Hurghada - Somabay - El Gouna

Sahl Hasheesh is a coastal resort town located on the Red Sea in Egypt, renowned for both its rich history and its stunning landscapes. The area is known for historical sights such as the Sunken City, offering a fascinating glimpse into ancient times beneath the crystal-clear waters. Geographically, Sahl Hasheesh is situated approximately 18 kilometers south of Hurghada, offering easy access to this bustling city while maintaining a serene and exclusive atmosphere. Its unique location allows for breathtaking views of the Red Sea from luxury homes, making it a highly desirable place for luxury real estate investment.

Exclusive Property Market in Sahl Hasheesh

The exclusive property market in Sahl Hasheesh is currently strong, driven by high demand for luxury homes and apartments that often outpaces the available supply. This vibrant market is supported by the stable political and economic environment in Egypt, offering buyers confidence in their investments. Buyers can typically expect to pay a real estate commission of about 3% when purchasing a home, while sellers usually pay around 5%. In addition to realtor commissions, buyers should budget for transfer tax, notary fees, and possible legal costs, which add to the overall purchasing expenses.

Financial Considerations and Taxation

In Sahl Hasheesh, the transfer tax on private property is generally around 2.5%, and there is no wealth tax on private home ownership. For residents selling their primary residence, there is typically no capital gains tax, but second homes might incur taxes depending on the latest regulations. Additionally, the corporate tax rate on profits for companies is currently around 22.5%, while registered residents face a progressive income tax system.

Mortgage and Financing Options

When it comes to financing, buyers in Sahl Hasheesh typically need a strong financial standing, with mortgage lenders often requiring a significant down payment that represents about 20%-30% of the property's value. The amount one can borrow is largely based on income, with banks generally allowing a mortgage up to 80% of the property's purchase price.

Prestigious Residential Areas

Sahl Hasheesh boasts some of the most sought-after and exclusive residential areas along the Red Sea, including The Azzurra and the Hilltop communities. These areas offer prime real estate options, featuring luxury villas and apartments with panoramic sea views, private beaches, and access to world-class amenities.

Accessibility and Nearby Infrastructure

Sahl Hasheesh is well-connected by road, located just 18 kilometers from Hurghada, allowing for easy travel to and from this major city. Additionally, the town is approximately 20 kilometers from Hurghada International Airport, offering both domestic and international flights. For families, the area is served by several notable educational institutions in Hurghada, providing a range of schooling options.

Natural Beauty and Climate

The environment around Sahl Hasheesh is characterized by stunning beaches, pristine waters, and arid desert landscapes. The climate is typically subtropical desert, with warm temperatures year-round and minimal rainfall, making it an ideal locale for sun-seekers.

Luxury Lifestyle and Amenities

Sahl Hasheesh offers an array of high-end lifestyle amenities, including luxury shopping boutiques, gourmet restaurants such as "The Grill" and "Il Gusto," and premium hotels like the Oberoi Sahl Hasheesh. The town also features vibrant nightlife and entertainment options, including beach clubs and exclusive bars. For sports enthusiasts, there are plenty of outdoor activities, including golf, diving, and water sports.

Cultural and Health Facilities

While Sahl Hasheesh doesn't have its own theaters, its proximity to Hurghada ensures access to cultural facilities and events. The area is also served by several well-equipped hospitals and clinics, such as the Nile Hospital in Hurghada, ensuring medical care is easily accessible. The public infrastructure in Sahl Hasheesh is well-developed, providing residents with a seamless living experience in one of Egypt's premier luxury destinations.