Type: Studio Apartment

Floor: GroundFloor

Gross Area: 51.27 m²

Garden Area: 8 m² (Private Garden)

Price per m²: 69,500 EGP

Total Price: 3,704,675 EGP

Views: Pool and Garden Views



Payment Plan:

25% down payment

Equal quarterly installments over 4 years



Key Features:

Cozy studio apartment with private garden space

Access to private sandy beach and multiple swimming pools

Full range of amenities including gym, kids playgrounds, cafes, restaurants, and 24/7 security

Convenient location near Hurghada Airport and downtown



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:

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!