Just got off the phone with an off plan property agent who after giving me negatives about dubai..

told me to go for Sahl Hasheesh’.

Does anyone know about this project?

kind regards

Call me a cynic but this reads like,

"Just got off the phone with an off plan property agent who has nothing in Dubai.., told me he has loads sticking in Sahl Hasheesh’."
Sorry couldnt help it

When was the last time you checked into the mental hospital Loggy?

It sounds like you need some help by a qualified doctor.

I think you will find that this is a project called Serrenia, and it does look very impressive.

They have a website. Just click the link HERE

wow that looks absolutely amazing...

I am impressed..

i'll take 40 villas

You don´t need to be a prince to afford property on Sahl Hasheesh. There are villas on the Northern End of the resort (plot 22B) just been released at 344.100 Euros. These have just been released so haven´t got a web site yet to send you the link, but other stuff available on the resort can be found on Sahl Hasheesh by sticking into Google and looking at all the information that comes up.

344K for a villa in stinking Egypt???? And in HUrghada of all places...

Another investment that will not give you good rental income. Plus egypt is too hot for 3-4 months of the year. Gluts in spain, bulgaria and turkey, why would anyone invest that much in egypt. It is a long flight and i doubt that rental income will be good.

Rondy,

If you can´t afford Sahl Hasheesh - you can´t have it.

No problem

Agree with you that the rental income won´t be that good, but add to your list of over-subscribed locations that wont produce a double figure rental yield Morocco, Cape Verde, Italy (especially Calabria), Florida and possibly even Brazil. There´s only so many tourists!

Why would anybody invest that much in Sahl Hasheesh? because it´s Sahl Hasheesh. To put the price into perspective, the villas I quoted are over 200.000 Euros cheaper than the beach front villas (without views because all the best ones are gone) and I dont dispute that it is a lifestyle investment rather than one that will make you tons of money.

All the countries we have mentioned have been "this years fashion" over the past 6 years. Get into Panama if you want rental yields. Get into Asia if you want capital growth, and steer clear of any country linked to the "mighty" dollar.

What I don´t agree with is the attitude that because you can´t fly there from Luton, it´s not a good investment! Hurghaga has a load of cheap flight carriers operating out of Germany, Austria, Switzerland and the Scandinavian countries. Just because EasyJet dont fly there yet doesn´t make it a bad investment! Do you want to make money or have a nice holiday home?

Hurghada/Sharm is one bomb away from being an empty place.

Egypt has 4 months of unbearable sun and 3 months of not so warm weather. Besides, the cost of the plane is equal to the cost of 3-4 star holiday.

I almost bought in Sahl Hasheesh when the prices were low but then I came to my senses.

344K is just a crazy price to buy in a country where the police controls the population and the islamic revolution is not far.

My mistake - I thought we were talking about investment opportunities. Yep, a big bomb in (insert name of resort or city) will do your investment no good at all. Neither will accellerated global warming (watch out Cape Verde!) nor a financial super-crisis (good morning America) nor a change in what is deemed as fashionable (night night Montenegro).

At the end of the day it´s your choice based on your own due diligence and perception of what your investment will do for you.

I can only agree that alot of off plan properties are not worth anything. Morocco, spain ectr.. no culture and no reason to make people come and visit.. for the same 4-5 star resorts are everywhere.

That doesn't mean that some areas do not have any potential. Morocco for instance has a lovely culture and if one buys in the right and secure places will see a lovely rental yield. Just don't be fooled by all these new developers selling the same old jumbo in some over priced fake resort that 100 km from any sort of moroccans.

Egypt is very much the same in this regard. I have seen places in hurghada I wouldn't touch with a ten foot pole. And places such as serrenia excite me because this is the kind of resort the super wealthy will travel from the hamptons on their private yacht.

What worries me is all these developers claiming to build in sahl hasheesh? Yet on the serrenia website it mentioned that it was a private community. Surely Alot of developers are just trying to sell to flippers who will eventually lose their money in the end. Because many developments are not actually within the private compound or on the beach. Location, Location, Location! However, those who do their homework can buy a terrific investment opp. because this place is sure to stand out from the rest of the crowd. Egypt is a place full of culture and until today has never had a place for the truly rich and famous to relax and have some privacy.

Which is why some of the prices 300euros will keep going up and up. Especially once the marina is finished and the Hotel from the prince is finished.
I think people have to remember that 1 million for the super wealthy is like us buying a toy car. If they can make this resort extremely private and luxurious it will be a winner.

Quite right!