Emaar Misr for Development, a subsidiary of Emaar Properties PJSC, announced the opening of bookings for the second phase of the Marassi Red Sea project, one of the largest integrated tourist developments on the Red Sea coast. This follows the remarkable success of the first phase and the strong customer demand since the project’s launch, while construction work on the first phase at the site has already begun, Invest-Gate reports.

Developing Phase One Hotels to Enhance Luxury Hospitality Experience

With a focus on enhancing the hospitality experience, Emaar Misr for Development has started developing hotels within the first phase, emphasizing a waterfront hotel with direct views of the marina. The hotel will include 117 hotel rooms and 108 hotel apartments, alongside exclusive beach cabins. The design phase has been completed, and tendering for execution will begin shortly, paving the way for on-site work to commence soon. This will enhance the destination’s appeal, support luxury tourism, and attract new segments of visitors to Egypt year-round. The project is expected to generate annual tourism revenues of approximately $200 million and increase tourist numbers by around 30%, directly supporting the national economy and the hospitality sector.

Wellness and Longevity Center as a New Addition

Among the new additions reinforcing Marassi Red Sea’s tourism position is the design of the first Wellness and Longevity Center within the project, expanding the scope of the experience offered to include healthy living concepts.

Diverse Residential Options in Phase Two with Global Standards

Phase Two includes a variety of residential units, including apartments, villas, and townhomes, with modern architectural designs and global standards, catering to different customer segments seeking an integrated residential and tourist experience that combines privacy, luxury, and the charm of nature.

Strong Commitment to Environmental Sustainability and Open Spaces

In line with Emaar Misr for Development’s commitment to environmental sustainability, approximately 87% of the total project area has been allocated as open spaces, enhancing quality of life and environmental sustainability. Biodiversity investment includes planting around 7,500 palm trees, 75,000 trees, and 30,000 desert plants, providing natural habitats, supporting wildlife, and reinforcing environmental balance in the area.

Mohamed Alabbar: Marassi Red Sea an Extension of the Marassi Brand Success

In this context, Mohamed Alabbar, Founder of Emaar Properties, said: “Phase Two of Marassi Red Sea reflects the great confidence the project has enjoyed since its launch, as a natural extension of the Marassi brand’s success, embodying our vision of developing world-class tourist destinations on Egypt’s coasts capable of operating year-round. The Red Sea has exceptional features making it one of the top international tourist destinations, reflected in the project achieving sales exceeding EGP 80 billion so far, with expectations for continued growth in the coming phases.”

He added: “Marassi Red Sea represents an integrated model supporting the Egyptian government’s efforts to enhance the Red Sea coast’s status and increase tourism investments in promising areas, through strategic partnerships and a massive investment of about EGP 900 billion, making it one of the largest tourism projects in the region’s history and capable of creating long-term sustainable economic value.”

Wide Economic and Social Impact and Job Creation

From an economic and social impact perspective, the project provides more than 25,000 direct jobs and approximately 150,000 jobs since its development began, in addition to offering income levels exceeding the regional average by up to 30%, and in some professions nearly three times the average salaries.

Prime Strategic Location Near Hurghada International Airport

Marassi Red Sea extends over 2,426 acres in one of the most distinguished areas on Egypt’s eastern coast, just about 30 minutes from Hurghada International Airport, ensuring easy access for both local and international visitors. This reflects Emaar’s vision of developing tourist destinations capable of supporting the hospitality sector and boosting tourism and investment flows over the long term.

Comprehensive Features Make Marassi Red Sea a Global Destination

The project includes numerous features, including a waterfront with a private beach and swim-friendly lagoons, fine dining restaurants, and private cabins, alongside a main marina built to international standards combining accommodation, hospitality, and retail. Boutique marinas and navigable waterways extend through the heart of the project, and Marassi Red Sea also provides private boat docks for villas.

High-End Hotel, Entertainment, and Retail Facilities

The project also features a raised Infinity Beach 1.5 km long and 10 meters high, offering panoramic views, 12 luxury hotels including hotel rooms and residential units serving all areas of the project, and floating cabins inspired by Maldives-style designs, providing a unique beach experience. Additionally, Marassi Wonders, a multi-use area, includes an international conference center, a commercial zone, and a water park. The project also offers world-class sports facilities, residents’ clubs focusing on recreation and wellness, and more than 500 waterfront shops and restaurants, creating a vibrant shopping and entertainment destination.

Emaar Misr’s Strong Track Record in the Egyptian Real Estate Market

Emaar Misr for Development has a strong track record of successes in the Egyptian real estate market across West and East Cairo, the North Coast, and the Red Sea, through leading projects including Marassi North Coast, Sol, Belle Vie, Cairo Gate, Uptown Cairo, Mivida, Mivida Gardens in New Cairo, and Marassi Red Sea.