Payment Plans
Five years, or eight.
Two ways to pay for the same home. Pay it off in five years and the price drops by 20%. Spread it over eight years instead and each payment is about a quarter smaller.
5-year plan
18.4million EGP
Total price for a 110 m² home
- Pay it off in
- 5 years
- Number of payments
- 19
- How often
- Every three months
- To start
- 5% + 5%
5% within 15 days of reserving, then another 5% three months later.
8-year plan
23.0million EGP
Total price for a 110 m² home
- Pay it off in
- 8 years
- Number of payments
- 31
- How often
- Every three months
- To start
- 5% + 5%
5% within 15 days of reserving, then another 5% three months later.
That is the starting price for a 110 m² two-bedroom home on the first floor — finished and ready to move into, paid over five years. These totals are examples, to show how each plan works. What you actually pay depends on which home you pick, how high up it is, what it looks out on and what is still available — ask Soma Estates for the current price list.
EGP is the Egyptian pound. Prices are set in pounds — ask Soma Estates for today's figure in your own currency.
How paying works
Both start the same. Only the finish differs.
- 1Both plans start the same way. You pay 5% of the price within fifteen days of reserving, then another 5% three months after that.
- 2From the six-month mark you pay the same amount every three months until the home is paid off — 19 payments on the five-year plan, 31 on the eight-year.
- 3You get the keys three years after you sign, on either plan, with the home finished. If you are still paying it off by then, you move in anyway — paying for longer does not make you wait longer.
Additional Fees
Three costs on top of the price
| Fee | Amount | When |
|---|---|---|
| Water & electricity meters | USD 1,400 — or USD 2,100 if your home has a garden. | Paid once, within 15 days of reserving. |
| Annual maintenance | USD 12 per m² each year. A 110 m² home costs USD 1,320 a year. | First payment 6 months after you sign, then once a year. |
| Sports Club membership | 400,000 EGP in cash — or 500,000 EGP over 2 years, or 600,000 EGP over 3 years. | Required, not optional. Paid once. |
Sports Club membership is required, not optional — every buyer pays it. Maintenance is charged by the size of your home, so a larger apartment costs more each year.
Questions
Buying at Coral Coves
How much does an apartment at Coral Coves cost?
A two-bedroom apartment starts at about 18.4 million EGP if you pay over five years. That figure is for a 110 m² home. What you actually pay depends on which home you pick, how high up it is, what it looks out on and which payment plan you choose. Contact Soma Estates for the current price list.
What payment plans are available at Coral Coves?
There are two. Pay over five years and you get 20% off, in 19 equal payments. Pay over eight years and it becomes 31 smaller payments. Either way you pay one every three months, and both start the same: 5% within 15 days of reserving, then another 5% three months later.
What additional fees apply beyond the unit price?
Three, on top of the price of the home. Water and electricity meters cost USD 1,400 once, or USD 2,100 if your home has a garden. Maintenance costs USD 12 per square metre every year, so a 110 m² home is USD 1,320 a year. Sports Club membership is required, not optional: 400,000 EGP paid at once, 500,000 EGP over two years, or 600,000 EGP over three.
Can foreigners buy property at Coral Coves?
Egypt permits foreign nationals to own residential property, and Somabay has sold to international buyers for many years. Ownership terms, registration and any residency implications should be confirmed with Soma Estates and independent legal advice before contracting.
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