Emaar and City Stars Launch $18 Billion Marassi Red Sea — Egypt’s Biggest Red Sea Project Ever
Hurghada, Red Sea — June 2025 — In a landmark deal that reshapes the entire Red Sea real estate landscape, the Egyptian government has signed partnership contracts with Emaar Misr and City Stars Properties to launch Marassi Red Sea, an 900 billion (approximately $18 billion) mega-project spanning 2,426 feddans along the Red Sea coast.
Located just 30 minutes from Hurghada International Airport, the development is expected to be completed within four years and represents the second-largest foreign direct investment in Egypt’s history — following only the $35 billion Ras El-Hekma deal.
What Marassi Red Sea Includes
- 12 luxury hotels with hotel rooms and serviced residences
- A world-class marina with main harbour and two boutique marinas
- 400-metre waterfront pier and navigable canals
- Maldives-inspired floating cabins and private beachfronts
- 500+ retail and dining outlets, schools, hospitals, and wellness centres
- Marassi Wonders — a multi-use district with conference centre, aqua park, sports facilities, and lifestyle clubs
- Extensive green spaces and large-scale afforestation plan
Economic Impact on Hurghada
The project is expected to create 150,000–170,000 direct and indirect jobs during development and approximately 25,000 full-time positions once operational. This massive injection of capital and employment will drive demand for residential properties across the entire Hurghada corridor — from Sahl Hasheesh to El Gouna.
What This Means for Property Investors
Marassi Red Sea validates what MAMO Property has been saying: the Red Sea is Egypt’s most promising real estate frontier. Key implications for investors:
- Land values in areas between Hurghada and Soma Bay are expected to rise 15–25% as infrastructure and branded residences attract premium buyers
- Rental demand will surge as construction workers, hospitality staff, and eventually tourists flood the area
- Early investors in nearby developments (Sahl Hasheesh, Soma Bay, Magawish) stand to benefit from the “halo effect” of an $18 billion neighbour
“Marassi Red Sea is not just another resort — it’s a city-scale development that will anchor the entire southern Red Sea corridor. Investors who position themselves now, before ground is broken, will look back at 2025 as the year they got in at the right price.”
📲 Contact MAMO Property on WhatsApp to explore investment opportunities near the Marassi Red Sea zone.
Co-founder of MAMO Property, real estate specialist in Hurghada with 16+ years experience in Egyptian property market.
