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 for Sale in Marassi Catania Emaar Misr
EGP 3,400,000
Chalets / Vendre
Marsa Matrouh - North Coast,
Marassi
RE 53411
Taille de la zone: 154 M2
Bord de mer: Chalet
Chalet 140 sqm for Sale in Verdi Marassi Emaar
EGP 3,200,000
Chalets / Vendre
Marsa Matrouh - North Coast,
Marassi
RE 51787
3    2
Taille de la zone: 140 M2
Bord de mer: Chalet
Chalet for Sale in Verdi Marassi North Coast Emaar
EGP 3,200,000
Chalets / Vendre
Marsa Matrouh - North Coast,
Marassi
RE 52013
3    2
Taille de la zone: 140 M2
Bord de mer: Chalet
Marassi Emaar North Coast Stand Alone Villa For Rent
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Villas / Louer
Marsa Matrouh - North Coast,
Marassi
RE 51912
5    5
Surface du Terrain: 700 M2
Superficie du Batiment: 450 M2
largeur de la rue: 20
Marassi Emaar Misr Stand Alone Villa For Rent North Coast
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Villas / Louer
Marsa Matrouh - North Coast,
Marassi
RE 51746
5    5
Superficie du Batiment: 450 M2
Townhouse in Marassi North Coast Emaar
EGP 5,300,000
Villas / Vendre
Marsa Matrouh - North Coast,
Marassi
BY 5052
Surface du Terrain: 348 M2
Superficie du Batiment: 326 M2
unique view Flat with garden in Marassi Emaar develop North Coast
EGP 3,500,000
Chalets / Vendre
Marsa Matrouh - North Coast,
Marassi
MA 12913
3    2
Taille de la zone: 222 M2
Bord de mer: Appartement
Etage n°: Poster une nouvelle annonce
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EGP 2,630,525
Chalets / Vendre
Marsa Matrouh - North Coast,
Marassi
CH 107
2    2
Taille de la zone: 114 M2
Bord de mer: Chalet
Etage n°: Poster une nouvelle annonce
Marassi Emaar Chalet for Rent in Catania Village
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Chalets / Louer
Marsa Matrouh - North Coast,
Marassi
RE 51479
2    2
Taille de la zone: 127 M2
Bord de mer: Chalet
Chalet with Private garden for Rent in Marassi Catania Emaar
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Chalets / Louer
Marsa Matrouh - North Coast,
Marassi
RE 51475
3    3
Taille de la zone: 150 M2
Bord de mer: Chalet
Etage n°: Poster une nouvelle annonce
A Ground Floor Chalet for Rent in Catania Marassi Emaar
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Chalets / Louer
Marsa Matrouh - North Coast,
Marassi
RE 51272
3    3
Taille de la zone: 150 M2
Bord de mer: Chalet
Etage n°: Poster une nouvelle annonce
Marassi North Coast Villa for Sale in Victoria Emaar Misr
EGP 6,500,000
Villas / Vendre
Marsa Matrouh - North Coast,
Marassi
RE 50948
5    5
Surface du Terrain: 690 M2
Superficie du Batiment: 445 M2
Villa Golf View In Arezzo Marassi Emaar for sale
EGP 14,000,000
Villas / Vendre
Marsa Matrouh - North Coast,
Marassi
BP 6348
4    4
Surface du Terrain: 1233 M2
Superficie du Batiment: 643 M2
Villa For Sale in Victoria Marassi North Coast Emaar
EGP 7,000,000
Villas / Vendre
Marsa Matrouh - North Coast,
Marassi
RE 48809
7    4
Surface du Terrain: 640 M2
Superficie du Batiment: 500 M2

Mohammed Abdel-razek
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Villa For Sale In Vectoria Marassi Emaar sahel
EGP 8,500,000
Villas / Vendre
Marsa Matrouh - North Coast,
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BP 1455
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Mahmoud Abou El Hassan
+2 01200010979

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Chalet Penthouse Marassi Emaar Delivery 2018
EGP 3,241,888
Apartments / Vendre
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BY 2680
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Taille de la zone: 204 M2
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Resale Town House in Marassi Blanca Emaar Misr
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Surface du Terrain: 214 M2
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Surface du Terrain: 518 M2
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Marassi Verdi Resale Chalet with Installments Emaar Misr
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Apartment for sale in Marassi Emaar at North Coast
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Taille de la zone: 99 M2