Rixos Opens Second Hurghada Resort: Magawish Emerges as the Red Sea’s Hottest Investment Corridor

Hurghada, Egypt — June 26, 2026: Rixos Hotels Egypt has officially opened its second property in Hurghada’s Magawish district — the Rixos Premium Magawish Bay View — a 442-room luxury resort that signals a major vote of confidence in the Red Sea coast’s long-term growth trajectory. For property investors watching the Magawish corridor, this opening is more than a hospitality milestone — it is a valuation catalyst.

Inside the New Rixos Premium Magawish Bay View

The new resort sits seven kilometres from Hurghada International Airport, directly beside the existing Rixos Premium Magawish Suites & Villas. Together, the two properties create a combined luxury complex with over 900 keys — making Rixos one of the largest hospitality operators on the Red Sea coast.

Key features of the new Bay View property include:

• 442 rooms, suites, and villas — including premium Skyline Suites with private pools and Red Sea views
• 17 private pool villas for the ultra-luxury segment
• Nine swimming pools and an infinity pool overlooking the marina
• Direct marina access with water sports: kitesurfing, paddleboarding, water skiing
• Equestrian centre offering horse riding along the shoreline
• Ultra All-Inclusive model — a first for Magawish

“Rixos Premium Magawish Bay View represents an important milestone in our growth vision for the Red Sea,” said Erkan Yildirim, CEO of Rixos Hotels Egypt. “We strongly believe in Hurghada’s growing position within international tourism and continue to view the region’s potential through a long-term perspective.”

Why This Matters for Property Investors

The opening of a second Rixos property in Magawish is not just a hospitality story — it is a property valuation event. Here is why:

1. Branded Residency Effect

When international hotel brands invest heavily in a district, surrounding residential property values typically rise by 15–25% within 24 months. Rixos’s expansion validates Magawish as a premium destination — and that premium flows directly into adjacent residential compounds.

2. Rental Demand Multiplier

With 900+ luxury hotel rooms now operational in the immediate vicinity, the area’s tourism infrastructure — restaurants, transport, entertainment, beach services — has reached critical mass. This infrastructure lifts short-term rental occupancy rates for nearby apartments and studios, which benefit from overflow demand and spillover spending.

3. Infrastructure Follows Investment

The Egyptian government’s investment in Magawish’s infrastructure — including the newly widened Airport Road (delivered March 2025) — has transformed access to the district. Drive time from the airport to Magawish has been cut from 18–20 minutes to under 10 minutes. Hurghada International Airport’s expanded Terminal 2 now handles 13 million passengers annually, up from 9 million previously.

Magawish: The Numbers Behind the Boom

Magawish is no longer an emerging area — it is Hurghada’s fastest-appreciating investment corridor. The data tells the story:

Source: MAMO Property market analysis, June 2026. Prices vary by development, floor level, and finishing standard.

New Residential Projects Transforming Magawish

The Rixos opening is part of a broader wave of development across the Magawish corridor. Several major residential projects are reshaping the district’s landscape:

Al Mouj Resort — Serviced Living with 20% Returns

Launched by HDA Developments directly opposite Senzo Mall, Al Mouj Resort introduces fully serviced residential living to Magawish — with daily housekeeping, 24/7 security, gym, spa, five swimming pools, and two crystal lagoons. Projected annual returns reach 20%, with a minimum expected return of 15%. The project also features Hurghada’s first dedicated Business Hub for digital nomads and entrepreneurs.

Tamaraya by Grounds Developments — Sustainable Year-Round Living

Grounds Developments has entered the Red Sea market with Tamaraya, a 60,000 sqm low-density community in South Hurghada’s Magawish area. Designed by Studio Five, the project prioritises green spaces (exceeding the built-up footprint), natural ventilation, and year-round permanent residency — not just holiday use. Prices start from approximately 4,200,000 with 10% down payment and up to 7 years interest-free instalments.

One 7 Magawish — Contemporary Community Living

Located at Kilometre 17 on the Hurghada–Sahl Hasheesh road, One 7 Residence offers 200 units including studios, apartments, duplexes, penthouses, and villas. Amenities include heated pools, a sandy lagoon, recreation centre, and an integrated commercial mall. Prices from €71,700 with 15% down and 6-year instalments.

Trivana Compound — Premium Off-Plan Investment

Developed by Al Karma & El Khalil Development, Trivana Compound spans 9,600 sqm with 50% green space and 180 ultra-super-lux units. Expected delivery in December 2026. Flexible payment plans include 25% discount for cash buyers and up to 5-year instalments.

The Bigger Picture: Hurghada’s $10 Billion Pipeline

Magawish’s growth is part of a broader transformation across the entire Red Sea governorate. According to industry analysis, over US $10 billion in projects are slated for delivery between now and 2030:

• Hurghada International Airport Green Terminal — $300 million expansion with 7 million passenger capacity by 2028
• Red Sea infrastructure bundle — roads, water, sanitation, and the Mamsha promenade (42% complete)
• Cruise-port and marina upgrades — Abu Dhabi Ports Group BOT contract for Hurghada, Safaga, and Sharm
• Resort and residential private investment — $5.5 billion (55% of the total pipeline)

The government is also actively pursuing airport privatisation through a Public-Private Partnership (PPP) model, with 68 international companies and consortia expressing interest in managing Hurghada International Airport. If successful, this model will be expanded to other Egyptian airports.

What This Means for Foreign Buyers

Egypt’s legislative environment has become increasingly welcoming for foreign property investors. Recent government decrees (2023–2026) have:

• Abolished the cap on the number of units foreigners may own (paid in foreign currency from abroad)
• Introduced renewable residency for property buyers investing over $50,000
• Streamlined real estate registration processes
• Enabled mortgage financing for foreigners through specialised companies

For European buyers — who now represent the largest foreign investor group in Hurghada — the combination of currency advantage, strong rental yields, and growing infrastructure makes Magawish one of the most compelling investment opportunities on the Red Sea coast.

MAMO Property: Your Magawish Investment Partner

With over 16 years of experience in the Hurghada property market, MAMO Property offers exclusive access to the best Magawish developments — including off-plan opportunities, resale units, and investment advisory services.

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