sharmcliff.info Indipendent information about real estate Sharm el Sheikh

Sharm, 2008
There are many good points of Sharm compared with Europe. In just a few words; always sun, nice diving and everything is cheap. With just 4 to 6 hours flight time buying real estate here becomes more and more popular. But after living here a while, we start mentioning the drawbacks easier then the reasons we came here for.

The SinaiWeekly Issue n.38 - Sept. 1th 2008


What do you get if you put your money into the hands of an off-plan project owner you have not researched well enough? You get an 'all inclusive' package of headaches, extra payments and defeated expectations - all for a price of 47 thousand Euros.

"The 'Lucky' Ones": this is the harsh reality of nine foreign families living in 'Sharmcliff', a 'wanna-be-luxurious' compound on Hadabah.
Attracted by the nice design of the compound, the promised greenery of the region, as well as by relatively affordable prices, compound's perfect location and an approaching delivery date, these nine families purchased their flats being completely sure that within maximum one year they were going to invite their close friends for new-home celebration parties. But life had other plans on this matter....

Real Estate in Sharm el Sheikh is developing a terrible reputation on the net. There are some good stories but unfortunately there are also many forums (see article below) with hundreds of people like us who are desperate and frustrated and totally let down. Not to mention seriously out of money specially for the ones living and working in Sharm. Real Estate Agent are selling you the complex "off plan" giving you their guarantee of the best investment you could do... but then reality is completely different.
Is it fair? We all came to Sharm because we like it and decided to invest our money to have a nice place where to live.

You or someone you know have similar problems related to Real Estate at Sharm el Sheikh? ...... or you just want to give us your opinion and support?
Please leave a comment or contact us!!!

Press heard about us and there was an article on the Egyptian newspaper "Sot el Omma" on the 14th of April 2008

19 of March 2008
The project owner tries every possible even "illegal" way to make our life impossible as revenge towards us for the action we have been taken with Authority to protect our right. Now they closed the entrances with a brick wall, so we can't enter with the car anymore.

On the 4th of May, after a lot of faxes, phone calls and effort from our side, the wall has been legally removed by the City Council with the support of the Police of Sharm el Sheikh.

Before you buy anything in any part of the world check the reliability of the developers, their background and other projects carried out by them. Talk to people, register on forums, visit useful websites and ask for recommendations. Hire a reliable lawyer who would make the ‘investigation process’ a lot easier.
Check out these forums about Real Estate at Sharm el Sheikh and more! You can register and post your comments or questions concerning Sharm el Sheikh.

11 March 2008
What a surprise, coming home after a working day and find the water pipe that supplies our compound shattered in a lake of water.

may 2008.
Surfing the net we came across the web site of our project owner. www.ashramindustries.com. Quite interesting!! He sounds like a ...."reliable".... business man??? Big investment in agriculture, textiles company, and currently a development project is underway in Sakkara, Giza, called "Sarayat Sakkara".
Concerning our complex says that " By the mid 90s, Sami El Ashram took en early step on the new fad of Egyptian tourism, the Red Sea Riviera, by building an apartment complex in the celebrate city of Sharm el Sheikh. The project is over 15.000 square meters, consist of 78 apartments, 400 square meters swimming pool, 1200 square meters commercial space" ...... doesn't say that its all in fantasy land & the reality is a nightmare!!
How many more persons has been cheated by him?????

July 2008
All the text on the website has been removed but luckily we made a copy when we found it!!!

SinaiWeekly
Issue n.37 - Aug. 18th 2008

The ultra modern ‘City of Peace’ with its shining hotels, luxurious gardens, clean streets and annually held conferences, harbors a guilty secret. Tour operators never sell excursions to this place, restaurants are not opened there and even police forces so profoundly seen in the rest of the town rarely enter the forgotten areas of Ruwaisat, located 15 minutes’ drive from the heart of entertainment, Naama Bay.

Where you live you want to park your car, have electricity and water, watch the telly, have security, some green and maybe a swimming pool (unless you are a dive instructor). Besides that there are also some things you don’t want. You don’t want rubbish and rats near your house or noise from the neighbours when you try to sleep. Lets look how we best act when the things we want are missing or the things we don’t want instead happen.

About Sharm’s tap water.

Water is a basic need and extra important in a hot climate. What can you do to make sure it keeps coming and what are the prices at Sharm?