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Investment Opportunities In The Venice Of The Red Sea
By Offplanworld
Speak to any investor about the opportunities for property investment in Egypt, and it’s likely that destinations such as Hurghada, New Cairo and Sharm El Sheikh will be discussed length. This seems set to change in the near future, as El Gouna looks set to become one of the Red Sea Rivera’s most desirable residential locations. With its clear blue waters, and dramatic, mountainous backdrops, it is easy to see why El Gouna has caught the eye of an increasing number of overseas property investors.
The focus of El Gouna is in its unique waterfront location. More than just a typical beachfront destination, El Gouna is built along ten kilometres of Egypt’s popular Red Sea coastline, and is spread across a series of islands which are interlinked by a number of picturesque lagoons. In fact, it is these stunning blue lagoons which have resulted in El Gouna being branded as the Venice of the Red Sea. Just over 22 kilometres from the International Airport in Hurghada, El Gouna is just four hours flying time from the major European destinations.
Within El Gouna itself, there is a wide array of activities on offer. Throughout the day, world class scuba diving, quad bike riding and desert safaris cater for the more active
residents, whilst at night more than 100 cafes, bars and restaurants offer a wide selection of cuisine from all over the world. At the very heart of El Gouna lie the marina developments, where during the day the luxury yachts berth and where at night a vibrant and lively atmosphere can be sampled amongst the numerous cafes and restaurants.
Given the level of development within the resort, it is understandable that there is an increasing demand for property in El Gouna. To date, a number of high quality developments have been announced, and these are already proving popular with investors keen to capitalise on what is being seen as one of the Red Sea’s future luxury resorts. To date, over 2,500 Egyptian and European families have bought property in El Gouna, a figure which increases on a daily basis, and which seems set to continue for the foreseeable future.
A year round climate, breathtaking natural beauty, superb cuisine and award winning architecture have combined to make El Gouna one of the Red Sea’s most desirable locations. All these factors, combined with the compelling economic argument for investing in property in Egypt make El Gouna one of the most exciting investment opportunities currently available.
Mark Burns is a Director of Offplanworld.tv, a real estate investment website offering a wide range of property in El Gouna and specialising in investment property in Egypt.
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