El Waad Red Sea Real Estate Development and Tourism Company announced the successful completion of marketing for the second phase of its coastal project, Tavira Bay in Ras Sidr. The phase, which comprises a collection of villas, completed in record time—reflecting the project’s strong demand among clients seeking a comprehensive coastal lifestyle that combines luxury with a prime location, Invest-Gate reports.

Eng. Sherif Okasha, Chairman of El Waad Red Sea, stated that the swift completion of sales confirms clients’ confidence in the project and the company’s ability to deliver a high-quality real estate product. He emphasized that this demand stems from meticulous attention to design and implementation, along with a diverse range of unit types tailored to meet the needs of various client segments.

Okasha added that Tavira Bay spans 115 acres, featuring a distinctive beachfront that enhances the residential and tourism experience. The project offers a variety of units—from one- and two-bedroom chalets to standalone villas—blending modern architectural style with a relaxing coastal atmosphere, evident in both exterior and interior design details.

He reaffirmed the company’s commitment to developing real estate and tourism projects that adhere to the highest quality standards while supporting Egypt’s broader plans to enhance Red Sea cities and attract tourism investments. Okasha noted that the Red Sea region has become one of Egypt’s key investment destinations, driven by the government’s focus on improving infrastructure—such as roads, ports, and airports—and providing investor-friendly incentives that make the area ideal for real estate and tourism development.