Best value in Egypt

[SHO]

Apologise if it looked that way.

Believe me I absolutely love Hurghada and have been working hard since last year promoting it. Its a fantastic place and a great investment..and between you and me.. my company has sold 10 times more in Hurghada than SH

In fact I'm going there friday for 2 weeks and certainly wont be missing freezin cold Sheffield

[awahee123]

LOL, I agree it is a fantastic place I hope you have a good time, wish I was coming.

[propertastic]

Originally Posted by kalos

Paradise Gardens- plot 18 Sahl Hasheesh- why? Because it is barely 100m to the largest beach, is GENUINLEY 5 star and more importantly is priced at 50% below Sunset Pearl and c.35% below RA stuff- cue this post being removed by the competition on here.

search on Google..

I'm just adding Paradise Gardens to the Complete Guide and so I have been doing some comparisons.

Paradise Gardens is priced at GBP700/m2
El Andalous is GBP700-750/m2
Palm Beach Piazza GBP850-950
Ocean Breeze GBP800-850
Sunset/Red Sea Pearl GBP1077

Paradise Gardens is not a bad deal at all, but I would say that, from a value point of view, it is in the same ballpark as the RA properties.

Paradise Gardens lacks beachfront obviously and isn't ready for a long time, and the payment terms are not as attractive as RA offer. It does have an advantage though in the fact that Paradise Gardens offer smaller units starting from just 47m2.

In summary, I think that Paradise Gardens is an interesting development and well worth looking at, but I wouldn't shout too loudly about it being a substantially better deal than RA's properties offer.

[kalos]

Sorry that is not accurate 975 euro per sq m at 1.44 to the £ is £677. El Andalous is way back so not a similar comparison.

Comparable RA stuff is 1200 euro per sqm and above. It is also narrow strips of land going back from a narrow window on to the beach


PG is also less than 200m from the LARGEST public beach in Sahl, has a golf course directly behind it . I understand although 2nd line it will be higher than the hotel in front so will have sea views.

AND it will be manged by the Pyramisa Group..3000 affiliates worldwide letting your property.
RA are only just starting to build up their network of tour operators/rental . I know where I would rather be.

Also smallest 1 bedroom units are c.52sq m gross 1 bedroom apartments - there are only 8 of these at this size apparently so won't be around long.

[WESTMIDS33]

Originally Posted by kalos

Sorry that is not accurate 975 euro per sq m at 1.44 to the £ is £677. El Andalous is way back so not a similar comparison.

Comparable RA stuff is 1200 euro per sqm and above. It is also narrow strips of land going back from a narrow window on to the beach


PG is also less than 200m from the LARGEST public beach in Sahl, has a golf course directly behind it . I understand although 2nd line it will be higher than the hotel in front so will have sea views.

AND it will be manged by the Pyramisa Group..3000 affiliates worldwide letting your property.
RA are only just starting to build up their network of tour operators/rental . I know where I would rather be.

Also smallest 1 bedroom units are c.52sq m gross 1 bedroom apartments - there are only 8 of these at this size apparently so won't be around long.

Hi,
Im not involved in selling but in investing and having been out to Sahl and seen all the Projects there including the site for Paradise Gardens, in my opinion i would favour Paradise Gardens. i had a meeting with the Project Manager from Pyramisa who will be the developer and I was impressed with his previous work ie he showed me around the 5* Pyramisa Hotel in Sahl near to el andalous.

In relation to sunset pearl and Red sea pearl I was concerned with where they were placed namely high up and away from the sandy beach/bay.

That aside Sahl is going to be a luxury resort and in my opinion the only comparison is the village road/esplanade area of Hurghada but it is like comparing Monaco to Bournemouth at its best.

Just to pacify those investing in Hurghada I am also investing in the village road area in Hurghada but have also decided to invest Paradise Gardens in Sahl.

Both areas will appreciate in value and everyone will be happy. Ps i do wish Joe Public would get more info about the Red Sea investment potential. Once it kicks off (need more regular airlines) other areas such as the Canaries will I believe suffer.

Regards

Westmids33

[propertastic]

Originally Posted by kalos

Sorry that is not accurate 975 euro per sq m at 1.44 to the £ is £677. El Andalous is way back so not a similar comparison.

Comparable RA stuff is 1200 euro per sqm and above. It is also narrow strips of land going back from a narrow window on to the beach


PG is also less than 200m from the LARGEST public beach in Sahl, has a golf course directly behind it . I understand although 2nd line it will be higher than the hotel in front so will have sea views.

AND it will be manged by the Pyramisa Group..3000 affiliates worldwide letting your property.
RA are only just starting to build up their network of tour operators/rental . I know where I would rather be.

Also smallest 1 bedroom units are c.52sq m gross 1 bedroom apartments - there are only 8 of these at this size apparently so won't be around long.

Sorry to be a pendant, but today's midrate for EUR to GBP is 1.38519 according to xe.com, so EUR975 is GBP703.875.

El Andalous is right on the promenade. How many inches from the beach do you have to be in order to be defined as 'way back'?

Thanks for the advice about the Pyramisa management arrangement - this is useful information. I will add that to the report.

I really am not trying to start a war over this - I like Paradise Gardens a lot and am recommending it in the Complete Guide as the perfect solution for anyone wanting to get a piece of Sahl Hasheesh and who can't raise the GBP50K minimum it would cost to get an RA property. I just felt compelled to your original post as I felt that there was too much hype in it and incorrect comparisons against the RA properties.

[awahee123]

Sounds like Paradise may be best value in Sahl any other developments within Sahl that come near with the price structure mentioned above?

[awahee123]

Anybody invested in Pyramids 2 ,or the village?
Or even any other new development please provide some info,regards your chosen development.

[Peter Mitry]

Paradise Gardens is similar in price per m2 to El Andalous and Palm Beach and yet it is not front line beach. It looks as if it will be a nice project but how many thousands do you think will be using SH public beach when all of the construction is finished? Plus all those visiting from outside.

[scubadoo]

My opinion is that it is very difficult to say what the best value when it is off plan. Surely the final build quality of the finished apartment is an important factor in what you are paying.