Hi Ted,
I too looked at Zafarana Beach resort and I think my step dad is buying there. There was a couple of things a didn't like about it though which may be worth thinking about.
1. Nearest Airport - at the moment the nearests airports are Cairo or Hurghada which makes it a long journey to the resort. Yes i know there is talk of an airport being built but as far as i know the planning permission hasn't even been granted, so be aware.
2. I don't like the idea of a guaranteed rentl scheme. I've heard some very bad reports that you are actually paying for it yourself in the original price for the apartment.
As I've said this is only my opinion, so take it with a pinch of salt.
Have you looked at the developments in Hurghada. There are a few that are about the same price a Zafarana but in a better location.
Lyndsay
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