The Las Cabanas development is a stunning new resort, situated on the Oriental Coast in Marsa Alam. Offering residents access to some of the best beaches and scuba diving in the Red Sea, the Las Cabanas is the first phase of the Oriental Coast, and is an excellent option for investors looking to capitalise on the considerable potential for growth in this part of the Southern Red Sea.
The Oriental Coast is set to be a self-sufficient residential and holiday resort, offering a wide range of leisure and recreational facilities including ten four and five star hotels, five large waterfront residential areas, a private marina and golf course. There is set to be a wide selection of villas and apartments on the Oriental Coast when the development is finished, with a projected 4,000 units due for construction. The entire Oriental Coast actually stretches for over seven kilometres of beach front, offering stunning views of the Red Sea, and is just over 35 kilometres north of the Marsa Alam international airport.
Within this development, Las Cabanas will feature a range of studio’s, one, two and three bedroom apartments, as well as a number of luxury villas, all of which will share the facilities of the Sunrise Oriental Dream Resort Hotel. Much of the development at Las Cabanas is already completed, and photo’s of the development are now available on request for people interested in the project.
For investors looking to invest in property in the Red Sea, the Las Cabanas presents an excellent opportunity to invest in the early stages of what will be one of the largest property developments in the southern Red Sea region. As increasing numbers of projects on the Oriental Coast gradually come online, it is likely that the apartments and villas at Las Cabanas will experience considerable appreciation in values.
Apartments in the Las Cabanas development are available from just over £20,800, and fully refundable reservation fees for property on the development are from just £1,000.00.
For more information on the apartments at Las Cabanas, or indeed any of our property in Marsa Alam, why not visit our main site at Offplanworld.tv, where we offer a wide range of off-plan and new build property in Egypt.
For more information on tourism in Egypt, you can also find out more at the official Egypt tourist information website.
I have heard mixed reports about Marsa Alam. Many people think that it is one of the best investments for off-plan property in Egypt, whilst others think that it is safer to go for the more established areas such as Sharm El Sheikh or Hurghada.
What does everyone else here think? I am currently looking to purchase an apartment in Hurghada, but am also looking at Marsa Alam, and have been reading about the Red Sea Beach Resort and Marsa Alam Beach Resorts. Any thoughts or suggestions are appreciated.
Hi Barnaby,
I would recommend buying an apartment in Marsa Alam over Hurghada town any day, however it is fair to say that this would depend on your attitude to risk.
Hurghada is far more built up than Marsa Alam, with more infrastructure in place. As such, it is undoubtedly more of a risk to purchase property in Marsa Alam, as it is at a more formative stage of it’s development.
Barnaby,
I think what Charlie has said here makes good sense, as purchasing in Marsa Alam is far more focused around long term investment rather than holiday home / lifestyle purchasing.
The simple fact is that Hurghada, like Sharm El Sheikh, is a far more developed resort, and the entire infrastructure of the region is more settled. On the other hand, Marsa Alam is arguably ten years behiond this situation, and whilst no-one doubts that it will become a popular and commercially successful resort, it is not there yet.
One thing that you may want to consider is having a look into the longer rental guarantees which are currently on offer on the property in Marsa Alam. Many developers are recognising the short term issues facing investors in the region, and are compensating through extended guarantees.
Just a thought….