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

Stand Alone Good Located at Marassi Emaar in Blanca North Coast
EGP 9,384,888
Villas / Sale
Marsa Matrouh - North Coast,
Marassi
CH 10834
4    3
Plot Area: 572 M2
Building Area: 395 M2
Apartment for sale in Marassi Emaar at North Coast
EGP 3,000,000
Apartments / Sale
Alexandria - North Coast,
BY 1603
Area: 99 M2

Marassi, North Coast Resorts, North Coast

Marassi Emaar for sale with installment over 6 years
EGP 9,123,356
Apartments / Sale
Marsa Matrouh - North Coast,
Marassi
MD 5399
3    3
Area: 295 M2
Floor No.: 2

Marassi, North Coast Resorts, North Coast

Villa For Sale In Vectoria Marassi Emaar sahel
EGP 8,500,000
Villas / Sale
Marsa Matrouh - North Coast,
Marassi
EBP 1455
5    5

Mahmoud Abou El Hassan
+2 01200010979

Similar Ads Call Agent        Email Agent

SMS this to me
Villa 700 m For Sale In Marassi Emaar Victoria North Coast Egypt
EGP 6,500,000
Villas / Sale
Marsa Matrouh - North Coast,
Marassi
RE 30125
5    5
Type: Villa

Marassi, North Coast Resorts, North Coast

Direct poolfront Chalet for Sale Marassi Emaar North Coast
Call Us
Coastal Property / Sale
Marsa Matrouh - North Coast,
Marassi
MA 6861
3    3
Area: 150 M2
Type: Chalet
Floor No.: Ground Floor
 
Emaar Villas at Marassi Blanca with Installments for sale
EGP 9,291,888
Villas / Sale
Marsa Matrouh - North Coast,
Marassi
CH 11007
4    3
Plot Area: 544 M2
Building Area: 395 M2

Marassi, North Coast Resorts, North Coast

Villa Townhouses for Sale in Marassi North Coast Marsa Matrouh
EGP 3,100,000
Chalets / Sale
Marsa Matrouh - North Coast,
Marassi
MA 15914
3    3
Area: 155 M2
Type: Chalet
Floor No.: 2
Hot Deal in Marassi North Coast by Emaar Misr
EGP 9,887,163
Villas / Sale
Marsa Matrouh - North Coast,
Marassi
MD 6481
3    3
Plot Area: 428 M2
Building Area: 323 M2

Marassi, North Coast Resorts, North Coast

Villa Townhouses for Sale in Marassi North Coast Marsa Matrouh
EGP 3,700,000
Apartments / Sale
Marsa Matrouh - North Coast,
Marassi
MA 15897
3    3
Area: 150 M2
Floor No.: Ground Floor

Marassi, North Coast Resorts, North Coast

Villa Townhouses for Sale in Marassi North Coast Marsa Matrouh
EGP 3,200,000
Chalets / Sale
Marsa Matrouh - North Coast,
Marassi
MA 17393
3    3
Area: 150 M2
Type: Chalet
Floor No.: 1

Marassi, North Coast Resorts, North Coast

Villa Townhouses for Sale in Marassi North Coast Marsa Matrouh
EGP 3,587,500
Chalets / Sale
Marsa Matrouh - North Coast,
Marassi
MA 15370
3    2
Area: 140 M2
Type: Chalet
Floor No.: 3
Marassi Developer Emaar Chalet For Sale With Area 125 M
Call Us
Chalets / Sale
Marsa Matrouh - North Coast,
Marassi
GB 17963
2    2
Area: 125 M2
Type: Chalet
Floor No.: 3
Stand Alone Good Located at Marassi Emaar in Blanca North Coast
EGP 9,384,888
Villas / Sale
Marsa Matrouh - North Coast,
Marassi
CH 10834
4    3
Plot Area: 572 M2
Building Area: 395 M2
Great Deal in Marassi North Coast by Emaar Misr
EGP 10,165,560
Villas / Sale
Marsa Matrouh - North Coast,
Marassi
MD 6366
3    3
Plot Area: 364 M2
Building Area: 273 M2
Best Price Town House in Marassi Compound by Emaar
EGP 10,165,200
Villas / Sale
Marsa Matrouh - North Coast,
Marassi
MD 6365
3    3
Plot Area: 364 M2
Building Area: 273 M2

Marassi, North Coast Resorts, North Coast

Villa Townhouses for Sale in Marassi North Coast Marsa Matrouh
EGP 2,953,935
Chalets / Sale
Marsa Matrouh - North Coast,
Marassi
MA 17374
2    2
Area: 150 M2
Type: Chalet
Floor No.: Ground Floor

Marassi, North Coast Resorts, North Coast

Villa Townhouses for Sale in Marassi North Coast Marsa Matrouh
EGP 1,925,888
Chalets / Sale
Marsa Matrouh - North Coast,
Marassi
MA 17392
1    1
Area: 90 M2
Type: Chalet
Floor No.: 1

Marassi, North Coast Resorts, North Coast

Villa Townhouses for Sale in Marassi North Coast Marsa Matrouh
EGP 1,980,000
Chalets / Sale
Marsa Matrouh - North Coast,
Marassi
MA 15067
1    1
Area: 100 M2
Type: Chalet
Floor No.: 4
Villa Good Located at Marassi Emaar in Blanca North Coast
EGP 9,384,888
Villas / Sale
Marsa Matrouh - North Coast,
Marassi
CH 10667
4    3
Plot Area: 572 M2
Building Area: 395 M2

Mohamed Ahmed Halawa
01028811566

Similar Ads Call Agent        Email Agent

SMS this to me
Marassi Emaar with installment in North Coast
EGP 12,450,000
Apartments / Sale
Marsa Matrouh - North Coast,
Marassi
MD 6316
3    3
Area: 255 M2
Floor No.: Ground Floor
Spend the best vacation Now in Marassi Emaar
EGP 12,450,417
Apartments / Sale
Marsa Matrouh - North Coast,
Marassi
MD 6315
3    3
Area: 255 M2
Floor No.: Ground Floor
Hot Deal Apartment in Marassi North Coast by Emaar
EGP 12,450,900
Apartments / Sale
Marsa Matrouh - North Coast,
Marassi
MD 6313
3    3
Area: 255 M2
Floor No.: Ground Floor

Marassi, North Coast Resorts, North Coast

Villa Townhouses for Sale in Marassi North Coast Marsa Matrouh
EGP 4,208,744
Chalets / Sale
Marsa Matrouh - North Coast,
Marassi
MA 15368
3    3
Area: 140 M2
Type: Chalet
Floor No.: 1

Marassi, North Coast Resorts, North Coast

Villa Townhouses for Sale in Marassi North Coast Marsa Matrouh
EGP 3,216,000
Chalets / Sale
Marsa Matrouh - North Coast,
Marassi
MA 17376
2    2
Area: 117 M2
Type: Chalet
Floor No.: 1
Marassi Blanca Finished 1st Row Villa for sale Emaar Misr
EGP 9,260,888
Villas / Sale
Marsa Matrouh - North Coast,
Marassi
CH 10553
4    3
Plot Area: 535 M2
Building Area: 395 M2