Quote:
Originally Posted by WESTMIDS33
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
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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