Somabay is a resort on the Red Sea of Egypt. It is a popular vacation spot for people all around the world. Some of the most popular attractions in Soma Bay are the amazing beaches, the world-famous coral reefs, and the historic ruins. The coral reefs are home to beautiful sea creatures, like octopi, and a large variety of fish. Soma Bay Owner has many different housing facilities, depending on your budget. There’s a large selection of hotels, apartments, chalets, and villas. You can also find a lot of different restaurants and shops all along the beach road and the main street.
Soma Bay Owner
The developer of Somabay, Abu Soma Development Company, wants to make significant investments in the real estate industry over the next year, to finish the development of Soma Bay and the current hotels in the project by the end of the year.
According to Ibrahim El-Messiri, CEO of Abu Soma Development Business, the company would invest around 600 million EGP in the real estate and construction sectors while finishing the project’s hotel development.
El-Messiri claimed that the business intends to develop around 4 million square meters of its land portfolio in Soma Bay, including the building of three new 500-room hotels, using self-financing worth 1.2 billion EGP, of which 70% has already been injected.
He also stated that more than 60% of the building work has been finished, and the business is presently undertaking utility supply and final finishing operations, assuming that the hotels are ready to open within the next year.
The “Somabay” project began in 1998 with five hotels: the Sheraton Soma Bay, The Westin Hotel, Breakers Hotel, and the Robinson and Kempinski Hotel, which opened in 2009.
Soma Bay is a tourist resort that spans 10 million square meters and is bordered by the sea on three sides.
Somabay Hurghada Properties
There are currently seven residential communities in Somabay that span different areas of Hurghada. They are called: Bay West, Soma Breeze,Wadi Jebal,Bay Central Residence, Blanca Somabay, Mesca Somabay, and Reef Town. Each community has numerous properties (homes) for you to choose from, based on your budget and needs. Be sure to check out our website for more information and to find out which property is best for you!
- Standalone villas in Bay West cost between 6,300,000 and 9,000,000 Egyptian pounds.
- Soma Breeze has a wide range of apartments for sale, with prices ranging from 2,691,000 to 8,100,000 Egyptian pounds.
- In addition, Wadi Jebal has standalone villas ranging in price from 9,350,000 to 18,805,000 Egyptian pounds.
- The pricing for the chalets and standalone villas at Bay Central Residence range from 6,446,000 to 26,330,000 Egyptian pounds.
- Prices for chalets and twin homes in Blanca Somabay range from 8,263,000 to 15,000,000 Egyptian pounds.
- Mesca Somabay features chalets and cabins ranging in price from 3,023,750 to 9,000,000 Egyptian pounds.
- Lastly, in Reef Town, you may find standalone villas and chalets for anywhere between 6,521,000 and 15,000,000 Egyptian pounds. The pricing for these properties varies greatly.
Please note that the prices of the available properties are constantly updated. For the latest updates on the price list, please check out Somabay Egypt listings.
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Conclusion
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