The Kamareia Resort is a new and unique real-estate project located in the highly popular town of Hurghada, along Egypt’s stunning Red Sea coast. Located in Hurghada’s select Intercontinental Zone, this beautiful resort sits just 570 meters away from the famous Hotels Promenade, 800 meters from the beach front, 5 minutes from the Airport, and 10 minutes from downtown Hurghada.

The enclosed residential community has the priviledge of overlooking some of Egypt’s most fantastic landscape, in addition to the outlook of three swimming pools. Readily available in Kamareia are a host of attractive and tempting leisure, relaxation and sports facilities, and the resort is attached to a 3 star hotel with an extended pool area.

The Benefits of Ownership in Kamareia

* There is a financing option for the client, through the Amlak Co, of up to 20 years.
* The resort offers the residents an array of wonderful benefits through the attached 3 star hotel and resort facilities.
* Fruitful rental opportunities are available to owners at Kamareia - accredited by the country’s year-long holiday season, the supreme coral and sea-life wonders and diving opportunities, and the bonus of the attached hotel.
* The choice of 3 luxury swimming pools in the resort.
* Use of the hotel facilities and outlets; health clubs, sports courts, restaurants, a coffee shop and a lovely fun, safe children’s playground.
* There is ’round the clock’ security in Kamareia.
* Residents gardens are lovingly tended to by the resorts professional gardeners all the year round.
* A team of highly trained technicians specialising in different fields, is available ‘on call’ at any hour of the day or night, to maintain residents properties to the very highest of standards.
* Internal telephone connection between the units and the hotel.
* Kamareia has its own shuttle bus available at all times to transfer visitors to and from the Airport.
* The resort has its very own private sandy beach just metres away. The resort also provides a Cyber Cafe, a Resort Clinic (both open all hours day and night), a supermarket, a pharmacy, a central satellite service, use of the wireless LAN internet connection and individual house-keeping for each property.
All of the above mentionned benefits are provided for a small annual maintenance fee payable in advance.

The breathtaking town of Hurghada along the shores of the Red Sea, with its spectacular sunny blue skies and golden sandy beaches, really is a PARADISE for leisure-seekers and fun-lovers alike. Along these shores and amongst the most favourable resort complexes in Hurghada, is the new luxury resort of Kamareia.

The Resort offers its owners a wide variety of services and facilities through its management and attached 3 star hotel. It is a very short ride from Hurghada International Airport (3.8 kms) , and only 7 minutes from the main commercial centre of Hurghada.

It’s moderate climate and enchanting natural beauty blend together to charm its visitors, water temperatures range between 18 °c and 21°c in winter , 21°c and 26.5 °c in summer, underwater visibility is excellent up to 30 meters and diving is possible up to 45 meters. Hurghada is one of the most popular diving resorts in the world due to these crystal clear warm waters and phenomenal underwater wildlife. 

“The Kamareia resort is a rare red sea treasure. Its concept is based on establishing a one-of-a-kind resort in a truly unique location and with its own special identity. The enclosed residential community disposes over a picturesque view of green landscape that sparkles under the moonlight . This moonlight jewel of a resort was designed to be the main gate to visitors as it is located just 5 minutes from Hurghada airport and is easily accessible by land through the tourist route that provides distinct services to travellers. Kamareia is a well established resort that provides magic under Hurghada’s sunny climate and sparkling moon.”

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With its strengthening economy, the country is an ideal choice whether looking to invest or buying a holiday home, thanks to its all year long holiday season, easy access to Europe, fascinating history and clear warm seas surrounding beautiful beaches. For these reasons, there is a very strong demand for holiday rental accommodation in Egypt - it is a real favourite destination for visitors and holiday-makers. This results in stronger rental yields from holiday homes, and the overall strengthening of a large portion of the market for investment property. For accessibility purposes, it is important to highlight that the low-cost airline carriers Easyjet now operate frequent flights from the United Kingdom and elsewhere to Sharm El Sheikh – one of the country’s most popular resorts along the Red Sea coast. These good value flights to Egypt will certainly be highly beneficial to property buyers here bringing even greater demand for holiday accommodation and maintaining the property market’s strength and stability.

In continuation, incentives for investing in Egyptian real estate go beyond the favourable climate and rich culture. The booming tourist industry is creating a demand for property that is cheap to buy and yet attracts high rental rates. Egypt also has excellent transport links to Europe, Africa and the Middle East, making it the perfect location for a wise property investment. Attractions such as the Pyramids of Giza, cruises along the River Nile and the opportunity to dive amongst the coral reefs of the Red Sea Riviera bring in over 8 million tourists a year. In addition to this there has been a massive cash injection into projects aimed at the tourist industry which also promises to improve the existing infrastructure. Buying a property in Egypt is a timely and wise monetary investment. Apartments are available for under £20,000 and have low running costs; combine this with a realistic goal of all year round rental opportunities and you can expect a good return on your investment. Make the most of an opportunity to invest in a country that boasts both the Red and the Mediterranean seas, and where the deserts meet delta; invest in Property Egypt today.

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The welcoming and impressive entrance to the Red Sea Beach Resort has been decorated with a water pond, which is characteristic of the region, the Hotel is surrounded by a promenade which meanders through the entire resort. There are quaint outdoor cafes, restaurants and shops, in fact everything you could possibly desire in order to make your dream holiday a reality. You can sit and relax in the resorts lounge club and take in the beautiful views, while enjoying a refreshing cocktail. In addition to the recreation areas there are swimming pools complete with water slides and water attractions.

The Red Sea Beach Resort which extends from the sandy white private beach to the bright blue sea, offers fantastic sport and recreational possibilities on the beautiful white beaches, on the water surface and especially below the waves! The resort also has its own professional diving school with PADI instructors (Professional Association of Diving Instructors) which offers you the chance to explore the breathtaking underwater worlds that the Red Sea has to offer.

Key Points

• Apartments starting from just €29,990
• 300 metres of private beach
• Some of the best diving in the world at your door step
• Air Conditioning included
• 10 year Bank Backed Rental Guarantee at 8% p.a. available for 2 bed apartments!
• 10 year Rental Pool option available for all property types
• Choose from any property in the resort
• The Resort is under Dutch management
• True penthouses with roof top terrace (all penthouses have sea views)
• Interior warranty - Furniture and interiors fully insured for the 10 year term (breakages replaced for free)
• Purchase guarantee - The Developer guarantees to resell your property if you are not satisfied
• Every facility you could hope for from Spa to Diving School!
• NO annual costs for 10 years if utilising the rental guarantee or pool system
• Freehold ownership
• Full due-diligence report available on request
• Unique beach lodges instead of the ‘normal’ villa!
• Close to Marsa Alam International Airport
• All funds held in third party Escrow facility for protection of client funds
• 5 weeks personal usage permitted with guarantee & pool rental options
• Investors receive a VIP card credited annually for 10 years ( to be spent within the resort)
• Capital appreciation expected to be within the region of 8 to 12% per annum
• Superb front line beach location
• High quality affordable furniture packs
• The Red Sea Beach Resort is an official sponsor of the environmental organisation HEPCA, whose mission is to protect and preserve the Red Sea coastline, the coral reefs and the marine life!!
• The developer is a Mondi Professional
• The developer is a member of the Association of International Property Professionals AIPP

Location Map

The Red Sea Beach Resort is located 15km south of Marsa Alam and approximately 60 kms away from Marsa Alam International Airport.

Project Features

• Spectacular views
• Air conditioning in all apartments
• Spa, wellness, hair salon, massage and beauty centre
• Restaurants, cafes and lounge bars
• 24-hour Reception & Room service
• Laundry service
• 24-hour Security service
• Lifts
• Children’s playground
• 300 metres of private sandy beach
• 7 Swimming pools
• Coral reef situated directly in front of the beach
• Landscaped botanical gardens complete with ponds and fountains
• Internet available in all apartments
• On site medical facilities
• Supermarket
• Cinema
• Car rental and shuttle services 
• Travel and excursion agency
• Camel, quad or jeep safari experience
• Fishing
• Beach sports
• Para-sailing, water skiing, scuba diving and snorkeling
• Kite and wind surfing
• Catamaran and sailboats
• Two private Jetties
• Diving and water sports shop
• Approved Diving school (PADI - Professional Association of Diving Instructors)

Pricing

1 Bed Hotel-suite: from 26,163 GBP - 29,990 EUR - 39,095 USD

1 Bed Hotel-suite luxe: from 31,398 GBP - 35,990 EUR - 46,917 USD

1 Bed Garden Apartment: from 33,142 GBP - 37,990 EUR - 49,524 USD

2 Bed Garden Apartment: from 48,846 GBP - 55,990 EUR - 72,989 USD

1 Bed Middle Apartment: from 28,780 GBP - 32,990 EUR - 43,006 USD

2 Bed Middle Apartment: from 43,611 GBP - 49,990 EUR - 65,167 USD

1 Bed Penthouse: from 34,887 GBP - 39,990 EUR - 52,131 USD

2 Bed Penthouse: from 61,059 GBP - 69,990 EUR - 91,239 USD

2 Bed Beach Lodge: from 87,231 GBP - 99,990 EUR - 130,347 USD

3 Bed Beach Lodge: from 104,679 GBP - 119,990 EUR - 156,419 USD

Payment Options

Option 1

Reservation Fee - €1500 - Upon reservation

Balance - 100% - less reservation fee On signing Contract (Usually within 3 weeks)

Option 2

Reservation Fee - €1500 - Upon reservation

1st Installment - 25% - During construction

2nd Installment - 25% - During construction

3rd Installment - 25% - During construction

Final Installment - 25% - On Completion

Furniture Packs

1 bed Hotel-suite €5,999

1 bed Hotel-suite luxe €6,499

1 bed Garden Apartment €6,999

2 bed Garden Apartment €9,999

1 bed Middle Apartment €6,499

2 bed Middle Apartment €8,499

1 bed Penthouse €7,999

2 bed Penthouse €12,499 

2 bed Beach Lodge €11,999

3 bed Beach Lodge €14,999

Rental Options

1. Rental Pool (available for every property in the resort) - available for 10 years.
Conservatively estimated at 10% net based on 20 weeks occupancy. Obviously this method allows for far greater returns depending on the amount of personal use and the actual occupancy levels for the resort. The Rental Pool option provides the most flexibility if longer personal usage periods are required.
2. Rental Guarantee (2 bed apartments only) - available for 10 years.
The Rental Guarantee option allows five weeks personal usage each year.

Guaranteed net returns

• Year 1 - 8%
• Year 2 - 8%
• Year 3 - 8%
• Year 4 - 8%
• Year 5 - 8%
• Year 6 - 8%
• Year 7 - 8%
• Year 8 - 8%
• Year 9 - 8%
• Year 10 - 8%

Investors have the option to secure the above returns by way of a Bank Guarantee.

The rental guarantee comes in to effect 18 months after the full balance payment has been received (regardless of construction status).
Furniture packs must be purchased if utilising either of the above rental options.

Photo Gallery (Click to enlarge)

Actual Beach

Private Coral Reef

Project Layout

Bedroom Interior

Beach Front Lodge

Marsa Alam

Marsa Alam is truly a tropical paradise. Only a few years ago no one had heard of this small fishing village with its palm trees, mangroves and coral reefs. Marsa Alam has undergone a veritable metamorphosis in a very short space of time and yet it is still considered a peaceful tourist seaside resort where Egyptian culture can still be felt.
The Red Sea is renowned as one of the best diving areas in the world and Marsa Alam is the ideal location to enjoy the beautiful coral reefs and the myriad of fantastic fish. The Red Sea Beach Resort is proud to be an official sponsor of the environmental organization HEPCA who strive to protect and preserve the Red Sea coastline, the coral reefs, marine life and the animal world.

For enquires please fill out the form below (Your private details will not be published)

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Guaranteed Rental 5% - 6% For 2 Years

Prices starting from €975 Sq.M (At least 20% below comparable locations)

Sahl Hasheesh on Egypt’s Red Sea coast is widely regarded as the world’s most glamorous new property hot spot.  This stunning development offers a wide range of properties comprising Studios, 1, 2 & 3 bed Apartments and 3 & 4 bed Twin-houses which have a roof terrace with Jacuzzi.

Paradise Gardens is ideally located close to one of the largest beaches in Sahl Hasheesh, three manicured 18-hole golf courses complete with fully equipped golf academies and Sahl Hasheesh Old Town with its vast array of restaurants, shops, leisure facilities and Marina. For the Golf enthusiast there are up to eight planned Golf courses at Sahl Hasheesh. Other beautiful Golf courses are to be found in the surrounding area, such as the Golf Club in El Gouna and The Cascades Golf Club in Soma Bay designed by Gary Player.

Blue sea and the largest beach in Sahl Hasheesh on one side, Golf on the other, beauty and luxury in between - Paradise Gardens - “It speaks for itself”!

Key Points

• Pre-launch prices 20% lower than comparable projects
• 20 km from Airport
• 12.5 km of Sandy Beaches
• Rental hot spot
• No Stamp Duty
• Estimated 16 million Tourists in next few years
• Huge demand for quality accommodation

Pricing

Studio starting from 47,320 GBP - 54,238 EUR - 70,710 USD

1 Bed Apartment starting from 66,300 GBP - 75,993 EUR - 99,072 USD

2 Bed Apartment starting from 78,750 GBP - 90,263 EUR - 117,676 USD

3 Bed Apartment starting from 128,700 GBP - 147,516 EUR - 192,316 USD

3 Bed Twin-house starting from 283,800 GBP - 325,292 EUR - 424,082 USD

4 Bed Twin-house starting from 335,400 GBP - 384,435 EUR - 501,188 USD

Payment Terms

Reservation Fee - 12.5% - Upon reservation (refundable within one month)

1st Installment - 12.5% - At exchange of contract

2nd Installment - 25% - In 9 months

Final Installment - 50% - On Completion

Location Map

Features:

• Ceramic floors
• Kitchen with granite worktops
• Air-conditioning
• Fitted wardrobes 
• Pre-installation for digital TV & Internet
• Swimming Pools
• Spa
• Gymnasium
• Health Club
• Tennis courts
• Play area for children
• Close to beach & Marina
• Close to three 18-hole Golf Courses
• Housekeeping & maintenance services
• Rental services
• 24-hr Security
• Pyramisa Owners Club - 10 year membership

Resort Facilities:

• 7-Star Hotel
• Upmarket Marina
• Eight Planned Golf Courses
• Stunning 5-Star Clubhouses
• Retail Centres & Piazzas
• Bars & Restaurants
• World Famous Scuba Diving
• Underwater Ruins to Explore
• Sports & Leisure Facilities
• 12 Month Climate

Photo Gallery

Layout

Site Map

Twin Houses

Red Sea Coast

Egypt’s Red Sea coast is widely regarded as the world’s most glamorous new property hot spot and luxury projects are currently being developed to supply a growing demand for upmarket activity holidays in the area. The entire area is due to be completed by 2014, making this an exciting emerging market still in its earliest stages and ripe for investment. In addition to its prime location on an immense 32 million square metres of land, a plethora of excellent purpose built facilities will await visitors, including spectacular Marinas, three 18-hole Golf Courses, a commercial centre, five hotels, bars and restaurants, sports and leisure facilities, a 5 star clubhouse, to name but a few, adding to the great prestige and investment value this development is destined to attract.

For enquires please fill out the form below (Your private details will not be published)

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10% DISCOUNT OFF PURCHASE PRICE WHILE STOCKS LAST!

Further discount is available for 100% payment!

Completion Date: End 2011

Samra Bay Marina & Spa Resort  is the new ‘hot spot’ of the Red Sea, developed directly along the Golden Mile of Hurghada, the extensive pedestrian promenade Village Road,  close to the best hotels in the city.  This top class development  has been designed around its own lagoon and has a beach front of more than 1 km, all apartments will have sea views.  The ambitious architecture, conceptual design features, intelligent room layouts and ample spacing will appeal to the most discerning investor.

The first phase of the developmentAbrim Residences located in the heart of Samra Bay has just been released and offers luxurious studios and 1 & 2 bedroom apartments (with the option to purchase  the apartment fully furnished).   Investors will have access to all the amenities at Samra Bay Marina & Spa Resort which include  swimming pools, Spa and fitness centres, children’s area  and restaurants offering international menus.

 17 Good Reasons To Buy

1. Unique beach location in Hurghada
2. Excellent capital growth
3. Purchase directly from reputable Developer
4. Attractive prices start from £1,000 per square metre
5. Payment terms 40% on signature - 20% after 1 year - 40% after delivery
6. All payments handled by Escrow Agent
7. Top quality construction
8. Air Conditioning included
9. Scheduled completion 2011 (watch your investment grow)
10. Great rental returns
11. Stunning ocean views
12. Beautiful landscaped gardens
13. Private pool areas
14. Spa, sports & leisure facilities on site
15. Open-air-lounges on roof
16. LAN Internet connection
17. Excellent weekly flight connections from UK to Hurghada

Features:

• Beach location
• Open-air lounges on the roof
• Floor tiling throughout
• Wall tiling to Kitchen & Bathroom
• Choice of furniture package & kitchens available
• Room-service
• Serviced laundry in-house
• Internet connection in every room
• Sat-TV
• Freehold ownership

Resort Features:

• Marina / Club
• Spa & Beauty Club
• Sport & fitness club
• Diving Centre
• Aquatic Sports Centre
• Entertainment Centre
• Beach Bars & Restaurants
• Beach Sports Area
• Beach Bungalows
• Supervised Children’s Corner
• Barbeque area
• Various Pool areas
• Restaurants
• Shopping area
• Supermarket, Cafe & Shops
• Medical care on site
• 24hr Security
• Landscaped gardens

Pricing

Studio from 52,344 GBP - 60,000 EUR - 78,216 USD

1 Bed Apartment from - 63,249 GBP - 72,500 EUR - 94,511  USD

2 Bed Apartment from 115,593 GBP - 132,500 EUR - 172,727  USD

Payment Options

Option 1

1st Installment - 40% - On signing Contract

2nd Installment - 20% - 12 months later

Final Installment - 40% - On Completion

Option 2

1st Installment - 30% - On signing Contract

2nd Installment - 20% - 12 months later

Final Installment - 50% - On Completion

Location Map

Photo Gallery (Click to enlarge)

For enquires please fill out the form below (Your private details will not be published)

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AN IDEAL OPPORTUNITY TO INVEST IN EGYPT’S RAPIDLY EMERGING PROPERTY MARKET

60% LTV MORTGAGES AVAILABLE

Completion Date: August 2009

A gated European style development Lotus Breeze is situated within the Intercontinental area of Hurghada, located behind the Hilton Hotel and less than 50 meters from the main promenade leading to the beach. The complex will consist of luxurious studios, one, two and three bedroom apartments complete with their own private terraces and stunning views from almost all apartments. Within easy reach of the promenade providing a wide range of international eateries, bars, shopping malls, nightlife and much much more. 

From the creative layout of the apartments to the full complement of the recreation facilities available to residents, everything at Lotus Breeze has been created with convenience and lifestyle in mind.

Key Features:

• Freehold apartments
• Spectacular views of the Red Sea
• High Capital appreciation expected
• Expected Rental Yields of 11% - 23% p.a.
• Easy payment plan
• Mortgages available up to 60% LTV
• Rental and maintenance service
• Communal roof top terrace with swimming pool, bar and restaurants
• 10 minutes from Hurghada International Airport
• Luxury furnishing packages available

Lotus Breeze has been developed with the environment in mind

• A pre-build Environmental Impact Assessment was carried out
• A local Brownfield site was used
• A low amount of embodied energy has been used in construction
• Using locally sourced building materials and energy efficient glass
• Water for the site is sourced from a desalinisation plant
• Solar thermal heaters have been used
• Carbon offsetting has been carried out through extensive planting of tropical gardens on site

Pricing
Studios from 20,700 GBP - 23,726 EUR - 30,932 USD
1 Bed Apartments from 30,700 GBP - 35,188 EUR - 45,875 USD
2 Bed Apartments from 49,000 GBP - 56,164 EUR - 73,221 USD
3 Bed Apartments from 62,150 GBP - 71,236 EUR - 92,871 USD

Payment Options
Option 1
Reservation Fee - £1,000 - Fully refundable within 28 days
1st Installment - 40% - less Reservation Fee - On signing Contract
2nd Installment - 30% - 3 months from date of reservation
Final Installment - 30% - On Completion

Option 2
Reservation Fee - £1,000 - Fully refundable within 28 days
1st Installment - 50% - less Reservation Fee - On signing Contract
Final Installment - 50% - On Completion

60% LTV Mortgages are available, subject to status.
Once the property has been completed, registered and all utilities are connected the Mortgage pays the final installment (subject to Mortgage approval).

Photo Gallery (Click to enlarge)

Hurghada

Egypt is one of the world’s top 5 destinations. In 2005, Egypt registered over 8.5 million tourist arrivals, making it the most emerging destination within the Middle East region at present. The popularity of Egypt as a year round holiday destination combined with the extremely low entry levels for property, has prompted international investors and developers to concentrate their efforts in this location. With its unique geographical location, Egypt attracts visitors from the UK, Germany, Russia, America as well as from other parts of the Middle East.

The developments that are planned within Hurghada and some surrounding areas will elevate Egypt to be amongst the most luxurious resorts in the world. Hurghada offers something for everyone, permanent summer weather and leisure activities, including scuba diving, desert safaris and golf, making this the most popular resort in Egypt. It presents a great opportunity for cultural, historical and recreational tourism. Nearby are the stunning resorts of Sahl Hasheesh and El Gouna, both exclusive destinations with sublime views of the desert and mountains.

Hurghada, also known as Al-Ghardaka in Arabic, is a truly unique and fascinating place to visit. Hurghada was founded in the early 20th century, and until a few years ago, remained a small fishing village. But today, with over 20km of spectacular sandy white beaches it has gone on to become the foremost tourist resort of the Red Sea coast and an international centre for diving and aquatic sports. Hurghada is situated approximately 300km from Luxor, famous for its ancient temples, tombs and the Valley of Kings. The city of Cairo is 500km away, famous for its Great pyramids, the Egyptian Museum and the Sphinx.

For enquires please fill out the form below (Your private details will not be published)

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Prices from only 29,500 EUR!

Frontline 5-Star Development 

10% Average Rental Guarantee for 5 Years!!! 

Guaranteed Developer Funded Mortgages

Available On Selected Apartments!

Completion Date: Phase 1 - December 2009, Phase 2 - December 2010

The Marsa Alam Beach Resort is an exclusive 5-star development, located frontline, on the sun-drenched Red Sea Riviera; it has its own private 500m beach and house reef. Marsa Alam is widely regarded as the world’s premier diving destination, the resort takes full advantage of its enviable location with two private jetties, an on-site diving school, water sports shop as well as a full range of facilities.

The 1,434 unit development offers various investment options to cater to all budgets including Junior suites, Executive suites, Presidential suites and two bed apartments.  Furniture packs are available for all apartments as an optional extra. Whilst the acquisition of the furniture pack is not compulsory should you wish your apartment to be included in either the rental guarantee or the rental pool, then the pack must be taken at the time of purchase. All items are guaranteed during the time they are in the rental system. 

Not only does the resort offer the perfect holiday destination, but it also provides an unrivalled investment opportunity. Marsa Alam is the hot-spot of the Red Sea and this resort encompasses low entry levels, high rental yields, a bank backed 5 year 10% average rental guarantee, developer funded mortgages, payment plans, an Escrow account and a Developer with a strong track record in respect to high quality developments throughout the world. 

Key Features:

• Frontline 5 Star development 
• On site facilities, including pools, restaurants health club & dive school
• Extensive green areas with only 18% of the site being built on
• Average 10% rental guarantee option for five years
• All apartments with private outdoor space & air-conditioning
• Guaranteed Developer funded Mortgages (non-status) available on selected apartments 
• Freehold ownership
• Renowned as the world’s premier diving site
• Excellent capital appreciation
• 45 km from Marsa Alam International Airport
• 500m Private beach and coral reef

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Mortgages are still not available from UK banks to buy property in Egypt, there is a proposed introduction of mortgages (subject to status) on property purchases in Egypt from Egyptian banks, such as HSBC Egypt, but these arrangements are still not finalised - (as of March 2009) - which would give yet more incentives for foreigners to purchase property in Egypt.
Some Middle Eastern banks are now offering mortgages (subject to status) of 60% over 15years with interest rates of 8-10%. This only applies to freehold property, and once the purchaser has a *green contract and the arrangements are made through the developer. (*The ‘Green contract’ is the contract given to you by the Egyptian courts once your property has been paid for in full, and registered or validated by the Signature of Validity process.)
Purchasers must be aware of the extra cost of the “buyers commission” when purchasing in some areas of Egypt. This is a fee which is charged to the purchaser by the agent handling the transaction of sale. This fee is usually 1.5% of the price of the property. In other areas of Egypt the “buyers commission” is between 4% and 5% of the value of the property but does include some of the lawyers fees.

Get a Lawyer in Egypt

Instructing a good lawyer is essential. The property must be checked against loans, debts and disputes. The correct signatures and all relevant powers of attorney from the seller should be verified by a lawyer in Egypt.

Arabic and English Contracts

All contracts should be both in Arabic and English and should be translated to ensure that the Arabic matches the English.
A deposit is usually required at the stage the lawyers get involved. The size of the deposit does vary. The deeds to your property in Egypt are assigned to you at the land registry office, and the cost of this is a maximum of 2000,00 EGP (as of June 2008).

Freehold/Leasehold

Purchasing a property in South Sinai - in Sharm El Sheikh for instance - is different from purchasing a property in any other location in Egypt. This is because of the difference in legal status here. An administrative decree was issued by the Prime Minister of Egypt in 2005, abrogating the context of the previous law issued in 1996. Despite the fact that an administrative decree is normally unable to nullify law, this decree is currently the prevalent decree governing the foreigners’ legal status when it comes to purchasing a property in South Sinai.
The aforementioned decree states that foreign purchasers in South Sinai may not be granted the right to be “landlords” of the properties they purchase, but only may have the “Freehold” right, for a maximum of 99 years.
Normally the term “Freehold” applies to the right to enjoy a property and all of its advantages for good, and the right to disposal - either physical or legal disposal - however the decree declares that the maximum time limit of freehold is 99 years, therefore - legally speaking - it is NOT freehold, that is therefore why it is rephrased as “Usufruct”.
In other areas of Egypt it is still possible to buy freehold properties.

Apply for Residency in Egypt

When you purchase property in Egypt you must also apply for a residency Entry Visa - You need to apply for this when in Egypt, the cost is 150.00 EGP. These visas are usually valid for one year.
Such a visa is needed to complete the residence procedure in Egypt and you must have an entry visa to be able to give your lawyer the power of attorney to go to court on your behalf and register your property. Owning a property in Egypt does not automatically grant residency, however, this is a formality if you own a property.

Registration/ Signature of Validity procedure

There are two procedures that can be adopted when purchasing property in Egypt. The first is a full registration, and the second is to choose the Signature of Validity process. Registration of a property gives you maximum security under Egyptian law.
When purchasing property in South Sinai one can only purchase a 99 year lease on the land, and therefore, the buyer can only purchase through the process of Signature of Validity. In other areas of Egypt where the land is freehold, either process can be adopted. However, even in the areas of Egypt where foreigners can purchase freehold, Signature of Validity can be used instead of registration.
The ‘signature validity court verdict’ method has actually become the most popular way for foreigners to register their property even outside Sinai, because it allows the foreigner the flexibility to buy as many properties as he/she likes, place their property on the rental market, and sell their property when he/she likes.

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Even with all of the change undergone by this village, it has retained its ancient charm and characteristics. Hurghada is now a town which provides a unique blend of tradition, idyllic pleasures and a range of both tourist and locally valued services and amenities.

Property in Hurghada

In Hurghada, Egypt’s second most popular destination to Sharm El Sheikh, there are many, amongst others, luxury beach front properties for sale. Here properties are less costly than in Sharm El Sheikh.

There is easy access from the region by road to the treasured city of Luxor, for visiting some of Egypt’s world-famous sights. Some wonderful golf courses and water parks are found nearby to this town.

Properties in Hurghada can be purchased freehold, and there are now an increasing number of interest payment schemes.

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