Almaza Bay Ras Soma
Travco Properties' resort destination on the bay of Ras Abu Soma — phase 1, Ras Soma Residences, extending its Almaza Bay brand to the Red Sea, adjacent to but separate from Somabay.
Indicative market figures. KÂMO confirms current prices, availability and terms directly with the developer.
Almaza Bay Ras Soma is Travco Properties' resort destination on the natural bay of Ras Abu Soma, on Egypt's Red Sea coast near Safaga — about 35–40 minutes from Hurghada International Airport, and immediately adjacent to, but entirely separate from, KÂMO's home market of Somabay. Travco Properties, the real-estate arm of Travco Group (founded 1979; Jaz Hotels) and developer of the North Coast's Almaza Bay, launched the destination to press in April 2023 (Invest-Gate) — the 'Almaza Bay' name is a deliberate brand extension, not a second phase of the North Coast project. Masterplanned by WATG across a reported 2,656,562 sqm (about 633 feddans) with 1,300 m of beach frontage, the destination's first residential phase, Ras Soma Residences, spans about 200,000 sqm and 386 units — 82 villas, 112 quad chalets and 192 apartments. A second phase, Marina Gate, adds a reported 84 feddans (13% footprint).
Two five-star hotels are reported operating on-site — the Steigenberger Resort Ras Soma and a Jaz-branded property — with Marina Gate planned to add further hospitality, an international marina, retail and dining, beach clubs, dive centres and a wellness centre. Residences are under construction with nothing yet delivered; reported delivery windows run 2027–2029. Public listing portals report phase-1 apartments from around EGP 12.9M–13M, chalets from around EGP 20M–24M, and villas from around EGP 40M, with beachfront villas reported up to around EGP 63M; Marina Gate (phase 2) villas are reported separately from around EGP 18.59M — a different phase and format, not a lower phase-1 price. Reported terms are a 10% down payment with instalments of up to 6–7 years.
Travco Properties, the real-estate arm of Travco Group (founded 1979; Jaz Hotels), launched Almaza Bay Ras Soma in 2023 as a resort destination on the bay of Ras Abu Soma, extending its North Coast Almaza Bay brand to the Red Sea (public record).
Reported starting prices
Reported terms: 10% down · up to 6–7 years — public listing portals, retrieved 2026-08
- Apartments (phase 1) — from ~EGP 12.9M – 13M — public listing portals · retrieved 2026-08
- Chalets (phase 1) — ~EGP 20M – 24M — public listing portals · retrieved 2026-08
- Villas (phase 1) — from ~EGP 40M (beachfront villas reported up to ~EGP 63M) — public listing portals · retrieved 2026-08
- Marina Gate villas (phase 2) — from ~EGP 18.59M (a separate, smaller-format phase — not a lower phase-1 price) — public listing portals · retrieved 2026-08
Request the current price sheet
Larissa covers Almaza Bay Ras Soma and answers within the day.
Indicative market figures, August 2026.
Public listing portals report Almaza Bay Ras Soma payment plans opening at 10% down payment with instalments of up to 6–7 years. 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 Almaza Bay Ras Soma?
On the natural bay of Ras Abu Soma, Egypt's Red Sea coast near Safaga, about 35–40 minutes from Hurghada International Airport — immediately adjacent to Somabay.
Who is the developer, and why does it carry the Almaza Bay name?
Travco Properties, the real-estate arm of Travco Group (founded 1979; Jaz Hotels) and developer of the North Coast's Almaza Bay. Almaza Bay Ras Soma is a deliberate brand extension of that North Coast project to the Red Sea, launched to press in April 2023 (Invest-Gate) — it is not a second phase of the North Coast development.
Is Almaza Bay Ras Soma part of Somabay?
No. 'Soma Bay' — two words — is the place: the bay itself. 'Somabay' — one word — is Abu Soma Development Company's separate master-planned resort on that bay, KÂMO's home market. Almaza Bay Ras Soma is Travco Properties' own, entirely separate destination on the neighbouring bay of Ras Abu Soma. The three names are easy to conflate but describe three different things.
How big is the destination, and what phases exist?
A reported 2,656,562 sqm (about 633 feddans) with 1,300 m of beach frontage, masterplanned by WATG. Phase 1, Ras Soma Residences, covers about 200,000 sqm with 386 units — 82 villas, 112 quad chalets and 192 apartments. Phase 2, Marina Gate, adds a reported 84 feddans (13% footprint).
What is the delivery status?
Two five-star hotels are reported operating on-site — the Steigenberger Resort Ras Soma and a Jaz-branded property. Residences are under construction with nothing yet delivered; reported delivery windows run 2027–2029.
What are the reported prices and payment terms?
Public listing portals report phase-1 apartments from around EGP 12.9M–13M, chalets from around EGP 20M–24M and villas from around EGP 40M (beachfront up to around EGP 63M); Marina Gate (phase 2) villas are reported separately from around EGP 18.59M — a different phase and format, not a lower phase-1 price. Reported terms are a 10% down payment with instalments of up to 6–7 years.
How does KÂMO verify these figures?
KÂMO confirms current pricing, phase status and payment terms directly with Travco Properties before any reservation — ask KÂMO to pull the current file.
Khaled Haridi — Co-Founder & Managing Partner
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