I think Damac will make a sucess of it but it is a long term project as all of these things are. Gouna took 10-12 years to get off the ground and this will too but Damac are well capitalised and im sure will be able to weather the inevitable ups and downs in the property market over that period. they have a reputation to protect and I believe the outlook for Egyptian properrty and the middle east is positive in the medium term but there will be setbacks in what is always a cyclical sector.
Quote:
Originally Posted by muqarabin
Anybody else think Gamsha Bay is just too Big and Demand may well stay below supply when it is finished?????
Just the feeling I had when I saw the plan and the numbers of aparments and villas
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