It comes up every time. A European buyer — often German, Dutch, Austrian, or Scandinavian — discovers a Soma Bay chalet or an El Gouna townhouse, falls in love with the location, and then pauses. Is it really safe to buy in Egypt? Can I actually own property there? What happens to my money? Those considering whether to buy property in Egypt along the Red Sea often come from Europe and face these exact...
Market Insights
If El Gouna is the Red Sea's cosmopolitan city, Soma Bay is its private peninsula — and that distinction is everything. Surrounded by sea on three sides, 45 minutes from Hurghada Airport, and home to five luxury resort hotels, two championship golf courses, a kitesurf school ranked among the world's best, and 11 kilometres of private beachfront, Soma Bay operates on a different scale. The Soma Bay...
El Gouna has always been different. While other Red Sea destinations sell sunsets and swimming pools, El Gouna sells a life — one with international schools, a hospital, a marina, an airport, a golf course ranked among the world's top ten, and a film festival that draws names from Cannes. But something has shifted in 2025. The town is not just more complete; it is more confident. El Gouna enters a new...