Marassi Red Sea
Emaar Misr's 2,426-feddan mega-development west of the Ras Abu Soma headland, extending its North Coast Marassi brand to the Red Sea — signed September 2025, already selling with phase-1 sales reported above EGP 80bn, and separate from Somabay despite the "Marassi Somabay" alias.
Indicative market figures. KÂMO confirms current prices, availability and terms directly with the developer.
Marassi Red Sea is Emaar Misr's extension of its North Coast Marassi brand to the Red Sea coast, on a reported 2,426 feddans (about 10.2 million sqm) west of the Ras Abu Soma headland, in the Safaga area roughly 45–50 km (reported 30–45 minutes) south of Hurghada International Airport. Emaar Misr signed the development on 7 September 2025, in a ceremony witnessed by Egypt's Prime Minister, in partnership with Saudi Arabia's Al-Sharbatly family — reported as Citystars group, through its Golden Coast vehicle — at an announced investment of EGP 900bn (≈US$18bn at announcement, September 2025) (Ahram Online, 2025-09-07). Sales opened around the signing with a full public price table; phase-1 sales are reported above EGP 80bn by February 2026, phase 2 has opened, and construction contracts totalling a reported ~EGP 38bn had been awarded across marina, villa and hospitality packages by August 2026 (Zawya/Arab Finance, 2026-08-02) — a launched, selling, building mega-project, not an announcement-stage one.
The published masterplan includes 12 luxury hotels (no operator has been named), a marina complex of one main harbour plus two boutique marinas and a 400 m pier, a 1.5 km elevated beach, swimmable lagoons, floating cabins, more than 500 retail and dining outlets, and a 'Marassi Wonders' district; first hospitality and marina openings are targeted for 2027 (a developer claim), with residential deliveries reported from 2030. Public listing portals report a September-2025 launch table — 1BR apartments from EGP 14M rising to villas from EGP 52M–95M on roughly 7-year plans, with a lower cash-payment column reported alongside it — though current phase-2 pricing has not been published. Despite a 'Marassi Somabay' alias in circulation, Marassi Red Sea sits west of the Ras Abu Soma headland as a separate development from Somabay itself and shares only its brand name with Emaar's North Coast Marassi; nothing has been delivered yet, no hotel operator or resale market exists, and Somabay remains the only delivered, operating destination on this stretch of coast today.
Emaar Misr for Development S.A.E. was established in 2005 as a joint venture between Dubai-listed Emaar Properties PJSC and Egyptian businessman Shafik Gabr; Emaar Properties acquired Gabr's stake in 2007 and now holds roughly 88%, and the company listed on the EGX in 2015 under ticker EMFD (public record).
Reported starting prices
Reported terms: EOI EGP 250k · 5% down · up to 7 years (launch terms, Sep 2025) — public listing portals, retrieved 2026-08
- 1BR apartments (Sep-2025 launch) — from EGP 14M (reported cash price from EGP 11M) — public listing portals · retrieved 2026-08
- 2BR apartments (Sep-2025 launch) — from EGP 19M (reported cash price from EGP 15M) — public listing portals · retrieved 2026-08
- 3BR apartments (Sep-2025 launch) — from EGP 24M (reported cash price from EGP 19M) — public listing portals · retrieved 2026-08
- Townhouses, 3BR (Sep-2025 launch) — from EGP 36M (reported cash price from EGP 30M) — public listing portals · retrieved 2026-08
- Villas (Sep-2025 launch) — EGP 52M – 95M (reported cash price from EGP 42M) — public listing portals · retrieved 2026-08
- Phase 2 (current) — on request (no phase-2 price table has been published; the Sep-2025 figures above are the last public launch vintage) — public listing portals · retrieved 2026-08
Request the current price sheet
Ezz covers Marassi Red Sea and answers within the day.
Imagery shows developer renders; the project is under development.
Indicative market figures, August 2026.
Public listing portals report Marassi Red Sea's September-2025 launch terms as an EGP 250,000 refundable EOI, 5% down payment and instalments of up to 7 years; current phase-2 terms have not been published. These are indicative figures from public listing portals, retrieved August 2026; KÂMO confirms the live price and availability with the developer before any reservation.
Common questions
Where is Marassi Red Sea?
West of the Ras Abu Soma headland, in the Safaga area of Egypt's Red Sea coast — roughly 45–50 km south of Hurghada International Airport (reported 30–45 minutes). Almaza Bay Ras Soma (Travco) sits on the neighbouring bay to the east, and Somabay occupies the headland itself.
Who is developing Marassi Red Sea, and who provided the land?
Emaar Misr, in partnership with Saudi Arabia's Al-Sharbatly family — reported as Citystars group, through its Golden Coast vehicle — signed the development on 7 September 2025 in a ceremony witnessed by Egypt's Prime Minister (Ahram Online, 2025-09-07). The land side is contested: most coverage names Golden Coast for Hotels, Resorts and Entertainment Projects as a 20-year landowner, while Al Manassa reported Abu Soma Development Company — Somabay's own developer — as providing the land and technical advice (Al Manassa, 2025-09-08); the two accounts are not fully reconciled in public reporting.
How big is Marassi Red Sea, and what does the masterplan include?
A reported 2,426 feddans (about 10.2 million sqm), at an announced investment of EGP 900bn (≈US$18bn at announcement, September 2025). The published masterplan includes 12 luxury hotels (no operator named), a marina complex of one main harbour plus two boutique marinas and a 400 m pier, a 1.5 km elevated beach, swimmable lagoons, floating cabins, more than 500 retail and dining outlets, and a 'Marassi Wonders' district.
What is the sales and construction status?
Launched around the 7 September 2025 signing with a full public price table. Phase-1 sales are reported above EGP 80bn by February 2026 and phase 2 has opened; construction contracts totalling a reported ~EGP 38bn had been awarded across marina, villa and hospitality packages by August 2026 (Zawya/Arab Finance, 2026-08-02). First hospitality and marina openings are targeted for 2027 (a developer claim), with residential deliveries reported from 2030. Nothing has been delivered yet, and no hotel operator or resale market exists.
Is Marassi Red Sea part of Somabay?
No. Despite a circulating alias — "Marassi Somabay" — and one outlet's "part of Somabay" phrasing, Marassi Red Sea is Emaar Misr's own, separate destination west of the Ras Abu Soma headland. Somabay — one word — is Abu Soma Development Company's master-planned resort on the headland itself, and remains the only delivered, operating destination on this stretch of coast; Almaza Bay Ras Soma (Travco) sits on the neighbouring bay. All three are distinct developments by three different companies.
How does Marassi Red Sea differ from Marassi on the North Coast?
It is a separate, later project that extends Emaar Misr's Marassi brand from its original North Coast site at Sidi Abdel Rahman to the Red Sea — the same brand-extension pattern Travco used taking Almaza Bay to Ras Soma. The two projects share a brand name and architectural language only: no North Coast Marassi price, hotel, delivery or amenity figure belongs to Marassi Red Sea, and vice versa.
What are the reported prices and payment terms?
Public listing portals report a September-2025 launch table: 1BR apartments from EGP 14M, 2BR from EGP 19M, 3BR from EGP 24M, townhouses from EGP 36M and villas from EGP 52M–95M, on roughly 7-year plans — alongside a lower reported cash-payment column (from EGP 11M / 15M / 19M / 30M / 42M respectively). Reported terms are an EGP 250,000 refundable EOI, 5% down payment and up to 7 years. Current phase-2 pricing has not been published.
How does KÂMO verify these figures?
KÂMO confirms current phase, pricing and payment terms directly with Emaar Misr before any reservation — ask KÂMO to pull the current file.
Khaled Haridi — Co-Founder & Managing Partner
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