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Overseas Real Estate Blog. News and Comment

Thursday, May 29, 2008

Ocean Breeze - Front Line in Sahl Hasheesh from £900 per m2

Ocean Breeze is considered by most to be one of the very best Beach Front Line developments in Sahl Hasheesh, a world class resort on the Red Sea Riviera, Egypt. 159 luxury apartments and 50 semi detatched villas - all on a large private beach and 2,000 m2 of swimming pools. There are very few front line apartment buildings in Sahl Hasheesh, as most front line plots are taken up with 5 and 4 star hotels. The Pyramisa is open and the Marriott opens in July and the whole Sahl Hasheesh project is moving ahead at quite a pace with many shops and restaurants due to open this summer. This is a genuine year round 100% huaranteed sunshine destiation for holidays, for long stays and for retirement. The appeal to a huge section of the population from Europe, Africa and the Middle East is unrivalled.

Ocean Breeze has one of the the best locations in Zone 3 - as its close to Serenia resort, Norman Foster and Partners 7 star resort with its marina and golf course. Construction on this has now started and, in a few years, I am confident investors in Ocean Breeze e will look back and see what good value these apartments and villas representated in 2008.

Ocean Breeze has shops bars and restaurants on site. An 18 hole golf course is located directly behind the development.

Owing to steadily improving infrastructure connections to all European countries (flight time of 3 – 5 hours) and guaranteed sunshine all year round, the tourist trade is the major source of foreign exchange, with some 9 million tourists visiting the country every year. Approx. 1 million of these tourists come from the United Kingdom, Germany and Italy, with the UK showing the highest growth rates (+23 %). The target figure for 2014 is approx. 16 million tourists, a figure which impressively demonstrates the future demand for property in Egypt, especially in the tourist resorts beside the Red Sea. It is also an attractive indicator for the potential appreciation in the value of properties in high-class locations.

All monies held in escrow account until such stages are completed in accordance with the contract. Excellent previous development quality that have lead the way for the rest.


Sahl Hasheesh property is 100% Freehold, no capital gains tax (in Egypt), vat or inheritance tax.


Call +44(0)113 3131000 for £225 per person special offer "no sales pressure" discovery tours.

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