Hi found hol to Hurghada incl accomadation for £409 which could be cheaper option but not on those dates but leave UK Tues 4th and return Fri 7th see
http://www.latedeals.co.uk/searchres...84Q1510621685Q
I will check my other ones I use to see if I can get any better prices and date.
GreatLateDeals.co.uk - Tailor Made Holidays - Hotel Availability. for under £400 each 14th until 18th March
Another option is to get a cheap flight to Luxor if you can and then get a taxi down to Hurghada.