Buying property in Egypt for foreigners

Buying property in Egypt for foreigners

Are you considering purchasing property in Egypt as an investor or foreign resident? Learn about the laws, suitable areas, prices, and ownership methods in 2025. A comprehensive guide to safely owning an apartment or villa in Egypt.

introduction

Foreigners have increasingly sought to purchase real estate in Egypt in recent years, particularly in areas such as Hurghada, El Gouna, Sahl Hasheesh, New Cairo , and the North Coast , thanks to the country’s excellent climate, competitive prices, and clear ownership procedures. But what are the requirements for foreigners purchasing property in Egypt? And where can you safely invest? This article will explain in detail.

✅ Are foreigners allowed to buy real estate in Egypt?

Yes, Egyptian law allows foreigners to own real estate in Egypt, subject to certain conditions regulated by Egyptian real estate laws , including:

• A foreigner may own one or two properties for personal residence, not for commercial purposes.

• The area of ​​a single property may not exceed 4,000 square meters .

• An ownership application must be submitted to the Ministry of Justice – Real Estate Registration and Documentation Office .

• Ownership does not necessarily mean citizenship, but it does allow for long-term residency in Egypt.

🏡 The best areas for foreigners to buy property in Egypt

1. Hurghada and Sahl Hasheesh

• Reasonable prices starting from $35,000 for a studio.

• Upscale residential complexes.

• Integrated services and sea view.

• Great European turnout (especially Germans and Russians).

2. El Gouna

• Luxury and closed area.

• Ideal for investment or residence.

• Water views and world-class resorts.

3. New Cairo / Fifth Settlement

• Close to the administrative capital.

• High-end services, international schools.

• Suitable for families residing in Egypt.

4. North Coast

• A popular summer destination.

• Prices vary depending on location and services.

• Resorts like Marassi, Fouka, Amwaj.

📋 Steps for foreigners to buy property in Egypt

1. Choosing the right property :

   • Specify your location, property type (apartment, studio, villa), and purpose of purchase.

2. Verify property ownership :

   • The property must be registered or registerable.

   • Make sure there is no lien or legal dispute over it.

3. Conclusion of a preliminary contract :

   • A preliminary sales contract between a buyer and a seller, documenting the terms and amount.

4. Opening a foreign currency bank account :

   • It is preferable that money transfers from outside Egypt be made through a verified bank account.

5. Obtaining security approval (for non-Egyptians) :

   • Routine procedure, issued within 1-3 months.

6. Property documentation :

   • The property is officially registered through the real estate registry.

💰 How much do real estate prices in Egypt cost for foreigners?

✅ Prices are negotiable, and you can pay in cash or via installments.

💼 Can foreigners buy real estate for investment purposes?

Yes, and it’s a smart choice, especially in tourist cities. Here are some reasons why:

• Possibility of renting the property daily for a return of up to 10-12% annually.

• No annual property taxes.

• Egypt is in a phase of rapid urban growth (Administrative Capital, New Alamein).

🏦 Is it possible for foreigners to pay in installments?

Yes, many real estate development companies in Egypt offer convenient installment plans, such as:

• Down payment only 10-20%

• Installments extending to 5-7 years without interest

• Immediate receipt or after one year of reservation

🌍 Nationality and residency when purchasing a property

• Purchasing a property does not automatically grant citizenship .

• But it gives you the right to obtain a tourist residence or a real estate residence .

• Some government programs offer citizenship in exchange for a larger investment (starting at $250,000).

⚖️ Important legal notes

• Always deal with a reliable real estate company .

• Check the property registration papers.

• Do not sign a contract or make any payments without first seeking legal advice.

• You can hire a lawyer or law firm to complete the procedures on your behalf.

❓Frequently asked questions about buying property in Egypt for foreigners

Can a foreigner own land in Egypt?

Yes, but on condition that it is not used for commercial or industrial purposes without a license.

Are the contracts in English?

The contract is written in Arabic, and you can request a translated copy, but the official version is always in Arabic.

How long does it take to register a property?

Usually between one to three months depending on the condition of the property.