People often wonder how it is that the relics of Egyptian tombs are so well preserved after being buried for thousands of years! The reason of course is that it hardly ever rains in the region, once every 5 years is the norm so the tombs remained perfectly dry!
What a perfect destination Egypt is for a holiday home, guaranteed sunny weather, superb beaches, warm waters of the Red Sea for superb swimming and diving and just over 4 hours flying time from the UK!
There is one more reason now, properties at Cape Citadel, a resort in Sahl Hasheesh on the shores of the Red Sea, are priced in US $ and prices start at just $90,667 (approx. £45,500) for a studio apartment. The price includes a full furniture package (white goods are extra). Villas prices start at $357,410 (approx. £179,600). There is an excellent stage payment plan and all properties have fantastic sea views. Rental income is expected to be very good as Cape Citadel is a year round resort.
The developer of Cape Citadel is Orascom Development & Management, part of Orascom Hotels & Development, a well established company which owns and manages some of the most exclusive hotels in 7 countries spread over 3 continents. Orascom Development, for a limited time, have priced their properties in US$ to assist sales and bypass the strong € which is affecting property sales in mainland Europe.
Cape Citadel is a very exciting project, purchasers have complete and unrestricted access to the wealth of amenities and facilities of the resort which will include the 5 star Citadel Azur Hotel, a 28 berth Marina, 8 pools and 2 sea pools, restaurants, bars, shops, a sport centre and a dive centre.
Sahl Hasheesh was once the main port in Egypt and was called the city of Isis, the old city sank 2000 years ago and can still be seen underwater. Cape Citadel is only 20 minutes from Hurghada Airport which is well served from a number of UK airports.
Michael Reilly is Marketing Manager of Select Resorts , a property sales and lettings agency who offer a range of Overseas Property Investment Opportunities including Cape Citadel property and El Gouna Property