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The-height-of-leisure-living

The height of leisure living

26.02.19

Al Dau Development, a hospitality and real estate developer established in 2006 as a subsidiary of Sami Saad Holding is delighted to announce the start of construction of Al Dau Strand, an exquisite gated beachfront residential compound of 300 units. Upon completion it will overlook sandy beaches and crystal waters and have a prominent location in the heart of Hurghada, with prices starting at £83,000.

The much anticipated second phase of Al Dau Heights, comprising 1000 residential units with world class finishing, is due to be delivered in Q1 this year; phase one is already sold out. The investment costs of the project exceeded 800 million EGP.

Al Dau Development developed and manage the Steigenberger Beach Hotel which has received many international awards in terms of quality, and International Conference Centre, the first conference centre in the Red Sea area. They already know the UK market well due to developing and managing the Holiday Inn London West and boast a growing customer base here.

Chairman, Basel Sami Saad, commented: “We are delighted with the progress of Al Dau Heights with phase two being delivered this quarter, and construction is now well under way with Al Dau Strand, and we look forward to opening Al Dau Village Mall later this year. With very competitive price points, prime seaside locations, and year-round sunshine, we are confident that we can generate interest from the UK to invest in property with us.”

Al Dau Strand is in close proximity to Hurghada’s marina and less than 10 minutes’ drive from Hurghada International airport. Located on the Red Sea’s coastline at the beginning of the touristic promenade, it is also just a short walk to Al Dau Village Mall.

Al Dau Strand will feature numerous eateries, restaurants, bars and clubs, in addition to all the city facilities and amenities that makes it a convenient residence for a short break or permanent address. The well-known Spanish beach club concept Purobeach will manage Al Dau Strand Beach; they already operate in Palma, Barcelona, Marbella, Vilamoura, and the United Arab Emirates.

There is a wide variety of units from studios, to one to three-bedroom apartments and penthouses, featuring contemporary modern and practical designs, with the majority of the units enjoying a direct sea, pool and plaza view.

Neighbouring Al Dau Strand, Al Dau Heights is also close to Hurghada Airport and located at the beginning of the touristic promenade and marina, enjoying unrivalled views of the sea.

Al Dau Heights also features underground garages, swimming pools, and streets lined with boutique shops, cafes and restaurants, but 70% of the development is dedicated open green space.

A great amenity to both Al Dau Strand and Heights is Al Dau Village Mall, which is already complete and will open later this year. It has a surface area of more than 25,000 square meters and 80 commercial units including international and regional retail, food and beverage, entertainment and leisure services, in addition to convenience stores.

Al Dau has deployed its impressive background in hospitality and due to its expansive knowledge of the standards and lifestyle that a discerning community expects, delivers best-in-class developments that are peerless in the current real estate market.

An emerging market proposition like Egypt offers a stable investment with good growth rates and a steady year-on-year capital appreciation of between 20-30%. Egypt’s warm desert climate with temperatures ranging from 14°C in winter to 30°C in the summer creates a year-round tourist season.

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