Somabay - Sahl Hasheesh - Hurghada

Located in Upper Egypt, Luxor is often referred to as the world's greatest open-air museum, rich with captivating history and ancient wonders. Known in ancient times as Thebes, Luxor served as the powerful capital of Egypt during the New Kingdom era. The city is uniquely positioned along the Nile River, featuring iconic sites such as the Temple of Karnak and the Valley of the Kings. Luxor's geographical location amid the historic treasures and lush landscapes makes it an appealing destination for luxury home buyers seeking exclusivity and a connection to history.

Luxor's Exclusive Property Market

The current exclusive property market in Luxor is stable, with demand closely matching the supply of luxury homes and apartments. While Luxor's political and economic situation is generally stable, prospective buyers should be aware of various factors impacting the real estate environment. The real estate commission for buyers and sellers typically ranges between 2% and 3% of the transaction value, with additional expenses such as notary fees and possible legal costs to consider. Luxor currently imposes a transfer tax of approximately 2.5% on private property, but potential property owners benefit from Egypt's lack of wealth tax on home ownership.

Prime Residential Areas and Accessibility

Luxury residences in Luxor are predominantly found along the Nile's East Bank, offering breathtaking views and proximity to historic sites. Popular neighborhoods include Karnak and areas near Luxor Temple. Luxor is accessible by road, with convenient connections to nearby cities. The city is approximately 670 kilometers south of Cairo, Egypt's capital. Luxor International Airport provides both national and some international flights, situated just 6 kilometers from the city center.

Education and Healthcare Facilities

Luxor hosts several reputable educational institutions, such as the South Valley University, which offers diverse academic programs. The city also boasts multiple hospitals and clinics, providing quality healthcare options for residents and visitors alike.

The Natural and Cultural Environment

The environment around Luxor is stunning, with the lush Nile Valley contrasting against arid desert landscapes. The climate is predominantly sunny and warm, providing ample opportunities for outdoor activities. Luxor offers sports such as golf, sailing on the Nile, and hot air ballooning. The city is also rich in luxury lifestyle offerings, with high-end shops, fine dining, and a vibrant nightlife scene. Notable restaurants and hotels include the Winter Palace and the Sofitel Luxor, known for their exquisite service.

Historical and Cultural Events

Luxor is home to numerous annual events celebrating its cultural legacy, such as the Luxor African Film Festival. The city's prestigious museums, including the Luxor Museum and the Mummification Museum, offer deep insights into Egypt's art and history.

Luxor's Infrastructure and Amenities

The public infrastructure in Luxor is continuously improving, with ongoing enhancements to roads and public amenities. This development supports the luxury real estate market, ensuring a comfortable and convenient lifestyle for residents and investors. Overall, Luxor presents an attractive blend of historical charm and modern luxury, making it a desirable location for luxury property buyers.