Shark’s bay is a magnificent scuba diving spot with a nice resort. It is situated north of Naama bay – about a 20 minute drive from there.
Shark’s bay resort is a very good place to stay if you are a diver: it has one of the best diving clubs in sinai, as well as some magnifican nearby diving spots. However, but if you are not a diver, or have non divers joining the trip they will probably find it boring since there's pracically nothing else to do in Shark's bay.
The Shark’s bay “hotel” offers very basic accommodations at comparatively high prices, but staying there will give you a rare opportunity to explore some of the nicest diving spots in the world with zero time to get to them every morning, and you will be able to take a rest in your room in between dives.
There is also a diver's safari boat leaving from Shark's bay, which is highly recommended.