears".

In my opinion there are a number of reasons why Hurghada is a better investment then Marsa Alam:

1) The Town already exists and the Government have ploughed more money into the Touristic/Intercontinental area than anything else around the Red Sea.

2) There is a large international Airport which is only a few minutes away. I accept that Marsa Alam has an airport but it is way behind Hurghada. Airlines are driven by demand and you would have to have Marsa Alam growing to the size of Hurghada before you will get regular international flights.

3) Sahl Hasheesh has and still is receiving investment money into it totalling millions of pounds. It will still take 3-5 years before it is fully completed.

4) Gamsha Bay South of El Gouna is expected to start very soon and again will be from what has been advertised an immense development.

5) My prediction is that everything that is desert or undeveloped upon running from El Gouna to Sahl Hasheesh will be built upon and eventually become a good investment but it will be headed off by the 2 big developments ie Gamsha Bay and Sahl Hasheesh. Any developments such as Regency Beach, Palma Resort, European Village etc which are isolated at the moment whilst being built will be encompassed in this growth.

So that leaves Marsa Alam about 90 minutes drive from Hurghada and with very little evidence of large investment ( Although there is the usual chinese whispers/ hearsay that someone whose friend works in the Government told someone who then told someone else that Marsa Alam was the next best thing....)

So please again I ask that if you are happy then go ahead and invest in Marsa Alam but do not put down an area that is established and working very well in terms of tourism.

Regards

Westmids33

Westmids,

That just shows how very much overdeveloped the area is, isn't it?

thanks for taking care of my investments, but that's a BIT too much.
I would highly appreciate if u'd keep similar comments for URSELF, ok?

Ted