Location: Km 129, Alex. Matrouh Desert Rd., Sidi Abdel Rahman - North Coast.

With a multi-branched marina stretching along both Sidi Abdel Rahman Bay and the Mediterranean Sea, the name Marassi - Arabic for docks - is indeed befitting of Emaar Egypt's newly launched residential venture on the North Coast.

Spread over seven km of open beachfront with the total area of 6,25 million sq. meters (1.5 feddans), Marassi is set to be an upscale community resort with villas, chalets, townhouses, service apartments, around seven hotels as well as a golf course, water canals, shopping and bazaar venues, restaurants, healthcare facilities, and the yachting marina.
The $1.74 billion project is still in its initial phases. Emaar Egypt is currently finalizing license and registration processes and will begin to map out each phase of the resort sometime next month.
"The project comprises of three-four phases projected to be completed within five and a half years, Sameh Muhtadi, chief executive officer of Emaar Egypt, told Daily News Egypt. "Construction will begin in 2008, with the first phase due in mid 2011.
Meanwhile, Emaar Egypt inaugurated a sales center to open up Marassi for potential buyers, enabling them to spend an entire day on the beach to experience facets of the resort. On average, 600 people visit the center each day.
Around 1,100 units have been reserved so far, in addition to a pipeline of 2,500 prospective buyers, even though price schemes are yet to be established.
Apartments and villas come in different sizes - starting from 75 sq. meters to over 200 sq. meters - to appeal to a wide variety of customers. Moreover, homes come in seven architectural styles: Egyptian, Greek, Andalusian, Italian, Spanish, Tunisian and Moroccan.
"Marassi is moving beyond the conventional parameters of North Coast resort developments, boasted Muhtadi. "Marassi is going to be a year-round residential and tourism community that will act as an international hub open to Egyptians, Arabs, and foreigners alike.
Unlike other resorts on the North Coast, Marassi will receive residents and tourists all year except during the three-four months of sandstorms.
"Marassi will redefine the leisure and commercial landscape of Sidi Abdel Rahman through its diverse mix of amenities including the golf course, desert safari, sports center, and retail venues, he added. "We also plan to offer health tourism facilities such as health farms with rehabilitation and detox centers.
The resort will capitalize on Egypt's booming business tourism by offering business centers as well as conference and meeting facilities.
Situated close to Burj El-Arab and El-Alamein airports - both offering direct flights to major European cities - Marassi is expected to host plenty of tourists who can have access to nearby historic sites, which will in turn enhance North Coast tourism.
Emaar is the single largest foreign direct investor in Egypt's real estate sector, with investments amounting to around $5.54 billion in four mega-projects: the Marassi Resort, Uptown Cairo in Mokattam, a residential community project in New Cairo City, and Cairo Gate - a residential-commercial project located on the Cairo-Alexandria Desert Road.
"Egypt is the region's leading market. It has potential for any investor seeking an attractive market to operate in, Muhtadi explained. "Its open market, [political] stability, and strong tourism offer a great opportunity for [business ventures].
With the current boom in Egypt's property market, some voices point out that the real-estate sector suffers from a bubble effect that will soon burst adversely affecting the entire sector.
"It's a fact of life, said Muhtadi. "The sector [fluctuates] over time.
The property market, he explained, usually reaches top of the curve then begins to decline, but picks up again as the population grows.
Muhtadi remains optimistic. "The overwhelming investor response to [our projects] signals the robust nature and growth potential offered by the Egyptian property market, he stated earlier.
Indeed, Emaar Egypt is quickly making its mark on the sector attracting ample buyers and investors. The company announced that it has successfully finished selling phases one and two of its Uptown Cairo project and will soon begin selling phase three.

Marassi Emaar

Marassi by Emaar Studio With Area 79 Meter For Sale
EGP 2,200,000
Chalets / Sale
Marsa Matrouh - North Coast,
Marassi
CH 13649
1    1
Area: 79 M2
Type: Chalet
Floor No.: 2
Marassi by Emaar Studio With Area 79 M For Sale
EGP 2,200,000
Chalets / Sale
Marsa Matrouh - North Coast,
Marassi
CH 13502
1    1
Area: 79 M2
Type: Chalet
Floor No.: 2
Marassi by Emaar Studio With Area 79 Meters For Sale
EGP 2,200,000
Chalets / Sale
Marsa Matrouh - North Coast,
Marassi
CH 13417
1    1
Area: 79 M2
Type: Chalet
Floor No.: 2
Luxurious Villa for Sale in Marassi Verona North Coast Emaar
EGP 16,000,000
Villas / Townhouses / Sale
Marsa Matrouh - North Coast,
Marassi
NA 9873
6    5
Plot Area: 1082 M2
Building Area: 500 M2
Marassi by Emaar Projects Studio With Total Area 79 M For Sale
EGP 2,200,000
Chalets / Sale
Marsa Matrouh - North Coast,
Marassi
CH 13002
1    1
Area: 79 M2
Type: Chalet
Floor No.: 2
Marassi by Emaar Projects Studio With Total Area 79 meters For Sale
EGP 2,200,000
Chalets / Sale
Marsa Matrouh - North Coast,
Marassi
CH 12787
1    1
Area: 79 M2
Type: Chalet
Floor No.: 2
Chalet Penthouse Marassi Emaar Delivery 2018
EGP 3,500,000
Chalets / Sale
Marsa Matrouh - North Coast,
Marassi
BY 2680
Area: 204 M2
Type: Chalet
Studio at Marassi For Sale by Emaar Projects Area 79 meter
EGP 2,200,000
Chalets / Sale
Marsa Matrouh - North Coast,
Marassi
CH 12582
1    1
Area: 79 M2
Type: Chalet
Floor No.: 2
Studio at Marassi For Sale by Emaar Projects with Installments
EGP 2,200,000
Chalets / Sale
Marsa Matrouh - North Coast,
Marassi
CH 12404
1    1
Area: 79 M2
Type: Chalet
Floor No.: 2
Separate villa in marassi Emaar for sale with 5 DP
Call Us
Villas / Townhouses / Sale
Marsa Matrouh - North Coast,
Marassi
GB 24082
4    4
Plot Area: 525 M2
Building Area: 245 M2
North Coast for sale chalet super lux in The Greek Marassi Emaar
Call Us
Chalets / Sale
Marsa Matrouh - North Coast,
Marassi
GB 23997
1    1
Area: 77 M2
Type: Chalet
Floor No.: Ground Floor
Emaar North Coast in Marassi Marina For sale villa Twin house
EGP 8,000,000
Villas / Townhouses / Sale
Marsa Matrouh - North Coast,
Marassi
GB 13449
4    4
Plot Area: 288 M2
Building Area: 262 M2
marassi emaar resale With the perfect installments plan in north coast
EGP 20,000,000
Chalets / Sale
Marsa Matrouh - North Coast,
Marassi
BB 26440
2    1
Type: Chalet
marassi emaar resale Hurry up and reserve your chalet at north coast
EGP 20,000,000
Chalets / Sale
Marsa Matrouh - North Coast,
Marassi
BB 26437
2    1
Type: Chalet
marassi emaar resale Change your life style
EGP 20,000,000
Chalets / Sale
Marsa Matrouh - North Coast,
Marassi
BB 26435
2    1
Type: Chalet
marassi emaar resale Enjoy the summer chalets for sale
EGP 20,000,000
Chalets / Sale
Marsa Matrouh - North Coast,
Marassi
BB 26434
2    1
Type: Chalet
marassi emaar resale The unique chalets inside compound
EGP 20,000,000
Chalets / Sale
Marsa Matrouh - North Coast,
Marassi
BB 26433
2    1
Type: Chalet
marassi emaar resale Chalets for sale with installments
EGP 20,000,000
Chalets / Sale
Marsa Matrouh - North Coast,
Marassi
BB 26432
2    1
Type: Chalet
marassi emaar resale Units with installment in north coast
EGP 20,000,000
Chalets / Sale
Marsa Matrouh - North Coast,
Marassi
BB 26430
2    1
Type: Chalet
marassi emaar resale Units for sale at north coast
EGP 20,000,000
Chalets / Sale
Marsa Matrouh - North Coast,
Marassi
BB 26429
2    1
Type: Chalet