Sunday 15 June 2008

Egypt - A Paradise for Property Investments

Egypt is the land of pyramids and ancient civilizations, sun-drenched beaches and superb diving, comfortable climatic conditions and spectacular clear water. A land with quintessential mix of the old and new, extending from its architecture to its arts and beyond. And it can be said that Egypt is a place truly bustling with life, beauty and excitement.

Once known as the world's top tourist destination has added a new crown to its feathers by becoming one of the top real estate destinations in the world. And two most promising and architecturally brilliant property hotspots in Egypt are Cairo and Gamsha Bay.

Cairo - The Melting Pot of Ancient and Modern Civilizations

Popularly known as the 'Jewel of the Orient' and the 'City of a Thousand Minarets', Cairo is the glorious capital of Egypt. The largest city in the Middle East and Africa and the seventh most populated city in the world, it lies at the centre of all routes leading to and from the three continents: Asia, Africa and Europe. Home to more than 16 million Egyptians, Arabs, Africans and others, a journey through Cairo is a journey through time, a journey through the history of an immortal civilization and a city where past and present meets.

Damac Properties are shortly to launch exclusive residential projects in New Cairo - the most exclusive master development in Egypt till now. According to Damac Properties their Cairo project is for people who like to live the luxury in the most well appointed villas.

Gamsha Bay - The Mega Leisure Destination on the Red Sea

It's the red mountains that inspired the mariners to name crystal blue waters - Red Sea, where spectacular desert meets the heavenly radiant ocean. The Red Sea is truly one of the planets most exotic and fascinating natural seascape environments. For many, the enchantment lies in the exotic underwater world below, a living tapestry of resounding corals and exotic fish, waiting for you to discover its secrets.

The Gamsha Bay project is Damac's largest real estate property in Egypt. Taking place on an area expecting to covering 30 million square meters on the Red Sea, this mega leisure development will offers residents 13 kilometers of beach. It will be divided into exciting zones comprising of marinas, 5-star hotels, golf courses, extreme sports adventure, villas, townhouses, retail establishments, shopping, boulevards, spa resorts, cinemas, scuba diving facilities and much more. Total investment is expected to reach over US$16 billion over the next ten years.

Damac Properties- the largest private master developers in the Middle East are offering the most exclusive Egypt property for sale.