Hurghada is a popular tourist destination with a growing expat community, offering year-round sunshine, beautiful beaches, affordable property prices, and a strong rental market, making it an attractive investment opportunity.
Investors can choose from a variety of properties, including: - Apartments - Villas - Townhouses - Beachfront properties - Commercial properties
Yes, foreigners can purchase property in Hurghada. The process is straightforward, and there are no significant restrictions on foreign ownership.
Popular investment areas include: - El Gouna: Known for luxury properties and marina views - Sahl Hasheesh: A resort area with upscale developments - Makadi Bay: Offering affordable properties with beach access - Downtown Hurghada: Ideal for those seeking urban living
- Property prices in Hurghada vary depending on location and property type: - Apartments: Starting from EGP 400,000 - Villas: Starting from EGP 1,500,000 - Beachfront properties: Starting from EGP 2,000,000
Beachfront properties offer high rental demand, stunning sea views, potential for price appreciation, and a desirable lifestyle, making them a lucrative investment.
Financing options include: - Cash purchase - Mortgage from local banks - Developer installment plans - International financing options
The process typically involves: - Selecting a property - Engaging a real estate agent - Signing a preliminary contract - Conducting legal checks - Finalizing the purchase
Key legal considerations include: - Ensuring the property is free of disputes - Verifying ownership documents - Understanding local regulations and taxes - Registering the property correctly
The Egyptian government provides a stable legal framework for property ownership, making it secure for both locals and foreigners to invest in Hurghada real estate.
Hurghada has a strong rental market due to its popularity with tourists and expats, offering high rental yields, especially for beachfront and resort properties.
Yes, there are numerous property management companies in Hurghada that offer services such as maintenance, tenant management, and rental services, making it easier for investors to manage their properties.
Ongoing costs may include: - Property taxes - Maintenance fees - Utilities - Property management fees
Yes, you can rent out your property in Hurghada. Short-term rentals are particularly popular due to the steady flow of tourists, while long-term rentals cater to expats and locals.
Returns can vary based on property type and location, but investors can generally expect solid rental income and potential capital appreciation, especially in high-demand areas like El Gouna and Sahl Hasheesh.
The cooler months from October to April are ideal for property hunting in Hurghada, as the weather is more comfortable for exploring properties and the market tends to be more active.
While Egypt doesn’t offer specific tax incentives for real estate investment, property taxes are relatively low, and there are no capital gains taxes for individual property sales.
Hurghada offers a relaxed, beachside lifestyle with opportunities for water sports, vibrant nightlife, international cuisine, and a diverse expat community, making it an ideal place for both living and investing.
Potential risks include market fluctuations, changes in local regulations, and potential challenges with property management. However, working with reputable agents and legal experts can mitigate these risks.
To find the best deals, consider: - Working with reputable real estate agents -Exploring online property listings - Visiting property expos - Networking with local expats and investors
Mangroovy El Gouna is located in Gouna, Hurghada. The developer of Mangroovy El Gouna is Mangroovy Residence.
The completion date for Mangroovy El Gouna is and the finishing for the properties are Fully Finished.
The starting price of properties in Mangroovy El Gouna is Ask for price with a price per sqm of Ask for price. The downpayment for a property in Mangroovy El Gouna is starting at Ask for price or Ask for price. The number of installments for a property in Mangroovy El Gouna is 16 installments and has a payment plan of 4 years. The monthly payment of a property in Mangroovy El Gouna Ask for price
Swan Lake El Gouna is located in Gouna, Hurghada. The developer of Swan Lake El Gouna is Hassan Allam Properties.
The completion date for Swan Lake El Gouna is and the finishing for the properties are Fully Finished.
The starting price of properties in Swan Lake El Gouna is Ask for price with a price per sqm of Ask for price. The downpayment for a property in Swan Lake El Gouna is starting at Ask for price or Ask for price. The number of installments for a property in Swan Lake El Gouna is 8 installments and has a payment plan of 2 years. The monthly payment of a property in Swan Lake El Gouna Ask for price
Makadi Heights is located in Makadi Bay, Hurghada. The developer of Makadi Heights is Orascom Development.
The completion date for Makadi Heights is and the finishing for the properties are Fully Finished.
The starting price of properties in Makadi Heights is Ask for price with a price per sqm of Ask for price. The downpayment for a property in Makadi Heights is starting at Ask for price or Ask for price. The number of installments for a property in Makadi Heights is 26 installments and has a payment plan of 6.5 years. The monthly payment of a property in Makadi Heights Ask for price
Lazuli is located in Sahl Hasheesh, Hurghada. The developer of Lazuli is Rekaz Developments.
The completion date for Lazuli is and the finishing for the properties are Fully Finished.
The starting price of properties in Lazuli is Ask for price with a price per sqm of Ask for price. The downpayment for a property in Lazuli is starting at Ask for price or Ask for price. The number of installments for a property in Lazuli is 24 installments and has a payment plan of 6 years. The monthly payment of a property in Lazuli Ask for price
Veranda is located in Sahl Hasheesh, Hurghada. The developer of Veranda is Inertia.
The completion date for Veranda is and the finishing for the properties are Fully Finished.
The starting price of properties in Veranda is Ask for price with a price per sqm of Ask for price. The downpayment for a property in Veranda is starting at Ask for price or Ask for price. The number of installments for a property in Veranda is 24 installments and has a payment plan of 6 years. The monthly payment of a property in Veranda Ask for price
Arena Blanca Resort is located in Magawish, Hurghada. The developer of Arena Blanca Resort is El Ezz Developments.
The completion date for Arena Blanca Resort is and the finishing for the properties are Fully Finished.
The starting price of properties in Arena Blanca Resort is Ask for price with a price per sqm of Ask for price. The downpayment for a property in Arena Blanca Resort is starting at Ask for price or Ask for price. The number of installments for a property in Arena Blanca Resort is 16 installments and has a payment plan of 4 years. The monthly payment of a property in Arena Blanca Resort Ask for price