Who from the english buyers have the intention to come to the meeting 16 th of november? we are curios who we can meet on the meeting.

Hi there

I haven't been on the site for ages!!! I own A26 and can't wait for completion!!

Am i right in assuming that will receive 25 euros per day as compensation for delayed completion?

I hope to get out there sometime sin Jan pending progress of course.

Lena

Bestwestern: I will (although I guess it may be tough in this buildingstage to plan extra water outlets all over the resort). But it sure is possible and also a very very good idea in my opinion. That really is something extra and illustrates a 5 star resort.

Heather: great great answer ! After reading your replymessage I was laughing for at least a minute. Great sense of humor !!

Ruud

Hi one and all we have not been on the forum for a long long time but keep a listening watch. we have always totally backed IPI 100 per cent and we can understand the concerns of many fellow investors that are being expressed on this forum. We have visited the development on many occasions and have seen the site grow and grow but we too are concerned about some issues that are being raised like no sofa beds air con is not and issue with us because the one bedroom appt are fitted free of charge . Now that we are livingin Cairo we have our fingers on the pulse so to speak and I have personally Given Eric Mann details of a newspaper albeit egyptian that solely deals with employment advertising and I have also met with both Coca cola and Pepsi Cola reps to see what they can offer the resort  all this at my personal expensive. A meeting was held with the Coca Cola rep and I was not invited I solely mention this to inform fellow investors that some things are taking place that you are not being informed about. Of course we have justed finished the month of Ramadan and the Eide festival and believe me Egypt comes to a complete STOP for these five weeks. I know that quite a few of you are coming out for the christmas and new year celebrations the more the merrier!!!  Maybe this will shake up the contractors but I dont think so, The full operational strategy is to be run by IPI and conducted  and organised by them wether they have the right people recruited to manage this is another issue. I just hope that the meeting in Holland will be a constructive one and that IPI will be totally upfront with the issues that the attendees place before them and that tis meeting is properly minuted and that those minutes are sent to every investor. Please remember we only as individuals own a very small part of the development but have a right to voice our opinions.

So if you are still undecided book your flights for christmas and like myself and Bram and friends we can always have a christmas eve Bar-B-Q on the beach. Thats all for now from a very hot Cairo goodnight

Keep taking the tablets Ruud........

Heater

My God,

I am really getting old ............... I should have opened my former message with 'Alex74' ofcourse and not Alex65 (this is really a big laugh, or in fact not funny anymore ..........).

Sorry243

Ruud (Alzheimer ......).

Alex65,

I'm getting old .............. I mixed up the two Alexes; 1965 minus 1 (74) is 1964 Alexes mixedups to go ........... (just joking).

After I read your comment today I indeed mixed up the two of you and with the comments of the other Alex (1965) in my head of the past weeks I wrote this message, addressing to you.

Sorry ...........

And bestwestern: I will surely bring up your issues.

Ruud (the one and only; or on the other hand: Ruud1954)

:-)

The meeting in Holland I wrote about is an initative of one of the dutch buyers and therefor especcially held for the dutch buyers. Because Alex74 inherited his appartment from a dutch familymember (that is what he wrote himself) so I assumed he would be a dutch buyer as well and therefor I signaled him this meeting. Now it seems that he is an Italian. Although I can't imagine that non-dutch buyers will be excluded from this meeting (it's an open meeting, nothing secret about it) but the meeting will logically be held in dutch.

Because I am just a 'simple dutch buyer' and have nothing to say regarding the invitation I guess only IPI can judge wheather or not other buyers are 'welcome'.

Yet  I don't feel uncomfortable about having mentioned this to this forum. And because a lot of interaction has been going on between this and the dutch forum (very good !!) it will take about 2 hours and all the details told on that meeting will be written on the english forum as well.

My point is: the meeting is held in Holland and an initiative of one of the Dutch buyers inwhich IPI is very cooperative. Therefor I guess it is expected that only dutch (speaking?) buyers will join this meeting.

HI Alex

You should just send them an email with all your questions, they usually give thorough replies.

I will contact them directly also for an up to date completion date for the Adella, i am not worried if its delayed a while I just want to ensure that when I visit zafarana that I can stay in my own apartment, having looked at the current photos I think the Adella is going to look great and could be the most attractive part of the development 

Alex74,

Why don't you come to the planned meeting in Holland on sunday 16th of november? The staff of IPI will be glad to answer all your questions?

This meeting is an initiative of the dutch site / forum administrator Bram and IPI was very willing to go along with his initiative. Besides other IPI staffmembers Oddens and the general mamager of the resort Ron Bar-El will be present.

This is a much better way to express your concerns then on an open forum.

Hi all,

The pictures from september are online at the IPI site.

Enjoy.

The first english owners also have respond  Thanks i will keep you informed

Here is the update list and lets hope we have a great christmas.

•  Bram en connie           18-12-2008 T/M 06-01-2009
•  Tony en Carola             21-12-2008 T/M 04-01-2009
•  Wim en lieneke             28-12-2008 T/M 16-01-2009
•  Hans en Petra               28-12-2008 T/M 06-01-2009
•  Peter en Jolanda          28-12-2008 T/M 04-01-2009
•  Koos                               18-12-2008 T/M 06-01-2009
•  Ruud en Petra               28-12-2008 T/M 06-01-2009
•  Myrna en Sven               Direct na de kerst
•  Mart en Helen                16-12-2008 T/M 08-01-2009
•  Joke en Dave                 24-12-2008 T/M 01-01-2009
•  Sabien and Family        20-12-2008 T/M 29-12-2008
•  Rene en Marja               Date unknown
• Pat and Andy                   23-12-2008 T/M 03-01-2009
• Dave and Michelle         22-12-2008 T/M 04-01-2009

Hi all,

Now I know this is going to sound really sad, but I have been keeping note of the maximum daily temperatures recorded at Zafarana since I chose to invest ( last August ) through to now. As a result, I have a spreadsheet that shows the actual high temperature each day , and average high temperature per month, for the entire year. This was with the aim of being able to decide the best time of year to go for my own temperature preference as well as being useful for anyone who would wish to book the apartment for a stay.

If any of you are interested, please email me and I would be only too pleased to send you a copy ( it's in excel format )

Kindest regards,

Heater  

Hi Bram

I have invested in the Adella and this part of the development will be the last to be completed, with this in mind December will be too early for me.

I will be curious to hear from you what the weather is like at that time of year as i have heard various reports, some say it will be chilly and that the swimming pools will be very cold others say it will be pleasantly warm rather than hot.

Have you been to Zafarana in December /January before?

I want to take my kids in the school Holidays and Christmas 2009 (the following year) is an option but I want them to be able to swim and enjoy the facilities etc.... 

To all,

We are on the Dutch forum busy with making a list from all the people who will visit the Resort with Christmas or / and New Year. We have already a lot of dutch on the list but no English so my question is if your also go to the resort let me know it would be nice to know with how many people we really are. We hope to get a lot of english names too i put here the names from the dutch who have made their reservations.

•  Bram en connie           18-12-2008 T/M 06-01-2009
•  Tony en Carola             21-12-2008 T/M 04-01-2009
•  Wim en lieneke            28-12-2008 T/M 16-01-2009
•  Hans en Petra              28-12-2008 T/M 06-01-2009
•  Peter en Jolanda          28-12-2008 T/M 04-01-2009
•  Koos                               18-12-2008 T/M 06-01-2009
•  Ruud en Petra              28-12-2008 T/M 06-01-2009
•  Myrna en Sven              Direct na de kerst
•  Mart en Helen              16-12-2008 T/M 08-01-2009
•  Joke en Dave               24-12-2008 T/M 01-01-2009
•  Sabien and Family      20-12-2008 T/M 29-12-2008
•  Rene en Marja              Date unknown

Hi Alex

As you are such an expert  I am surprised your relatives didn’t consult you before buying, having read your comments however I do not believe you are an expert, you constantly contradict yourself, there are quite a few of us that have invested in both Marsa Alam and also Zafarana and for you to try and totally destroy the reputation of Zafarana and then state you are thinking of selling and purchasing in Marsa Alam is ludicrous, they are so similar you cant absolutely hate one and consider the other one fantastic, as an experienced investor I am happy with Zafarana and also think Marsa Alam will be a good investment. If you are so confident that IPI are going to let us down and not build things they have promised why on earth would you consider a development by the same developer in Marsa Alam? if they were to do this on Zafarana then they would do it on Marsa Alam, in fact my only worry is they are  more likely to cut corners on Marsa Alam as the credit crunch hits and money becomes tighter..

Having invested in many properties I can guarantee that there is a person like you that pops up on a forum every time, someone trying to be clever and promote alternative developments, they are usually more clever than you however, you haven’t put much thought into your comments and you are extremely transparent, I understand that the truth is you have indeed purchased a few properties in Marsa Alam and have over committed yourself, you are now trying to drum up support for the development to help you in offloading your apartments,

Lastly I find it hilarious that you have posted in such length about your thoughts but haven’t discussed this with IPI or haven’t got an emailed response that you can copy and paste like many of our other forum members.  

Hi all,

Like most of you, I was a little perturbed after reading Alex1965's comments, and was ready to start flooding Sue and IPI with e-mails and phone calls. Alas, due to work commitments, I never got round to this. However, this gave me time to think, and reflect. I have come to the following conclusions/questions regarding Alex's comments.

Build quality -: Is Alex a sructual engineer/surveyor/architect/builder. If not, then how would he know the difference from a good build quality to a bad one. Does he know what ratio sand to cement is being used for the mortar ?, for example. What type of bricks are being used etc. Without this type of knowledge he is giving a laymans opinion.

Air conditioning -: Like most people I have had second thoughts about the lack of air conditioning in the apartments, to the point where I almost decided to pay the extra. However, I decided to trust IPI's judgement on this. I am sure they would not have marketed the resort with Thermoshield, unless they were sure it would work.

Staff infrastructure -: It has always been the case that most of the staff facilities would be off the resort site. Again, I am sure IPI will have this covered, as without staff, there will be no resort.

Completion time -: Overal I believe IPI were a bit optomistic with the original completion time. They have, however, kept investors up to speed on any revised dates. In the last news letter they state that the resort will be fuly operational in the "second quarter of 2009" which is indeed 6 months away. I am sure that this will be the case.

Cancelled ameneties -: With the uproar they caused when canceling the mini golf and salt water pool, I can't belive that IPI would cancel any other ameneties without consultation eith the investors, or offering an alternative.

There is one more important point that I feel a lot of investors who have read the negative comments on this forum are missing, Best Western themselves. This is the largest hotel chain in the world. They are in the business to make money. Do any of you seriously believe that they would have signed up to manage the resort if they thought they couldn't make a healthy profit. They must have done there research on such things as the build quality, staff infrastructure, lack of air conditioning in the apartments, ameneties etc. I am sure they have people who are a whole lot more knowledgable than Alex and probably any of the investors. Best western would have signed an agreement for a certain amount of time, this may well be several years, I am sure they have certain conditions and criterea that must be met for this to be valid, which IPI will have to adhere to. They did not get to being the biggest hotel chain by making wrong decisions. IPI would have to keep Best Western informed of any changes they wished to make, and only with ther agreement would these changes take place. If Best Western are happy that Thermoshield works, then so am I. If they are happy with the build quality, then so am I etc etc. Best Western are not only looking after themselves, but ultimately, the investors as well. They would not agree,or sign up to anything, that would cut there chances of renting the apartments/hotel rooms, as this would cut into their profits.

Hi to everyone,

I own a double bedroom garden flat in block E and I have joined the 5yrs rental guaranteed scheme. By contract the rental is guaranteed by IPI but given the balloon structure

Of the payment (most of it will be collected in the last years of the scheme) and the credit-crunch that will affect many real estate developer (in other words IPI might face increasing problem in guaranteeing the payments of the rentals) don’t you think it might be sensible getting a second layer bank guarantee ? The cost is about 850euro for the 5 years (slightly more for terrace owner … less for mezzanine) … which seem pretty reasonable to me … I have not seen anyone raising this point in past messages … pls let me know your opinions.

ciao

Alessandro

Hi Alex

I think you have a hidden agenda, and I urge anyone to treat Alex's message with caution, unfortunately people with other motives can often highjack forums for various reasons.

Alex claims to be an building expert and slams the Zafarana developers and then states he will purchase in Marsa Alam which we all know is built be exactly the same developers?.

I imagine Alex has an apartment already in Marsa Alam and knows that anyone that does a Google search for Zafarana will find this messageboard on the front page of Google and see a posting promoting Marsa Alam.

I think we all need to be careful and check things out with IPI before being negative on this board as posting the incorrect information devalues our properties and future rental income.

I am not suggesting we shouldnt debate things here but should discuss things based on fact rather than fiction, a big thanks to the people that have just checked things out with IPI and have eased our fears.

Hi all,

I have just recieved a phone call from Sue Lovett who, very kindly, preferred to talk to me direct rather than through an email.

She has confirmed the following :

For Bram and those who intend to make a visit over the Christmas period, where their own apartments will not be ready for habitation, other suitable accommodation will be made available.

The Hotel complex will be complete by then which will have available a restaurant, bar and swimming pool as well as the beach being able to be used. Sue cannot, and would be foolish to, promise that any other facilities would be available. We have all been aware of all the information above for some time, so nothing has chaged. The remainder of the site will continue to be worked on during this period of course,but, once again, anyone due to go in December were aware that would be the case.

IPI still stand by the fact that all construction work is built to European standards and are offended by any accusation to the contrary. Sue states that the people responsible for the build have been known to demolish any work that they feel does not come up to the high standard that they demand for the Zafarana complex.

Sue confirms that, as already communicated to us all, the salt water swimmimg pool and mini-golf will not be made available on the complex. Discussions are still taking place as to what facilities will replace them.

All other facilties mentioned, the Amphitheater, Squash Courts and Marina are still to be provided.

IPI were also confused regarding the availability of supervisors from the building company being able to escort anyone around the complex as the complete site was shut for the Muslim holidays and no staff would have been on site to fulfill this function.

That's all the news I have. I hope that gives you all answers to any concerns you may have had as a result of Alex's posting.

Alex, I have no reason to not believe the information in your posting but am just passing on the information given to me from IPI who, it has to be said, have always been very honest in their answers to all questions that I have asked of them in the past and have always tried to keep all investors up to date with matters concerning their investment. I hope that some of your findings are proved to be the result of incorrect information given to you so that, like the rest of us, you will be able to take advantage of, and enjoy, the benefits of the completed Zafarana Beach Resort,

Kindest regards to all,

Heater

Hi all,

I have contact Jürgen oddens from IPI and ask his responce to this matter see his mail to me and answer. sorry for the bad translation but i am in a little hurry here.

Dear Bram,

 We have been tipped also by buyers from England over this report on the forum.  We try to overtake from which corner this Action comes and can you report, that: 

 Last week no single supervisor or visitor on the site in Zafarana is been because the closed is because of end of the Ramadan and the celebration.  Remaining men is nothing known over a possible visit. 

Also insofar as known there is no death of an of the Dutch buyers.  When someone an apartment do not inherits then can this paired go without administrative help of IPI. 

It is a very ill attempt unrest to sow and have suspect we an of the source. 

With kind greeting / With child regards

IPI International Broker B. V. 

&

IPI International Property Investors B. V. 

Jürgen Oddens

Hi all,

Many thanks to Alex for your posting which raises many concerns that, of course, effect us all.

I have copied Alex's posting to Sue Lovett and Kim Bobeldijk at IPI requesting an urgent response to all the issues mentioned. Sue has replied immediately stating that she needs to discuss the content of the posting with her Head Office and will inform me of her findings accordingly.

I will, of course, let you all know IPI's response as soon as I recieve it.

Kindest regards,

Heater

Alex1965,

If this is true what you all write then the people who make a reservation for december in deep trouble. A lot of people make reservation for the comming hollidays and if there is no Restaurant, Shop, Supermarket and so on what do we have to do on the Resort?

Also you write there will be more things cancelled the saltwater pool we have heard the same with the the miniature golf, but now also the Amphitheater, the Squash courts, and the Marina  

Good evening Steve

Thanks for th post and comments following your recent visit to the resort, I am aware via IPI in regards to the mini golf and salt water pool, but this is the first I have heard on the Marina and the Amphitheater can anyone else confirm on these.