Construction work is underway on a unique new sea property Egypt residential development on Egypt’s Red Sea Riviera where it is possible for investors to recover their investment in just over four years.

Desert Pearl Beach Apartments, a gated development of 226 apartments comprising studios, one-, two- and three-bedroom homes within a five-storey building around three sides of a courtyard garden with pools and a pool bar, is taking shape on a plot of almost one acre immediately behind the hotels overlooking the pearl white sandy beaches of the former fishing village of Hurghada, today a popular diving and leisure resort.

“Desert Pearl, which has been planned with international buyers in mind, represents a new opportunity for UK and Irish investors to gain a foothold in the burgeoning Egyptian property market,” says Ian Proetta, marketing director of Worldwide Destinations which is selling the apartments at Desert Pearl.

“Although there are other new residential developments near Desert Pearl, they have already been completed and the lack of ‘For Sale’ boards in the area underlines the fact that virtually all the other properties have already been sold. This means that Desert Pearl is the only development in a prime location currently available at prices lower than £18,000.”

The European-style gated development is unique in Hurghada where, traditionally, apartment buildings are regarded as ‘finished’ before windows, doors, kitchens and bathrooms have been installed.