Marassi Red Sea: Egypt Signs Landmark $18 Billion Deal with Emaar and City Stars
Marassi Red Sea: Egypt Signs Landmark $18 Billion Deal with Emaar and City Stars
A mega-resort development on Egypt’s Red Sea coast signals unprecedented confidence in the country’s luxury real estate and tourism sectors.
Egypt has just signed one of the largest real estate deals in its history. Emaar Misr and City Stars, backed by UAE and Saudi partners, have secured a massive $18.5 billion (EGP 900 billion) agreement to develop Marassi Red Sea — a sprawling luxury resort on 10 million square meters of Red Sea coastline.
What We Know About Marassi Red Sea
The project builds on the success of the original Marassi development on the North Coast (Sahel), which has become one of Egypt’s most prestigious resort destinations. Now, the developers are bringing that same formula to the Red Sea — but on a much grander scale.
- Location: Red Sea coast (exact coordinates pending official announcement)
- Area: 10 million square meters (approximately 2,471 acres)
- Investment: $18.5 billion (EGP 900 billion)
- Developers: Emaar Misr + City Stars, with UAE and Saudi backing
- Components: Luxury hotels, residential units, marina, retail, entertainment
Why This Matters for Hurghada and Red Sea Investors
This deal is a game-changer for the entire Red Sea region. Here’s why:
1. Infrastructure Upgrade
A project of this scale requires massive infrastructure development — roads, utilities, airports, and services. The Hurghada International Airport privatisation (also underway) is directly connected to this surge in investment. Better infrastructure means easier access, higher property values, and improved quality of life.
2. Job Creation and Economic Growth
The construction phase alone will create tens of thousands of jobs. Once operational, the resort will need thousands of hospitality, maintenance, and service staff. This economic ripple effect will boost the entire Red Sea governorate.
3. Property Value Appreciation
When Emaar — the company behind the Burj Khalifa and Dubai’s most prestigious developments — invests $18 billion in your region, property values respond. Expect significant appreciation in Hurghada, Sahl Hasheesh, Makadi Bay, and El Gouna over the next 3-5 years.
4. Tourism Magnet
Marassi Red Sea will attract high-spending tourists from Europe, the Gulf, and beyond. This creates demand for short-term rental properties — a lucrative opportunity for investors buying apartments and villas in nearby areas.
The Bigger Picture: Egypt’s Red Sea Renaissance
This deal is part of a broader trend. In 2026, Egypt has seen:
- Rixos opening its second resort in Hurghada (Rixos Premium Magawish Bay View)
- Minor Hotels expanding its luxury portfolio with 50 new properties
- 14 Egyptian resorts breaking into the global top 100 hotel rankings
- Hurghada airport privatisation attracting Gulf investors
The Red Sea is no longer just a diving destination — it’s becoming a global luxury real estate hub.
What Should Investors Do Now?
If you’ve been considering investing in Hurghada or the Red Sea coast, the window of opportunity is narrowing. As mega-projects like Marassi Red Sea break ground, surrounding areas will see price increases.
Key recommendations:
- Act early: Buy before construction drives prices up
- Focus on established areas: Sahl Hasheesh, El Gouna, and Makadi Bay offer proven rental yields
- Consider ready properties: Immediate rental income while values appreciate
- Work with experts: MAMO Property has 15+ years of experience in Red Sea real estate
Contact MAMO Property
Ready to explore investment opportunities in Egypt’s Red Sea region? Our team of experts can help you find the perfect property — whether for personal use, rental income, or long-term appreciation.
📱 WhatsApp: +20 115 298 0998
📧 Email: info@mamoproperty.com
🌐 Website: mamoproperty.com
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📚 Further Reading:
- our comprehensive Red Sea location comparison guide
- our complete El Gouna buyer’s guide
- our detailed Sahl Hasheesh area guide
- our Makadi Bay investment guide
- our rental yield comparison and ROI calculator
- our complete guide to foreign property ownership in Egypt
- our Hurghada property appreciation trends analysis
- our news coverage of Egypt’s 48-hour work permit
- our analysis of Egyptian Pound trends and foreign reserves
- our Egypt tourism 2026 impact analysis
- our Egypt economy outlook for property investors
❓ 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.
