Promising Investment Opportunity: Why the Red Sea Region is a Great Place for Real Estate in Egypt
- Mohamed Hassan
- Jun 30
- 2 min read
Introduction:
When people think about investing in property in Egypt, areas like Cairo, Giza, the North Coast, and Ain Sokhna usually come to mind. However, Egypt has many other places with great potential for property investment. In this blog post, we'll talk about a region that many people might not think about, but we believe it's one of the best areas for real estate investment in recent years: the Red Sea Governorate.
Key Points About Investing in Real Estate in the Red Sea Region:
Think Outside the Box: Don't always follow the crowd when investing. Look for promising opportunities that are still growing in popularity.
The Red Sea: A Gem for Property Investment: The Red Sea Governorate includes cities like El Gouna, Hurghada, and Marsa Alam, as well as South Sinai (Sharm El Sheikh).
Lots of Foreign Interest: Many foreigners invest in the Red Sea region, especially in Hurghada, more than Egyptians do.
Why is the Red Sea Better Than the North Coast?
Tourism All Year Round: The North Coast is mostly busy in the summer, while the Red Sea attracts tourists throughout the year.
Global Tourism: The North Coast mainly attracts Egyptians and Arabs, but the Red Sea is a world-famous destination for tourists from all over.
Developed Tourist Infrastructure: The Red Sea has a strong and well-established tourism infrastructure built over many years. It's known globally as one of the best places for diving.
Variety of Activities: The Red Sea offers tourists many different sports, water activities, and entertainment options.
Affordable Holiday Packages: Hotels and resorts offer all-inclusive deals at prices that are competitive worldwide.
Investing in Short-Term Rentals: Property investment in the Red Sea often focuses on short-term rentals through platforms like Airbnb and Booking.com
Hurghada: A Promising City with Reasonable Prices: The "Al Ahyaa" area at the entrance of Hurghada has relatively low property prices. You might find an apartment of around 50-60 square meters for 1 to 1.5 million Egyptian pounds with installments.
High Occupancy Rates: The Red Sea region has high occupancy rates for hotels and short-term rental units (around 43% throughout the year).
Average Daily Rent: The average rent for small chalets near the sea in Hurghada is between $40 to $80 per day.
Buying Prices: You can find chalets with prices starting from around 5 million Egyptian pounds with installments and convenient payment plans.
Opportunity for Investors: The Red Sea offers various investment opportunities in a global tourist destination that attracts visitors all year round.
Global Market vs. Local Markets: While many people focus on traditional areas, the Red Sea offers a global market with competitive prices.
Advice for Investors:
Research and Study Carefully: Before making an investment decision, study the market and your personal situation thoroughly.
Check Short-Term Rental Platforms: Explore platforms like Airbnb to understand demand, prices, and guest reviews.
Think with a Different Strategy: Avoid focusing only on traditional areas where prices have already increased significantly.
Take Advantage of the Opportunity: The Red Sea offers an investment opportunity you might not find in other areas.
Conclusion:
The Red Sea region is an excellent Investment Opportunity real estate investment opportunity in Egypt, with year-round global tourism, competitive prices, and strong foreign interest. Investors should consider this region and explore the promising opportunities it offers
Comments