Hurghada, July 26, 2007 -- Essential Egypt, the Egyptian division of Essential Worldwide, one of the leading real estate development companies with offices in Marbella (Spain) and Casablanca (Morocco), announced today another spectacular Pre-Release. After having succesfully introduced the 'Sahl Hasheesh' Resort situated just south of the city of Hurghada, it is now heading 10 minutes north by launching its luxury beachfront apartments in 'Palma Resort' in one of the more established parts of the Red Sea coast, conveniently situated between two upmarket spa hotels. With a starting price as low as €44,737 / £30,145 / $ 61,755 but of course also looking at this splendid piece of real estate - its location, quality specs, facilities & amenities - and knowing for a fact that prices will go up by 10% when this resort is going to be officially introduced on September 1, it is really a no brainer this well sell out fast. The capital growth potential here is huge as are the rental returns - approximately 9 million tourists visit Egypt each year, about 1 million being from the UK alone. Hence the rental market for quality apartments on the Red Sea coast is huge and likely to continue growing as the real estate market is continuously rising. Direct flights from Manchester and London Gatwick to Hurghada offer easy access to the pristine location where 'Palma Resort' is located. Last but not least: construction has already started while completion is expected Q1 2009.