1. Orascom Development – The Master-Planned Kingdom

Flagship: Makadi Heights & Siyal Makadi Heights

No conversation about Red Sea development begins without Orascom Development Holding (ODE).
The creators of El Gouna — Egypt’s most iconic private town — Orascom brings four decades of
integrated resort-town expertise. Their current crown jewel is Makadi Heights, a sprawling
3.7-million-square-meter elevated coastal town overlooking Makadi Bay.

In January 2026, Orascom signed a landmark agreement to annex an additional 1.02 million square meters
directly adjacent to the existing master plan, bringing the total project area to approximately
4.75 million square meters. This expansion includes new residential units, serviced apartments,
a hotel component, and commercial zones — with the Egyptian government receiving 50% of the new components in kind.
This is the single largest expansion of any active Red Sea project in 2026.

The newest launch within Makadi Heights is Siyal Makadi Heights — an exclusive collection of
villas designed for year-round coastal living rather than seasonal resort use. Limited in density and positioned
with direct sea views, Siyal embodies Orascom’s philosophy of low-density, high-amenity placemaking.

• 📍 Location: Makadi Bay, 20 min from Hurghada International Airport
• 🏠 Unit Types: 1BR to 5BR apartments, townhouses, exclusive villas
• 💰 Starting Price: Apartments from 11,000,000 (~€116,400); villas at premium
• 📅 Delivery: Makadi Heights Q4 2027; Siyal Makadi Heights January 2029
• 💳 Payment: Flexible installments via developer financing
• ⭐ What Makes It Unique: El Gouna’s DNA applied to a newer, larger canvas. Clubhouse (33,000 sqm), beach club, retail centre, 24/7 medical services, schools. International brand credibility unmatched on the Red Sea.

2. Kayan Development – The Local Powerhouse

Flagship: Blue Crest Residence, El Hadaba

While international names grab headlines, Kayan Development has quietly become one of
Hurghada’s most reliable residential developers. With over 50 completed projects across
the city — including landmark handovers like Aqua Fun on Sheraton Street and Princess Residence on Mamsha
Promenade — Kayan is a developer with a proven execution record, not just a promise book.

Their 2026 flagship is Blue Crest Residence, a 10,000-square-metre modern compound in
El Hadaba (Sheraton area) — one of Hurghada’s most established residential districts.
Blue Crest consists of three modern buildings with 680 fully finished units, ranging from
studios to three-bedroom apartments. The project features three adult swimming pools, a dedicated children’s
pool, a fully equipped gym, landscaped courtyards, underground parking, and 24/7 security.

What sets Kayan apart is their local market intelligence. El Hadaba has delivered
12–18% annual appreciation consistently, and Blue Crest brings the sought-after compound
model to a district dominated by standalone buildings — a differentiation that buyers are rewarding.

• 📍 Location: El Hadaba / Sheraton Road, Hurghada
• 🏠 Unit Types: Studio, 1BR, 2BR, 3BR apartments
• 💰 Starting Price: From 1,452,000 (~€23,400)
• 📅 Delivery: Phase 1 — October 2027
• 💳 Payment: 20% down payment, interest-free installments over 4 years
• ⭐ What Makes It Unique: Established developer with 50+ delivered projects. Compound living in an area of standalone buildings. 8–12% estimated rental yields. Construction already 10% complete — tangible progress, not just a render.

3. Sama Developments – Boutique Luxury in the Intercontinental District

Flagship: LA CASA, Hurghada Hub (Intercontinental)

Sama Hurghada Developments operates at the intersection of exclusivity and urban convenience.
Their signature project, LA CASA, sits within the master-planned Hurghada Hub
in the prestigious Intercontinental District — one of the city’s most desirable residential
addresses, minutes from the airport, Sheraton Road, and the Mamsha promenade.

LA CASA is a boutique low-rise community with only 88 fully finished apartments
on a 1,500 sqm plot — a rarity in a market that typically favours dense vertical construction. Each unit
comes with super lux finishing (turnkey standard), and the project centres around a
landscaped swimming pool with relaxation areas and water features.

• 📍 Location: Hurghada Hub, Intercontinental District (10 min from airport)
• 🏠 Unit Types: Studios, 1BR, 2BR, 3BR apartments
• 💰 Starting Price: Studios from 1,480,000 (~€23,870); 1BR from 1,850,000
• 📅 Delivery: November 2027
• 💳 Payment: 35% down payment, balance over 2 years interest-free. 10% cash discount, 7% maintenance fee
• ⭐ What Makes It Unique: Boutique scale (88 units) = exclusivity. Prime Intercontinental location. Super lux turnkey finishing. Walkable to Mamsha, restaurants, cafés, and Jaz Hotel. Ideal for buyers who want urban resort living.

4. Abtal Hurghada Developer – Mid-Market Excellence with Prime Locations

Flagships: El Kawther Gate 1 & 2, Jonas Suites, Hegaz Gate

Abtal Hurghada Developer serves the vital mid-market segment with an approach that
prioritises location and affordability without sacrificing quality. Their portfolio spans multiple
districts, including El Kawther, Hegaz, and the Intercontinental area, making them one
of the most geographically diverse developers in the city.

El Kawther Gate 2 is their flagship 2026 project — a 1,250 sqm residential compound in
the heart of the El Kawther district featuring studios, 1BR, 2BR, and 3BR apartments. Jonas Suites,
located beside the Swiss Inn Hotel in the Intercontinental District, offers serviced hotel apartments
designed for investment-grade rental performance. Hegaz Gate rounds out the portfolio with
units in the growing El Hegaz district.

Abtal’s strength lies in their deep local presence — they operate their own sales office and
construction teams, which translates into lower overheads and competitive pricing for buyers.

• 📍 Location: El Kawther (airport road), Hegaz District, Intercontinental
• 🏠 Unit Types: Studios, 1BR, 2BR, 3BR apartments; hotel suites
• 💰 Starting Price: El Kawther Gate 2 from €60,000; Jonas Suites studios from €32,999
• 📅 Delivery: El Kawther Gate 1 — June 2026; Gate 2 — October 2026
• 💳 Payment: 35% down, interest-free installments over 2.5 years. 15% cash discount available
• ⭐ What Makes It Unique: Fast delivery — units completing within months, not years. Multiple districts = diversified location risk. Mid-market pricing with quality finishing. Highly active local developer with on-site teams.

5. The Home Development (THD) – Ibiza Bay’s Beachfront Vision

Flagship: Ibiza Bay, Al Ahyaa

The Home Development (THD) has positioned itself at the forefront of Hurghada’s
Al Ahyaa beachfront renaissance. Their project, Ibiza Bay, is one of
the most talked-about launches on the Red Sea coast — and for good reason.

Ibiza Bay offers a direct beachfront address with an amenity package that rivals
five-star resorts: five swimming pools including two sky pools, a heated pool, padel court, kids’ area,
24/7 security, housekeeping services, and professional rental management. With 60% of construction
already completed as of mid-2026, this is an off-plan project with highly visible progress.

The developer offers an accessible entry point — 1BR street-view apartments from just
€41,570 — that has attracted European buyers seeking beachfront ownership without El Gouna’s
premium price tag. It is no exaggeration to say that Ibiza Bay is redefining the Al Ahyaa market.

• 📍 Location: Al Ahyaa beachfront, opposite Mubarak 7 Villas — 10 min to El Gouna, 15 min to airport
• 🏠 Unit Types: Studio (57 m²), 1BR (60–96 m²), 2BR (96–110 m²), 3BR (135 m²)
• 💰 Starting Price: Studio beachfront from €67,699; 1BR street view from €41,570; 2BR from €72,212
• 📅 Delivery: June 2028
• 💳 Payment: 15% down payment, interest-free installments over 4 years. 20% cash discount
• ⭐ What Makes It Unique: Direct private beach + sky pools. 60% construction complete. Full rental management included. Al Ahyaa’s fastest-appreciating location (15–18% annual growth). European-friendly pricing in EUR.

6. Egyptian Kuwaiti Developers (EKD) – The View from the Cliff

Flagship: The View Residence, Sheraton Cliff-Top

Egyptian Kuwaiti Developers (EKD) brings over 40 years of experience across
Egypt and the MENA region, founded by Seif Heikal and his Kuwaiti Engineering Group. Their Hurghada flagship,
The View Residence, occupies perhaps the most dramatic location in the city — the
highest cliff on Sheraton Road, commanding panoramic 360° Red Sea views.

Spanning 200,000 square metres, The View offers a mix of apartments, duplexes,
chalets, and villas ranging from 97 to 421 square metres, all fully finished. Residents enjoy
direct private beach access, a clubhouse, multiple swimming pools, a fitness centre, kids’ areas, a
commercial strip, electric vehicle charging stations, and eco-friendly infrastructure.

EKD’s position is unique: they offer ready-to-move-in units alongside off-plan phases
with delivery scheduled for early 2028, giving buyers the rare flexibility of immediate occupancy or
future pricing advantage. The Sheraton cliff-top location offers 12–15% annual appreciation
in an area with very limited new supply.

• 📍 Location: Sheraton Road cliff-top, central Hurghada — 10 min from airport
• 🏠 Unit Types: Chalets (97–153 m²), apartments, villas up to 421 m²
• 💰 Starting Price: Premium pricing — contact MAMO Property for current availability
• 📅 Delivery: Ready-to-move units available; new phases early 2028
• 💳 Payment: From 10% down payment, installments up to 6 years. 20% cash discount
• ⭐ What Makes It Unique: Highest cliff-top location = best panoramic views. 40+ year developer track record. Direct beach access with city-centre convenience. Mixed ready/off-plan inventory. EV charging and eco-certified design.

7. Rivermead Global – UK-Managed Market Intelligence

Flagships: Platinum Resort, ORO Beach Residence, Al Maria

Rivermead Global operates differently from most developers on this list. A
UK-managed property firm with a strong Hurghada presence, Rivermead combines
British corporate governance standards with on-the-ground Egyptian execution. Their portfolio spans
multiple projects: Platinum Resort (luxury residential and commercial complex),
ORO Beach Residence (429 units in Al Ahyaa), and Al Maria in the
Intercontinental district.

ORO Beach Residence is particularly noteworthy — a beachfront Al Ahyaa project with
units from just 2,208,000 , flexible payment plans (10–30% down with up to 48-month installments),
and delivery scheduled for December 2026. Its 429 units include studios through 3BR apartments,
all with direct beach access and resort-standard amenities.

What sets Rivermead apart is transparent pricing and contractual clarity — their
UK management structure means English-language contracts, clear fee schedules, and a buyer-protection
philosophy that resonates strongly with European investors.

• 📍 Location: Al Ahyaa (ORO Beach, Al Maria); central (Platinum Resort)
• 🏠 Unit Types: Studios to 3BR apartments, luxury residences
• 💰 Starting Price: ORO Beach from 2,208,000 (~€35,600); Al Maria from $45,000
• 📅 Delivery: ORO Beach December 2026; Al Maria Q4 2027
• 💳 Payment: 10–30% down, interest-free installments up to 4 years
• ⭐ What Makes It Unique: UK-managed = English contracts, transparent terms. Fastest near-term delivery (ORO Dec 2026). Beachfront at Al Ahyaa’s most affordable entry point. Multi-project portfolio gives buyers options within one developer ecosystem.

Why Hurghada in 2026?

The numbers tell a compelling story:

• 📈 Annual price appreciation: 15–25% across prime districts
• 🏨 Gross rental yields: 8–15% (vs. 3–5% in European coastal markets)
• ✈️ Airport traffic up +122% YoY (March 2025–2026)
• 🌊 Limited beachfront supply — coastline is finite, demand is not
• 💶 Entry prices from €23,000 for investment-grade apartments
• 🏗️ 0% interest installment plans standard (10–50% down, 2–6 year terms)
• 🌍 Growing European buyer demand — Germany, UK, Netherlands, Czechia, Poland

The window of affordability on the Red Sea is narrowing. As infrastructure improves, tourism targets
grow (18+ million visitors by 2028), and prime land becomes scarcer, the developers
featured here represent your best opportunities to secure a foothold in one of the world’s most
attractive emerging property markets.

📊 At a Glance: Developer Comparison Table

How to Choose Your Developer

Every investor’s profile is different. Here is a quick guide:

• You want resort-town scale and brand prestige: Orascom Development — Makadi Heights is El Gouna on a grander scale.
• You want the best value-for-money compound in a proven district: Kayan Development — Blue Crest in El Hadaba delivers track record, location, and affordability.
• You want boutique exclusivity in the city’s best urban location: Sama Developments — only 88 units in LA CASA’s Intercontinental setting.
• You want a fast delivery and a local developer who knows every street: Abtal Hurghada Developer — units completing within months.
• You want direct beachfront with sky pools and European pricing: The Home Development — Ibiza Bay is the Al Ahyaa benchmark.
• You want the best views in Hurghada from a 40-year-established developer: EKD — The View Residence’s cliff-top panorama is unmatched.
• You want UK-managed transparency and fast Al Ahyaa delivery: Rivermead Global — ORO Beach delivers December 2026.

Disclaimer: Prices, delivery dates, and payment plans are subject to change at the developer’s discretion.
Currency conversions are approximate based on market rates as of June 2026. MAMO Property recommends verifying
all details directly with the developer or authorised sales agent before making any purchase decision.

🏡 Ready to Secure Your Red Sea Investment?

The best units in these developments are being reserved weekly. As an authorised sales partner for
multiple projects across Hurghada, MAMO Property offers you direct developer access,
transparent pricing, and expert guidance through every step of the purchase process — from unit selection
to handover.

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