Zafarana has been hanging around on the property market for quite some time now, it is an isolated resort miles from Hurghada and El Gouna I would not advise investing in this one. Choose one of the main resorts Hurghada, El Gouna or Sharm.
It looks good on paper this one but it will be along time before this area is developed to a high standard.
The weather is also colder the more north of Hurghada you go.