?

Invest in Taba or not?

Poll closed Mar 20, 2008.
  1. yes

    1 vote(s)
    16.7%
  2. no

    5 vote(s)
    83.3%
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Taba Property Investment.

Discussion in 'Egypt property' started by RedSeaHomes, Mar 8, 2008.

  1. RedSeaHomes

    RedSeaHomes New Member

    Dear All,

    i notice that, all of you focus on Hurgahda, Sharm El Sheik,...
    The upcoming area is Taba. Very cheap for investment , compared with Hurgahda and Sharm el sheik.
    There is a beach front project (off-plane) . 200 units, 5,500 sterling / m2 pre lunch price .will go up for 700. The due diligence will be offered .

    Regards
    Red Sea Homes.
     
    Last edited by a moderator: Mar 8, 2008
  2. johnwayne

    johnwayne Banned

    can you tell us more? sounds interesting.
     
  3. RedSeaHomes

    RedSeaHomes New Member

    Location: very near to Taba Heights. a deal will be made to use Marian of Taba heights and gold course for a discount.
    Land is 32,000 m2. The first 50 unites will be at discounted price.
    Owner: is Egyptian developer.
    Specification: will be to European stander.

    Layout and price list will be published in a week.

    Regards
     
  4. johnwayne

    johnwayne Banned

    thanks and please keep us all in the know - sounds good!
     
  5. abomadi

    abomadi New Member

    from my side this is the worst place to invest in, this area is very sensitive since it's located between 3 countries Jordan, Egypt, Palestine"Israel", and every visitor must be checked by Egyptian and Israelis intelligence system before he has an entrance visa as i heard when i visited it last time. also there is no life there only 6 resorts as i remember with no place to go else your resort :).
     
  6. RedSeaHomes

    RedSeaHomes New Member

    full of life

    Hi
    For sure you know nothing!!!!!!. Just to prove that . the ministry of tourism started a plan for promoting the area. And it is not that close to the borders to Palestine
    What do you know about Taba heights? It will El Guna soon. Taba is coming .
    I guess you have other objective of saying so????
     
  7. Lsab

    Lsab New Member

    Hi Red Sea,

    Wikipedia says that 'Taba is the location of Egypt's busiest border crossing with neighbouring Israel'. Check this link Taba (Egypt - Wikipedia, the free encyclopedia).

    Are you maybe talking about somewhere else with the same name?
     
  8. RedSeaHomes

    RedSeaHomes New Member

    Hi ,
    as you said it is a free encyclopedia. Who write the information!!!!?
     
  9. Lsab

    Lsab New Member

    That's right Red Sea - you can never be sure of their information. Where exactly is Taba?
    Thanks
     
  10. queenie40something

    queenie40something Senior Member

  11. Lsab

    Lsab New Member

    Thanks Queenie. My husband just got in from work and I asked him too. He said that as far as he knows, it's still a very sensitive area and was disputed land between 'Israel' and Egypt - quite a long time ago though. Too near the border for us I'm afraid.
     
  12. queenie40something

    queenie40something Senior Member

    Hi Isab

    Personally Im with you on this one. Also it is too far to use as a base to explore the Ancient Wonders of Egypt. That is why Hurghada and Sharm are excellent bases as you can get to Luxor and Cairo very quickly and cheaply by air.
    If anyone is looking for rental potential then the location of Hurgh and Sharm along with the red sea is a definite selling point.
     
  13. abomadi

    abomadi New Member

    Genius...

    first of all this is my own opinion, since i own properties in Aqaba- Jordan,and also visited taba many times you could ask any legal department about this issue. also Taba faced many terrorism explosions, BTW this is an sharing forum to share opinions not to be aggressive on people.

    genius
     
  14. hello

    its tooooooooooooooo early to have properties in this area, what is the nearest hospital??? what is the nearest services areas??? where is the nearest government services offices???? does any one have any information
    pics or offplan informations??? its only hotels and sensetive area
     
  15. RedSeaHomes

    RedSeaHomes New Member

    hi,
    there is a hospital, and governmental offices. beside there is a direct flight from UK to Taba, every week.
    there is a huge project their( Taba Heights), which has many hotels, and golf course and marina.
    there is an off-plan project . it will have 200 units, beach front. the price will start from 550 sterling /m going up to 700 sterling.
    for all, the resorts is away from the border. i understand your worried, but can someone explain me whay the government developing this area., and why investors invest their... are they crazy??? or what. Terrorism happens anywhere.... it happened in sharm before???

    regards.
    Essam
     
    Last edited by a moderator: Mar 10, 2008
  16. Lsab

    Lsab New Member

    hi Essam,

    There's so much to take into account when buying abroad. Many people would prefer to buy in a more established area where they can access plenty of information and advice from others that have bought there. There are investors prepared to take a bigger risk for a bigger return, I'm just not one of them. Agreed about the terrorism point - most of us on the forum agree I think, but I just feel that Taba is too close to the border. I lived in Saudi Arabia a few years ago when bombings were becoming quite regular - my son's school was actually bombed (thankfully he wasn't in it), so I know that terrorism happens everywhere. We have limited funds to invest and we want to take as few risks as possible. There will many that disagree I'm sure:)
     
  17. queenie40something

    queenie40something Senior Member

    I was also wondering if you would be able to insure the properties due to the previous bombings and closeness to the border ( had no probs in Sharm ) and if so would the premiums be alot higher than resorts such as Sharm and Hurghada.

    Another reason I would not consider buying here is that once we decided to move out to Egypt, Taba I'm sure will be very very difficult to locate work.
     
  18. lyndsay552

    lyndsay552 New Member

    Not sure about this area but coming from Northern Ireland, we have always had to pay higher insurance premiums because of the terrorism and a lot of English companies will not provide insurance here. I think it is starting to change now.
     
  19. queenie40something

    queenie40something Senior Member

    Hi Lyndsay - yes thats correct. I am a Motor Insurance Underwriter and we insure risks in NI but I think we are one of few that do at the moment.
     
  20. lyndsay552

    lyndsay552 New Member

    There was an article in a Sunday Newspaper yesterday about Taba Heights. I'll see if I can find it online and put it in the media section. It looks lovely
     
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