Gamsha Bay
Egypt
The largest private property developer in the Middle East – Damac Properties - is entering the real estate market in Egypt with a 320 million square-foot master-planned development known simply as “Gamsha Bay.”
Upon completion, Gamsha Bay will be the largest township in the region. Its location along the beaches of the Red Sea places it just under 40 miles north of Hurghada and within easy driving distance of Cairo.
The 55,000-unit, $16.5 billion USD development will offer a staggering 55,000 units that will include villas, town homes and flats situated on over 20 miles of coastline.
Equally as impressive will be the list of amenities that will include an extreme sports/adventure theme park and marinas.
Gamsha Bay will be divided into nine zones as follows:
- Gamsha Marina
- Marina Park
- Coral Golf Course
- Sea View Crescent
- Creek Retreat
- Gamsha Bay
- Peninsula Luxury Villas
- Downtown Gamsha and
- Extreme Sports World Theme Park
Gamsha Bay will be built in five phases over the next 10 years. The initial components are scheduled for completion within five years.
The residential development will carry the Damac brand of environmentally-sound design, innovation and architectural wonder. Even before completion, Damac and Gamsha Bay are setting the bar beyond what many thought possible in the region’s real estate market.
The Gamsha Bay master development at a glance includes:
- 55,000 properties - villas, town homes & flats
- World-class golf course
- Golf training academy
- 24 miles of coastline
- 15 miles of beaches
- Educational facilities
- Equestrian academy
- Scuba diving facilities
- Retail establishments
- On-site hospital & medical facilities
- Spa resorts
- Marinas
- Cinemas
Damac’s other developments in the region include the new, four-project ‘Abdali’ development area in Amman, Jordan. Damac Properties has already delivered three of the four projects.
Damac Properties won prestigious awards at the CNBC Arabian Property Awards in 2006 and was honored with three Bentley International Awards the year before.
A global organization, Damac employs over 6,000 people throughout 18 countries. Damac Properties has become a market leader in the Middle East with strong sales at all its projects. Damac is bringing this same robust commitment to Egypt and the Gamsha Bay real estate project.
Sales for Gamsha Bay are expected to launch soon. We’ve learned from experience at Condo Hotel Center that those buyers who get in early in the pre-construction release of the property see the highest appreciation of their investment and have the best selection of units.
With Egypt’s very public welcoming of Damac into the market, this 55,000-unit development will see significant worldwide attention, driving up demand even more.
In anticipation of this growing demand, Condo Hotel Center is working closely with Damac Properties to accumulate names for a Gamsha Bay VIP List. The people on this VIP List will be contacted as soon as Gamsha Bay units hit the market.
We will also keep you informed about the progress of the plans and any news from the development team at Damac.
To be placed on the Gamsha Bay VIP List, all you need to do is send us your full name, address and phone number, in accordance with developer requirements. There is no cost and no obligation to be placed on this list. And your information will not be sold, shared or misused in any way. Our goal is to keep you as informed as possible about this fantastic Middle East opportunity.
Submit your contact information for Gamsha Bay VIP List here.
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