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Old 15-11-2007, 06:07 PM
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dave99 dave99 is offline
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Quote:
Originally Posted by propertastic View Post
I just spotted this post.

I met with the developers of Manta Resort a month ago and we spoke about the project.

I must admit that it was my seventh meeting of the day when I met them at 10.00pm, my girfriend was in hospital and I was in a hurry and so maybe was not as attentive as I should be.

But the summary is that this development is in a "Houston, we have a problem" situation.

It's something to do with planning permission, I think. They also mentioned that they are currently changing the entire plan of the the resort, with talk of building a marina.

In the forthcoming Propertastic's Guide to Hurghada Property and Egypt's Red Sea Real Estate, we advise people to wait and see what happens with this development. I wouldn't put any money into it before their revised plans are finalized.

If I was you, I would try and speak direct with the developers. Here are details of how they can be reached on Skype:

Questions Online

Just don't tell them that I was the one to send you there!
Did this Resort have a Due Diligence report by any chance.

Any idea if the developer has been taking money without Planning Permission.

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