Marassi Red Sea Phase Two: Emaar Opens Bookings for Egypt’s Largest Coastal Mega-Project

A Mega-Project by the Numbers

Marassi Red Sea is not just another Red Sea resort — it is a city-scale development designed to transform Egypt’s eastern coastline into a year-round international destination. Here are the headline figures:

• Total Area: 2,426 acres (~9.8 million m²) on Egypt’s eastern Red Sea coast
• Total Investment: Approximately 900 billion
• Sales to Date: Exceeding 80 billion — and Phase Two has just opened
• Location: ~30 minutes from Hurghada International Airport
• Projected Annual Tourism Revenue: ~$200 million once operational
• Tourism Growth Impact: Expected to increase Red Sea tourist numbers by ~30%
• Jobs Created: 25,000+ direct jobs; ~150,000 total since development began

What Phase Two Brings

Building on Phase One’s momentum, Phase Two introduces a broader range of residential products designed to serve both end-users and investors:

• Apartments, villas, and townhomes with modern architectural designs
• A new Wellness and Longevity Center — the first of its kind within a Red Sea coastal project
• Continued emphasis on open spaces — 87% of the total project area is allocated to green spaces, landscaping, and natural zones
• Environmental commitment: ~7,500 palm trees, ~75,000 trees, and ~30,000 desert plants already planted

Phase One: Hotels and Infrastructure Underway

Construction on Phase One has already begun, with a particular focus on the hospitality component:

• A waterfront hotel with direct marina views — 117 hotel rooms + 108 hotel apartments
• Exclusive beach cabins (Maldives-inspired floating cabin concept)
• Design phase complete; tendering for execution is now underway

The broader project vision includes 12 luxury hotels, a main international-standard marina, boutique marinas, navigable waterways, and private boat docks for villa owners.

The Complete Destination Vision

Marassi Red Sea is designed as a self-contained coastal city with amenities that rival the world’s best resort destinations:

• Infinity Beach: A 1.5 km long, 10-metre-high raised beach — a landmark feature
• Marassi Wonders: A multi-use area with an international conference centre, commercial zone, and water park
• Retail & Dining: 500+ waterfront shops and restaurants
• Sports & Leisure: World-class sports facilities, residents’ clubs, wellness centres
• Private Beaches: Swim-friendly lagoons and exclusive beach access

Why This Matters for Hurghada Property Investors

The launch of Marassi Red Sea Phase Two is not just an Emaar story — it is a signal for the entire Red Sea coast. Here is why:

1. Institutional Validation

When Emaar Properties — the company behind the Burj Khalifa and Dubai’s Downtown district — invests EGP 900 billion in the Red Sea coast, it sends a powerful message to global capital markets. The Red Sea is no longer a niche destination; it is an institutional-grade investment corridor.

2. Infrastructure Multiplier Effect

A project of this scale requires massive infrastructure upgrades — roads, utilities, airport capacity, and telecommunications. Every improvement benefits all Red Sea properties, including those in Hurghada city, Sahl Hasheesh, El Gouna, and Makadi Bay.

3. Tourism Demand Surge

With an expected $200 million in annual tourism revenue and a 30% increase in tourist numbers, the entire region will see rising demand for short-term rentals, holiday apartments, and serviced residences. Hurghada property owners — particularly those with well-positioned rental units — stand to benefit directly.

4. Employment and Economic Growth

The creation of 150,000 jobs since development began, with income levels exceeding regional averages by up to 30% (and some professions earning nearly 3x the average), creates a growing class of local renters and buyers — further supporting property values across the Red Sea corridor.

5. Price Benchmarking

As Marassi Red Sea’s premium pricing becomes established, it will pull up comparable pricing in nearby areas. Properties in Hurghada, Sahl Hasheesh, and Makadi Bay — currently available at a fraction of Marassi prices — become increasingly attractive as value alternatives.

Mohamed Alabbar: “One of the Largest Tourism Projects in the Region’s History”

“Phase Two of Marassi Red Sea reflects the great confidence the project has enjoyed since its launch, as a natural extension of the Marassi brand’s success. The Red Sea has exceptional features making it one of the top international tourist destinations. Marassi Red Sea represents an integrated model supporting the Egyptian government’s efforts to enhance the Red Sea coast’s status and increase tourism investments through strategic partnerships and a massive investment of about 900 billion, making it one of the largest tourism projects in the region’s history.”

What This Means for You

Whether you are considering an investment in Hurghada, Sahl Hasheesh, El Gouna, or Makadi Bay, the Marassi Red Sea announcement confirms one thing: the Red Sea coast is entering a new era of growth. Early investors who position themselves now — before the full infrastructure and tourism multiplier effects take hold — are likely to see the strongest returns.