Rixos Opens Second Resort in Hurghada as Egypt’s Red Sea Tourism and Real Estate Market Soar

Rixos Opens Second Resort in Hurghada as Egypt’s Red Sea Tourism and Real Estate Market Soar

Published: July 9, 2026 · Hurghada, Egypt

Rixos Doubles Down on Hurghada

In a powerful vote of confidence in Egypt’s Red Sea Riviera, Rixos Hotels — operated by Accor — has officially opened its second property in Hurghada: the Rixos Premium Magawish Bay View. The 442-room luxury resort joins the existing Rixos Premium Magawish, creating one of the largest all-inclusive resort clusters on the Red Sea.

The new property features direct beach access, multiple swimming pools, a world-class spa, and family-friendly amenities including a dedicated water park. The expansion comes as Hurghada experiences record-breaking tourist arrivals and a surge in international real estate investment.

“This is not just another hotel opening — it’s a signal that global hospitality brands see Hurghada as a long-term growth market,” said Mahmoud Moustafa, CEO of MAMO Property. “When a brand like Rixos doubles its footprint, it validates what we’ve been telling investors for years: the Red Sea coast is the Mediterranean’s best-kept secret.”

6 Million Tourists and Counting

The Rixos expansion aligns with Egypt’s record tourism performance. According to official data, Egypt welcomed more than 6 million international tourists in the first half of 2026, driven by cultural heritage sites, the Grand Egyptian Museum, and — crucially — Red Sea resort destinations like Hurghada and Sahl Hasheesh.

Polish tourists have emerged as a particularly strong growth segment. Direct charter flights from Warsaw, Kraków, and Katowice to Hurghada have increased by over 30% year-on-year, and Polish buyers now rank among the top five nationalities investing in Red Sea coastal properties.

Real Estate Exports Hit $1.6 Billion

Beyond tourism, Egypt’s real estate sector delivered a landmark achievement in 2025: $1.6 billion in property exports, representing sales of Egyptian real estate to international buyers. This figure — the highest ever recorded — reflects growing global appetite for affordable luxury on the Red Sea.

Hurghada remains the engine of this growth. Apartments and villas starting from €30,000 offer entry points that are unmatched in the Mediterranean basin. Combined with Egypt’s favourable exchange rate, flexible developer payment plans (up to 10 years), and year-round sunshine, the value proposition continues to attract European, Arab, and CIS buyers alike.

What This Means for Investors

The convergence of record tourism, global brand investment, and rising property exports creates a rare window for early movers. Here’s why smart money is flowing to Hurghada:

1. Infrastructure Boom: New roads, marinas, and the Hurghada International Airport expansion are transforming the city into a world-class resort destination.
2. Rental Demand: With 6M+ tourists annually, short-term rental occupancy rates in prime locations exceed 80% during peak season.
3. Capital Appreciation: Properties purchased in 2023 have already appreciated 15–25% in EUR terms, with further upside expected.
4. Lifestyle Value: A beachfront apartment for €45,000 that generates €5,000+ in annual rental income — the numbers speak for themselves.

Explore Hurghada with MAMO Property

At MAMO Property, we’ve helped over 500 international clients find their dream home or investment property on the Red Sea. Our team speaks 10+ languages, and we offer end-to-end support — from property search and legal due diligence to rental management and resale.

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