Unit Details:
Type: One Bedroom Apartment
Floor: 7th Floor
Position: Middle Right
Gross Area: 88.23 m²
Price per m²: 68,000 EGP
Total Price: 5,999,726 EGP
Status: Released and Available for Purchase
Views: Stunning Sea and Pool Views
Payment Plans: Flexible options available with 15%-25% down payment and installments over 4-5 years
Key Features:
Spacious one-bedroom layout with modern design
Access to private sandy beach and six swimming pools
Full access to premium amenities including gym, kids’ playgrounds, cafes, and 24/7 security
Located in a prime resort area in Southern Hurghada with easy access to airport and downtown
Project Overview
This resort-style residential development in Southern Hurghada offers a luxurious living experience with 446 units including studios, one-bedroom apartments, luxury villas, and penthouses. The project is set along Magawish Road, a prominent area known for its picturesque Red Sea coastline and proximity to established resorts.
Residents will enjoy:
Private sandy beach spanning 1,300 m²
Six swimming pools including children’s pools
Landscaped gardens and jogging tracks
Cafes, restaurants, retail shops, and concierge services
Secure parking and 24/7 security
Modern gym and health club facilities
Easy access to Hurghada Airport (19 minutes), downtown (15 minutes), and hospitals (10 minutes)
Stunning views of both the Red Sea and resort pools
The development is currently under construction with an expected completion date in 2026, offering high-end finishes and a tranquil lifestyle by the sea.
Buying Guide for Foreign Investors in Hurghada
Ownership:
Foreigners can acquire freehold property in this tourist-designated zone.
Ownership grants eligibility for a renewable 6-month residency permit in Egypt.
Investment & Citizenship:
Buying property worth $300,000+ can be a pathway to Egyptian citizenship after meeting criteria.
Legal Process:
Contracts must be officially registered in Egypt for legal protection.
Hiring a trusted lawyer to oversee contracts and transactions is highly recommended.
Documentation:
A valid passport with at least 6 months’ validity is required.
Payment Methods:
Bank transfers via SWIFT
Online payment services like Wise or Revolut for lower fees
Cash payments (limited to $10,000 or €10,000 per person on arrival)
Local bank accounts (optional)
Additional Costs:
Legal fees approximately €500–€1,000
Maintenance fees ranging from 8% to 12% of the unit price (usually a one-time payment)
Optional expenses for furnishing and property management
Financing:
Mortgages are rare for foreigners; installment plans with developers are common and flexible.
Resale & Rental:
Resale before project completion may be possible depending on developer policies.
Short-term rentals such as Airbnb are permitted, making this a good investment for rental income.
Taxes:
Low property tax or none on residential homes.
No capital gains tax for private individuals.
A 2.5% stamp duty may apply on resale transactions.
Remote Purchase:
Buyers can purchase off-plan units remotely through video tours and online contracts.
Payments can be securely made online, with handover and furnishing arranged later.
If you would like assistance with reserving unit B1-1-2 or need further advice on the purchase process, feel free to contact me!