Starts from:20,800,000EGP
Coral Coves-Somabay
Coral Coves Somabay
Apartment, Chalet, Villa
SomabayStarting from20,800,000 EGP
Last updated:
Where is Coral Coves located?
Coral Coves is in Somabay.
What are Coral Coves Somabay prices in 2026?
Coral Coves Somabay prices start from EGP 20,800,000.
| Unit type | Bedrooms | Area | Starting price |
|---|---|---|---|
| Apartment | 2 – 3 | 100 – 170 m² | 20,800,000 EGP |
| Chalet | 2 | 120 – 135 m² | 33,500,000 EGP |
| Villa | 3 | 180 – 210 m² | 62,100,000 EGP |
Apartments for sale in Coral Coves Somabay
Apartments for sale in Coral Coves Somabay: Apartment, Chalet, Villa.
20,800,000 EGP
2 Bedrooms2 Bathrooms100 - 115 m²
Delivery: February 2029
Finishing: Fully finished
Coral Coves Somabay payment plans: what are the options?
Coral Coves payment plans: from 5% down payment, instalments up to 8 years.
Payments
Amount / %
Down payment
On contract signature
5%
Instalments until handover
Equal instalments over 3 years
35.6%
Handover
Unit delivery
2029
Instalments after handover
Equal instalments over 5 years
59.4%
What are the pros and cons of Coral Coves?
In figures: Coral Coves against the median of 18 projects in Somabay on Masharf.
Pros
- Somabay has handed over other projects, among them Soma Coves and Soma Breeze.
Cons
- Coral Coves is handed over in 2029; the median of the Somabay projects still under construction is 2028.
About Coral Coves Somabay
Coral Coves Somabay: from apartment to villa on the Red Sea coast
Coral Coves is a Somabay project by Somabay (Abu Soma Development): terracotta-coloured buildings on a rocky shore with a walkway and a pier into the sea. It has apartments, chalets and villas, all with 5% down and the balance over 8 years; handover is announced for February 2029. The lowest developer price in October 2026 is EGP 20,800,000 for a two-bedroom apartment.
Coral Coves prices
Developer prices in October 2026:
| Unit | Size | From (EGP) | Up to |
|---|---|---|---|
| 2-bedroom apartment | 100–115 m² | 20,800,000 | 27,200,000 |
| 3-bedroom apartment | 170 m² | 32,000,000 | 32,000,000 |
| 2-bedroom chalet | 120–135 m² | 33,500,000 | 33,700,000 |
| 3-bedroom villa | 180–210 m² | 62,100,000 | 96,500,000 |
Two-bedroom apartments are the most available (four at the update), and units are fully finished.
Apartment, chalet or villa?
Oddly, the two-bedroom chalet (120 m²) costs more than the three-bedroom apartment (170 m²). The chalet is a single storey on its own with a terrace and a small pool; the apartment is in a building. So:
- To let: the two-bedroom apartment needs the least capital, with 1,040,000 down.
- For family space: the 170 m² three-bedroom at 32,000,000 is cheaper per metre than the chalet.
- For privacy and your own pool: the chalet or a villa, from 62,100,000.
The 8-year instalment
A two-bedroom at 20,800,000 leaves about 2.47 million a year after the down payment. This is a project for a second home on the Red Sea or a unit let to tourists, not for a mid-range budget.
Coral Coves among Somabay projects
Coral Coves costs more than Blanca Gardens Collection (from 14,700,000) and Greens Baywest Valley (from 18,900,000), and less than Mesca (from 28,200,000). Its strength is range: apartment to villa in one project.
Location and amenities
Somabay is about 45 km south of Hurghada. The project data lists a beach, lagoons and water features, a running and cycling track, green space, and areas for children and families. See it under location.
Before you book
- Ask how far the unit is from the sea, which explains the wide villa prices.
- Ask about Somabay's service charges and whether the resort runs a rental programme.
- Ask whether the price is fixed in pounds.
Want what is available at Coral Coves, or a comparison with another Somabay project? Message Masharf on WhatsApp 01270970000.
Coral Coves Somabay FAQs
What are Coral Coves prices?
Lowest developer prices in October 2026: two-bedroom apartment from EGP 20,800,000, three-bedroom apartment 32,000,000, two-bedroom chalet from 33,500,000, villa from 62,100,000.
What is the down payment at Coral Coves?
5%, EGP 1,040,000 on the smallest apartment, with the balance over 8 years.
When does Coral Coves hand over?
Handover is announced for February 2029.
Why does a Coral Coves chalet cost more than a larger apartment?
The chalet is a single storey on its own with a terrace and a small pool, while the apartment is in a building, so you pay for privacy, not space.
Where is Coral Coves?
In Somabay on the Red Sea, about 45 km south of Hurghada.
Who develops Coral Coves?
Somabay, through Abu Soma Development.
Who is the developer of Coral Coves?
The developer of Coral Coves is Somabay.
Which unit types are available at Coral Coves?
Unit types: Apartment, Chalet, Villa.
What is the status of Coral Coves and when is it delivered?
Delivery: February 2029.
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