07.11.2008
Gamsha Bay is the 320 million sq. ft. master of all master developments. Yes its delayed and I think this is good. Its essential that they get all their due diligence together before launch.
Why Is Gamsha Bay So Long Awaited?
Its the sheer scale of the project. And the highest level involvement from Damac who have been involved in so many projects.
There will be with many marinas, five star hotels, shopping centres, golf courses, extreme sports adventure theme park, offices, villas, townhouses and over 50,000 residential units.
Damac projects have an excellent history for quality and only operate in the luxury sector. Their plan is of Dubai proporations and will really create a lot of publicity for the area.
In my view, we may see Hurghada property increase in value once sales are underway for Gamsha.
Particularly for key well located properties. But that's not all.
Damac Reputation
Gamsha Bay is situated some 45 minutes North of Hurghada airport is till awaiting launch.
Damac, whose quality reputation from their many investors in Dubai, Qatar and Cairo will help ensure that property here will be amongst the very best in the region. Damac enjoy many awards from Bentley and CNBC for their project's architecture and developments in Abhu Dhabi and Dubai.
Private residences and luxury spa completed the general picture.
Registration
There's nothing to lose by registering interest now. This means investors will get an invitation to the launch event. Damac usually offer the best deals to the very first investors. So the initial launch price could prove to look very cheap a year or two out.
Register with Jet2Let Property http://www.jet2letproperty.com/eg/464-Gamsha-Bay-Off-Plan-property-Hurghada-Red-Sea-Coastline.html to be sure of getting the first option on the best units. Investors should register soon.
After all registering your interest costs nothing and there's no commitment at all.
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