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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

Featuredin marassi emaar chalet 145m prime location D P 2 774 000 LE
EGP 3,548,000

Marassi, North Coast Resorts, North Coast

MA 20616

Chalets For Sale in Marassi

Beds
2
Bathrooms
2
Area
145 M2
Type
Chalet
Floor No.
3
FeaturedFor Rent Marassi Emaar Villa Fully Finished in Marassi Arezzo
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Marassi, North Coast Resorts, North Coast

EBP 38009

Villas / Townhouses For Rent in Marassi

Beds
4
Bathrooms
4
Plot Area
647 M2
Building Area
366 M2
FeaturedVilla twin House fully finished for sale in Veneto Marassi Emaar
EGP 11,282,888

Marassi, North Coast Resorts, North Coast

GB 35257

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Beds
3
Bathrooms
4
Plot Area
319 M2
Building Area
263 M2
FeaturedFor sale villa fully finished in Verona village Marassi Emaar Msir
EGP 22,025,888

Marassi, North Coast Resorts, North Coast

PL 1784

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Beds
5
Bathrooms
6
Plot Area
1245 M2
Building Area
697 M2
FeaturedChalet Penthouse Marassi Emaar Delivery 2018
EGP 3,500,000

Marassi, North Coast Resorts, North Coast

BY 2680

Chalets For Sale in Marassi

Area
204 M2
Type
Chalet
FeaturedMarassi Emaar Stand Alone for Sale in Vectoria in North Coast
EGP 23,000,000

Marassi, North Coast Resorts, North Coast

NA 9196

Villas / Townhouses For Sale in Marassi

Beds
6
Bathrooms
7
Plot Area
1890 M2
Building Area
700 M2
 
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Marassi, North Coast Resorts, North Coast

Villas / Townhouses For Rent in Marassi

Beds
3
Bathrooms
3
Plot Area
326 M2
Building Area
268 M2
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Marassi, North Coast Resorts, North Coast

Villas / Townhouses For Rent in Marassi

Beds
4
Bathrooms
4
Plot Area
647 M2
Building Area
366 M2
BB 26382 Latest developments of emaar resale marassi emaar resale
EGP 20,000,000

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Chalets For Sale in Marassi

Beds
2
Bathrooms
1
Type
Chalet
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Marassi, North Coast Resorts, North Coast

Chalets For Sale in Marassi

Beds
3
Bathrooms
2
Area
170 M2
Type
Chalet
Floor No.
Ground Floor
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EGP 20,000,000

Marassi, North Coast Resorts, North Coast

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Beds
2
Bathrooms
1
Type
Chalet
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Marassi, North Coast Resorts, North Coast

Chalets For Sale in Marassi

Beds
2
Bathrooms
1
Area
103 M2
Type
Chalet
Floor No.
Ground Floor
BB 26353 The best chalets out there reserve now marassi emaar resale
EGP 20,000,000

Marassi, North Coast Resorts, North Coast

Chalets For Sale in Marassi

Beds
2
Bathrooms
1
Type
Chalet
MA 18821 Resale Villa in Marassi by Emaar Misr
EGP 8,000,000

Marassi, North Coast Resorts, North Coast

Villas / Townhouses For Sale in Marassi

Beds
5
Bathrooms
5
Plot Area
600 M2
Building Area
500 M2
PL 1 Resale Chalet in Marassi by Emaar Misr
EGP 4,350,000

Marassi, North Coast Resorts, North Coast

Chalets For Sale in Marassi

Beds
3
Bathrooms
2
Area
140 M2
Type
Chalet
Floor No.
2
BY 1605 Villa for sale in Marassi Emaar North Coast
EGP 8,000,000

Marassi, North Coast Resorts, North Coast

Villas / Townhouses For Sale in Marassi

Beds
5
Bathrooms
5
Plot Area
760 M2
Building Area
460 M2
BY 2680 Chalet Penthouse Marassi Emaar Delivery 2018
EGP 3,500,000

Marassi, North Coast Resorts, North Coast

Chalets For Sale in Marassi

Area
204 M2
Type
Chalet
BB 26384 Chalets for sale with installments marassi emaar resale
EGP 20,000,000

Marassi, North Coast Resorts, North Coast

Chalets For Sale in Marassi

Beds
2
Bathrooms
1
Type
Chalet
MA 20614 villa in marassi 450m emaar prime location
EGP 8,712,000

Marassi, North Coast Resorts, North Coast

Villas / Townhouses For Sale in Marassi

Beds
6
Bathrooms
6
Plot Area
655 M2
Building Area
450 M2
Street Width
20
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Marassi, North Coast Resorts, North Coast

Chalets For Sale in Marassi

Beds
3
Bathrooms
2
Area
170 M2
Type
Chalet
Floor No.
Ground Floor
BB 26432 marassi emaar resale Chalets for sale with installments
EGP 20,000,000

Marassi, North Coast Resorts, North Coast

Chalets For Sale in Marassi

Beds
2
Bathrooms
1
Type
Chalet
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EGP 20,000,000

Marassi, North Coast Resorts, North Coast

Chalets For Sale in Marassi

Beds
2
Bathrooms
1
Type
Chalet
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EGP 20,000,000

Marassi, North Coast Resorts, North Coast

Chalets For Sale in Marassi

Beds
2
Bathrooms
1
Type
Chalet
BB 26435 marassi emaar resale Change your life style
EGP 20,000,000

Marassi, North Coast Resorts, North Coast

Chalets For Sale in Marassi

Beds
2
Bathrooms
1
Type
Chalet
BY 1604 Villa for sale Marassi Emaar North Coast
EGP 7,500,000

Marassi, North Coast Resorts, North Coast

Villas / Townhouses For Sale in Marassi

Beds
5
Bathrooms
6
Plot Area
700 M2
Building Area
450 M2
BY 1603 Apartment for sale in Marassi Emaar at North Coast
EGP 3,000,000

Apartments For Sale in North Coast

Area
99 M2