Hi Sonia and welcome to the forum.
I saw this development whilst at the place in the sun exhibition last year.
I too have been to Sharm many times and I have also been to Luxor 3 times. The last being end of Nov / beg Dec last year.
I have purchased at Nabq in Sharm. Although I love Luxor and there is always plenty to see when we go back I would not buy there.
The caleche drivers and shop keepers are now an absolute nightmare and they are now putting me off going again. The fumes are now horrendous from the cruise boats.
You can still get a studio in Sharm or Hurghada for under £20,000 and it is only a 50 min flight from Sharm to Cairo and Luxor so prospective holidaymakers have the best of both worlds - glorious red sea and short flight to see the Ancient Wonders of Egypt.
I think a week at a time in Luxor is more than enough but I could spend weeks and weeks in the redsea.
Regards
Alison
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