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Property Prices in the North Coast

Publish Date: 01 Aug 2022

Finance101

Property Prices in the North Coast

All units were reserved within six hours

The North Coast or Sahel is one of Egypt summer retreats that has been very popular in recent years. Prices in Sahel are usually pretty high and only affordable to a certain segment of society. If you don’t know the difference between good Sahel and evil Sahel read our article GoodSahel vs. Evil Sahel: where to go

 

In this article we will explore the prices of properties in Sahel whether directly on the beach front, in the middle of the resorts/compound, or far away from the beach.

 

Reserving units in Sahel

 

In the last few days many pictures circulated on social media regarding the amount of people reserving property in Sahel. They wondered where do all these people get the money from especially considering how expensive the properties are

 

An Emirati company

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Villa in the North Coast

An Emirati company that invested in Sahel recently opened reservation for 300 units. The company offered beach houses of various sizes (villas and chalets) as well as commercial spaces in various locations in Sahel.

 

What do you know about Beit Al Watan? Find out more here

 

Average prices of villas in Sahel

 

  • Prices start at 12 million Egyptian pounds
  • Up to 20 million for properties in the middle of the compound
  • While beachfront properties can reach up to 120 million Egyptian pounds

 

How much is one villa in Sahel?

 

  • A 580 square meter villa can reach up to 105 million Egyptian pounds
  • 300 units with total value of 34 billion Egyptian pounds were on offer on a first come first serve basis.
  • Villas in the first phase were sold out within six hours

 

Also read August 2022 parties and concerts

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