Hurghada Property Prices: Your Guide to 2024 Market Trends – Hurghada’s real estate market offers a wide range of properties at competitive prices, making it a hotspot for buyers and investors. This guide explores Hurghada property prices for apartments, villas, and commercial spaces, along with ROI projections, top locations, and payment plans. Whether you’re a first-time buyer or a seasoned investor, this data-driven analysis will help you make informed decisions.
🏡 Why Hurghada Property Prices Are Attractive
- 💰 Affordable Entry: Studios from $60,000 – 40% below Mediterranean markets
- 📈 Steady Growth: 6.7% annual price increase (Egypt’s highest)
- 🏖️ Tourism Boost: 5M+ visitors in 2023 drive rental demand
- 🌍 Foreign-Friendly: Non-residents can own freehold properties in 12+ zones
📊 2024 Hurghada Property Price Overview
| Property Type | Price Range (USD) | Price/m² | Down Payment | Installment Plan | Projected ROI |
|---|---|---|---|---|---|
| 1-Bed Apartment | $80K–$150K | $1,300–$1,800 | 10–15% | 5–7 years | 8–10% |
| 3-Bed Villa | $300K–$600K | $1,100–$1,500 | 15–20% | 6–8 years | 6–9% |
| Commercial Space | $200K–$1.5M | $1,800–$2,500 | 20–25% | 4–10 years | 7–12% |
Source: Hurghada Real Estate Regulatory Authority (HRERA) Q2 2024 Report
📍 Top Locations and Their Property Prices
🌐 Sahl Hasheesh: Luxury Living
Beachfront villas starting at $500,000. Average ROI: 10%.
🌐 El Gouna: Lakeside Lifestyle
Modern apartments and villas near golf courses ($150K–$600K).
🌐 Downtown Hurghada: Urban Convenience
Affordable options near Senzo Mall and the marina ($80K–$200K).
📈 Factors Influencing Hurghada Property Prices
- 🏗️ Infrastructure Projects: $2.1B invested in coastal developments
- 🏖️ Tourism Growth: 5M+ visitors in 2023 drive demand
- 🌍 Foreign Investment: 65% of luxury villas sold to EU/Russian buyers
- 📜 Government Policies: Tax incentives and freehold ownership for foreigners
🏗️ Trusted Developers and Their Pricing
- 🏆 Red Sea Developments: Coral Marina – 1-bed units from $150K
- 🏆 Orascom Development: El Gouna Hills – 3-bed villas from $400K
- 🏆 Talaat Moustafa Group: Stella Heights – 2-bed apartments from $120K
📅 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
- 🏢 Maintenance Fees: Annual costs range from $500–$5,000 for shared amenities
🤝 Horizon Real Estate: Your Pricing Partner
We simplify the process 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: Hurghada Property Prices
What’s the average price of a 1-bed apartment in Hurghada?
$80,000–$150,000, depending on location and amenities.
Are Hurghada property prices expected to rise?
Yes, with 6–8% annual growth projected through 2026.
Can foreigners buy property in Hurghada?
Yes, in designated freehold zones like Sahl Hasheesh and El Gouna.
