Location: Sahl Hasheesh, a prestigious coastal resort town south of Hurghada along the Red Sea.

Type: One Bedroom Apartment

Floor: 1th Floor

Gross Area: 89.79 m²

Price per m²: 68,000 EGP

Total Price: 6,105,780 EGP

Views: Pool and Sea Views



Payment Plan:

25% down payment

Equal quarterly installments over 4 years



Key Features:

Spacious one-bedroom layout with premium finishing

Access to private sandy beach and 6 swimming pools

Full access to gym, kids playgrounds, cafes, restaurants, and 24/7 security

Located in a prime resort area with easy access to Hurghada Airport and city center



Environment: Pristine beaches, crystal-clear waters, and protected coral reefs ideal for diving and snorkeling.

Residential Options: Wide range of properties including studios, apartments, townhouses, villas, and penthouses.



Accessibility: Approximately 30 minutes from Hurghada International Airport and close to Hurghada city center.





Buying Guide for Foreign Investors in Hurghada

Foreign Ownership: Freehold property ownership allowed in tourist zones like Sahl Hasheesh and Hurghada.

Residency Permits: Property buyers can obtain a renewable 6-month residency permit in Egypt.

Investment & Citizenship: Investment of $300,000+ in real estate or government bonds may lead to citizenship eligibility.



Legal Process:

Registration of contracts is mandatory for ownership protection.

Hiring a reputable lawyer is recommended for contract review and transaction management.

Required Documents: Valid passport with at least 6 months’ validity.



Payment Methods:

SWIFT bank transfers

Online payment platforms (Wise, Revolut)

Cash (limited to $10,000 or €10,000 per person on arrival)

Local bank accounts (optional)



Additional Costs:

Maintenance fees typically 8-12% of property price (usually one-time)

Optional furnishing and management fees



Resale & Rentals:

Resale before project completion may be possible, depending on developer policies.

Short-term rentals like Airbnb are allowed, providing income opportunities.



Taxes:

Minimal or no property tax on residential units

No capital gains tax for private individuals

Stamp duty of 2.5% on resale transactions

Remote Purchase: Off-plan units can be purchased remotely via video tours and online contracts, with secure payment options and post-purchase management available.