Sharm El Sheikh

Sharm El Sheikh is Egypt's premier Red Sea resort city, located on the southern tip of the Sinai Peninsula. The city has been one of the Mediterranean basin's most successful resort destinations for three decades, drawing 5-7 million annual visitors (pre-COVID levels now restored) and serving as a primary diving, beach, and conference destination. Residential prices in beach-adjacent compounds (Naama Bay, Hadaba, Nabq, Sharks Bay) range from EGP 30,000-65,000 per square metre (USD 600-1,300), with strong short-let / holiday rental yields of 8-12% gross when properly managed. The market is highly compound-driven -- foreign buyers almost exclusively purchase in serviced gated developments with pool, beach access, and rental management. For international buyers, Sharm offers cheap entry, strong short-let yields, zero foreign ownership restrictions, and exceptional Red Sea natural amenity. The catch: seasonality (winter peak, summer slow), heavy reliance on UK/Eastern European tour operators, and sporadic regional security headlines that can damage tourist arrivals.