Grounds Developments Enters Red Sea Market with Tamaraya Project in South Hurghada
Grounds Developments Enters Red Sea Market with Tamaraya Project in South Hurghada
Grounds Developments has officially entered Egypt’s Red Sea real estate market with the launch of Tamaraya, a mixed-use residential community in South Hurghada — marking the developer’s first coastal project and signalling growing confidence in the region’s year-round living potential.
A New Kind of Red Sea Development
Spanning 60,000 square metres in the Magawish area near Senzo Mall, Tamaraya is designed as a low-density, walkable community with a strong emphasis on sustainability. Green and open spaces will exceed the built-up footprint — a deliberate choice by Grounds Developments and their architectural partner, Studio Five, to prioritise natural ventilation, energy efficiency, and long-term livability over maximum unit density.
The project offers studios starting from 45 m², one-bedroom apartments from 60 m², and two- and three-bedroom units up to 120 m². Prices start from approximately 4,200,000 with a 10% down payment and up to 7 years interest-free instalments.
Year-Round Living, Not Seasonal Tourism
Unlike many Red Sea projects positioned purely as holiday resorts, Tamaraya is explicitly designed for permanent, year-round residency. Youssef Fekry, Founder and CEO of Grounds Developments, stated the project targets international buyers, Egyptian expatriates, and local residents seeking integrated community living rather than seasonal escapes.
This positioning is significant: it reflects a broader shift in Hurghada’s real estate market, where demand is increasingly driven by remote workers, European retirees, and families seeking full-time coastal living — not just vacation homes.
What This Means for Hurghada Property Investors
- South Hurghada is the new growth corridor. With Tamaraya joining other recent launches near the airport and Senzo Mall, the Magawish-South Hurghada strip is rapidly becoming Hurghada’s most active development zone.
- Year-round positioning protects rental yields. Projects designed for permanent living attract longer-stay tenants and achieve more stable occupancy rates than pure holiday resorts.
- Early-phase pricing advantage. As a first-phase launch in an emerging submarket, Tamaraya’s entry pricing offers potential for capital appreciation as the area matures.
- Sustainability is becoming a differentiator. With 80% green space and energy-conscious design, Tamaraya sets a benchmark that will pressure older compounds to upgrade — benefiting quality-focused investors.
Interested in new launch opportunities in Hurghada’s growth corridors? Browse our property listings or contact MAMO Property on WhatsApp for early access to off-market opportunities.
Source: Daily News Egypt (March 29, 2026), Zawya, Businessmen EG, Grounds Developments press release.
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❓ Frequently Asked Questions
Is buying property in Hurghada a good investment in 2026?
Yes. Hurghada offers lower entry prices (€30,000–€150,000) than competing Mediterranean destinations, year-round tourism demand, and average rental yields of 7–10% net.
Can foreigners buy property in Hurghada?
Yes. Foreigners can own freehold property in Hurghada, Sahl Hasheesh, El Gouna, and Makadi Bay under Egyptian law. MAMO Property assists with the full legal process.
What is the minimum budget for an apartment in Hurghada?
Studios start from €30,000, one-bedroom apartments from €50,000, and two-bedroom apartments from €80,000, depending on the area and finishing level.
How does MAMO Property help international buyers?
MAMO Property offers direct partnerships with 20+ Red Sea developers, verified pricing, residency-by-investment support, and after-sale property management — all with no commission for buyers.
What areas around Hurghada are best for investment?
Sahl Hasheesh and El Gouna command premium positioning and higher appreciation; Sahl Hasheesh, Al Mamsha, and Intercontinental District offer strong short-term rental yields; Magawish and El Kawther deliver the best value for entry-level buyers.
Co-founder of MAMO Property, real estate specialist in Hurghada with 16+ years experience in Egyptian property market.
