Waterfront Property in Egypt's North Coast
by Admin on August 13, 2018
Egypt's North Coast is quickly becoming a holiday destination that is in par with Greek, Italian and French beach resorts - with the advantage of being much more affordable to own a beachfront holiday home.
Egypt’s North Coast refers to the 300 mile stretch of the Mediterranean shoreline from Alexandria to the Libyan border. Over the years, the North Coast has become a favoured destination for Egyptians to flee the heat and traffic of Cairo in the summer. Increasing numbers of Arab and European tourists now flock to this pristine coastline to enjoy the cooler weather which is a lot milder than the Red Sea in the summer months. The area has seen the launch of newer upscale resorts offering flawless chalets and villas on white sands against the mesmerising turquoise sea.
As Egypt’s tourism sector recovers and shows strong growth, more investors are convinced of its promising long-term prospects particularly in the North Coast, seen by many as the up and coming destination. There are only a handful of international hotels currently operating in the North Coast such as Rixos Alamein where standard rooms cost around $300 a night and is fully booked through August by returning Egyptian regulars. In December 2016, AccorHotels signed a hotel management deal with local property developer ARCO for four new hotels on Egypt’s North Coast. The hotels – Fairmont Fouka Bay, Swissotel Fouka Bay, Novotel Al Alamein City, and Ibis Styles Al Alamein City – will bring 1,100 new rooms and 350 residences to the North Coast. The first to open will be the Novotel Al Alamein City in 2018, while the Fairmont Fouka Bay will open in 2019, followed by the Swissotel Fuka Bay in 2022.
With its rapidly growing potential, the North Coast may soon become a world-class international summer destination that will rival the French Riviera and Spain’s Costa del Sol. The advantage in Egypt will be the significantly lower cost to purchase seafront property. Many Egyptians have already bought their summer homes in one of many new waterfront developments offering payment plans of up to 10 years. As developers compete to offer attractive master plan designs and a variety of home types, one becomes spoilt for choice. The amenities on offer are also quite impressive ranging from water sports and beach clubhouses to international aqua parks, shopping malls and a full range of dining and entertainment facilities.
Egypt's North Coast is quickly becoming a holiday destination that is in par with Greek, Italian and French beach resorts - with the advantage of being much more affordable to own a beachfront holiday home.
How about experiencing a foretaste of the current luxury developments in Egypt’s North Coast?
One of the top opportunities currently available in the North Coast is Fouka Bay’s The House Hotel & Residence. This award-winning development comprises a mosaic of 12 islands fringed by 7 kilometres of white sandy beaches and drenched in Crystal Lagoons® all around. Skilfully designed by Tatweer Misr Developments, and world-renowned Italian architects Gianluca Peluffo, Fouka Bay enjoys a front-row seat onto Ras El Hekma’s virgin coastline and sprawls across 1 million sq. meters to offer an abundance of signature experiences. The House Residence at Fouka Bay provides owners with an unrivalled standard of luxury living en par with elegant hotels. It features fully furnished spacious one to three-bedroom beach hotel serviced apartments that are equipped with state-of-the art furniture, kitchens and air conditioning. Eleven seafront boutique buildings have been master planned on 4 different levels where every apartment boasts a spacious courtyard and a reception area to facilitate lounging and check-in. These serviced apartments are complimented by a range of private recreational facilities including floating water zones on multiple levels, cutting-edge gyms, kids’ play zones, and world-class spas, in addition to providing private access to a sun-drenched beach hub, guaranteeing unmatched hospitality.
Another promising development in Egypt’s North Coast is Jefaira by Inertia Egypt. Sprawling over 5.5 million square-meter span, Jefaira will include 10 residential neighbourhoods. The development promises accessibility to a range of amenities and facilities so that it is liveable all year round. It is strategically located 30 minutes away from Al Alamein international airport and a two-hour drive from the city of Alexandria, making it easily accessible to local and international travellers. Jefaira features luxury residences ranging from spacious two and three-bedroom condos, a range of family villas, and twin houses alongside breezy chalets and cabins. With a footprint of only 25%, Jefaira’s master plan incorporates plenty of greenery and open space to ensure that there is enough expanses for the residents to enjoy. Jefaira’s stretch of golden coastline is the centre of several entertainment, leisure, and sports activities. In addition to kite surfing, beach volleyball, and windsurfing, residents have the opportunity to gather with their community on the infinity pools that overlooks the Mediterranean Sea for a refreshing swim or to lounge and tan. Jefaira’s coastline includes 5 distinctive beach types: Beach Park, Marina, Terrace Park, Beach Garden, and Villa Panorama Park. The epicentre of Jefaira is the downtown area where the majority of food and beverage outlets will be situated. Commercial, educational, and medical areas will be located at the heart of the project. Control points throughout the project are in place to ensure privacy and security between the commercial and residential areas.
Sign up to our newsletter and never miss an update on new property developments in Egypt.