Coral Hills

Info:

Coral Hills Resort offers a special unique holiday to its guests by providing all the necessary facilities to satisfy their needs, and this enables a range of sports facilities that distinguish the resort from any other villages in the vast green space areas.

Country	Egypt
Location	North Coast
Distance	183 Km. from Alexandria and 100 Km before Marsa Matrouh
Architecture	Modern
Features	Upscale seaside hotel & beach resort
Phases	2 phases
Completion Date	2012
Use	Mixed
Facilities	integrated management services	Several swimming pools
	table tennis	Health club: C, sauna, Jacuzzi, steam, massage
	Children play ground	Restaurants, cafeterias
	Shopping Mall	Tennis court
Unit Types	Villa	FLOOR PLAN
	Chalets	FLOOR PLAN

market Analysis

Reviewing analysis of 2009 compared with 2010 results shows a very substantial increase in the supply of commercial property

- thanks in part to the development of new cities to the east and west of Cairo and in part due to projects in the capital itself -

means that years (perhaps decades) of under-development are finally being addressed. For a long time businesses have had little option but to operate in (typically old) buildings originally constructed for residential purposes.
Now they have some choice. Demand is also coming from two other quarters.

Western multinationals are establishing and/or expanding their presence in Egypt, with the result that they need more office space. At the same time, Middle Eastern companies are relocating to Egypt, often in response to more difficult conditions in Dubai and Lebanon. Significantly, this second group of companies understands and is tolerant of the risks of operating in Egypt. Even if the political noises surrounding the forthcoming elections produces widespread unrest, these regional companies are unlikely to reconsider their plans.

The result is that conditions are dynamic. Vacancy rates vary, but are generally low or falling. Looking ahead, we expect that the optimism of protagonists in the office and retail sub-sectors will be justified. There should be a double-digit increase in rentals in these sub-sectors in 2011; further - if smaller - rises are likely in the following years. Over the forecast period (2011-2014), we envisage that capital values will increase rather more than rentals. As a result, the general downtrend in yields should continue. Egyptian assets are being re-rated, and the country's commercial real estate sector is a clear beneficiary of this.
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