Real Estate
Property sales, purchases, rentals, and management services in Sharm El Sheikh.
Your Property Partner in Sharm El Sheikh
Whether you're buying, selling, or renting property in Sharm El Sheikh, SharmConnect provides end-to-end real estate services tailored to international clients. We handle the complexity so you don't have to.
Our bilingual team guides you through every step, from initial property search and due diligence to contract signing and ongoing management. We know the local market inside and out.
- Deep local market knowledge
- Legal due diligence and contract review
- Rental management and tenant screening
- Regular property inspections
- Bilingual contracts (English & Arabic)
How It Works
A simple process from start to finish
Consultation
Tell us what you're looking for. We discuss your goals, budget, and preferences to understand exactly what you need.
Property Search
We curate a shortlist of properties that match your criteria, arrange viewings, and handle all negotiations on your behalf.
Closing & Management
We handle contracts, legal checks, and registration. After closing, we can manage your property for rentals and maintenance.
Interested in Real Estate?
Send us your requirements and we'll get back to you within 24 hours.
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Buying Property in Sharm El Sheikh:
A Complete Guide for International Buyers
Everything you need to know β from legal requirements to rental potential β before making one of the most exciting property purchases of your life.
Can Foreigners Buy?
Yes. Egypt allows foreign nationals to purchase property in designated tourist zones including Sharm El Sheikh. Ownership is typically granted as a usufruct right (long-term registered lease) of 99 years β fully renewable β under Egyptian Property Law No. 230/1996.
Key rule: foreigners must hold the property for at least 5 years before resale. Most international buyers find this no barrier given the investment horizon.
What Are the Costs?
Sharm El Sheikh offers entry-level apartments from USD $25,000β$50,000 and premium sea-view units from $80,000β$200,000+. Studios and 1-bed apartments in resorts like Nabq Bay or Hadaba are the most popular with international buyers.
- β’ Registration fees: ~3% of property value
- β’ Legal/notary fees: 1β2%
- β’ Annual service charges: varies by compound
- β’ No stamp duty for foreigners
Rental Income Potential
Sharm El Sheikh attracts millions of tourists annually, making short-term rentals highly viable. A well-managed 1-bed apartment can yield 8β14% gross rental returns in peak season (OctoberβMay).
With a professional property manager like SharmConnect handling bookings, check-ins, cleaning, and maintenance, you can generate income remotely without ever needing to be on site.
The Buying Process Step by Step
From first enquiry to keys in hand β here's exactly what happens
Define Your Goals
Holiday home, rental investment, or retirement base? Your goal shapes which area, property type, and compound we target.
Property Shortlist & Viewing
We identify properties matching your budget and criteria. Virtual tours available; we arrange in-person viewings around your schedule.
Legal Due Diligence
Our legal partners verify title deeds, developer credentials, and contract terms. No surprises β bilingual contracts in English and Arabic.
Purchase & Management
Exchange contracts, register ownership, and hand over keys. Optionally enrol in our rental management programme from day one.
Frequently Asked Questions
Answers to the most common questions from international property buyers in Sharm El Sheikh
Yes, absolutely. UK citizens β and nationals of most countries β can legally purchase property in Sharm El Sheikh under Egyptian law. Foreign buyers receive a long-term usufruct title (99-year registered right of use) which is fully renewable and can be inherited. The process is straightforward with the right legal guidance. The main restriction is that you must hold the property for at least 5 years before selling.
Funds must be transferred via an official Egyptian bank account using a valid bank transfer (SWIFT). It is essential to obtain a Foreign Currency Transfer Certificate (Ψ΄ΩΨ§Ψ―Ψ© ΨͺΨΩΩΩ Ψ§ΩΨΉΩ ΩΨ©) from the receiving bank β this document proves you imported the purchase funds legally and is required when registering the property in your name. We guide all buyers through this process and can recommend trusted banking contacts.
Sharm has several distinct areas, each suited to different buyers:
- Nabq Bay β Quieter, newer developments, best for families and long-stay owners. Good rental yields.
- Hadaba β Central location, established area, popular with Russian and European buyers. Great views.
- Sharks Bay β Close to the airport, popular with divers and reef enthusiasts.
- Naama Bay β The tourist hub. High footfall, strongest short-term rental demand, but higher prices.
- Ras Nasrani β Emerging, more affordable, good for investors seeking capital growth.
Yes, and many buyers do exactly this. Sharm El Sheikh's tourism season runs roughly October to May, with a strong summer domestic market from Egyptian and Gulf visitors. With SharmConnect managing your property, we handle guest bookings, airport arrivals, cleaning between stays, and any maintenance. You simply receive your rental income. Gross yields of 8β14% are achievable for well-located, well-presented properties.
Property ownership can support a residency application. Foreigners who own property valued at USD $50,000+ (or EGP equivalent) may apply for a temporary residence permit (1 year, renewable), and ownership of property valued at $200,000+ can qualify for a 3-year renewable residence permit. This is not automatic β you must apply separately β but owning property significantly strengthens your application. Always consult an Egyptian immigration lawyer for up-to-date requirements.
As with any overseas purchase, due diligence is essential. Key things to verify:
- Developer track record β off-plan carries more risk; always check completed projects.
- Service charge obligations β compounds vary widely; some charge annually.
- EGP fluctuation β prices in USD mitigate this; be cautious of EGP-only contracts.
- Title verification β ensure the property is registered, not just a developer payment receipt.
SharmConnect's legal partners review every contract before you sign. We don't recommend any property we wouldn't buy ourselves.