Property Abroad
News
Why does Hurghada attract tourists and investors from Russia?

Why does Hurghada attract tourists and investors from Russia?

Why does Hurghada attract tourists and investors from Russia?
  • Why you should visit Hurghada: a paradise for tourists and vacation opportunities
  • How is Hurghada attracting investors and changing the interests of Russians?

The Charm of Hurghada

In the vast expanses of the azure sea, surrounded by warm and secluded beaches, there are cozy hotels offering not only familiar dishes but also unique masterpieces of Eastern cuisine. Immersing oneself in the exoticism of Luxor, the opportunity to ride a camel and see the majestic pyramids—all of this attracts numerous tourists from various corners of Russia.

Rest in this region is unique.accessibilityWhat makes it popular even for those on a tight budget. For many, Hurghada has become the first and most affordable foreign destination, leaving memories for a lifetime. It was previously believed that "Egypt is Cairo," but in the last fifteen years, the statement "Egypt is Hurghada" has been heard more and more often.

Historical significance and development

It should be noted that Russian entrepreneurs have been able to effectively leverage all the advantages of this sector. During the Soviet era, there were many specialists with experience working in the Middle East, and a significant number of people spoke Arabic, which allowed for the establishment of companies that organize trips.

Tourists arriving in Hurghada feel comfortable from the very first days, as they don't have to rely solely on their knowledge of English or gestures for communication. The city has qualified professionals ready to assist.

Advantages of the resort

  • Availability:Hurghada boasts an international airport that receives direct flights from Russia.
  • Climate:The favorable climate is well received by Russian travelers: it features warm and dry desert air, while sea breezes provide comfortable conditions.
  • Temperature:Summer temperatures can reach 40 degrees, but such heat proves to be quite tolerable.
  • Amenities:Dealing with the heat is quite easy — just drink the local mineral water and protect your skin from the sun with special creams.
  • Rest time:You can enjoy the sea throughout the entire vacation, which usually lasts about 10 days.

Active recreation and entertainment

Hurghada can be called the unofficial capital of the Red Sea. The city is situated in such a way that it is easy to reach the most interesting spots for diving, as well as secluded places with uninhabited reefs and islands. Tourists arriving in Hurghada can enjoy a variety of water activities:

  • Windsurfing
  • Deep sea fishing
  • Diving

Diving is especially popular here, and all the necessary infrastructure for it is well developed. Unfortunately, some vacationers can be too relaxed, but if you're not aiming to become a famous diver like Jacques Mayol, then you're probably not in any danger.

Excursion opportunities

For those who seek variety and don't want to stay in one place, excursions to the deserts and mountains surrounding the Red Sea are offered. You can visit the nearby monasteries of Saint Anthony and Saint Paul to admire their magnificent frescoes.

This amazing part of the world offers many opportunities for a wide variety of adventures and exploring new cultures, making it especially attractive to travelers.

Archaeological heritage and modern entertainment

In close proximity to the famous Gebel Abu Duhhan, there is a historical quarry where archaeological research is currently being conducted. This site is a must-visit, especially for those who are passionate about the history of Egypt. Hurghada is also a popular destination for golfers from around the world; it features a renowned resort complex with a top-notch golf course located in El Gouna, about twenty-five kilometers from the city itself.

Changes in the interests of Russians

If earlier Russians came to Hurghada mainly to enjoy a beach holiday, since the early 2000s there has been a noticeable increase in interest in purchasing real estate.

Recommended real estate
Buy in Italy for 268506£

Sale flat in Bologna 338 317,00 $

2 Bedrooms

1 Bathroom

117 м²

Rent in Italy for 14000€

Rent flat in Florence 14 700,00 $

3 Bedrooms

3 Bathrooms

239 м²

Rent in Italy for 47360€

Rent house in Naples 49 728,00 $

4 Bedrooms

4 Bathrooms

385 м²

Buy in Italy for 489369£

Sale flat in Rome 616 604,00 $

1 Bedroom

1 Bathroom

77 м²

Buy in Italy for 1000000€

Sale flat in Ozanka 1 050 000,00 $

8 Bedrooms

3 Bathrooms

500 м²

Buy in Italy for 639299£

Sale flat in Rome 805 516,00 $

1 Bedroom

3 Bathrooms

190 м²

This can be explained by several factors:

  • Some Russians have started investing in businesses in this region and buying apartments.
  • Others are tired of constantly renting hotel rooms.
  • There are also investors who are counting on future price increases in the real estate markets in Egypt.

This approach is quite justified: the cost of housing in this country is steadily rising, and, importantly, it seems very affordable to Russians.

Real estate prices

For example, you can purchase a new villa with an area of 200-300 square meters for a sum starting from400 to 500 thousand dollarsApartments with an area of about 100 square meters will be slightly more expensive and will cost approximately100 thousand dollarsAdditionally, there is the possibility of purchasing land plots. Prices can vary, but generally, they are around60-70 thousand dollarsIt will be enough to purchase a good plot of land measuring about 1000 square meters.

History of Hurghada

Two decades ago, Hurghada was a small fishing village struggling with a lack of resources. Significant investments in the city's development began to arrive in the late 1980s from businessmen in Arab countries, followed by Europeans, particularly companies from Germany, Italy, and Belgium. Joint efforts to develop infrastructure, such as roads, communications, and modern hotels, radically changed the city's appearance.

Tourism sector and local residents

Local workers in the tourism sector are gradually mastering the basics of English, German, and Russian, although some specialists still struggle to clearly articulate concepts related to the cost of their services. However, waiters, drivers, and vendors are friendly, and with persistent communication, tourists can achieve their desired outcomes when interacting with locals.

Investor support

It should be noted that the authorities in Hurghada actively support investors by offering a variety of tax incentives for developers. This helps to attract financial injections into the region. Europeans sometimes notice that a lot of built houses remain unfinished. This is due to the fact that developers can have difficulties, and an interesting point arises: during construction, there are tax breaks, and therefore Egyptians try to prolong the construction process as long as possible.

The future of the region

In recent years, investments in Hurghada have continued to flow in high volumes. The growing interest in the real estate market is creating increased demand for properties, which undoubtedly contributes to the further development of the region.

Why does Hurghada attract tourists and investors from Russia?

Conclusion

In conclusion, it can be confidently said that Hurghada has transformed from a modest fishing village into one of the most popular resorts in the world. It has become a true gem for Russian tourists, offering them an affordable and vibrant vacation that combines elements of comfort, adventure, and exoticism.

This is a city where everyone will find something for themselves: from relaxing beach vacations to active water sports and exciting tour programs.InfrastructureDesigned with all the needs of tourists in mind, this resort is particularly appealing.

Prospects and investments

Nevertheless, against the backdrop of the tourism boom, Hurghada has also attracted the attention of many investors looking to invest in local real estate.Real estate market developmentopens new horizons for those seeking stable investments and the opportunity for their own apartments on the shores of the Red Sea.

Why you should choose Hurghada:
  • Affordable prices for vacations and accommodation.
  • A variety of entertainment and outdoor activities.
  • Modern infrastructure for the convenience of tourists.
  • Opportunities for real estate investment.

Undoubtedly, Hurghada will continue to delight its visitors in the future, creating new opportunities for recreation and investment.

Result

So, when you are thinking about your next vacation or looking for lucrative investment projects, Hurghada, with its sunny beaches and vibrant cultural life, once again appears on the horizon as a great choice. This resort continues to evolve and as someone who has taken the time to explore it, I can confidently recommend it to anyone looking for quality vacations and new opportunities.

Calm waters of the Red SeaThey are waiting for you, and Hurghada is that very bright spot on the map that will leave you with unforgettable memories.

Comment