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    2 Bedroom Apartment for sale at Soma Bay
    Safaga, Hurghada,Red Sea
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    EGP7,060,000
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    2 Bedroom Apartment for sale at Soma Bay

     (Write Review)
    Safaga, Hurghada,Red Sea
    Unit ID: U5353770
    5% Rental Yield
    2 Bedrooms
    2 Bathrooms
    103 SqM Size
    1 Floor
    Dec 2016 Completed
     (Write Review)
    Sale Price
    EGP7,060,000
    13

    About This Apartment

    This property is a 103 SqM apartment with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the Soma Bay project in Safaga, Red Sea and was completed in Dec 2016. You can buy this apartment for a base price of EGP7,060,000 (EGP68,500/SqM).

    2-Bedroom Apartment for Sale in Exclusive Somabay Location

    About This Apartment This property is a 103 SqM apartment with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the project in Soma Bay, Red Sea and it is scheduled for completion in Sep 2027. You can buy this apartment for a base price of €126,000 (€1,220/SqM). 2-Bedroom Apartment for Sale in Exclusive Somabay Location About This Apartment This property is a 103 SqM apartment with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the project in Soma Bay, Red Sea and it is scheduled for completion in Sep 2027. You can buy this apartment for a base price of EGP6,520,000 (EGP63,301/SqM). "2-Bedroom Apartment for Sale in Exclusive Somabay Location"
    • Somabay – An Oasis of Exclusivity and Style: Somabay is a private retreat for a discerning clientele—a place that embodies success, status, and refinement. Here, international businesspeople, affluent families, and prominent leaders from around the world find their second home. Somabay offers a world where exclusivity and a sophisticated lifestyle define daily life, making it the perfect getaway for those who seek only the best. About the Apartment Offering in Baywest Valley Somabay: The Baywest Valley project spans 292,760 m² and includes 533 suites across villas, chalets, and apartments, surrounded by exotic plants and expansive swimming ponds. Modern buildings feature a maximum of six units per residence, ensuring privacy and exclusivity. The apartments are east-facing with spacious balconies offering unobstructed views of the azure sea. Large windows bring in ample natural light and stunning vistas. Each 103 m² apartment includes two bedrooms, two bathrooms, a kitchenette, and a balcony—ideal for mid-sized
    •  
    • families looking to enjoy the sunny climate year-round. The project is scheduled for completion three years after the contract date. The payment plan includes a 10% down payment and a seven-year term with interest-free quarterly installments. (Cash payments may receive discounts of up to 25%.)
    •  
    • Somabay as an Investment Location: Somabay offers numerous advantages for investors: low additional purchase costs and high demand for vacation rentals. The presence of renowned hotels such as Kempinski, Sheraton, and The Cascades drives continuous value appreciation. A professional management team handles rental services, and flexible, interest-free payment plans make it easy to get started.
    •  
    • Leisure Activities in Somabay: Somabay invites sports and leisure enthusiasts to world-class events and activities all year round:
      • Golf: Enjoy unforgettable moments at the Gary Player and Tim Lobb-designed golf course.
      •  
      • Kitesurfing: Ideal conditions for beginners and pros alike at the 7BFT Kite Surfing Center.
      •  
      • Diving: Discover top dive spots with the ORCA Dive Center.
      • Wellness: Pure relaxation awaits at the Cascades Spa & Thalasso.
      •  
      • Marina & Beach Clubs: Stylish retreats for relaxing days.
      • Leisure & Attractions: Excitement at Soma Splash Aqua Park and Soma Raceway.
      •  
      • Horse Riding: Experience riding tournaments and scenic rides at Jasmine Horse Stable. About us;My name is Khoder Fattah, Managing Director of Reed Sea Properties. I have over 22 years of experience in the real estate and construction industry in Germany. I and my team in Hurghada on the Red Sea are happy to be available to you for construction quality controls, market analyses, purchase advice and an independent, free initial consultation. “I look forward to a successful collaboration with you."
      •  
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    Basic Information

    Date Listed Apr 9, 2025
    Updated 1 month ago
    Property Type Apartment
    Floor 1
    Bedrooms 2
    Size 103 SqM
    Price per SqM EGP68,500
    Pets N/A
    Apartment Ownership
    N/A
    Furniture
    N/A
    View(s) N/A
    Unit Type N/A
    Building N/A
    CAM Fee
    The common area maintenance (CAM) fee has to be paid monthly by owners for the upkeep of the common areas of condominium and housing projects. For new build projects, it is common to pay between 1 - 3 years’ management fees in advance upon the transfer of the unit’s ownership.
    N/A
    Listed By
    Each listing provided by partnered agents is individually verified by FazWaz.com.eg. Partner Agents work for different brokerages or property management companies but have teamed up with FazWaz.com.eg so that we can provide you a wider choice of properties
    Agent / Partner
    Electricity Price N/A
    Water Price N/A
    Unit ID U5353770
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    Investment Opportunity: Charges & Yield

    Sale Price
    EGP7,060,000
    Price-to-Rent Ratio
    The price-to-rent ratio is calculated at the individual home level, where the sales price is divided by 12 times its monthly rent price.
    22
    Rental Yield
    This is the gross rental yield based on the estimated rental rate. To calculate this figure we use the average monthly rent rates (for 1-year contracts) from other 2 bedroom apartments at Soma Bay, and the current sales price.
    5%

    Project Details

    Project Name: Soma Bay
    Developer: N/A
    Construction: Completed (Dec 2016)
    Floors: N/A
    Buildings: N/A
    Units: 11
    Project Area: N/A
    Nearest Landmark N/A
    Location: Safaga, Red Sea
    Soma Bay Project Details
    Contact us
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    By ticking this box, you agree that your enquiry will be sent to an external agent or the individual who posted this listing. FazWaz.com.eg only facilitates this connection and is not responsible for the property, listing accuracy, or any subsequent interactions. We strongly advise against transferring money before personally viewing the property and signing a formal contract. Your personal data may be shared with the external agent or lister as necessary for this enquiry.

    Available Units at Soma Bay

    For Sale 11 For Rent 1
    • All
    • Studio
    • 2 Beds
    • 3 Beds
    EGP7,059,282
    EGP43,393,354
    Get notified when new homes are being added to Soma Bay
    View All (11)

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    Red Sea
    Safaga

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