Sharm El Sheikh, the city of peace, is set to be the first international touristic, leisure and holiday destination in Egypt. Since its establishment, the city has been on the pace of achieving this vision. It has been the home for much of the worldwide squash championships and the host for most of the international peace conferences. The beauty of the squash matches taken place in a glass court by the seaside and peace conferences being held amongst the world’s most marvelous nature has brought the world attention to the city. Sharm El Sheikh has been the starting point for many investors and businessmen to launch their own projects and trademarks. This has opened many vacancies for much of the manpower from Egypt and all over the world, which increased the demand for properties for sale in Sharm El Sheikh.
Sharm El Sheikh is peacefully shredded by different cultures from all over the world and is permanently welcoming new visitors. Thus, the real estate market has gradually developed to fulfill the requirements of homebuyers, who are looking for villas in Sharm El Sheikh for sale.
A diversified variety of Sharm El Sheikh Villas for sale are widely available throughout the city, to offer homebuyers the opportunity to live each according to his own lifestyle; from luxurious and cheap villas. The price of the villas in Sharm El Sheikh varies according to the property’s location, space, and amenities.
1- Location
Sharm El Sheikh includes many residential neighborhoods that differ from the touristic ones in the theme and infrastructure; usually, the price of a villa in one of these neighborhoods is less expensive. These areas consist of a group of residential properties ranging from villas and apartments, away from the coastal part of the city. They include all the facilities and services that meet the residents’ needs such as supermarkets, shopping malls, shops and restaurants along with schools. The average price of a villa for sale in Sharm El Sheikh in one of the neighborhoods is 1,000,000 EGP.
On the other hand, villas for sale in popular touristic destinations in Sharm El Sheikh such as Nema Bay come with a slightly higher price tag. Though, more expensive than other homes in Sharm El Sheikh, villas for sale in Nema Bay are the most popular property type amongst homebuyers. Because not only Nema Bay is an amazing natural bay and a beautiful resort to live in, it is also the main hub for tourists in the city thanks to its famous restaurants, cafes, bazaars, and hotels. This makes buying a home in Nema Bay one of the smartest investments, due to the high demand for rental villas there.
2- Space & Amenities
Villas are designed to be spacious and wide with numerous rooms to fit big families. However, not all villas are equal in the space. Villas in Sharm El Sheikh come in variable spaces starting from 400 sqm up to 1000 sqm, and the wider the villa is the more expensive it gets. The other important factor that affects the prices of Sharm El Sheikh Villa for sale is the amenities, such as the private swimming pools, garden spaces, backyards, private garages and maid rooms; in a nutshell, the more luxurious the villas are, the more expensive they are.