Luxurious Property Developments By The Red Sea
by Admin on June 21, 2018
Egypt is one of the most enchanting and fascinating countries in the world. It is also an increasingly popular place to invest in luxurious properties.
There are many reasons why investing in Egypt’s real estate is very appealing; a destination with plenty of history, a great climate with year-round sunshine, and the winter warm waters of the Red Sea. Egypt’s ideal weather ensures that these luxury holiday homes are in season all year round. Buying property in Egypt also comes with the benefits of no capital gains or inheritance tax. Together with the low cost of living and the significantly cheaper cost of luxury property in Egypt compared to similar properties elsewhere, it is no surprise that many foreign pensioners permanently live in established Red Sea destinations. Others buy property in luxurious Red Sea property developments to spend their winter holidays and rent out their property for the rest of the year.
Egypt Real Estate Hub is ideal for anyone looking for stunning property developments, including those on the eastern coast of the Red Sea.
Boasting a favourable climate, crystal clear waters and thousands of kilometres of coastline, the Red Sea is a fantastic location for your next property investment. It has many popular national and international tourist destinations, including several National Parks and abundant natural and archaeological points of interest. The Valley of the Kings and tutankhamun's burial place in Luxor is only a four-hour drive away.
We have plenty of luxury developments on offer in this part of Egypt, one of which is the magnificent Somabay resort; a premium ten million square metre peninsula on Egypt’s Red Sea Coast. This up-and-coming hotspot is a self-contained boutique destination designed to celebrate the best elements of the sun and sea. Somabay hosts pure natural landscape; it is surrounded by the magical coral reefs to the North and endless sandy beaches to the South. The paradise peninsula is blessed with low humidity and dry desert winds. Summer temperatures average in the low 30° C whilst winter daytime temperatures are a pleasant low to mid 20° C. Somabay is only a four-hour flight from most European cities and a short drive from Hurghada International Airport.
The residential developments on offer at Somabay include several neighbourhoods. Soma Breeze features wonderful waterfront apartments while Wadi Jebal set atop the beautiful cliffs of Somabay offers exceptional seaside villas, patio villas and lodges. Along the northeast coast of Somabay, you can choose from a variety of villas, terrace villas and terrace chalets at Abu Soma Reef. For idyllic picturesque views, soothing architecture and tranquil sea, the villas at Bay West are worth considering.
Somabay is an ideal choice for your red sea property investment or holiday home. Residents are more than just homeowners as they are part of this exclusive community with access to privileges from five luxury hotels. Homeowners are also in for a treat and will love the many facilities and amenities on offer at this luxurious property development. Highlights include an 18-hole championship golf course, the only spa with Thalasso-Tonic Sea-Water based therapy in the Red Sea as well as some of the best Red Sea diving sites. Kitesurfing is also particularly popular.
Why not find out more about our property developments on the Red Sea?
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