Egypt PM Madbouly: Foreign Real Estate Investment is Welcome — What This Means for Hurghada Buyers
Egypt’s Prime Minister Mostafa Madbouly has publicly endorsed foreign investment in the country’s real estate sector, stating that foreign ownership of property “should not be viewed negatively” — a significant signal for international buyers considering the Red Sea market.
Speaking at a recent press conference, Madbouly emphasised that foreign buyers ultimately acquire property rather than land, drawing a distinction that addresses longstanding concerns about sovereignty and foreign ownership in Egypt’s resort zones. He noted that several major countries have adopted successful approaches to foreign real estate ownership, and Egypt views their experience “with admiration.”
A Clear Vote of Confidence for Foreign Buyers
The Prime Minister’s remarks come at a pivotal moment for Egypt’s property market. With Hurghada and the Red Sea coast already open to foreign buyers under Law No. 230 of 1996 — allowing up to two residential properties per foreigner, each up to 4,000 m² — the statement signals continued government support for international investment in the sector.
Key aspects of the current foreign ownership framework remain unchanged:
- Full freehold ownership — no mandatory local partner required
- Red Sea resort zones (Hurghada, Sahl Hasheesh, El Gouna, Makadi Bay, Soma Bay) are unrestricted for foreign buyers
- Inheritance rights protected under Egyptian law
- Residency by investment starting from $100,000 for a renewable one-year permit
What This Means for Hurghada Property Investors
The PM’s positive stance on foreign real estate investment reinforces Hurghada’s position as a secure destination for international property buyers. For those considering a purchase, this development adds to a growing list of favourable factors:
- Regulatory confidence: High-level government endorsement reduces perceived political risk for foreign buyers
- Market momentum: Egypt’s real estate market is projected to grow from $136.8 billion (2025) to $180.9 billion by 2030 (CAGR 5.7%)
- Coastal outperformance: Red Sea property prices rose 20-30% in 2025, with a further 8-12% forecast for 2026
- Rental yields: Hurghada delivers 8-12% short-term rental returns — among the highest in the Mediterranean and Red Sea region
Broader Context: Egypt’s Pro-Investment Momentum
The Prime Minister’s statement aligns with a series of pro-investment measures in 2026:
- Digital real estate tax platform: New mobile app for property tax filing, 25% discount for timely payments
- Higher tax exemption threshold: Raised from 2 million to 8 million for primary residences (Law 3/2026)
- BEBA London conference: Red Sea coast positioned as a global investment destination (June 3-5, 2026)
- Tourism growth: Egypt on track for 18+ million visitors in 2026, with Hurghada remaining the #1 beach destination
What Experts Say
Speaking to Businessmen EG, real estate analysts noted that PM Madbouly’s endorsement removes ambiguity about the government’s stance on foreign ownership. The Foreign Property Ownership in Egypt guide published by MAMO Property already confirms that Red Sea resort zones are fully open — the PM’s statement reinforces this at the highest level of government.
Bottom Line
For international buyers looking at Hurghada’s property market, the Prime Minister’s clear endorsement of foreign investment adds political certainty to an already compelling investment case. With strong capital appreciation, market-leading rental yields, and continued infrastructure investment along the Red Sea coast, the fundamentals for Hurghada property remain among the strongest in the region.
Ready to invest in Hurghada? Contact MAMO Property for expert guidance on the best properties in Hurghada, Sahl Hasheesh, and El Gouna.
📱 WhatsApp: +20 115 298 0998
🌐 mamoproperty.com — Browse all Red Sea properties
Sources: Businessmen EG (24 June 2026); Prime Minister’s press conference; Law 230/1996; arD First Annual Report; Next Move Strategy Consulting.
📚 Further Reading:
- our comprehensive Red Sea location comparison guide
- our complete El Gouna buyer’s guide
- our detailed Sahl Hasheesh area guide
- our Makadi Bay investment guide
- our rental yield comparison and ROI calculator
- our complete guide to foreign property ownership in Egypt
- our residency-by-investment guide
- our Hurghada property appreciation trends analysis
- our complete buyer’s guide covering all fees and taxes
- our analysis of Egyptian Pound trends and foreign reserves
- our Egypt tourism 2026 impact analysis
Co-founder of MAMO Property, real estate specialist in Hurghada with 16+ years experience in Egyptian property market.
