Cairo - Dahab - El Gouna

Nestled along Egypt's Mediterranean shoreline, North Coast offers both historical charm and modern luxury. This picturesque region, known as "Sahel" among locals, is steeped in history, with ancient Roman ruins and historical forts contributing to its rich tapestry. Its geographic location, stretching from Alexandria to Marsa Matrouh, provides a stunning mix of sandy beaches and azure waters, making it an alluring destination for both relaxation and exploration. The climate is comfortably Mediterranean, offering mild winters and warm, breezy summers ideal for vacationing and year-round living.

Exclusive Property Market Overview

The exclusive property market in North Coast is currently experiencing strong demand, with many luxury homes and apartments sought after by both local and international buyers. While there is a limited supply of luxury properties, this has not dampened interest, especially in prime areas like Hacienda Bay and Marassi. The economic and political situation in the region is stable, which further boosts market confidence for real estate investments.

Cost Considerations When Buying a Luxury Home

When purchasing a luxury property in North Coast, prospective buyers should be aware of certain additional costs. Typically, buyers pay a real estate commission ranging from 2% to 3%. Sellers often pay a similar commission. The transfer tax on private property is generally around 2.5%. Additional expenses can include notary fees and possibly legal or construction inspection costs if not included in the initial transaction.

Tax Implications and Finance Requirements

Owners of private homes are not subject to wealth tax in North Coast. However, profit gained from selling a secondary or vacation home may be subject to tax, unlike profits from a main residence, which are generally exempt. There is no corporate tax on property profits, as it primarily applies to business entities. For registered residents, the income tax rate follows national guidelines. Mortgage requirements in North Coast typically demand a balance between own capital and borrowing, with banks willing to finance up to 80% of the purchase price, provided the buyer meets income stability criteria.

Prime Residential Areas and Accessibility

The most coveted residential areas include Hacienda Bay, Marassi, and Sidi Abdel Rahman, known for their upscale villas and beachfront properties. Accessibility to North Coast is seamless, with well-maintained roads linking it to Cairo, approximately 2.5 hours away by car. The area is accessible from Borg El Arab Airport in Alexandria, facilitating both national and international travel.

Education and Healthcare Facilities

North Coast boasts several reputable educational institutions including summer schools and training programs linked to major universities in Alexandria. Healthcare is catered for by clinics and hospitals in the vicinity, offering essential services to residents and visitors alike.

Amenities and Lifestyle Offerings

North Coast offers a rich tapestry of outdoor activities such as golfing, water sports, and horseback riding. Luxury lifestyle seekers will find high-end shopping at boutiques in Marassi and premium dining experiences at renowned restaurants like Pier 88. The region also offers vibrant nightlife with exclusive beach clubs and bistros. For art and culture enthusiasts, nearby Alexandria offers museums, galleries, and theaters, enriching the cultural tapestry of the region. Popular annual events include beach concerts and sporting tournaments, drawing visitors from across the nation. The well-maintained public infrastructure enhances the North Coast's appeal, ensuring a comfortable lifestyle with all amenities readily available. This makes it a prime spot for both investment and enjoying a serene, luxury lifestyle by the Mediterranean coast.