The reason I buy in Resort Communities, such as El Gouna, Sahl Hasheesh etc.

[Lila]

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.

Thank you for the kind welcome Peter! I was wondering if you know how prices compare between the two. Obviously you got in early at El Gouna. Do you know what properties are selling at now? I think that there are reasons to buy for investment and also for lifestyle and I'd be interested to see how the prices compare and whether it is substantial or not. I will be in touch again as I would love to know which Sahl projects you have brought in. Does El Gouna not still have a number of years development left in it. I saw on the forum that they are extending with some new projects coming on line.

You have definitely helped me re Gamsha, I am not hugely familiar with the area and so I will trust that as you know it so well it is probably not worth the investment.

[realestatemart]

Originally Posted by Lila

Thank you for the kind welcome Peter! I was wondering if you know how prices compare between the two. Obviously you got in early at El Gouna. Do you know what properties are selling at now? I think that there are reasons to buy for investment and also for lifestyle and I'd be interested to see how the prices compare and whether it is substantial or not. I will be in touch again as I would love to know which Sahl projects you have brought in. Does El Gouna not still have a number of years development left in it. I saw on the forum that they are extending with some new projects coming on line.

You have definitely helped me re Gamsha, I am not hugely familiar with the area and so I will trust that as you know it so well it is probably not worth the investment.

Dear Lila,
I think there is some resales for some new villas in El Gouna

[Lila]

Great - do you know what sort of prices we are talking and where in Gouna they are?

[ThomasCurtains]

Originally Posted by Lila

Great - do you know what sort of prices we are talking and where in Gouna they are?

Hi Lila,

I picked up some info about 6 months ago when I was down there. They had 2 projects selling off plan, Sabrina and Fanadir, priced between $2,000 and $3,000 sqm (yes I know what you'll be thinking!!!!). Not sure if prices have changed since then. There is also a new golf course project planned but it wasn't launched when I was there. Hope this helps! TC

[Jeremy Sturgess]

Originally Posted by ThomasCurtains

Hi Lila,

I picked up some info about 6 months ago when I was down there. They had 2 projects selling off plan, Sabrina and Fanadir, priced between $2,000 and $3,000 sqm (yes I know what you'll be thinking!!!!). Not sure if prices have changed since then. There is also a new golf course project planned but it wasn't launched when I was there. Hope this helps! TC

Your right TC. Last time I looked around new year at Sabina the appartments were priced at just over $2000 psm. Sabina Villas were from apprx $2300-$2600 . Fenadir aparts were from $2900 psm and Fenadir villas from $3000. West Golf Apparts were from $2300 psm. The New Marina Appartments were from $2700 psm. Apparantly some of the best units at Gouna have sold for over $3500 psm. Check with Orascom in Gouna for current prices as they may have changed by now.

The new golf project which Im involved in is not yet launched.

[realestatemart]

Originally Posted by Jeremy Sturgess

Your right TC. Last time I looked around new year at Sabina the appartments were priced at just over $2000 psm. Sabina Villas were from apprx $2300-$2600 . Fenadir aparts were from $2900 psm and Fenadir villas from $3000. West Golf Apparts were from $2300 psm. The New Marina Appartments were from $2700 psm. Apparantly some of the best units at Gouna have sold for over $3500 psm. Check with Orascom in Gouna for current prices as they may have changed by now.

The new golf project which Im involved in is not yet launched.

So jeremy Are you wking with Orascom? or what exactly ?

[Jeremy Sturgess]

Originally Posted by realestatemart

So jeremy Are you wking with Orascom? or what exactly ?

The development company I am a partner in is developing the Ancient Sands Golf Resort at Gouna in a JV with Orascom. This is Gounas second golf project located behind the new marina and will launch soon. I also have a villa at Gouna in Phase 5 that I bought 2 years ago and will be moving into next month. Otherwise I have no other ties to them but I know them well and respect them so you can assume I am a supporter .

[realestatemart]

Originally Posted by Jeremy Sturgess

The development company I am a partner in is developing the Ancient Sands Golf Resort at Gouna in a JV with Orascom. This is Gounas second golf project located behind the new marina and will launch soon. I also have a villa at Gouna in Phase 5 that I bought 2 years ago and will be moving into next month. Otherwise I have no other ties to them but I know them well and respect them so you can assume I am a supporter .

thats is great so if we need something in El Gouna we should get in contact with you

[Jeremy Sturgess]

Originally Posted by realestatemart

thats is great so if we need something in El Gouna we should get in contact with you

Not exactly George. I have no involvement in any of the other projects at El Gouna such as Sabina, Mansions, Fenadir, etc. For those schemes you should contact Orascom Real Estate in Gouna.

The new golf project at El Gouna, Ancient Sands Golf Resort, which is located just behind the New Marina, has not yet launched, and will have a separate sales office in the Abu Tig Marina which will probably open in June.

[wemyss1960]

Just Back from Hurghada.Never been to El Gouna before so thought I would pay a visit.Stunning place,much better than I expected.

Have bought several properties in Sahl Hasheesh for Investment - Would buy a villa in El Gouna if I was looking for residence or long stay holidays.

Hope Sahl turns out as good.

Well done to those who invested early in El Gouna.