Hi Yogaman,
Dahab is a great spot but I don't think a walk to the blue hole would be an option unless you really like exercise its about 6-8k from Dahab itself. I don't think there are any permananet lines there the only I was one was brought by Linda from freedive dahab who I am sure will organise a training day if you wanted and not do a course. There are pontoons or obvious ways of entry into the blue hole. Don,t know about buses from Cairo as I came from Sharm you may need to check out visas for the area you are travelliing to as well.
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