Red Sea Governorate Auctions 60+ Residential Units in Hurghada & Ras Ghareb — Bidding Opens June 23
The Red Sea Governorate has announced public auctions for the sale of over 60 residential units and commercial shops in Hurghada, plus 48 housing units in Ras Ghareb — offering investors a rare opportunity to acquire government-held real estate at competitive prices.
Auction Schedule
- Tuesday, June 23, 2026 — Hurghada: Admin units, 4 residences, 3 buildings (~60 units) near El Dahar Services Complex
- Wednesday, June 24, 2026 — Hurghada: Commercial shop rentals at Al-Boul Al-Tijari
- Thursday, June 25, 2026 — Ras Ghareb: 3 buildings (48 units) at Khor Rahmi
Key Details
- Sessions start at 12:00 PM at the Media Center (Hurghada) and City Conference Hall (Ras Ghareb)
- Insurance: 100,000 per residential unit / 25,000 per shop
- Documents: 355 from Governorate HQ
- Governed by Law No. 182/2018
Properties include units in Buildings 12 and 20 near El Dahar Complex. This is a rare chance to purchase government real estate at auction prices. Contact MAMO Property for inspection and bidding assistance.
❓ Frequently Asked Questions
Is buying property in Hurghada a good investment in 2026?
Yes. Hurghada offers lower entry prices (€30,000–€150,000), year-round tourism demand, and average rental yields of 7–10% net.
Can foreigners buy property in Hurghada?
Yes. Foreigners can own freehold property in Hurghada, Sahl Hasheesh, El Gouna, and Makadi Bay under Egyptian law.
What is the minimum budget for an apartment in Hurghada?
Studios start from €30,000, one-bedroom apartments from €50,000, and two-bedroom apartments from €80,000.
How does MAMO Property help international buyers?
MAMO Property offers direct partnerships with 20+ Red Sea developers, verified pricing, residency-by-investment support, and after-sale property management.
What areas around Hurghada are best for investment?
Sahl Hasheesh and El Gouna offer premium positioning; Al Mamsha and Intercontinental District offer strong short-term rental yields; Magawish and El Kawther offer best value for entry-level buyers.
🏖️ Talk to a Hurghada Property Expert
MAMO Property has direct partnerships with 20+ developers across the Red Sea coast.
📞 WhatsApp: +20 115 298 998
Co-founder of MAMO Property, real estate specialist in Hurghada with 16+ years experience in Egyptian property market.
