Travco Properties is the real estate arm of Egypt's Travco Group, established in 2014, best known for Almaza Bay in Egypt.
2014
Founded
Off-plan properties in Red Sea Hurgada
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Area Overview
Description
The Red Sea / Hurghada region is Egypt’s premier international beach resort destination, stretching along hundreds of kilometers of natural coral coast. Anchored by the vibrant city of Hurghada, the region includes world-class master-planned resort communities: the self-contained luxury town of El Gouna, the elegant bay of Sahl Hasheesh, the sports-focused peninsula of Soma Bay, and the family-friendly Makadi Bay.
Unlike seasonal coastal markets, the Red Sea offers a 365-day year-round climate, attracting over 3 million international tourists annually—primarily from Western Europe, Eastern Europe, and the UK. El Gouna stands out as a fully integrated, eco-friendly private town featuring international schools, hospitals, golf courses, a film festival, and a thriving expatriate community. Connected globally via Hurghada International Airport (HRG), the region is a magnet for foreign real estate buyers seeking lifestyle holiday homes or high-yield rental properties denominated in hard currency.
Price Analysis
Top Destination for Foreign Real Estate Buyers
The Red Sea market—especially El Gouna and Sahl Hasheesh—is Egypt’s most international real estate sector. Over 40% of property buyers in El Gouna and Sahl Hasheesh are foreign nationals from Germany, the UK, Switzerland, France, and CIS countries seeking winter sun holiday homes or permanent retirement residences.
365-Day High Rental Yields in Hard Currency
Unlike seasonal summer markets, the Red Sea generates year-round rental demand driven by European winter sun tourists, digital nomads, and diving enthusiasts.
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Hard Currency Yields: Short-term vacation rentals managed through platforms like Airbnb or local management firms frequently yield 8% to 12% annually, with many rentals paid directly in EUR, USD, or GBP.
Master Developers & Resale Value
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Key Developers: Orascom Development (master developer of El Gouna), ERC (Sahl Hasheesh), and Soma Bay Development.
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Resale Liquidity: Properties in master-planned communities maintain exceptionally high resale liquidity due to strict architectural guidelines, private security, and self-contained municipal services.
Infrastructure
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The Red Sea coast is anchored by one of Egypt’s busiest international aviation hubs and fast coastal highways.
• Hurghada International Airport (HRG) (10–15 min drive from most resorts) — major international gateway operating non-stop year-round flights to Western Europe, Eastern Europe, the UK, and the GCC
• Red Sea Coastal Highway & Safaga Road (Direct access) — multi-lane highway linking all resort towns from El Gouna south to Soma Bay and Marsa Alam
• El Gouna Heliport & Abu Tig Marina (5–10 min drive within El Gouna) — private aviation helipad and superyacht marina
• El Gouna: 25 min drive from HRG Airport
• Sahl Hasheesh: 20 min drive from HRG Airport
• Soma Bay: 45 min drive from HRG Airport
• Luxor (Cultural excursion): 3.5 hours drive
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El Gouna and central Hurghada offer international education infrastructure catering to permanent expat families.
• El Gouna International School (EGIS) (5 min drive within El Gouna) — fully accredited international school offering British IGCSE and German educational streams
• German Hotel Management School (Hotelakademie El Gouna) (5 min drive) — prestigious vocational university campus affiliated with TU Berlin
• Hurghada University (15 min drive) — public university campus featuring faculties of marine science, education, and tourism
• Future International School Hurghada: 12 min drive
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Western-standard private hospitals and specialized hyperbaric diving medicine centers serve the entire coast.
• El Gouna Hospital (5 min drive within El Gouna) — modern multi-specialty hospital featuring full surgical suites, ICU, hyperbaric decompression chamber, and international medical staff
• Nile Hospital Hurghada (10 min drive) — leading private general hospital in central Hurghada providing 24/7 emergency care
• Sahl Hasheesh Medical Clinic (5 min drive) — community emergency and outpatient clinic located within the Sahl Hasheesh resort bay
• Red Sea Hospital Hurghada: 12 min drive
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Historic Coptic churches and modern coastal mosques serve the multicultural population of the Red Sea.
• El Mina Mosque (Hurghada Marina) (10 min drive) — landmark architectural mosque situated directly along the waterfront in central Hurghada
• St. Shenouda Coptic Orthodox Cathedral (12 min drive) — grand cathedral located in the historic El Dahar district of Hurghada
• El Gouna Mosque & Coptic Church (5 min drive) — community places of worship located within El Gouna
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Shopping along the Red Sea ranges from traditional bazaars to boutique luxury marinas.
• Abu Tig Marina Boutiques (El Gouna) (5 min walk) — upscale waterfront boulevard lined with designer fashion, resort wear, and art galleries
• Hurghada City Center Mall (10 min drive) — major indoor shopping mall featuring global retail brands, Carrefour hypermarket, and a cinema complex
• Senzo Mall (15 min drive) — popular shopping destination serving Sahl Hasheesh and southern Hurghada, housing international fashion brands and dining
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Renowned as one of the world’s top diving and marine sports destinations, the Red Sea offers endless outdoor recreation.
• Giftun Island & Orange Bay (45 min boat ride) — famous national park islands featuring shallow turquoise lagoons and white-sand beaches
• Sahl Hasheesh Bay Promenade (Direct access) — 12-kilometer paved beachfront boardwalk ideal for cycling, electric scooters, and sunset walks
• Soma Bay Golf & Kite House (Direct access) — world-class 18-hole championship golf course designed by Gary Player, paired with top-ranked kitesurfing spots
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Nightlife and gastronomy thrive 365 days a year across marinas, beach clubs, and open-air plazas.
• Abu Tig Marina & Downtown El Gouna (5 min drive) — vibrant pedestrian districts hosting international seafood restaurants, steak-houses, and wine bars
• Hurghada Marina Boulevard (10 min drive) — lively waterfront promenade lined with open-air cafes, live music venues, and lounge bars
• Club House & Elements Club (5–10 min drive) — famous beach clubs and nightlife venues hosting international DJs and beach parties
Developers in Red Sea Hurgada
Orascom Development is an international developer of integrated towns and resort destinations, with a track record spanning three decades. It is known for El Gouna in Egypt, Jebel Sifah and Hawana Salalah in Oman, Luštica Bay in Montenegro and Andermatt in Switzerland.
2016
Founded
FAQ
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What are the key differences between El Gouna, Sahl Hasheesh, and Hurghada City?
El Gouna is a fully private, eco-friendly master-planned town developed by Orascom, known for its lagoons, international schools, hospitals, golf courses, and high security. Sahl Hasheesh is an elegant resort bay located south of Hurghada, famous for its 12-km beach promenade, luxury hotels, and quiet residential compounds. Hurghada City is the main municipal center, offering a bustling urban atmosphere, traditional markets, affordable apartments, and a lively marina.
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Why is the Red Sea region popular among foreign property investors?
The Red Sea region offers 365 days of sunshine, direct flights from Europe via Hurghada International Airport, a low cost of living, and an established international expat community. Additionally, property prices are highly competitive compared to Southern Europe, while rental yields remain strong year-round—often collected in foreign currencies like Euros or US Dollars from European vacationers.
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Are foreign nationals allowed to purchase property in Hurghada and El Gouna?
Yes, foreign nationals of all nationalities are fully permitted to buy and own freehold real estate in Hurghada, El Gouna, Sahl Hasheesh, and Soma Bay. Property purchases in private master-planned developments are executed via developer sales contracts with full ownership rights. Foreign property owners can also register their units and apply for renewable Egyptian residency permits based on property ownership.
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What rental returns can an investor expect in El Gouna or Sahl Hasheesh?
Investors purchasing holiday apartments or villas in El Gouna or Sahl Hasheesh can expect gross rental yields ranging between 8% and 12% per year. Because the Red Sea attracts tourists year-round—with peak European arrivals occurring during the autumn and winter months—occupancy rates remain consistently high throughout all 12 months.
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How accessible is the Red Sea region internationally?
The region is served directly by Hurghada International Airport (HRG), which operates continuous daily non-stop flights connecting the coast to major cities across Europe (London, Frankfurt, Zurich, Vienna, Berlin, Prague), the Middle East, and Central Asia. Flight times from Western Europe are typically 4 to 5 hours, making it an easily accessible weekend or long-term holiday escape.
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