the best is to organize site views for SAHL and then you can decide

I visited El Gouna during my recent trip and was very impressed. Next day i went to Sahl and was even more impressed. Both are high quality areas but I think Sahl will be better in years to come.

Hi all,
I'm a newbie to this site.
It seems like there's a wealth of interesting info and experiences ... great stuff.

I own 2 x 2 bed flats in El Gouna. I've had them for a few years now and have seen a reasonable amount of capital gain ....... although you only know for sure when you sell it.

So I'm interested to hear what people have to say about El Gouna, and also how they think the Sahl Hasheesh and Gamsha Bay type developements will affect El Gouna's future.
I know it's all hearsay really, but I'd be interested to hear people's thoughts.

David

Hey there guys,
I'm a "Gouna" at heart and have had some apartments there for a while now.
So although I have a slightly biased view, I'm also looking at some of the new developements, and was in Sahl Hasheesh only 2 weeks ago.
My partner's father is Egyptian, so I have some understanding of the ins and outs of property in El Gouna.
I'll put down a few things that I know about property in El Gouna, that people have mentioned in this thread.

The Egyptians were offered a 10% discount on any new build properties in El Gouna. I say "were", because they stopped doing this approx 1 year ago.
Traditionally people "in the know" would get invites to the launch day of a new area of El Gouna. Anyone could go to these launch days, but knowing about them was the issue. On the launch days the best properties were snapped up and Egyptians would get their 10% as well as any launch day discounts.

I believe that Orascom and only one other Orascom aligned Estate Agent sell properties "off plan" / new in El Gouna.

Once again, only a limited few agents in El Gouna are allowed to do resales.
Private sales are of-course possible though. Orasacom process all resales for a 3% fee of the initial price of the property.


With regards to El Gouna, and the pros / cons vrs other developements, I have started a thread called El Gouna - in the future ........
It will be interesting to hear investors thoughts.

For me, El Gouna is a paradise.
As somewhere to live on the red sea I don't think anything will come close for a long time.
As an investor - I'm currently weighing up options in El Gouna ( White Villa), Sahl Hasheesh ( 2 bed apartment ) and Marsa Alam. All very different investments with their own pros/cons.

Sorry to waffle on, but work is a little quiet ; - )
On a final note I'm happy to answer any questions ( that I can ) on El Gouna, in particular property related stuff.

David

Hi and welcome. Thanks for the great post. I have merged your 2 posts with this existing one on El Gouna. We have another member Georgina who lives full time in El Gouna as well.

Hi there.
Is that "lettings" Georgina ?

Dont know about that but she is a freelance writer for El Gouna magazine and photograper. On a Sunday I believe she works in Smugglers pub. From memory I think she has lived there now for 5 years.

Ahhhh, cool. I think I know of Georgina. She's good friends of my partners mum.

It's interesting. I'm reading that people think that El Gouna and Sahl Hasheesh will be very similar. I think they will be very different .......... Each with strengths and weaknesses ...
I have my own opinions and have personally been to both locations.
I'm interested to see what other people think .......

Lol great stuff - small world x