Solaria Hurghada Investment Guide: Sheraton Street Residences by The Home Development
Solaria is a contemporary residential building on a corner plot in Sheraton Street, Hurghada, on Egypt’s Red Sea coast. According to the live Solaria property overview, it offers 162 branded residences (studios through two-bedroom homes, about 30–97 m²) in a single building on a 1,250 m² corner site, with two swimming pools, a rooftop lifestyle deck, smart-lock entry and 24/7 services. The overview names the developer as The Home Development, shows studio prices from EGP 1,680,000 (€28,718) on the October 2026 price list, and states handover within two years of the purchase contract.
This guide is for buyers comparing a Sheraton Street / Hurghada Center ticket — a lively tourist corridor — not a first-row beach pitch and not a substitute for higher-demand resort belts such as El Gouna, Sahl Hasheesh, Makadi or Soma Bay. Read the overview for current inventory, then ask MAMO for the live unit-by-unit sheet before you decide.
Solaria at a glance: key facts for Hurghada property buyers
| Detail | Per MAMO property overview (fetched 25 Oct 2026) |
|---|---|
| Project | Solaria — Sheraton Street Residences |
| Location | Sheraton Street, 2nd row off Sheraton Road, behind Costa Coffee, opposite Sea Gull Hotel, Hurghada, Red Sea, Egypt (corner frontage on Street 1, Street 2 and Street 3) |
| Area context | City-center / Sheraton tourist corridor; page title also tags El Kawther — confirm public label with Eng. |
| Developer | The Home Development (founded 2015; overview: six projects delivered to date) |
| Concept | Living + investment residences; balcony in every unit; rooftop sea-view deck |
| Units | 162 total — 26 basement, 24 ground, 28 on each of four typical floors (B + G + 4) |
| Availability (on page) | 129 available, 33 reserved, none sold on the current October 2026 price list |
| Sizes | About 30–97 m², studio to two bedrooms |
| Unit types | Studio; Studio + Garden; 1 Bedroom; 1 Bedroom + Garden; 2 Bedrooms |
| Plot | 1,250 m² corner site |
| Pricing (overview matrix) | Studios from EGP 1,680,000 · €28,718; 2 bedrooms from EGP 4,560,000 · €77,949 (see table below) |
| Payment (overview) | 30% down, then 12 quarterly instalments over 3 years; cash 15% discount; maintenance deposit 8% |
| Handover (overview) | Within two years of the purchase contract |
| Buyer commission via MAMO | 0% on developer projects |
Always reconfirm price, plan and handover on the unit you reserve — lists move. Russian-language overview (same project; Blog RU still missing): Solaria on mamoproperty.ru.
Location: Sheraton Street, second row off Sheraton Road (Hurghada Center)
Solaria sits in the second row off Sheraton Road, behind Costa Coffee and opposite the Sea Gull Hotel, with the building fronting three streets. The property overview states approximate travel times of 15 minutes to Hurghada International Airport, 5 minutes to Hurghada Marina, and 8 minutes to the tourist promenade and the beaches — with downtown bazaars, restaurants, cafés and hospitals a few steps away.
Honest area framing for investors: Eng. Mahmoud’s beach-row map lists Solaria as Sheraton Street صف تاني (2nd row) — pitchable for buyers who want a lively Sheraton / center vibe and a ground-floor option when available, not as first-row “feet in the water.” Beaches are a short drive/walk per the overview, not a private beach product in the body’s amenity list. If your brief is first-line sea only, compare first-row stock on best areas to invest in Hurghada and ask us before you lock Sheraton second-row.
Solaria also appears in MAMO’s property for sale in Hurghada Center featured context as a Sheraton / midtown option. Browse the wider catalog on Hurghada property and the real estate investment in Hurghada hub when you compare districts.
Unit types, sizes and price guide (as on the MAMO overview)
The overview publishes a price matrix in Egyptian pounds with euro equivalents from the October 2026 price list. Figures below are as shown on the live page at fetch — not a MAMO mark-up claim beyond that page. Ask for the current developer inventory before any EOI.
| Unit type (overview) | Size band (overview) | Price (overview) |
|---|---|---|
| Studio | 30–36 m² | EGP 1,680,000 · €28,718 |
| Studio | 38–45 m² | EGP 2,204,000 · €37,675 |
| Studio | 46–48 m² | EGP 2,530,000 · €43,248 |
| 1 Bedroom | 52–63 m² | EGP 2,860,000 · €48,889 |
| 1 Bedroom | 54–58 m² | EGP 3,135,000 · €53,590 |
| 1 Bedroom | 58–64 m² | EGP 3,420,000 · €58,462 |
| 1 Bedroom | 60–65 m² | EGP 3,640,000 · €62,222 |
| 2 Bedrooms | 67–97 m² | EGP 4,560,000 · €77,949 |
Garden variants (Studio + Garden, 1 Bedroom + Garden) are listed on the same October 2026 sheet; the overview notes the full unit-by-unit schedule, the 30% down-payment plan, quarterly instalments and the 8% maintenance deposit. Every apartment is described as having its own balcony. Full floor plans (basement, ground and four typical floors) are available from MAMO on request.
Currency note: prices are quoted in EGP with EUR equivalents as published on the list. Confirm the exact EGP schedule and FX treatment on the contract you sign. RU overview notes developer pricing in EGP (and presentation conversions) — do not invent a separate EUR “MAMO price.”
Amenities, architecture and services
Solaria is marketed as a light-filled corner landmark (“where three streets meet the sun” per the developer line on the overview). Amenities and design points listed on the Solaria overview include:
- Contemporary Red Sea façade in white, glass and warm timber screens
- Private balcony on every unit; open living areas and wide glazing
- Landscaped courtyard walks inside the plot
- Two swimming pools and a pool deck with a water wall
- Rooftop lifestyle deck — sun deck, landscaped garden, lounge and bar, with a sea view from the roof
- Three elevators
- Smart-lock entry in every unit (keyless access suited to owners who rent)
- Central satellite system (no dishes on balconies)
- 24/7 security and CCTV
- Guest management programme and concierge services
Solaria sits on a second-row plot on Sheraton Street: beaches are about eight minutes away on the published overview, and the live unit list is studio, one-bedroom and two-bedroom only — not private-beach or duplex marketing.
Payment plans, handover and how remote purchase works with MAMO
Plans shown on the property overview
| Option | Structure (overview) |
|---|---|
| Instalment plan | 30% down payment, then balance in 12 quarterly instalments over 3 years |
| Cash | 15% discount on the price |
| Maintenance deposit | 8%, paid in instalments, final part before hand-over |
The on-page payment calculator notes 0% interest on the developer’s indicative schedule — confirm with sales. Treat the signed contract as the source of truth.
Handover
The developer delivers Solaria within two years of the purchase contract, with the schedule written into the contract and the final maintenance instalment paid before hand-over. The overview emphasises a single building on a 1,250 m² plot as the reason delivery is measured in years rather than seasons.
Buying with MAMO (approved process)
- Tell us your budget, preferred floor (Eng. buyer pattern often asks for GF on Solaria when available), unit type and cash vs instalments.
- Receive the current inventory, floor plans and a live video walkthrough if you are abroad.
- Document check: MAMO works with El-Bedihy Law Firm to review project papers. Use our verification checklist for what to ask.
- Remote purchase: MAMO sends the contract; you pay the developer directly. On developer projects, buyer commission is 0% through MAMO (resale would be 2.5% — Solaria here is sold as developer stock on the overview).
- After handover: furnishing is a separate service if you need it. Holiday-rental management is available at a 25% management fee; rental income is paid monthly to your account in that account’s currency, minus transfer fees.
More on the path: buy an apartment in Hurghada remotely and how to buy as a foreigner. Property management overview: property management Hurghada.
Investment angle: rent potential, area honesty, and who Solaria suits
Hurghada rental yields discussed with MAMO clients are typically 7–12% depending on project and area — and never guaranteed. Unit view, finishing, furnishing and management quality move the result as much as the district. We do not publish a Solaria-specific yield % or occupancy figure in this guide.
Sheraton Street / Center context: this is a lively tourist corridor with restaurants, cafés and nightlife on Sheraton Road — useful for short-stay demand when the unit is well finished and managed. It is still second row, not first-line beach, and it is not in the higher qualitative demand tier of El Gouna, Sahl Hasheesh, Makadi or Soma Bay. Price the entry ticket, service charges and expected seasonality honestly against those resort belts when you build a portfolio.
Solaria tends to fit if you want:
- A studio to two-bedroom ticket in the Sheraton / Hurghada Center corridor with published amenities (pools, rooftop deck, smart locks)
- An entry level starting around the overview’s €28,718 / EGP 1,680,000 studio band (confirm live list)
- Instalments with 30% down over three years, or cash with the published 15% discount
- Hands-off rental via guest management on-site and/or MAMO management at 25% after purchase
- A lively location rather than a quiet residential outer district
Look elsewhere first if you need:
- First-row / feet-in-the-water positioning (ask for 1st-row stock; Eng. maps Solaria as 2nd row Sheraton)
- Trophy resort districts such as El Gouna or Soma Bay / Sahl Hasheesh seafront compounds
- Guaranteed yield or published occupancy (we will not invent either)
For city-wide ROI framing, see Hurghada property investment ROI 2026 and best property management for expats.
Why buy Solaria with MAMO Property
- Operating since 2009; the LLC was registered in 2026
- 0% buyer commission on developer projects; 2.5% on resale
- 15 official developer partners
- Project documents reviewed with El-Bedihy Law Firm
- Full path: choose → buy (including remote) → furnish (separate) → manage (25% fee) → monthly income to your account currency minus transfer fees
- Licensed GOEIC real estate broker registry No. 200001681 (as stated on mamoproperty.com)
- Founders: Eng. Mohamed Naguib and Eng. Mahmoud Ahmed
MAMO is often found first as a holiday-rental / hotel-unit management company; many investors ask where to buy only after they trust the management side. That is the lens we use for Sheraton Street honesty checks — not brochure superlatives.
Frequently asked questions
Where is Solaria located in Hurghada?
On Sheraton Street, second row off Sheraton Road, behind Costa Coffee and opposite the Sea Gull Hotel, on a corner plot with frontage on three streets — per the Solaria property overview. It is a Hurghada Center / Sheraton tourist-corridor location, not El Gouna and not first-row beach.
Who is the developer of Solaria?
The overview names The Home Development, founded in 2015, with more than ten years of residential development experience in Hurghada’s prime districts and in Cairo, and six projects delivered to date. MAMO markets the project at the developer’s published rates on that page.
What apartment types are available?
Studio, Studio + Garden, 1 Bedroom, 1 Bedroom + Garden, and 2 Bedrooms, about 30–97 m², with a balcony in every unit. Building: basement + ground + four typical floors; 162 units total. On the October 2026 list shown on the overview: 129 available, 33 reserved.
What are the starting prices?
As published on the overview’s October 2026 price guide: studios from EGP 1,680,000 (€28,718); two-bedroom homes from EGP 4,560,000 (€77,949). Ask for the live list; figures can change and contracts are typically EGP-denominated.
What payment plans and handover timeline are offered?
Per the overview: 30% down then 12 quarterly instalments over 3 years; cash with a 15% discount; 8% maintenance deposit in instalments. Handover: within two years of the purchase contract. Confirm on the signed schedule.
Can foreigners buy, and can MAMO manage the rental?
Yes — foreigners can buy freehold under Egyptian rules applicable to the project; follow the foreign-buyer process with legal review. After purchase, you may use the unit yourself, rent independently, or use managed rental. MAMO’s holiday-rental management fee is 25%; furnishing is separate; income is paid monthly to your account currency minus transfer fees. Yields are typically discussed in a 7–12% city-wide band depending on project and area — never guaranteed. Solaria’s Sheraton second-row position should be priced honestly against first-row and trophy-district alternatives.
Ask about available units at Solaria
- WhatsApp: +20 11 52980998
- Email: inquiry@mamoproperty.com
- Chat with Maya (AI assistant)
- Contact us · About MAMO Property
- Project page: Solaria Sheraton Street overview · Center hub: Hurghada Center property · Catalog: Hurghada property
Least-privilege automation user for Hermes/n8n (P0 2026-10-17). Contributor: can create drafts, cannot publish.
