Abu Soma Touristic Development Company (ASDC) better known as Soma Bay Company is one of the leading tourism real estate companies in Egypt and the whole region. Although this is one of the most lucrative sectors in Egypt, many real estate giants overlook it. But ASDC grabbed the opportunity and established one of the best coastal destinations in the area – Somabay. In this article, we will discuss a brief history of the company and its projects.
Soma Bay Company
The story started when a group from the Swedish Embassy was touring the area and came across the mesmerizing bay. People then started going on dining trips there, then in the 80s, real estate developers started taking interest in the area. The Soma Bay Company (ASDC) officially opened its door in 1991 and started working on the Somabay Project.
By 1998, many international hotel chains including Sheraton and the Robinson started operating in the area. At first, the Somabay project included only hotels but over the past couple of years, Soma Bay Company saw an opportunity in building residential communities, suitable for people to actually move into!
In order to do that, Soma Bay Company made agreements with educational and medical institutions to bring them to Somabay’s lands. This means that anyone working remotely or looking to retire can easily move into Somabay!
On that note, the Soma Bay Company CEO – Ibrahim El-Missiri – said that ” Middle-aged people traveled to Gouna and Soma Bay during the pandemic and started thinking, this whole retirement thing is real. The Red Sea isn’t going to be the north coast, but it could become the first home for retirees or people who can do business remotely.”
Somabay Project
Fast forward to today, the Somabay project has 15 residential communities and 8 resorts across its vast space of 10 million square meters. However, that is only 40% of the project’s area, and there is still plenty of space to develop other communities and facilities.
One of the greatest things about the communities in Somabay is that there are countless options for properties. So whatever you are looking for you can easily find it! In addition to the wide range of prices that works for different budgets. With this in mind, let’s take a look at the properties currently available for sale in Somabay!
Learn more about life in Somabay: Somabay – Experience Real Luxury
Soma Bay Prices
At the moment, there are 7 Somabay residential communities that have properties available for sale;
- Blanca Somabay has chalets and twin houses listed for prices ranging between 8,263,000 and 15,000,000 Egyptian pounds.
- Whereas, Bay Central Residence features chalets and standalone villas with prices ranging between 6,446,000 and 26,330,000 Egyptian pounds.
- Meanwhile, Mesca Somabay has chalets and cabins with a price range of 3,023,750 to 9,000,000 Egyptian pounds.
- While Wadi Jebal features standalone villas with prices ranging between 9,350,000 and 18,805,000 Egyptian pounds.
- Also, there are standalone villas and chalets in Reef Town with prices ranging from
6,521,000 to 15,000,000 Egyptian pounds. - On the other hand, standalone villas in Bay West have a price range of 6,300,000 to 9,000,000 Egyptian pounds.
- Lastly, Soma Breeze features a myriad of apartments listed for prices ranging from 2,691,000 to 8,100,000 Egyptian pounds.
Please note that the prices of the available properties are constantly updated. For the latest updates on the price list, please check out Soma Bay listings.
Bay West Company created a whole living experience in Somabay that gives you all the luxuries of a city with a carefree environment of vacations! What are you waiting for? Get your property in Somabay today through Nawy and leave Cairo’s boring life behind! Simply tap on the WhatsApp icon and one of our property consultants will assist you.
