Rixos Opens Second Resort in Hurghada Amid Rising Polish Demand — Opportunity for Central European Investors
Rixos Hotels has opened its second resort in Hurghada — Rixos Premium Magawish Bay View — amid surging Polish tourist demand. What does this mean for Central European property investors?
Rixos Hotels Egypt officially opened Rixos Premium Magawish Bay View, its second resort in Hurghada, in June 2026. The launch comes amid a historic surge in Polish tourism to Egypt — with over 1 million Polish travelers visiting Egypt annually, making Poland one of the key European source markets for the Red Sea region.
For Central European investors and property buyers, this is a clear signal: luxury hospitality on the Red Sea is undergoing unprecedented expansion, and those who act now can benefit from growing infrastructure, rising rental yields, and an strengthening tourism ecosystem.
Rixos Premium Magawish Bay View: Resort Details
The new resort is located just 7 km from Hurghada International Airport and sits adjacent to the existing Rixos Magawish property. It features:
- 442 accommodations — premium rooms, spacious suites, and private villas
- 9 swimming pools including an infinity pool overlooking the beach and Red Sea
- 17 private villas, each with its own pool, plus an exclusive Villa Privé option
- Skyline Suites with private rooftop infinity pools (up to 240 m²)
- Direct beach access and a modern marina
- Water sports — snorkeling, scuba diving, kitesurfing, water skiing
- 5 restaurants — Turquoise (buffet), Casa Fiesta (South American), Peruana (Peruvian), Rasa (Indian), L’Olivo Ristorante (Italian)
- Anjana Spa with hammam rituals and massage treatments
- Ultra-all-inclusive concept
Nightly rates start from approximately €150–250 depending on season and room type — comparable to luxury resorts in Turkey and Greece, but at significantly lower per-square-meter prices for surrounding property purchases.
Why Polish Demand Signals Opportunity for Czech Buyers
Polish tourists are driving Hurghada’s expansion, but the Czech Republic shares the same market:
| Factor | Poland | Czech Republic |
|---|---|---|
| Direct flights to Hurghada | 10+ weekly (Wizz Air, Ryanair) | 3-5 weekly (Smartwings, Wizz Air) |
| Annual visitors to Egypt | 1,000,000+ | 150,000+ |
| Average vacation budget | €800–1,500 | €900–1,800 |
| Preferred locations | Hurghada, Marsa Alam | Hurghada, Sahl Hasheesh, El Gouna |
| Property purchase interest | Rising | Rising |
Poles and Czechs are nearly identical in investor profile — both nationalities seek:
- Properties in the €30,000–100,000 range
- Short-term rental (Airbnb/Booking.com) with 8–12% annual yields
- Sea access and resort amenities
- Simple purchase process for foreign buyers
When Rixos invests in another Magawish resort, it increases the area’s attractiveness — and consequently property values in the surrounding neighborhoods.
Egypt’s Tourism Boom: The Numbers That Matter
Egypt is experiencing its strongest tourism year on record:
- 15.7 million international tourists in 2024
- Target of 21 million visitors by end of 2026
- Hurghada remains a key destination with expanding air connectivity
- Rixos opens second resort — investors trust the market
- JAZ Hotels preparing 3 new projects (Albero, Palmira, Assila)
- Mövenpick took over Mercure Hurghada — luxury conversion
This expansion means higher demand for accommodation — and therefore higher rental yields for apartment owners near these resorts.
How to Invest: Practical Guide for Czech Buyers
Step 1: Choose Your Location
Magawish, Sahl Hasheesh, and El Gouna are the top 3 locations for investors seeking a balance of price, yield, and growth:
- Magawish — near airport, new resorts, prices from €35,000
- Sahl Hasheesh — premium beaches, 5★ hotels, prices from €50,000
- El Gouna — ultra-luxury, marina, prices from €80,000
Step 2: Understand the Purchase Process
Foreigners can legally purchase property in Egypt — up to 99 years of ownership (leasehold). The process includes:
- Property selection and reservation
- Document and title verification
- Contract signing and payment (cash or installments)
- Registration at the land registry
- Residence visa (optional)
Step 3: Calculate Your Returns
For short-term rental via Airbnb/Booking.com:
- Average Daily Rate (ADR): €40–80 per apartment
- Occupancy: 60–75% (seasonal average)
- Gross annual yield: €8,000–15,000
- Net yield after management (20–25%): €6,000–11,000
- ROI: 8–12% annually
Comparison with the Czech Market
| Metric | Prague (CZ) | Hurghada (Egypt) |
|---|---|---|
| Price per m² (apartment) | €3,500–5,000 | €800–1,500 |
| ROI (short-term rental) | 3–5% | 8–12% |
| Occupancy (average) | 70–80% | 60–75% |
| Price growth (year-over-year) | 5–8% | 10–15% |
| Entry investment | €150,000+ | €30,000+ |
Hurghada offers double the ROI at one-fifth the entry investment — that’s why Central European investors are coming.
Frequently Asked Questions (FAQ)
Can foreigners buy property in Egypt?
Yes. Egypt allows foreigners to own property on a 99-year leasehold basis. The process is transparent and conducted through authorized real estate agencies like MAMO Property.
What is the minimum investment for an apartment in Hurghada?
Studio apartments start from €30,000–35,000. Two-bedroom apartments in premium locations (Sahl Hasheesh, El Gouna) range from €50,000 to €100,000.
What is the average rental yield?
For short-term rental via Airbnb/Booking.com, you can expect 8–12% annual yield depending on location, size, and apartment furnishing.
Do I need an Egyptian visa to buy property?
Not for the purchase itself — you only need a visa for physical presence during contract signing. Many investors purchase remotely via Power of Attorney.
How do I get from Hurghada Airport to Magawish?
Rixos Premium Magawish Bay View is just 7 km from Hurghada International Airport — taxi ride takes approximately 10–15 minutes.
Is property investment in Egypt safe?
Egypt has stable legislation for foreign property ownership. It is important to work with an authorized real estate agency (like MAMO Property, Commercial Registry: 282312) and verify the legal status of the property before purchase.
Invest in the Future of the Red Sea
Rixos is investing millions in Hurghada. Join the investors who are already acting.
📞 +20 115 298 0998
MAMO Property is an official marketing partner of leading developers in Hurghada. Commercial Registry: 282312 | Tax ID: 779-072-677.
📚 Further Reading:
- our complete El Gouna buyer’s guide
- our detailed Sahl Hasheesh area guide
- our rental yield comparison and ROI calculator
- our complete guide to foreign property ownership in Egypt
- our residency-by-investment guide
- our independent comparison of real estate agencies in Hurghada
- our complete buyer’s guide covering all fees and taxes
- our installment plans and payment options guide
- our short-term vs long-term rental yield comparison
- our long-term rental market guide for landlords
- our Egypt tourism 2026 impact analysis
Co-founder of MAMO Property, real estate specialist in Hurghada with 16+ years experience in Egyptian property market.
