Buying Property in Hurghada: Your Gateway to Red Sea Real Estate – Hurghada’s property market offers a unique blend of affordability, luxury, and high returns, making it a top destination for investors and homebuyers. Whether you’re seeking a vacation home, rental property, or long-term investment, this guide covers everything you need to know about buying property in Hurghada, from legal steps to price trends and expert tips.
📈 Why Buy Property in Hurghada?
Hurghada’s real estate market is thriving due to:
- 💰 High ROI: Residential properties yield 8–12%, while commercial spaces earn 10–15% annually.
- 🏖️ Tourism Growth: 5M+ visitors in 2023 drive demand for short-term rentals and hospitality.
- 🏗️ Infrastructure Upgrades: New highways, marinas, and airport expansions enhance accessibility.
- 🌍 Foreign-Friendly Policies: Non-Egyptians can own freehold properties in designated zones.
🏠 Types of Properties to Buy in Hurghada
- 🌊 Beachfront Properties: Villas and apartments with sea views ($200,000–$1M).
- 🏬 Commercial Spaces: Retail shops and offices ($150,000–$500,000).
- 🏨 Tourism Properties: Hotels and serviced apartments ($300,000–$1M).
- 🏡 Gated Communities: Secure compounds with shared amenities ($150,000–$600,000).
💰 2024 Price Overview for Hurghada Properties
| Property Type | Price Range (USD) | Size (m²) | Annual ROI |
|---|---|---|---|
| 1-Bed Apartment | $80,000–$150,000 | 60–100 | 8–10% |
| Retail Shop | $150,000–$300,000 | 50–150 | 10–12% |
| 3-Bed Villa | $300,000–$600,000 | 200–400 | 6–9% |
📍 Prime Locations to Buy Property in Hurghada
🌐 Sahl Hasheesh: Coastal Luxury
Gated communities with beachfront villas starting at $500,000. Average ROI: 10%.
🌐 El Gouna: Lakeside Living
Modern apartments and villas near golf courses and marinas ($150,000–$600,000).
🌐 Downtown Hurghada: Urban Convenience
Affordable options near Senzo Mall and the marina ($80,000–$200,000).
📝 Legal Steps for Buying Property in Hurghada
1. Verify Developer Credentials
Ensure the developer is licensed by NUCA (New Urban Communities Authority).
2. Conduct Due Diligence
Check title deeds, zoning laws, and property ownership history.
3. Sign the Sales Contract
Work with a lawyer to review terms, payment schedules, and penalties.
4. Register the Property
Pay registration fees (3% of property value) and obtain the title deed.
🏗️ Top Developers in Hurghada
- 🏆 Red Sea Developments: Known for Coral Marina and Sahara Heights.
- 🏆 Orascom Development: Builder of El Gouna’s upscale communities.
- 🏆 Talaat Moustafa Group: Delivers projects like Al Rehab Downtown.
📅 Payment Plans & Financing Options
- 🔑 Low Down Payments: 10–15% upfront, with installments over 5–7 years.
- 🏦 Bank Mortgages: CIB and QNB offer loans at 8–10% interest for non-residents.
- 💳 Currency Flexibility: USD or EUR pricing to avoid EGP volatility.
⚠️ Key Considerations for Buyers
- 📉 Oversupply Risks: Research occupancy rates in secondary areas.
- 📜 Legal Checks: Verify developer licenses with NUCA (New Urban Communities Authority).
- 🏢 Maintenance Fees: Annual costs range from $500–$5,000 for shared amenities.
🤝 Horizon Real Estate: Your Buying Partner to buy property in Hurghada
We simplify the process of buying property in Hurghada with:
- 🔍 Tailored Searches: Match properties to your budget and goals.
- 📑 Legal Support: Title deed verification and contract reviews.
- 📊 Market Reports: ROI forecasts based on tourism and rental trends.
📞 Contact Us Today!
- 📞 Call: 01004545121
- 📧 Email: info@thehorizonrealestate.com
- 📍 Visit: Marina Boulevard, Sahl Hasheesh, Hurghada
❓ FAQ: Buying Property in Hurghada
Can foreigners buy property in Hurghada?
Yes! Foreigners can own freehold properties in designated zones like Sahl Hasheesh and El Gouna.
What are the legal steps for buying property?
Verify developer credentials, conduct due diligence, sign the sales contract, and register the property.
Are there hidden costs when buying property?
Expect registration fees (3% of property value) and annual maintenance costs.
