Emaar Misr, a subsidiary of the UAE-based Emaar Properties, has announced the launch of its latest coastal development, “Marassi Red Edition”, situated in Soma Bay on Egypt’s Red Sea coast. This strategic expansion aims to replicate the success of the iconic Marassi in the North Coast, offering a unique vision adapted to the nature and landscape of Soma Bay.
Project Overview
“Marassi Red Edition” is set to span over 2,000 acres, providing ample space for a comprehensive, world-class development. The project will feature a diverse array of luxurious residential units, including chalets and private villas, as well as 5-star international hotels, upscale beach clubs, sports centers, luxury restaurants, and retail outlets. The master plan has been carefully designed to harmonize with the surrounding nature while maintaining sustainability and high-end lifestyle standards.
Pricing and Payment Plans
Initial prices have been announced, starting from EGP 18 million for one-bedroom units and up to EGP 30 million for three-bedroom chalets. Pre-booking is now open with a refundable payment of EGP 250,000, and the official sales launch is expected during the second half of 2025.
Strategic Significance of Soma Bay
Soma Bay is renowned for its pristine beaches, crystal-clear waters, and tranquil environment, making it an ideal location for luxury tourism and real estate investment. The area is also known for its world-class diving centers, golf courses, and wellness facilities. Its proximity to Hurghada International Airport enhances its accessibility for both domestic and international travelers.
Emaar Misr’s Vision
Emaar Misr aims to create integrated communities that blend luxury, quality, and innovation. With “Marassi Red Edition,” the company seeks to establish a new standard for upscale living on the Red Sea, contributing to the region’s development and reinforcing Egypt’s position as a premier destination for luxury tourism.
