Are you kicking yourself at not buying into one of Egypt's super-luxury resorts such as Sahl Hasheesh or El Gouna when they were recently launched and still available at rock bottom prices?

If so, Las Cabanas at Marsa Alam could be exactly what you are looking for because the development is the first phase to be released of an entire new tourist resort known as the Oriental Coast.

Taking advantage of the beautiful and unspoiled beaches and the fact that the Marsa Alam offers some of the very best diving sites in the entire world, the Oriental Coast is a vast development which is being built in phases over a ten year period. Upon completion, the resort will feature more than ten different hotels, a marina and a golf course, together with many villas and apartments and the shops, bars and restaurants to go with them.

The entire development is located on a plot with a total area of 6.5 million m2 along a 7.5km stretch of coastline.

Las Cabanas features luxury apartments of one, two and three-bedrooms together with four different types of villas, all of which are able to benefit from the adjacent Sunrise Oriental Dream Resort Hotel, which is due to open in October 2008.

With prices at Las Cabanas starting at just over GBP20,000, it is the perfect development for anyone looking at benefitting from the long-term capital growth that the other luxury resort areas on the Red Sea Riviera have seen over the past few years.