These apartments are being built in what has to be one of the most enviable locations along The Red Sea Coast in Hurghada, with breathtaking views over the crystal clear waters. Anyone that knows Hurghada, knows the opportunity to buy in this location only comes around a couple of times in a lifetime, don't miss out on this one.Read More
Fiesta Beach Resort is located in Al Ahyaa which is around 10km from El Gouna and a 20 min drive from Hurghada Airport. The resort will have 3 swimming pools towards the beach area at the front of the resort and comprise of 152 apartments with a selection of studios, 1 and 2 bed apartments.Read More
Tiba View is one of the very latest projects to be launched in the Red Sea area. The resort is brought to you by an established award winning developer who has already completed 12 previous builds in Hurghada.Read More
Al Ahyaa Paradise offers some of the lowest priced apartment we have seen in Hurghada. If you are looking for an affordable holiday home or a bolt hole in the sun this is worth considering. Just a few minutes from El Gouna and walking distance to the best kite surfing spot in the whole of the Red Sea.Read More
“The Egyptian market itself is vibrant and filled with opportunities. It’s one of the most populous countries in Africa, a top producer of engineers, and a major influencer in the Arab world – all of which makes it an ideal launching ground for the region’s next big startup.”Read More
Hurghada is experiencing a wave of tourism between January and March, especially from the Ukraine, Germany and Britain, according to the head of tour guides in Hurghada.
He explained that around 120,000 German tourists visited Hurghada, which is a 50% increase in comparison to last year.Read More
“From a macroeconomic perspective, things are looking up for Egypt, and the reform programme it has embarked on seems to be paying off,” says Mohamed El Dahshan, an economist with the Tahrir Institute in Washington.
Foreign investment will boost growth to 4.8 per cent, given a leg up by the devaluation of the Egyptian currency.Read More
Egypt has established a desalination plant of the sea water in Hurghada on the shores of the Red Sea, the costs of which are LE 825 million and LE 200 million for operating expenses, as an alternative for providing the governorate with fresh water, instead of the pipe lines from the Nile, which cost significantly more.Read More
Where can you find a luxury villa facing mile upon mile of shining sand and crystal clear turquoise water with guaranteed sunshine just a five-hour flight from the UK for much less than £1 million?
The answer is the Red Sea Riviera of Egypt.Read More
Hurghada is one of Egypt's leading holiday resorts, popular with visitors from around the world. It is the perfect getaway for those seeking total relaxation with fantastic weather and warm sea temperatures throughout the year. The city is fast growing into a major holiday resort, packed full of attractions, and it has a growing reputation as an international destination for visitors from all corners of the globe.Read More
Egypt has replaced South Africa and made it to the top of “Where to invest in Africa in 2018” list released by the Rand Merchant Bank (RMB)
South Africa is now second on the list. RMB said in a report, “Egypt displaced South Africa because of its superior economic activity score and sluggish growth rates in South Africa, which have deteriorated markedly over the past seven years.”Read More
Uber is committed to Egypt despite challenges presented by sweeping economic reforms and record inflation, the company said on Tuesday as it announced $20 million of investment in its new support center in Cairo.Read More
the JICA has completed the project’s feasibility study and provided a $1.5m grant to place equipment in the plant’s location with the aim of measuring the solar emissions to be sure about the project’s feasibility during different times of the year and calculate the expected production at the implementation. Part of the financing is allocated for developing the centres of NREA.Read More
"We are supporting this project because it contributes to Egypt's renewable energy capacity, and it will help position the country as a regional energy hub, which will have economic benefits for the entire region," Pandian added.Read More
Have you ever wondered how to open a bank account in Egypt? If you own a property in Egypt then the answer is likely YES! Regardless as to whether you live their yourself permanently, use the property as a holiday home for yourself and your family, or even if you own a property in Egypt to rent, you could (and maybe should) open a bank account in Egypt.Read More
In general, buying a property today with relaxed payment terms is a good idea. No one can be certain how much more the pound will devaluate, but judging by the current state of the economy, and the lack of full capital mobility, we expect short-term fluctuations but medium-term loss in value. So if you buy a property today, with 5-7 years of payment terms, you are fixing the price of a unit in pounds. That unit’s price in pounds will increase significantly over that time period due to inflation.
If your basis is foreign currency, then real estate got much cheaper for you. So now would be the best time to buy with relaxed payment terms. Timing is key, and you should buy your new property before any further price increases. Any further devaluation will benefit you by making your future payments even cheaper in foreign currency terms.Read More
*This is just information we have managed to find out and written to give some insight into this property tax, due to the lack of official information and it is only to be used for information purposes. We are not lawyers or accountants so please seek professional advice from your own lawyer or accountantRead More