There are several forms of property ownership in Egypt. On the Sinai Peninsula (Sharm el-Sheikh, etc.), a foreigner has the right to purchase real estate on a long-term lease for up to 99 years (leasehold).
The ban on obtaining private property rights in this region was established by an administrative decree in 2005. At the same time, the leasehold holder can dispose of the property at his own discretion: sell, rent, give away, or pass on by inheritance. There are no restrictions on the number of objects purchased on a leasehold or their area. After the expiration of the contract, the owner is granted the preferential right to extend the leasehold for the next 99 years.
Usufruct is another form of ownership on the Sinai Peninsula. In essence, this is the same long-term lease for up to 99 years or until the death of the lessee. It differs from a leasehold in that it does not give the right to modify the object in any way. Upon expiration of the term, the property is returned to the seller company, while leasehold allows you to extend the lease or transfer ownership by inheritance.
In the African part (for example, in Hurghada), real estate is registered as full unconditional ownership (freehold).
Previously, foreigners were allowed to obtain a certificate of ownership and register in the state register the ownership of no more than two properties with an area of up to 4 thousand square meters, but in 2023 the restriction was lifted.