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    Serrenia, Sahl Hasheesh

    In the past week, billboards have gone up all over Sahl, many of which list all of the developers who have invested into the project. Trump Serrenia was one of the companies listed on the billboards. I did hear that Donald was there on Thursday. I don't have any proof that this was the...
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    Will Egypt Be The Next Dubai?

    I really don't see any correlation between Dubai and the Red Sea markets. When I started propertastic.com in late 2006 there were already noises that the Dubai market was turning into a bubble which was due to burst anyway in 2008/2009 even without the credit crunch for the simple reasons of...
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    El Gouna Open Air Cinema and Bar

    I managed to find the link eventually. Here it is: El Gouna Newsletter Right load of old garbage it is this month in the main. Not El Gouna's fault though - it's Hollywood's!
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    El Gouna Open Air Cinema and Bar

    I've looked everywhere on that Facebook page, but I still can't figure out what's on this month at the cinema. It would make life a lot easier if they just had one webpage where you can check whenever you like as to what's on when.
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    Places to Eat and drink in Egypt

    They've started off a price war on beer. Now the French place next door is matching them at LE10 a bottle.
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    White Sands Development Hurghada

    It's still as it was. I heard that they still don't have their permits issued. All of their many offices around Hurghada are now closed.
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    Media Watch

    I just noticed that the Google Earth satellite has recently made a sweep of Al-Ahyaa - the area between Hurghada and El Gouna. So if you've bought something there, you can take a look and see what's changed over the last couple of years since the satellite last mapped the area.
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    New Marina Hurghada near Arabia Tourist district

    Both the Marina Cafe and the Adidas/Timberland shop have closed down in the past couple of weeks. This is no great loss though as the Marina Cafe was completely rubbish and I expect the person who thought it was a good idea to sell real Adidas and Timberland goods in a place where knock-offs...
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    credit crunch

    We spoke to Zeiad about escrow accounts for some developments. The problem he said is that any lawyer holding an escrow account will be taxed on the money passing through the account - this is why they don't like them in Egypt. So it's only really an option for escrow accounts being held by...
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    New Marina Hurghada near Arabia Tourist district

    I wouldn't recommend Hurghada Marina to any morning people or light-sleepers as it can be pretty noisy at night. Most of the bars have to shut at 2.00am, but Hed Kandi runs to 5.00 or 6.00am on occasions. We are towards the quieter end of the marina and can still hear it. Those that have...
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    New Marina Hurghada near Arabia Tourist district

    Let me go and have a look from my balcony ... There's still quite a few expensive boats here, but it's still nowhere near that amount you can find in Abu Tig Marina in El Gouna. It definitely got quieter since winter began. It was wonderful to sit outside during the rest of the year, but...
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    Royal Manta - Opposite the Old Vic beach & 2min walk from the Marriott.......

    LE5500/m2 = GBP687.5/m2 LE8500/m2 = GBP1062.50/m2 That's pretty expensive for a secondline development which doesn't even have pools. Compare the development with Regency at the Old Vic which is a firstline development, almost directly in front of Royal Manta, with pools and prices from...
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    Is Egypt the new Dubai?

    I don't see too many similarities between the two markets. When I started reporting on property at the end of 2006, I was already of the opinion that Dubai had all the signs of being a bubble in the making due the fact that most of the properties were being bought by speculators rather than...
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    credit crunch

    There are some interesting things happening on the market, for sure. The main factors though are less the credit crunch, but rather the very strong USD (to which the EGP is tied). The GBP has lost nearly 25% against the USD/EGP since the autumn. The rouble (Russians being the biggest...
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    latvia property investments

    We bought a couple of properties in the #3 city of Liepaja in 2005. They were old communist styly brick blocks, but they were only 300m from a beautiful beach. By the end of 2006, they had gone up around 150%. I could see that there were all of the signs of a bubble happening in Latvia...
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    Sara's Residence

    If anyone has a two-bed/two-bath unit here that they would like to rent out longterm, please PM me as I would be very interested in moving there.
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    G0-Kart Track Hurghada

    Yes, it's too prime a piece of land for them to keep it as something as simple as a go kart track. I thought that they might buy another cheap piece of land in the desert and move it to there as most of their business comes from tour leaders so it doesn't really matter where it is. But I...
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    G0-Kart Track Hurghada

    You better get there quick if you want to have a go on it. It will be phase two of Kamareia Resort before the end of the year: Egypt Real | Kamareia Resort | Overview
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    Sara's Residence

    Here you go. I've redone the map I made a year ago which had a few mistakes in it. The M# areas are Mubareks 1-8 There are no hard and fast borders between each of the areas, but this should be close enopugh for most needs.
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    Las cabanas

    Block 2 (especially Building 3) should have the best sea views out of all of the apartments at Las Cabanas because there are no other buildings between there and the sea. You can just look straight down the road to the sea, as can be seen from the attached images. As MrSkipsey says, there...
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