Apartment for Sale in Clan Residents Red Sea, Magawish

Magawish is one of the most popular locations for international property buyers on Egypt's Red Sea coast. This apartment is for sale in Magawish, offering year-round sunshine, direct Red Sea access, and strong rental demand from the 15 million+ tourists who visit Hurghada each year.

Foreign buyers can own property in Hurghada on a full freehold basis, with no leasehold restrictions. There is no stamp duty and no buying tax for overseas buyers — saving thousands compared to the UK, Spain or France. Most new developments offer 0% interest payment plans from 10% deposit, with no credit checks or bank approval required.

This studio apartment. Located in Magawish, Hurghada.

Hurghada has delivered capital appreciation of 8–15% per year since 2022. Short-term holiday rentals achieve annual yields of 7–12% depending on area — driven by 330+ sunny days and 5-hour direct flights from the UK.