Marsa Alam Beach Resort,
Egypt
Article Date : Friday, April 11
, 2008
EGYPT’S economy has experienced a remarkable turnaround and now
investment in Egyptian property is offering significant opportunities
for purchasers, at this early stage of the vibrant fledging market.
Major cities are currently attracting as much as 25 per cent annual
capital growth and there is increasing tourist demand for short-term
rental accommodation in the resort areas.
With the high demand for holidays on the Red Sea, the property market
looks set to thrive. Egypt's proximity to the European mainland and
increasing tourist infrastructure will ensure that this market will
grow as holidaymakers see the potential for owning a property in this
historic and exotic location.
A busy year is predicted for property investment in Egypt for 2008. The
popularity of the region as a diving destination has led to the
construction of the Marsa Alam International Airport, 65km north of the
town. Construction is currently underway on an extension to this
terminal, in order to handle the increased tourist inflow into the now
easily accessible area.
With direct flights from London and many other European destinations
now available, the area is seeing an explosion in tourism growth and
development.
The new Marsa Alam beach
resort, located in the south of the Egyptian Riviera on
the Red Sea, will offer a unique real estate opportunity. The
development is being built by a meticulous Dutch construction company
with all properties designed to EU standards.
The Marsa Alam resort, just launched offers
unrivalled value with one-bed apartments starting at €30,500, two-bed
apartments starting at €39,500
and two-bed penthouses with a solarium room and roof terraces top
terraces from €59,950.
Set in a beautiful five star gated resort, on 500m of sandy coastline,
Marsa Alam’s high spec apartments all feature individual outdoor space
and a selection with prime beach front locations. Residents of the
Marsa Alam development will benefit from five star facilities such as a
private beach and coral reef, 24 hour concierge, reception and room
service, shuttle and limo services and an amphitheatre with botanical
gardens.
The region is renowned as the word’s premier diving site and Marsa Alam
and it’s private coral reef offer its residents all they will need to
experience this to the full. Within the resort is a marina with a scuba
diving school and water sports diving
shop.
For those who prefer to stay on land, the development does not
disappoint. Facilities include tennis courts, mini – golf, a wellness
and fitness centre along with both saltwater and freshwater swimming
pools.
Other amenities in this frontline development include restaurants,
bars, nightclubs, shops and supermarkets, which are all within the
vicinity of the resort.
There is a rental guarantee which increases
annually over the five-years, averaging out at 10 per cent per annum.
Unlike other areas of the Red Sea Coast this resort is freehold
ownership and there is no restriction on when you can resell your
apartment.
These wonderful properties are being marketed by Aquarius Properties
tel +353 (0)1 2782900 or email them on info@aquariusproperties.com
www.aquariusproperties.com
(c)
Copyright Noreen Hynes 2008