Overview
Description
Lazuli (also marketed as Lazuli Hurghada, Village Lazuli Hurghada, or Lazuli Hurghada Village) is a gated residential project by REKAZ Developments in Magawish Bay (مجاويش), Hurghada, on Egypt’s Red Sea coast. According to the Russian property overview (Lazuli on mamoproperty.ru), the scheme sits on Touristic Promenade Road / Sahl Hasheesh Road between Senzo Mall and the entrance to Sahl Hasheesh, on about 40,000 m² of land, with 255 apartments, townhouses and penthouses, a 3,000 m² clubhouse, a freshwater lagoon with boardwalk, and Q4 2027 handover as freehold, fully finished units.
Display prices below are as published on the Russian overview (fetched 26 Oct 2026, Africa/Cairo). As of 24 Oct 2026, no Lazuli developer price list is on file — no dated developer price PDF is on file yet. Always reconfirm inventory, type, floor and EGP price with MAMO before any EOI. Do not treat RUB display FX as a locked quote.
District and beach-row note: Lazuli is in Magawish Bay, not in the Sahl Hasheesh district, and is not marketed as first- or second-row beachfront. The project is on the road toward Sahl Hasheesh — it is not “inside Sahl Hasheesh” as a district claim.
Hurghada properties and investment opportunities in Magawish (2026)
Buyers researching Hurghada real estate, investment opportunities and Hurghada property on the Red Sea use this 2026 project overview to compare apartment stock, payment plans, and honest rental / rental income context. Lazuli sits in Magawish Bay near Senzo Mall and a short drive from Sahl Hasheesh — a strategic location for everyday convenience, not an automatic top-tier beachfront story. Real estate investment framing stays city-wide 7–12%, never guaranteed.
Some listing pages describe Lazuli under Sahl Hasheesh. Lazuli is in Magawish Bay on the road toward Sahl Hasheesh — not inside Sahl Hasheesh as a district. Confirm unit codes and current availability with MAMO.
Project overview for Hurghada properties buyers
Lazuli Hurghada is a Magawish Bay apartment / condo / penthouse project with resort-style shared amenities (lagoon, clubhouse). This project overview summarises apartment types, the amenity layer, payment plans, and an honest investment opportunity note for buying property in Magawish. Tourism supports seasonal demand along the Red Sea; yields stay in the city-wide 7–12% range and are never guaranteed.
Investing in Lazuli: Magawish Bay apartments on the Red Sea
Buyers comparing Hurghada apartments, apartment for sale stock, and other property in Hurghada use this page as a factual project overview. Invest in Lazuli only after you confirm REKAZ’s current availability and EGP pricing with MAMO — display matrices are orientation, not a locked catalogue. Buying a property in Hurghada / real estate in Hurghada through MAMO means paying the developer direct on off-plan deals (0% buyer commission) with optional rental management afterward (25% management fee; furnishing is a separate service).
Magawish Bay sits on Hurghada’s coastal belt between the city malls and the road south toward Sahl Hasheesh. Indicative travel times are about 4 minutes to Senzo Mall & Club, 8 minutes to Sahl Hasheesh, 15 minutes to Hurghada International Airport, 12 minutes to Hurghada centre, 10 minutes to the Grand Aquarium, and 20 minutes to Makadi Bay. Prefer unit maths over brochure claims of luxury living.
Apartment types on the RU overview include studios, 1- and 2-bedroom apartments and condos, and penthouses with roof areas (marketing areas from about 35.5 m² studios up to about 210 m² total for larger penthouse combinations). Units are described as fully finished at handover — confirm snagging on the unit you reserve. Off-plan toward Q4 2027.
Lazuli at a glance
| Detail | Per Russian overview (fetched 26 Oct 2026) |
|---|---|
| Project | Lazuli (alias Lazuli Hurghada Village / Village Lazuli) |
| Developer | REKAZ Developments (est. 2016; DARA architecture lineage cited from 2003) |
| Location | Magawish Bay, Touristic Promenade Road / Sahl Hasheesh Road, Hurghada, Red Sea — between Senzo Mall and Sahl Hasheesh; coords 27.0780, 33.8470 |
| Land area | 40,000 m² (10 acres) |
| Units | 255 apartments, townhouses and penthouses |
| Layout types | 12 types (studios · 1BR/2BR apartments & condos · penthouses) |
| Areas (overview) | Studios ~35.5–36.5 m²; larger combinations up to ~210 m² total with roof (brochure ±5% note on RU) |
| Handover (overview) | Q4 2027, fully finished |
| Ownership | Freehold |
| Display starting price (RU page) | Studios from 2,737,500 EGP (≈ 4,708,500 ₽) — display-only as on the Russian overview; reconfirm EGP with MAMO |
| Buyer commission via MAMO | 0% on developer projects |
Location: Magawish Bay, Hurghada (honest district context)
The RU overview places Lazuli on Touristic Promenade Road in Magawish Bay — the coastal strip that begins just past Senzo Mall on the road toward Sahl Hasheesh. Nearby named landmarks on the page include Senzo Mall & Club, Neverland aqua park, and hotels such as Titanic and Dana Beach. Distances / times on the page:
| Landmark | Time (per RU overview) |
|---|---|
| Senzo Mall & Club | ~4 minutes |
| Sahl Hasheesh | ~8 minutes |
| Grand Aquarium | ~10 minutes |
| Hurghada centre | ~12 minutes |
| Hurghada International Airport | ~15 minutes |
| Makadi Bay | ~20 minutes |
Honest investor framing: MAMO’s qualitative yield map places Magawish in a middle demand tier (with Intercontinental / Memsha) — below El Gouna, Sahl Hasheesh, Makadi or Soma Bay. Mall access and hotel density nearby can support holiday-rental and personal-use buyers, but occupancy and any project-specific yield % must be verified unit-by-unit — not assumed from brochure language. Lazuli is in Magawish Bay, not in the Sahl Hasheesh district, and is not marketed as first- or second-row beachfront. Compare districts on best areas to invest in Hurghada and the wider Hurghada property catalog.
Unit types and prices (as on the RU overview)
Figures below are copied from the Russian overview (fetched 26 Oct 2026). The page shows EGP with RUB display at about 1 EGP ≈ 1.72 ₽. These are not a guarantee of today’s availability and are not a locked developer PDF — reconfirm EGP with MAMO before any EOI. Reconfirm every figure before EOI.
Display price band (RU overview)
| Type (overview wording) | Display from (RU) |
|---|---|
| Studios | 2,737,500 EGP (≈ 4,708,500 ₽) |
| 1 bedroom | from ≈ 4,781,000 ₽ (RU short description) |
| 2 bedrooms | from ≈ 5,203,000 ₽ (RU short description) |
Layout families (RU / brochure matrix on page)
| Family | Examples on RU | Indoor area notes | Extra area notes |
|---|---|---|---|
| Studio condo | C1, C2 | 36.5 / 35.5 m² | — |
| 1BR condo | C3, C4 | 65.5 / 57 m² | small terrace on some |
| 1BR condo penthouse | C5, C6 | 57 / 65.5 m² | roof 92.5 / 105 m² |
| 1BR apartment | A1, A4 | 52.5 / 74.5 m² | outdoor 28 / 30 m² |
| 1BR apartment penthouse | A6 | 71 m² | roof 71 m² |
| 2BR condo | C7–C10 | 89–105 m² | terrace on some |
| 2BR condo penthouse | C11–C14 | 89–105 m² | roof matching indoor |
| 2BR apartment | A2, A3 | 135.5 / 105.5 m² | outdoor 53 / 30 m² |
| 2BR apartment penthouse | A5 | 101.5 m² | roof 101.5 m² |
RU note: areas may vary ±5% by floor/façade; outdoor may be garden, terrace or roof. Source cited on page: REKAZ brochure (lazuli brochure.pdf, pp. 29–38).
Amenities, lagoon and clubhouse
Per the RU overview / master-plan language:
- Clubhouse ~3,000 m², three floors — café & restaurant, business centre / coworking, gym & SPA, paddle tennis, pool, VIP lounge (24/7 access for owners per marketing)
- Central freshwater lagoon with boardwalk
- Private outdoor space per unit (garden / terrace / roof) — marketing allows optional private pool, jacuzzi, deck, pergola or BBQ (confirm what is included vs optional on the unit you reserve)
- Master-plan elements listed: additional club houses, hotel, commercial drive-thru, apartments, condos, townhouses
- Services marketed: concierge, 24/7 security, parking, owner rental programme via project operator after handover
Treat planned hotel / commercial elements as marketing pipeline, not a delivery guarantee — ask what is open on the day you reserve. Shared swimming pools / lagoon access and amenities / amenity lists must be confirmed unit-by-unit.
Payment plans (REKAZ, as on RU overview)
| Plan | Down payment | Instalments |
|---|---|---|
| Plan A (standard) | 10% | 5 years |
| Plan B (extended) | 20% | 6 years |
| Cash | 100% | discount (exact % — confirm with MAMO) |
Ownership: freehold. Contract and exact schedule — confirm with MAMO against the current REKAZ offer (no dated developer price PDF is on file yet).
Real estate investment and rental yield notes (honest)
Egyptian real estate buyers comparing property investment options in the Hurghada real estate market should read rental yield only as a range. MAMO discusses typically 7–12% depending on project and area, never guaranteed — not high rental yields, not strong rental returns, and not a locked return on investment. Rental demand in Magawish depends on unit, finish, furnishing and season; ask for unit maths.
Long-term investment and smart investment framing still requires confirmed EGP property prices, confirmed payment plans, and clear Magawish (not beach-row) wording. Foreign investors can buy remotely. Against El Gouna and Sahl Hasheesh, expect a middle-tier Magawish property market story for 2026, not a top-tier beachfront guarantee.
Do not copy unverified capitalisation widgets from third-party or RU calculator UI into buyer promises.
Investment note (honest Magawish context)
Treat Lazuli as a researched Magawish Bay apartment / Hurghada property choice — an investment opportunity with honest caveats, not a guaranteed-yield product and not an El Gouna / Sahl first-tier pitch. City-wide rental yield discussion stays typically 7–12% depending on project and area, never guaranteed. Magawish is a middle demand tier on MAMO’s qualitative map. Ask for unit-level rent maths and current availability before you buy.
Resale buyer commission via MAMO is 2.5%. Developer stock via MAMO is 0% buyer commission.
About the developer — REKAZ Developments
Per the RU overview, REKAZ Developments was founded in 2016 as a forward integration of architectural office DARA (cited from 2003). The page states a full-cycle model (land, concept, design, build, sales) and cites four architecture awards (2001, 2009, 2012, 2020 Big Five Dubai on the page). Hurghada branch address on the page: Touristic Promenade Road, in front of Bank Misr & Egyptair National Resort, 11/12; Cairo office: 90th Street, Concord Plaza, G3, 2nd Floor; hotline 16506; site rekazltd.com.
Buy remotely with MAMO Property
MAMO Property is an online investment supermarket in Hurghada (founded 2009 by Eng. Mohamed Naguib and Eng. Mahmoud Ahmed — 17+ years). Management-first trust: video of units, papers and contract shared remotely, buyer pays the developer directly, then optional furnish → rent → owner payout.
- 0% buyer commission on developer projects; 2.5% on resale
- Legal review path with Ahmed El-Bedihy law group — lawyerinhurghada.com
- GOEIC real estate broker registry No. 200001681
- Rental management fee 25% (furnishing separate)
- Yields discussed only as ranges (typically 7–12%), never guaranteed
Frequently asked questions
Where is Lazuli in Hurghada?
In Magawish Bay on Touristic Promenade Road / Sahl Hasheesh Road, between Senzo Mall and Sahl Hasheesh — coords 27.0780, 33.8470 on the RU overview. It is not marketed as first- or second-row beachfront.
Who is the developer?
REKAZ Developments.
When is handover?
Q4 2027, fully finished, per the RU overview — reconfirm before EOI.
What are starting prices?
On the RU overview (fetched 26 Oct 2026): studios from 2,737,500 EGP (≈ 4,708,500 ₽). No locked price PDF on file — ask MAMO for the current quote.
What payment plan applies?
10% down + 5 years, or 20% down + 6 years, or cash with discount (confirm %). Freehold.
Can foreigners buy remotely, and can MAMO manage the rental?
Yes — remote buy with video/papers/contract; pay the developer directly. Optional MAMO rental management at 25% after handover/furnishing.
Ask about available units
- WhatsApp: +20 11 52980998
- Email: inquiry@mamoproperty.com
- Chat with Maya (AI assistant)
- Russian overview: Lazuli
- Hub: Hurghada property
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