You can buy an apartment in Hurghada either independently from a developer or through an agency, but in any case, you need to use the services of a qualified specialist.
In Hurghada, foreign buyers can purchase a home in full ownership. When registering housing in unconditional ownership, foreigners can acquire up to two real estate objects, and the maximum area of each should not exceed 4000 sq. M. Also, the Homeowner has the right to rent out the purchased housing, but also sell it at any time.
You can buy real estate in Hurghada on your own from a developer or through an agency, but it is recommended that the transaction be conducted by a professional. It is such a professional who, as a rule, knows the laws of this country and the Arabic language in order to check the contracts and the contents of the toukil from the Arab side, as well as all the developer’s licenses.
Having chosen a property, it must be reserved by making a deposit, which is usually $ 1000 — $ 2000.
In this case, the seller signs a reservation form, which indicates the buyer’s data, the total cost of the object, the amount of the deposit and the date of payment. This document must be accompanied by a receipt for the payment of the reservation fee.
Sales documents are drawn up in Russian and Arabic, or in English and Arabic.
Before signing any documents, the agent or lawyer must check the documents for the housing and for the developer.
You can buy real estate by entering the country on a tourist visa or you can buy an apartment without entering the country at all by ordering the ONLINE PURCHASE service from us
If the apartment is bought without installments and is paid in full, then the main contract of sale is signed, which contains all the data on the transaction. The main contract is signed by two parties — the seller and the buyer.
After full payment, the future owner receives a document transferring ownership — toukil, which is signed by the seller. Toukil is executed in Arabic and certified by the Egyptian state notary office.
Property registration, as well as the preparation of all documents, is usually handled by a lawyer of the real estate agency, for whom a power of attorney must be issued.
You can pay for your purchase by bank transfer to the merchant’s account. However, it is not necessary to open an account with a bank in Egypt. Payment can be made from any country by simply opening a foreign currency account. You can also pay for the object in cash.
In Hurghada, the installment payment scheme is very common. The initial payment will be from 10 to 30% of the purchase amount. Interest-free installments are provided for up to 10 years, depending on the project.
For any questions regarding the PURCHASE and selection of real estate in Hurghada, you can always consult with our specialists who have the latest information and will help you make the right choice
+20 106 930 3640 Contact us
Skype: Hurghada RedSeaLine