Shary

Chalet with 149 sqm in Reef Town

Code CH09

Hurghada, Red Sea, Egypt

Price 28,800,000 EGP

Growth rate +16%

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Payment plans

Original plan 1,296,000 EGP / quarterly 1,440,000 EGP down payment 5 years Details
Total price
28,800,000 EGP
5% paid as down payment 95% remaining
down payment
1,440,000 EGP
Total installments
25,920,000 EGP
You will pay EGP 1,296,000 every 3 months
Delivery payment
1,440,000 EGP
Maintenance fees
100,128 EGP

Chalet

Size
149 m²
Beds
3
Baths
3
Finished
Yes
Reference no.
CH09
Price starts from
28,800,000 EGP
Delivery in
2029
Sale type
From developer
Finishing
Fully Finished
Maintenance fees
100,128 EGP
Features
Prime Location
Address
Reef Town Soma Bay Hurghada
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Investment insights

Price growth (EGP million)

  • After delivery
  • Market price
Expected price by year (EGP)
YearAfter deliveryMarket price
202628,800,00027,936,000
202733,408,00032,406,000
202838,753,00037,591,000
202944,954,00043,605,000
203052,146,00050,582,000
203160,490,00058,675,000
203270,168,00068,063,000

Resale value

After delivery

44,954,000EGP

Estimated profit

16,154,000EGP

  • Growth rate +16%

Shary Index analysis

Last updated November 2026
Market score Expected growth —

Price per meter range 193,300 – 209,800 EGP/m²

  • 48
    Shary Index
How is it calculated?

Shary Index components

Average price vs. the area

90 20%

Project price growth

22 20%

Area growth

23 20%

On-time delivery

88 20%

Services and facilities

19 20%

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Amenities

  • Ongoing Maintenance Services
  • Private Pool for VIP
  • Private Beach Access
  • Barbecue Area
  • Landscaped Garden
  • Playground for Children
  • Swimming Pool

Description

Unit 80430A in Reef Town, Phase 3. Ground floor with terrace. Fully finished without ACs. Delivery in 3 years. 5% down payment, 5% after 3 months, and remaining installments over 5 years. Annual maintenance: EGP 100,128.

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Abu Soma Development (Somabay) logo

Abu Soma Development (Somabay)

About Abu Soma Development (Somabay)

Abu Soma Development (Somabay) is a well-known developer in the Egyptian market, with residential and commercial projects in several areas. It focuses on build quality and on-time delivery, which shows in its Shary Index rating. See all its projects and prices on the developer page.

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FAQs

Who is the developer of Reef Town Soma Bay Hurghada?

Soma Bay Real Estate Development Company.

What is the total area of Reef Town Soma Bay Hurghada?

The project is part of Soma Bay, which covers approximately 10 million square meters.

What are the prices of units at Reef Town Soma Bay Hurghada?

Chalet prices start from EGP 18,320,000 in 2026.

What types of units are available at Reef Town Soma Bay Hurghada?

The project offers chalets starting from 105 square meters, including three-bedroom options starting from 112 square meters.

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