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.

Chalet Penthouse Marassi Emaar Delivery 2018
EGP 3,241,888
Apartments / Sale
Marsa Matrouh - North Coast,
Marassi
BY 2680
4    3
Surface Area: 204 M2
Floor No.: 1
Fully Finished Standalone for Sale in Marassi EMAAR in Vectoria
EGP 6,500,000
Villas / Sale
Marsa Matrouh - North Coast,
Marassi
NE 514
Plot Area: 690 M2
Building Area: 620 M2
Resale Town House in Marassi Blanca   Emaar Misr
Call Us
Villas / Sale
Marsa Matrouh - North Coast,
Marassi
NI 47881
3    3
Plot Area: 214 M2
Building Area: 190 M2
Resale Twin House in Marassi Emaar   Sidi Abd Al Rahman
EGP 7,000,000
Villas / Sale
Marsa Matrouh - North Coast,
Marassi
NI 47804
4    4
Plot Area: 518 M2
Building Area: 282 M2
Marassi Verdi   Resale Chalet with Installments   Emaar Misr
EGP 2,350,000
Chalets / Sale
Marsa Matrouh - North Coast,
Marassi
NI 46796
2    2
Surface Area: 120 M2
Type of coastal property: Chalet
Floor No.: 1
Apartment for sale in Marassi Emaar at North Coast
3,000,000
Apartments / Sale
Alexandria - North Coast,
BY 1603
Surface Area: 99 M2
stande alone Villa for sale Marassi Emaar North Coast
EGP 9,500,000
Villas / Sale
Alexandria - North Coast,
BY 1618
5    6
Plot Area: 1700 M2
Building Area: 515 M2
Villa for sale Marassi Emaar North Coast
EGP 6,500,000
Villas / Sale
Alexandria - North Coast,
BY 1612
5    6
Plot Area: 500 M2
Building Area: 420 M2
Villa for sale in Marassi Emaar North Coast
EGP 8,000,000
Villas / Sale
Alexandria - North Coast,
BY 1605
5    5
Plot Area: 760 M2
Building Area: 460 M2
Villa for sale Marassi Emaar North Coast
EGP 7,500,000
Villas / Sale
Alexandria - North Coast,
BY 1604
5    6
Plot Area: 700 M2
Building Area: 450 M2
Villa For Sale In Vectoria Marassi Emaar sahel
EGP 8,500,000
Villas / Sale
Marsa Matrouh - North Coast,
Marassi
EG 1455
5    5

Mahmoud Abou El Hassan
+2 01200010979

Similar Ads Call Broker        Email Broker

SMS this to me
Resale Chalet In Catania Marassi Emaar Masr
Call Us
Chalets / Sale
Marsa Matrouh - North Coast,
Marassi
EG 2453
3    3
Surface Area: 150 M2
Type of coastal property: Chalet
Floor No.: 2

Mahmoud Abou El Hassan
+2 01200010979

Similar Ads Call Broker        Email Broker

SMS this to me
Twin House For Sale In  Marassi North Coast Emaar Lake View
EGP 5,500,000
Villas / Sale
Marsa Matrouh - North Coast,
Marassi
GB 3424
3    3
Surface Area: 400 M2
Type of coastal property: Villa
Villa For Sale In Marassi Emaar Victoria
EGP 7,000,000
Villas / Sale
Marsa Matrouh - North Coast,
Marassi
NI 30137
5    5
Type of coastal property: Villa
Villa 700 m For Sale In Marassi Emaar  Victoria North Coast Egypt
EGP 6,500,000
Villas / Sale
Marsa Matrouh - North Coast,
Marassi
NI 30125
5    5
Type of coastal property: Villa
For Sale  Flat At Marassi Emaar Misr  North Coast  384 SQ M
EGP 9,675,888
Coastal Property / Sale
Marsa Matrouh - North Coast,
Marassi
NI 43204
4    3
Surface Area: 281 M2
Type of coastal property: Flat
Floor No.: 3
For Rent Villa V1 In Marassi Areezo Emaar masr
Call Us
Villas / Rent
Marsa Matrouh - North Coast,
Marassi
EG 1820
6    5
Surface Area: 645 M2
Type of coastal property: Villa

Mahmoud Abou El Hassan
+2 01200010979

Similar Ads Call Broker        Email Broker

SMS this to me
For Sale Villa V1 In Marassi Areezo Emaar masr
Call Us
Villas / Sale
Marsa Matrouh - North Coast,
Marassi
EG 1819
6    5
Surface Area: 645 M2
Type of coastal property: Villa

Mahmoud Abou El Hassan
+2 01200010979

Similar Ads Call Broker        Email Broker

SMS this to me
Stand Alone for Sale Villa in Arezzo Marassi Emaar
EGP 15,000,000
Villas / Sale
Marsa Matrouh - North Coast,
Marassi
NI 39206
Plot Area: 1177 M2
Building Area: 644 M2