Photo credit: El Gouna Homes “With a timeshare, you’re buying time. With Seqoon, you’re buying real estate.” This is how Seqoon describes itself on its website. Summers in Egypt are, for many, characterized by time away from the bustling urban life. To give themselves a break, residents of Cairo like to travel outside of the city to spend time by the breathtaking Red Sea or the beautiful Mediterranean coast. For years, timeshares have been one of the most popular holiday phenomena in Egypt. Sometimes called vacation ownership, a timeshare is a lifetime commitment to paying for annual trips to the same resort or family of resorts, typically for one week. While a timeshare works for some, ther
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