The development is located along the Red Sea’s tourist resort of Sahl Hasheesh.

• Low purchasing costs
• The Red Sea offers some of the best diving sites in the world attracting many thousands of divers every year
• Prices are fixed in both Euros and Sterling
• Established developer
  

The Investment

• Estimated capital growth of 20%  for year one
• Located along the Red Sea Riviera 
• 10% discount available for early payment off final 50% stage payment
  
• Strong growth prospects and rental yields

Exit Strategies

Ideal long or short term investment

• Take advantage of the potentially high capital growth and the pre-construction prices as a short term investment, with no restrictions on selling prior to completion
• Benefit from the estimated 7% rental yields in a resort with high rental demand, furthering the investment opportunities as a long term strategy

The Security

As part of IPIN's due diligence process, this project has undergone legal searches by an independent law firm.

The project complies with all legal requirements and IPIN has no hesitation in offering this project to its investor members.

• Planning permission has been granted to allow the development of 350 units, of which 20 will be townhouses
• The developers have the support of the government
  
• The proposed draft of the Private Purchase Contract has been examined and has been certified that all necessary requirements are contained therein
• As it is not a pre-requisite in Egypt, no bank guarantees are offered on this project
• The developer has a good reputation for producing projects with high quality finishing
  

The Developer

• This prestigious developer is an Egyptian stock market-listed company
• They have years of experience and a proven track record, running their other hotel chains, mean reassuringly high standards and true professionalism

Development Timetable

Construction Start:	1st quarter 2008
Construction End:	3rd quarter 2010