Quote:
Originally Posted by Peter Mitry
Welcome to the forum Lila! El Gouna is a very nice place to live but from an investment standpoint large gains have already been made and future growth, whilst certainly likely, will probably be more modest.
Sahl on the other hand is at the beginning of a 15 year development programme, all governed by a Master Plan which will ensure consistent standards, no matter who actually constructs each project. All applications for building permissions have to go first to the ERC who are the owners of the land. Once approved by them they go forward to the local red sea governate for final approval.
There are so many elements within the Sahl project which will continue to add value for many years to come as each section of the jig saw falls into place. I have bought five properties in Sahl and have already sold one and doubled my money in 18 months.
Gamsha will be an enormous project too but the density of building is much greater than Sahl and its location is way too far out from Hurghada on the less attractive North Coast.
If you need any further advice please feel free to PM me.
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Laila
Please bear in mind that Peter is an agent selling in Sahl and as so his opinion is a tad biased towards it .On a development of this scale there is always a risk that all of the "jigsaw pieces" will not fall into place .
In El Gouna there is an established town which is the flagship resort of Orascom development . The owner has the money to ensure that it will remain one step ahead of the competition even at his own cost .