Closing Costs in Hurghada Range From 7% to 11% — What Buyers Need to Budget Beyond the Purchase Price

The advertised price of a property in Hurghada is only part of the financial picture. Buyers — particularly those purchasing for the first time in Egypt — need to budget for additional acquisition costs that typically range from 7% to 11% of the purchase price, according to the latest foreign buyer guide.

What Is Included

The cost breakdown includes several components. Stamp duty and notarisation fees account for roughly 1–2% of the purchase price. Real estate registration fees add approximately 2–3%. Legal fees, translation costs, and administrative charges contribute another 1–2%. The largest single item is the sales tax or equivalent levy, which varies by transaction structure.

• Stamp duty and notarisation: 1–2%
• Registration fees: 2–3%
• Legal and translation: 1–2%
• Sales tax and levies: 2–4%
• Miscellaneous administrative fees: 1%

Impact on Investment Returns

For an investor purchasing a EGP 5 million apartment, total closing costs of 7–11% would add EGP 350,000 to EGP 550,000 to the initial outlay. This significantly affects the net yield calculation and — combined with the five-year resale restriction — means that short holding periods are unlikely to generate attractive returns after costs.

“Buyers who factor closing costs into their initial budget from day one make better decisions. The ones who ignore them often find themselves stretched at the closing table.”

— Financial advisor, Hurghada Investment Services

Planning Ahead

Experienced buyers recommend budgeting 10% above the purchase price to cover all acquisition-related expenses comfortably. Working with a transparent broker or legal representative who provides a detailed cost estimate before any commitment is signed is the single most effective way to avoid surprises.