El Gouna is a pretty town by the Red Sea in Egypt. Some people call it the “Venice of the Red Sea.” Do you want to buy a home in Egypt? El Gouna is a great place. This guide will help you learn about buying property there.
Why Buy Property in El Gouna?
El Gouna is a special place. It is 25 kilometers north of Hurghada city. The weather is warm and sunny every day. You can swim in the sea even in winter. The beaches are clean.
The town is safe. It is also modern. People from 50 different countries live here. There are many restaurants, shops, and places to have fun. Everything looks nice and clean.
Many people buy homes in El Gouna to make money. Tourists come here all year. You can rent your home to tourists. You will make good money. The price of homes goes up every year.
Must Read: Top Reasons to Invest in Property for Sale in Hurghada
What Can You Buy?
Apartments
Apartments are very popular in El Gouna. There are many different sizes.
Studio Apartments are small. They have one big room. They are good for holidays. Many tourists like to rent studios. You can make money from renting.
One-Bedroom Apartments have one bedroom, a living room, and a kitchen. Good for couples or small families. They cost more than studios. But you get more space.
Two and Three-Bedroom Apartments are bigger. Good for families. Some have balconies. You can see the sea. Some have pools you can use.
Good places to buy apartments:
- Downtown El Gouna – Near restaurants and shops. You can walk to everything.
- Mangroovy – New buildings near the beach. Has pools and gardens.
- Abu Tig Marina – Next to the water. Nice views of boats.
Villas
Do you want more space? Buy a villa. Villas are like big houses. They have gardens and private pools.
El Gouna White Villas are very famous. They have white walls and blue doors. They look beautiful. Most have private pools. Many are very close to the beach. You walk from your house to the sand.
Hill Villas are on high ground. You can see the sea and lagoons from your house. These are quiet. Very peaceful.
Golf Villas are next to the golf course. Perfect if you love golf. You can play golf every day.
Villas have many bedrooms. They have big kitchens. They have outdoor space. They cost more than apartments. But you get much more space.
Townhouses
Townhouses are between apartments and villas. They have two or three floors. You have your own front door. Many have small gardens or roof space.
Good Places to Buy
Mangroovy is very popular now. It has new apartments. There are many green trees around. You can use the pools. You can go to the beach. There are nice walking paths. Kids have play areas. Security guards watch everything 24 hours.
Ancient Sands Golf Resort is for people who love golf. It has a big golf course with 18 holes. Buy a home here and play golf every day. The people here are friendly.
Cyan has townhouses. You can see the lagoon. Good for families who want space.
Must Read: Investing in El Gouna vs Dubai: Which is Better for Rental Property
Can I Buy if I’m Not Egyptian?
Yes! You can buy property in El Gouna. The law says foreigners can own homes in tourist areas like El Gouna.
You need these things:
- Your passport
- An Egyptian tax card (your agent will help you get this)
- A bank account in Egypt
The buying takes a few weeks or a few months. It is easy if you work with a good agent and lawyer.
How to Buy Property
Step 1: Think About What You Want
Why are you buying? For holidays? To rent out? To retire? This helps you choose the right home.
Step 2: Know Your Budget
How much money can you spend? Remember – you need extra money for lawyer and taxes. Plan for about 5-7% more than the home price.
Step 3: Visit El Gouna
Come and see homes in person. Pictures are nice. But you must see the real place. Walk around. Look at everything.
Step 4: Make an Offer
You found something you like? Make an offer. Your agent will talk to the seller. Sometimes the price can go down.
Step 5: Get a Lawyer
Hire a lawyer who speaks English. They check all papers. They make sure everything is correct. They protect you.
Step 6: Sign Papers
You sign a contract. You pay some money first. Usually 10-20% of the total price. The lawyer keeps this money safe.
Step 7: Pay and Get Keys
Pay the rest of the money. Put the property in your name at the government office. Get your keys. The home is yours!
What Does It Cost to Own?
After you buy, you pay some money every year. These costs are much less than Europe or America.
Community Fees – For pools, gardens, and security. About $200-500 per year. Depends on how big your home is.
Property Tax – Very small in Egypt. Just a little bit of money each year.
Utilities – Water, electricity, and internet. Very cheap compared to other countries.
Property Manager – If you rent your home, someone can manage it for you. They find people to rent. They collect money. They fix problems. You pay them 10-15% of the rent money.
Must Read: El Gouna Sustainability: How This Egyptian Town Protects Nature
Can You Make Money?
Yes! Many people buy in El Gouna to make money from renting. Tourists come all year. Your home can make good money.
Short Rentals – Rent to tourists for one week or one month. You make more money. But you need to manage it more.
Long Rentals – Rent to people who work in El Gouna or Hurghada. They stay longer. You get steady money. Less work for you.
Some people pay all their costs from rent money. Some people make extra profit. Location matters. Homes near the beach rent better.
What is Life Like Here?
When you buy a home in El Gouna, you get more than just a house. You get a good life.
The weather is great. Sunny almost every day. You can swim and do water sports all year. Diving is very famous here. People also do kitesurfing, sailing, and snorkeling.
There are more than 100 restaurants. Food from all countries. New restaurants open often.
El Gouna is very safe. You can walk anywhere at night. Security guards are everywhere. Families feel safe here.
There are international schools for children. Doctors and clinics are good.
Many events happen. Film festivals, music shows, culture events. Always something to do.
Final Words
El Gouna has homes for everyone. Small apartments. Big villas. Something in between. You can find what you need.
Buying is safe for foreigners. The community is friendly. People from many countries live here. Life is relaxed and fun.
Home prices go up every year. Tourists keep coming. Now is a good time to buy.
Ready to start? Talk to a good real estate agent like Gouna 360. They will show you homes. They help with papers. They make buying easy.
Your new life in El Gouna can start today. Just take the first step.
