Investment Guide

Investment Guide

Category: Investment Guide

5-Step Guide to buying a property in sharm el sheikh
CategoriesInvestment Guide

The 5-Step Guide to buying a Property in Sharm El Sheikh

By Intrazero,
Introduction

Steps to Buy Property in Sharm El Sheikh for Egyptians and Foreigners

Sharm El Sheikh is not only a world-class tourist destination but also one of the most attractive real estate markets in Egypt. Whether you are Egyptian or foreign, owning property here is a smart investment. In this article, we’ll guide you through the key steps to buy real estate in Sharm El Sheikh, and how to choose the right real estate developer in Sharm El Sheikh among the many real estate projects in Sharm El Sheikh.
Step 1

Define your purpose

Before starting your search for property in Sharm El Sheikh, it’s important to identify your goal:
  • Permanent residence or a holiday home.
  • Investment (short-term rentals such as Airbnb, or long-term rentals).
  • Resale for capital appreciation.
Step 2

Choose the right developer

Your success depends largely on selecting a trusted real estate developer in Sharm El Sheikh. Look for:
  • Strong reputation and successful past projects.
  • On-time delivery and high-quality finishing.
  • Flexible payment plans that suit your budget.
Step 3

Study the project carefully

When comparing different real estate projects in Sharm El Sheikh, pay attention to:
  • Location (close to the beach, Naama Bay, or central areas).
  • Facilities and services (security, pools, commercial centers, parking).
  • Occupancy rates in the area (important for investors).
Step 4

Legal procedures

  • For Egyptians: The process is simple with a preliminary sales contract followed by registration.
  • For foreigners: Egyptian law allows foreigners to buy real estate in Sharm El Sheikh under certain conditions — properties must be for residential use, and ownership comes with a renewable temporary residence permit.
Step 5

Handover and property management

After purchase, you can move in or use your unit as an investment. Some real estate developers in Sharm El Sheikh offer property management and rental services, ensuring you get a stable return on investment.
Conclusion

Your real estate investment journey in Sharm El Sheikh

Whether you are looking for a luxury residence or a profitable investment, your journey starts with choosing the right partner. With Sunny Group Developers, you can explore the best real estate projects in Sharm El Sheikh and find the perfect property in Sharm El Sheikh tailored to your needs.

Ready to own your property in Sharm El Sheikh ؟

Browse all Sunny Group properties and explore the best real estate projects in Sharm El Sheikh with flexible payment plans.

An interview with Sunny Group CEO Sunny Group в Шарм-эль-Шейхе
CategoriesInvestment Guide

Interview with Sunny Group’s CEO

By Intrazero,

In a recent TV interview, Sunny Group’s CEO shared his journey in real estate development in Sharm El Sheikh. Starting with small telecom shops, he now oversees 11 projects, including “Sunny Beach” and “Royal Sunny Beach.” He emphasized the need to simplify residency and property registration for foreigners to boost sales and highlighted the company’s focus on creating multicultural residential spaces. Looking ahead, he plans to expand into Cairo, continuing to innovate and meet customer demands.

Introduction

From a Telecom Shop to Real Estate Leadership: Sunny Group’s CEO Journey in Sharm El Sheikh.

In a recent TV interview, the Chairman of Sunny Group shared his inspiring 27-year journey in the real estate sector in Sharm El Sheikh. Starting with a humble telecom shop in the Old Market, he has successfully transformed Sunny Group into one of the city’s leading developers, managing 11 major projects. The interview sheds light on his experiences, challenges, and the strategies behind Sunny Group’s impressive portfolio.

Watch the full interview below:

From Humble Beginnings to Real Estate Pioneer

The Chairman revealed that his journey began in 1997, with a goal of earning a stable income through a small rental property. Starting with telecom shops catering to the city’s growing expat community, he quickly recognized the potential in real estate. His first project—a divided villa sold as apartments within six months—laid the foundation for his real estate career.

 

This early success inspired him to fully transition into real estate, leveraging his knowledge of the market and a customer-centric approach. Over the years, Sunny Group has launched a diverse range of projects, including residential units, villas, and tourism-focused properties.

Key Milestones and Lessons Learned

The Chairman emphasized that experience played a crucial role in shaping his development approach. Not an engineer by profession but a law graduate, he collaborated with top architects and constantly analyzed customer feedback.

One notable project, “Sunny Village,” became a commercial success, attracting both local and international buyers. Later, “Sunny Beach” and the under-construction “Royal Sunny Beach” continued the trend, offering innovative designs and amenities tailored to diverse clientele, including Italian, British, and Russian buyers.

Vision for Sharm El Sheikh and Beyond

During the interview, he discussed the importance of creating a seamless experience for foreign investors, highlighting the need for simplified property registration, easier residency processes, and enhanced infrastructure. His vision includes transforming Sharm El Sheikh into a hub for international buyers by making property transactions more accessible.

Key suggestions included:

  • A centralized property registry for Sharm El Sheikh.
  • Faster residency permits tied to property ownership.
  • Options for foreigners to make payments in foreign currency, boosting Egypt’s economy.

Future Projects and Expansion Plans

Sunny Group’s latest venture, “Royal Sunny Beach,” blends villas, tourist apartments, and hotel-style amenities, showcasing the Chairman’s commitment to innovation. Additionally, the company plans to replicate its Sharm El Sheikh success in Cairo, bringing its expertise to the capital’s competitive market.

“Sharm El Sheikh remains our priority, but expanding to Cairo is a natural next step for Sunny Group,” the Chairman stated.

Conclusion

Summary of Interview

Sunny Group’s journey exemplifies how vision, adaptability, and customer focus can turn challenges into opportunities. With ambitious plans and a track record of success, the company continues to shape Sharm El Sheikh’s skyline while exploring new horizons.

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