Question 1

Can foreigners buy property in Hurghada?

Accepted Answer

Yes, foreigners can buy property in Egypt with approval from the Ministry of Defense for certain areas. Most touristic areas in Hurghada and the Red Sea coast are open to foreign ownership.

Question 2

What is the average property price in Hurghada?

Accepted Answer

Property prices in Hurghada range from EGP 15,000 to EGP 35,000 per square meter depending on location, proximity to the sea, and project amenities. Beachfront properties command a premium of 35–50%.

Question 3

What is the ROI on rental properties in Hurghada?

Accepted Answer

Average rental yields in Hurghada range from 7% to 12% annually, with short-term holiday rentals generating higher returns than long-term leases. Property appreciation has averaged 15–25% per year.

Question 4

What are the closing costs when buying property in Egypt?

Accepted Answer

Closing costs typically range from 7% to 11% of the purchase price, including registration fees, notary fees, and legal costs. Foreign buyers may have additional documentation requirements.

Question 5

Can I get residency by buying property in Egypt?

Accepted Answer

Yes, property owners can apply for renewable residency permits. The minimum investment threshold varies — contact our team for the latest requirements based on your nationality.

Odhad Nemovitosti