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Egypt property The property market in Egypt is primarily focused around the Red sea and Mediterranean coastline. Property investors are also buying in and around the main urban hubs of Cairo, Alexandria and Luxor, The Egyptian governments pro-active policies for attracting overseas investment has created an economic climate geared for growth in the Egyptian property market. Do you agree? Please state your views and opinions here on our new Egyptian property forum.

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Orascoms CAPE CITADEL outside Sahl Hashhesh - Page 12

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  #111  
Old 18-09-2008, 04:00 PM
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come on it is not 7 km at all!!!!!!!!! may be 1!!!! u'r just passing by th turn to citadel and after a couple of min here u r - the gates to sahl!!!
and it was known from the very beginning that citadel is outside of sahl as well as oberoi.
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  #112  
Old 23-09-2008, 08:46 PM
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Hello
is anyone visit the project site recently and give us an update of the present situation (Pictures).. news ,etc? thank you.
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  #113  
Old 24-09-2008, 05:34 AM
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Default Cape Citadel

I was yesterday in Cape citadel project and i see that thy start work in the last scale ,but which astonished me again the stunning beach ,the panoramic sea view and the nature of the land.
Alaa Fayad
alaa@Classicaredsea.com
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  #114  
Old 15-12-2008, 08:29 PM
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Hello everyone,
has anyone have any update news or informations of the project situation, if in this current climat is still going ahead etc etc ..
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  #115  
Old 16-12-2008, 07:35 AM
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Quote:
Originally Posted by kia11 View Post
Hello everyone,
has anyone have any update news or informations of the project situation, if in this current climat is still going ahead etc etc ..
Hi Kia,

I do not think they will ever cancel the project, first of all because it is Orascom's project, secondly because more than 50% of it is already sold mostly to Egyptians (according to data a month ago). Or to be more accurate - reserved, as the contracts were still not ready then.
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  #116  
Old 16-12-2008, 05:53 PM
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Smile sahl hasheesh is the correct address...

Quote:
Originally Posted by nazab View Post
Sahl Hasheesh is a whole bay that has been taken by ERC as a master developer who in turn is developing the whole bay to be the most luxurious , self contained resort on the Red Sea with the infrastucture and reselling land plots to developers and investors constructing hotels and residential compounds.
Oberoi and Cape Citadel are both outside the boundaries of Sahl Hasheesh as well as outside the bay of Sahl Hasheesh . Enclosed a map from Google showing the location of Cape Citadel in relation to Sahl Hasheesh. As well as the map of ERC of Sahl Hasheesh bay .. clearly showing that Cape Citadel is not at all in Sahl Hasheesh bay .
Sahl Hasheesh is an area, not just the development coined by ERC. Therefore both the Oberoi and Cape are allowed to use Sahl Hasheesh as their address. ERC does not own the rights to the area.

Can everybody start calling the whole region Rossland please? I named the area that when I first saw it years ago.
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  #117  
Old 18-12-2008, 03:41 PM
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Originally Posted by HORIZON View Post
Hi Kia,

I do not think they will ever cancel the project, first of all because it is Orascom's project, secondly because more than 50% of it is already sold mostly to Egyptians (according to data a month ago). Or to be more accurate - reserved, as the contracts were still not ready then.
Hi Horizon

Thank you, is the contract not ready yet...what it seems to be the problem than?
What about the building work is it starting?
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  #118  
Old 22-12-2008, 09:28 AM
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Originally Posted by kia11 View Post
Hi Horizon

Thank you, is the contract not ready yet...what it seems to be the problem than?
What about the building work is it starting?
I actually cannot explain the delay with contracts and it is not elaborated by developers and sales team.

There was as well not much movement around the site (but it was more than a month ago..)

The delay with construction should be connected with contract delays I presume.
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  #119  
Old 20-01-2009, 10:25 PM
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Has anyone signed a contract yet?
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  #120  
Old 20-01-2009, 10:29 PM
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Default cape citadel

yes, you can sa that more than 75 % from this project already sold
regards
Alaa Fayad
info@classicaredsea.com
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