The Red Sea area, including cities like Hurghada and Sharm El-Sheikh, has seen significant growth in tourism in recent years. This has led to high demand for vacation homes, hotels, and other hospitality-related real estate.
The Egyptian government has invested heavily in improving infrastructure like roads, airports, and utilities in the Red Sea region to support the growing tourism industry. This makes the area more attractive for real estate investors.
Properties in popular Red Sea resort towns can generate high rental income, especially during the peak tourism seasons. This can provide good returns for real estate investors.