Real Estate in Egypt

🇪🇬 What to Know Before Buying Property in Egypt?

Egypt is the largest economy in North Africa and one of the most dynamic markets in the Middle East. The country occupies a strategic position between Africa, Asia, and Europe, linking the Mediterranean and Red Seas via the Suez Canal — a critical global trade artery.

Egypt’s area is 1,010,000 km², population 112 million, capital Cairo.
The official language is Arabic, but English and Russian are widely spoken in tourist and investment zones. The currency is the Egyptian pound (EGP); the exchange rate was stabilized after the 2023 reforms, creating favorable conditions for foreign buyers.

Egypt’s economy ranks among the top five in Africa; GDP exceeded $470 billion (IMF, 2024), growing 4.2–4.5% annually. Key drivers: construction, logistics, tourism, and energy. The Egypt Vision 2030 program focuses on infrastructure, housing, and attracting foreign investment.

The climate is tropical to subtropical, dry and sunny, with 340+ clear days a year. Winter coastal temperatures stay around +21…+25°C, summer +30…+35°C, and Red Sea water doesn’t drop below +24°C even in January. Thanks to its mild weather, Egypt is considered a year-round destination for living and investing.

The cost of living is 2–3× lower than in Europe or the UAE. For example, monthly family expenses are $1,000–1,200, and a seafront apartment rents from $300. This appeals to buyers seeking affordable seaside housing, passive income, and the option to relocate to a warm climate.

The property market is stable: according to CAPMAS, housing prices rose 12–15% in 2024, and foreign transactions increased by 30%+. Resort areas such as Hurghada, Sahl Hasheesh, El Gouna, Sharm El Sheikh, and the North Coast are growing rapidly. Today, Egypt combines low entry costs, booming tourism, and strong investment prospects on the coast.

🌴 Where to Buy Property in Egypt and How the Resorts Differ

Egypt’s real estate market splits into two main categories — Red Sea (tourism, rentals, leisure) and Cairo / North Coast (business, long-term living).

• Hurghada — the most popular destination among foreigners. Studios from $25,000, well-developed infrastructure, easy processing.
• Sahl Hasheesh — a gated luxury resort 20 km from Hurghada. Seafront apartments, new residential complexes, projects by international developers.
• El Gouna — the “Egyptian Venice,” a premium resort with marinas, schools, and clinics. Property from $150,000, 8–10% annual yields.
• Sharm El Sheikh — prestigious Sinai coast, popular with Europeans. Many apartments and villas with panoramic sea views.
• Cairo & the New Administrative Capital — a growing urban market with business-class and luxury complexes and active construction.

A key advantage of Egypt: you can buy a turnkey seafront apartment with amenities and start renting immediately after the deal closes.

🌞 Why Choose Egypt for Relocation and Investment

1. Climate & Environment.
Warm and sunny year-round. Even in winter, temperatures rarely dip below +20°C. The air is dry and particularly healthy on the Red Sea coast, with minimal humidity and pollution.

2. Cost of Living.
Egypt is among the top 10 most affordable countries for housing and living costs. Rent, groceries, services, and utilities are cheaper than in Turkey, the UAE, and Europe. Example: a Hurghada apartment bought for $40,000 rents for $400–500/month, providing steady income.

3. Infrastructure Development.
New highways, airports (Hurghada, Marsa Alam, Sharm, Cairo), telecoms, and tourism fuel property price growth.

4. Simple Rules for Foreign Buyers.
 Law allows 100% foreign ownership, and transactions typically take 7–14 days.

5. Relocation & Living.
 Foreigners can obtain residency through property purchase and can also open a tourism-related business.

🏗️ Developers and Projects in Egypt

Dozens of developers operate in the market; we cooperate only with those who have transparent reputations, deliver on time, and register documents with the Land Registry.
Notable developers: Orascom Development (El Gouna), Pyramisa, Tameer, El Kawther Group, MG Developments, Home Real Estate, Palm Hills.

Property formats:
Apartments, duplexes, villas, penthouses, and completed seafront complexes with pools and professional management. Installments up to 3–5 years, interest-free, with 10–30% down payment. Many properties are sold fully furnished and include income programs.
We source affordable developer stock and seafront villas, conducting legal checks and supporting you at every stage.

⚖️ How a Foreigner Can Buy Property in Egypt

Egyptian law allows foreigners to own no more than two properties nationwide, typically with full freehold rights. Registration goes through the Ministry of Justice with notarial certification.

Key steps:

1. Select a property and sign a preliminary agreement.
2. Verify developer and property documentation.
3. Make staged payments (or use installment plans).
4. Register the transaction with the Land Registry.
5. Receive the title deed.

We and our partners support you at every step: contract review, coordinating payments, title registration, and, if needed, engaging a Cairo-based lawyer.

📈 Yields and Taxes

• - Rental yields:6–10% annually.
• - Capital appreciation:10–15% per year.
• - Property tax:0.1–0.2% per year.
• - Sale tax:none for individuals.

Top yields are typically in Hurghada and El Gouna, thanks to consistent tourism and strong domestic demand.

🎯 Main Reasons People Buy Property in Egypt

1. Investment for rental income.
   Studios and apartments in Hurghada and Sahl Hasheesh offer steady returns; year-round tourism allows for professional management.
2. Capital growth.
   Buying at early stages can deliver +25–30% by handover.
3. Relocation & seaside living.
   Clients choose Egypt for low expenses, sun, and the sea. Seafront homes cost far less than in Turkey or the UAE and are freehold.
4. Residency via real estate.
   Purchases can grant residence permits up to 5 years, especially appealing to CIS citizens.
5. Diversification & reserve property.
   Egypt is an accessible way to allocate capital into a resilient market less tied to European cycles.

⚖️ Risks and How We Mitigate Them

The market is open, but local legal nuances matter: title formalities, project delivery timelines, and foreign-currency transfers. We work only with vetted developers and partners who provide complete documentation and delivery guarantees, checking:

• - Land and project registration;
• - Sale-purchase agreements and payment schedules;
• - Developer reputation;
• - Documents required for subsequent residency.

🤝 How We Work — From Selection to Handover

We don’t just find listings — together with partners we escort the transaction end-to-end:

• - Analyze your goals: investment, relocation, income, or reserve asset;
• - Match locations and developers to your brief;
• - Calculate ROI, payback, and risks;
• - Review contracts and property documents;
• - Enable remote purchase;
• - Connect partners for letting and property management.

Support is transparent and does not require direct buyer fees. You get vetted options and full support — from consultation to keys-in-hand.