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Old 07-07-2008, 01:47 PM
CarolineF CarolineF is offline
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Join Date: Jul 2008
Posts: 2
Default Foreigners Renting Property in Sharm El Sheikh

Dear Zeiad,

I am new to this forum and am considering buying a property in Sharm El Sheikh or one of the areas on the mainland Red Sea coast. I have read your post on the legal situation in Sharm and wondered if you could help clarify something for me.

One of my critera is that I can rent the property out when I am not using it. Is it the case that it is not possible for foreigners to rent properties in Sharm El Sheikh even if they have this usufract means of ownership? Is there a way of getting round the restriction?

I would be very grateful for a response - as this will certainly help me to make a decision on Sinai vs mainland.

Thank you.
Caroline
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