New Diving Hot Spot Zafarana Egypt Attracting Property Investment

  • 17 years ago
  • Uncategorized

The Red Sea is widely regarded as the premier diving destination in the world offering value for money, reasonable travel times and amazing reef and wreck diving opportunities. These factors also provide the basis for a booming property market with investors, holiday makers and divers taking advantage of the sound investment potential of property on the Red Sea Riviera.
 
Most people are familiar with the best known diving regions of Sharm El Sheikh, Hurghada and Taba. With huge numbers of visitors to dive sites in these areas, over recent years there has been a push to enable access to some of the more secret untouched diving locations in the Red Sea. One of these new emerging diving hot spots is located around Zafarana, situated in between Cairo and Hurghada.
 
Consequently, a luxury, five star, beach-front resort is currently under construction on the shores of the Red Sea near Zafarana. With 2,500 units the development will provide both holiday makers and experienced divers, the opportunity to explore areas previously not offered on a commercial basis. The Zafarana Beach Resort is one of a relatively new breed of developments emerging in Egypt, as savvy developers are creating high spec, European standard builds with first class facilities. What makes this particular development unique is not just the tennis courts, spas, restaurants and swimming pools, but for divers it is the on-site dive school, dive shop and dive safaris that will be run from the resort.
 
With three virgin reefs which have never been commercially dived, this development is an exciting prospect for all those looking to discover spectacular new locations to explore. The pristine waters are home to a vast array of marine life, from dolphins and turtles, to barracuda and a huge variety of sponges and coral. Furthermore the resort will provide day trip access to the multitude of wreck dives scattered along the coast from Zafarana to Ras Gharib, previously only accessible on stay aboard cruises.
 
The Zafarana Beach Resort is testament to the increasing popularity of the Red Sea Riviera as the number one medium haul destination for European holiday makers. As Zoë Waterhouse from Fairfax Investments explains, “this is an amazing opportunity. There are three virgin reefs less than 50 metres from the private beach at Zafarana; it is definitely an opportunity not to be missed for sun seekers, families, divers and investors alike. We are always interested in developments which offer diving facilities and easy access to dive sites as this often results in greater rental yields and high capital appreciation. However, the facilities, virgin coral reefs, private beach and the incredible starting price of only €26,500 makes this resort unique”.
 

With the Zafarana Beach Resort currently one of the fastest selling developments on the Red Sea, the hope is that new developments will follow suit and allow people access to other secret places in this spectacular country

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