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Category: Projects

  • The Waterway North Coast: 124 Acres, 540 Metres of Beach, and 1,086 Units in Al Dabaa

    The Waterway North Coast: 124 Acres, 540 Metres of Beach, and 1,086 Units in Al Dabaa

    Al Dabaa is the North Coast zone that sits in the gap most buyers overlook. Far enough west to escape the congestion of the Sidi Abdel Rahman stretch, close enough to El Alamein to be genuinely accessible, and the address where a handful of developers have quietly built some of the most competitively priced resort products on the Mediterranean. It is the flagship project from The Waterway Developments at KM 173 in this corridor — a 124-acre resort community with 540 metres of sandy beach, crystal lagoons, a hotel, and 1,086 units spanning beach cabins to first-row villas.

    This guide covers The Waterway North Coast in full: location, masterplan, every unit type and confirmed price, payment plan, developer background, and an honest assessment of who this project is right for.

     

    Where Is The Waterway North Coast?

    The Waterway North Coast is located at KM 172-173 on the Alexandria-Marsa Matrouh International Coastal Road, in the Al Dabaa zone. El Dabaa sits between KM 155 and KM 177 on the Sahel Map, placing The Waterway North Coast at the western end of this corridor. New Alamein City is 20 minutes away. El Alamein International Airport is within easy reach. Alexandria is approximately 90 minutes east. Cairo is approximately 3 hours via the New Fouka Road.

    The project is directly on the Mediterranean seafront. The Dabaa Road provides an additional access route and connects the project to the broader North Coast road network. The zone’s position between Ghazala Bay to the east and Ras El Hekma to the west means The Waterway North Coast benefits from both the established infrastructure of the central North Coast and proximity to the premium water quality that characterises the western stretch.

    North Coast Zone Guide

    The Waterway North Coast

    Key Advantages and Selling Points

    • This project offers 1,086 residential units across 124 acres at KM 173, offering one of the most varied product ranges in the Al Dabaa zone. From beach cabins and chalets to twin villas and standalone villas, the project spans a price range that accommodates buyers entering at EGP 25 million and investors targeting EGP 250 million first-row properties. That span within a single development means buyers can scale their investment rather than switching projects entirely.
    • Crystal lagoons are distributed throughout the masterplan alongside the 540-metre sandy beach, creating multiple water environments within the resort. This is relevant for buyers who want the lagoon lifestyle in addition to direct sea access rather than choosing one over the other.
    • Tropical-styled landscaping is the defining visual characteristic of The Waterway North Coast. The developer chose a resort aesthetic grounded in lush greenery and water features rather than the minimalist or Mediterranean-inspired palettes more common on the North Coast. The result is a project that reads visually distinct from its Al Dabaa neighbours.
    • Full delivery. All units are delivered fully finished. In the Al Dabaa zone, where some competitors deliver core and shell or semi-finished, this is a meaningful differentiator for buyers who want a ready-to-use summer property without a finishing project on top of their purchase.
    • The Waterway Developments has an active portfolio across Egypt that includes New Cairo and Port Said projects in addition to The Waterway North Coast. The developer brings construction and delivery experience from multiple completed projects to the North Coast product.
    • The payment plan requires 10% down on contract, with the balance spread over 6 years with no interest. Phase 1 includes an additional 10% payment on delivery. This structure is straightforward and does not front-load significant amounts beyond the initial reservation.

    The Waterway North Coast

     

    Masterplan and Total Project Area

    The masterplan covers 124 acres at KM 173 with direct Mediterranean beachfront 540 metres wide. The project is organised around a central lagoon system that distributes water access across the residential clusters and connects to the beach. The tropical landscaping runs throughout the masterplan, with palm-lined streets and planted zones between residential buildings creating the resort atmosphere the developer committed to.

    Key Metric

    Confirmed Figure
    Total area 124 acres at KM 172-173, Al Dabaa
    Mediterranean beachfront 540 metres wide sandy beach
    Total units 1,086 across all product types
    Water features Crystal lagoons distributed throughout masterplan
    Hotel Within the masterplan
    Landscaping Tropical-style resort aesthetic
    Delivery Q2 2027, fully finished

     

    Unit Types and Sizes at The Waterway North Coast

    The project covers the full spectrum from entry-level chalets to premium first-row villas. All units across all phases are delivered fully finished.

    Unit Type

    		 Size Range

    Starting Price (EGP)
    Lagoon Chalet (3BR) 184 sqm From 25,000,000
    Penthouse with private pool 179 sqm From 34,600,000
    Townhouse From 275 sqm From 40,800,000
    Twin Villa From 320 sqm From 48,000,000
    Standalone Villa (standalone) Confirm at reservation From 80,000,000
    1st Row Beach Villa (single floor) 485 sqm 250,000,000

     

    Prices sourced from verified Egyptian real estate platforms and developer data (2025). Prices vary by phase, position, view, and proximity to water or beachfront. Contact D5 Realty for current confirmed pricing and unit availability.

     

    Latest Project Updates – 2025 to 2026

    Active construction is underway with Phase 1 and Phase 2 both under delivery towards the Q2 2027 handover target. The Waterway Developments has been consistent across both phases in its delivery of full finishing as standard. No changes to the payment plan structure have been announced since the project’s launch. Buyers entering Phase 2 today benefit from the same 10% down, 6-year installment plan without additional interest that Phase 1 buyers contracted under.

    The Waterway North Coast

    Facilities and Amenities

    Beach and Water

    • 540-metre wide sandy beach with family zones, water sports, and beach-edge dining.
    • Crystal lagoons distributed throughout the masterplan, swimmable and accessible from lagoon-facing units.
    • Beach promenade connecting the residential clusters to the waterfront.

    Hotel and Hospitality

    • A hotel within The Waterway North Coast masterplan provides hospitality services to residents and guests.
    • Beach dining, kiosks, and F&B outlets on the waterfront.

    Sports and Wellness

    • Swimming pools across the resort.
    • Sports courts and recreational facilities within the masterplan.
    • Cycling and walking tracks through the landscaped grounds.

    Community and Services

    • Tropical-style landscaping throughout: palm-lined streets, planted buffer zones, resort greenery.
    • 24-hour gated security.
    • Golf cart transportation within the resort.

    The Waterway North Coast

    Developer: The Waterway Developments

    The Waterway Developments is the company behind The Waterway North Coast as well as Downtown Port Said and other residential and commercial projects across Egypt. The developer brings an established portfolio of delivered projects to its North Coast commitment, with a track record that extends beyond coastal development into mixed-use projects in established Egyptian cities.

    The decision to build The Waterway North Coast in Al Dabaa rather than the more crowded Sidi Abdel Rahman or Ras El Hekma zones reflects a deliberate market positioning: competitive pricing anchored by a genuine Mediterranean location, without the price premium that the sovereign-backed Ras El Hekma zone carries.

     

    Payment Plans

    Plan / Phase

    Terms
    Phase 1 10% down payment at contract. Balance over 6 years, no interest. Additional 10% on delivery.
    Phase 2 10% down payment at contract. Balance over 6 years, no interest.
    Finishing All units delivered fully finished. No additional finishing cost.
    Delivery Q2 2027 target.

     

    Honest Disadvantages

    • KM 173 in Al Dabaa is a longer drive from Cairo than the Ras El Hekma zone entry point at KM 178, which might seem counterintuitive. The reason is that Al Dabaa’s road network adds travel time beyond what the KM marker implies. Buyers should model the actual drive time to The Waterway North Coast from their specific Cairo neighbourhood rather than estimating from the KM number alone.
    • The Waterway Developments is not a developer with the listed-company transparency of SODIC, Palm Hills, or Emaar Misr. Buyers who rely on EGX disclosures and audited public financials as their primary risk management tool will need to evaluate this developer through alternative means.
    • Q2 2027 is a forward delivery. The property cannot be used now. Buyers who need beach access for Summer 2025 or 2026 will need to make separate arrangements during the delivery gap.

     

    Frequently Asked Questions

    • What is The Waterway North Coast?

    The Waterway North Coast is a 124-acre luxury coastal resort at KM 173 in the Al Dabaa zone of Egypt’s North Coast, developed by The Waterway Developments. It features 1,086 units including lagoon chalets, townhouses, twin villas, and standalone villas, a 540-metre sandy beach, crystal lagoons, and a hotel. All units are delivered fully finished. Prices start from EGP 25 million for 3-bedroom lagoon chalets. Payment is 10% down with 6-year installments at no interest. Delivery is targeted for Q2 2027.

     

    • Where is The Waterway North Coast located?

    The Waterway North Coast is located at KM 172-173 on the Alexandria-Marsa Matrouh International Coastal Road in the Al Dabaa zone. New Alamein City is 20 minutes away, El Alamein International Airport is within easy reach, Alexandria is approximately 90 minutes east, and Cairo is approximately 3 hours via the New Fouka Road.

     

    • What are the prices at The Waterway North Coast?

    Confirmed prices at The Waterway North Coast are: 3-bedroom lagoon chalet (184 sqm) from EGP 25 million, penthouse with private pool (179 sqm) from EGP 34.6 million, townhouses (from 275 sqm) from EGP 40.8 million, twin villas (from 320 sqm) from EGP 48 million, and the first-row beach villa (485 sqm) at EGP 250 million. All units fully finished.

     

    • Is The Waterway North Coast fully finished?

    Yes. All units across both phases of The Waterway North Coast are delivered fully finished. This applies to chalets, townhouses, twin villas, and standalone villas across all positions within the masterplan.

     

    • Who is the developer of The Waterway North Coast?

    The developer is The Waterway Developments, an Egyptian real estate company with projects in the North Coast, New Cairo, and Port Said. The Waterway North Coast is the company’s flagship Mediterranean coastal project.

  • Swan Lake North Coast: Hassan Allam’s Tropical Vision for Ras El Hekma

    Swan Lake North Coast: Hassan Allam’s Tropical Vision for Ras El Hekma

    This project is not designed to look like other Ras El Hekma projects. While the zone’s dominant architectural language is Mediterranean and minimalist, Hassan Allam Properties commissioned internationally ranked JZMK Partners to give Swan Lake a Far East-inspired, tropical character: palm-lined streets, water channels threaded through the built environment, residential clusters set at varied elevations, and 74,000 square metres of crystal lagoons that double the resort’s water surface. The result is a 208-acre resort community at KM 197 that functions as a visual counterpoint to the zone’s broader aesthetic.

    This is the full guide to Swan Lake North Coast: location, masterplan, unit types, confirmed pricing, payment plans, hotel and dining anchors, developer credentials, and an honest assessment of who the project is built for.

     

    Where Is Swan Lake North Coast?

    The resort is located at KM 197 on the Alexandria-Marsa Matrouh International Coastal Road, inside the Ras El Hekma zone. The zone runs from approximately KM 178 to KM 220 and is backed by the USD 35 billion UAE-ADQ sovereign investment agreement announced in February 2024. El Alamein International Airport is approximately 30 to 40 minutes away. Cairo is a 3-hour drive via the New Fouka Road. Fouka Bay and Hacienda are within short distances east along the same road.

    The KM 197 address places Swan Lake North Coast in the heart of the Ras El Hekma zone, flanked by Gaia North Coast to the south and SODIC Ogami to the west. Soul North Coast by Emaar Misr is at KM 178, 19 kilometres east. The resort is directly adjacent to other premium Ras El Hekma projects across the road network.

    North Coast Zone Guide — Ras El Hekma, Dabaa, Sidi Heneish 

    Soul North Coast by Emaar Misr (KM 178, same zone)

    Swan Lake North Coast

    Key Advantages and Selling Points

    • 74,000 square metres of Crystal Lagoons are the defining water feature. At that scale, the lagoons are not supplemental to the beach. They are a co-equal water environment within the resort, with approximately 2 kilometres of sandy lagoon shoreline in addition to the natural Mediterranean beach. Residents have the option of the Mediterranean for sea swimming and the crystal lagoons for the controlled, sandy-edge freshwater experience daily.
    • JZMK Partners designed the Swan Lake North Coast masterplan. JZMK is a globally recognised architecture and planning firm with a portfolio spanning resort masterplans across Asia, the Middle East, and the Americas. The Far East tropical design language they brought to Swan Lake North Coast is a genuine departure from the North Coast’s standard repertoire. Mohamed Noaman, one of Egypt’s most prominent interior designers, handled the unit interiors.
    • 82 percent of the 208-acre masterplan is dedicated to open space: green landscapes, lagoons, cycling tracks, walking paths, and recreational zones. The 18 percent built footprint means residential density is structurally low, and the green coverage is generous by any comparable North Coast standard.
    • The 6-star boutique hotel within the resort is designed in the Asian/contemporary style consistent with the overall masterplan. It provides hospitality services to residents and guests year-round, with the potential for managed rental income for villa and chalet owners who enrol in the property management programme.
    • Sachi and Kazoku, two Japanese dining destinations, operate within Swan Lake North Coast. These are not generic resort F&B outlets. They are branded dining concepts that attract guests specifically for the dining experience, generating foot traffic and a social scene within the resort independently of the summer peak.
    • Fully finished delivery with air conditioning included across all unit types. The 8 percent maintenance fee is charged annually and covers the resort’s operational services. Buyers who are comparing Swan Lake North Coast against projects where AC is provisions only should account for the full finishing as a meaningful delivered value.
    • The developer has a delivered project track record across multiple Egyptian cities and coastal zones. Swan Lake West in 6th of October, Swan Lake Residences in New Cairo, HAPTown in Mostakbal City, and Little Venice in Ain Sokhna are all completed or in late delivery. For buyers who need delivery track record to underwrite their risk, Hassan Allam Properties provides it.

    Swan Lake North Coast

    Masterplan and Total Project Area

    Swan Lake North Coast covers 208 acres at KM 197 in Ras El Hekma, designed by JZMK Partners in a Far East tropical aesthetic with interiors by Mohamed Noaman. The masterplan dedicates 82 percent of the total land to green spaces, lagoons, and open recreational areas, with 18 percent allocated to residential construction. The crystal lagoons total 74,000 square metres.

    Key Metric

    Confirmed Figure
    Total area 208 acres at KM 197, Ras El Hekma
    Built footprint 18% of build, 82% dedicated to green and water
    Total homes 950 summer homes
    Crystal Lagoons 74,000 sqm
    Lagoon shoreline Approximately 2 km of sandy lagoon beach
    Masterplan architect JZMK Partners (global, tropical/Far East inspiration)
    Interior designer Mohamed Noaman
    Hotel 6-star boutique hotel (Asian/contemporary)
    Dining Sachi (Japanese) and Kazoku within the resort
    Sports club Stamina wellness centre, gym, tennis, padel, football
    Finishing Fully finished, AC included
    Maintenance 8% per annum

     

    Unit Types and Sizes at Swan Lake North Coast

    Swan Lake North Coast offers a product range from beach cabanas through to premium standalone villas. All units are delivered fully finished with air conditioning included. The JZMK-designed architecture across all unit types reflects the tropical Far East visual language of the overall masterplan.

    Unit Type Size Range

    Starting Price (EGP)
    Beach Cabana From 45 sqm Confirm at reservation
    Chalet / Junior From 45 sqm to 210 sqm From 12,400,000 (210 sqm)
    Upper Junior / Penthouse 210-230 sqm From 12,400,000 to 13,900,000
    Chalet (standard) From 205 sqm From 13,970,000 to 18,000,000
    Standalone Villa 255 sqm to 464+ sqm From 33,500,000 to 110,000,000+
    Twin House / Townhouse From 205 sqm Confirm at reservation

     

    Prices sourced from Hassan Allam Properties official website and verified Egyptian real estate platforms (2024 to 2026). Prices vary by unit type, size, view, floor, and proximity to lagoon or beach. Contact D5 Realty for current confirmed primary and resale pricing.

     

    Latest Project Updates — 2025 to 2026

    The project is in delivery across its phases, with some phases targeting Q3 2025 handover and later phases targeting 2027. Hassan Allam Properties has confirmed active construction and delivery timelines consistent with the developer’s track record on previous projects. The resort is operational across its hotel and F&B components, with Sachi and Kazoku both running as destination dining venues accessible to guests beyond resort residents.

    The Stamina wellness centre partnership within Swan Lake North Coast adds a year-round operational layer to the resort that is relevant for buyers evaluating rental yield potential. A branded wellness club with a consistent operating programme extends the resort’s appeal beyond the June-September peak season.

    Swan Lake North Coast

     

    Facilities and Amenities

    Water and Beach

    • Crystal lagoons totalling 74,000 sqm with approximately 2 km of sandy lagoon shoreline.
    • Natural Mediterranean sandy beach with family areas, water sports, and kiosks.
    • Horizon-edge lap pool overlooking the lagoon within the clubhouse complex.
    • Multiple swimming pools distributed across the resort.

    Hotel, Dining and Entertainment

    • 6-star boutique hotel designed in Asian/contemporary style within the masterplan.
    • Sachi: a Japanese dining concept, resident and guest access.
    • Kazoku: a Japanese dining destination within the resort.
    • Beach restaurant and bars at the waterfront.

    Sports and Wellness

    • Stamina wellness centre: managed sports and therapy club with classes, trainers, and spa.
    • Tennis courts, padel courts, and full-size football pitch.
    • Fully equipped gym with yoga classes.

    Community

    • Jogging and cycling tracks through the tropical landscaped grounds.
    • Children’s play area, fully secured.
    • 24-hour gated security and maintenance.
    • Property management programme available for managed rental income.

    Swan Lake North Coast

     

    Developer: Hassan Allam Properties

    Hassan Allam Properties (HAP) is the real estate development arm of Hassan Allam Holding, one of Egypt’s largest construction conglomerates with over 50 years of engineering and contracting experience. The company has delivered Swan Lake West in 6th of October, Swan Lake Residences in New Cairo, HAPTown in Mostakbal City, and Little Venice in Ain Sokhna, confirming a delivery track record across multiple product types and geographies.

    The decision to engage JZMK Partners for the Swan Lake North Coast masterplan and Mohamed Noaman for the interiors reflects the kind of international design partnership that Hassan Allam Properties has applied consistently across its premium portfolio. The Far East tropical design language at Swan Lake North Coast is not an experiment; it is the same architectural conviction that produced Swan Lake West and Swan Lake New Cairo as distinctive, recognisable products within their respective markets.

    SODIC Ogami in Ras El Hekma (same zone, comparison)

    Payment Plans

    Plan

    Terms
    Standard plan 5% down payment. 5% after 3 months. Balance over 6 years. No interest.
    Extended plan 10% down payment. Balance over 8 years. No interest.
    Maintenance 8% annually, covers resort services and operations.
    Finishing Fully finished. AC units included. No post-handover finishing required.
    Delivery Phased — Q3 2025 for early phases, 2027 for later phases.

     

    Honest Disadvantages

    • The 8 percent annual maintenance fee is above average for the North Coast. On a mid-range chalet at EGP 18 million, that is EGP 1.44 million per year. Buyers who have not factored this into their ownership cost calculation should do so before contracting. The maintenance fee is not optional and covers the resort’s ongoing service and operations.
    • The Far East tropical design language is a genuine differentiator, but it is also a matter of personal preference. Buyers who want Mediterranean-style architecture will not find it at Swan Lake North Coast. The project commits fully to its design thesis, which means it is right for buyers who share that aesthetic and less right for those who want the standard North Coast coastal palette.
    • The Stamina wellness club adds year-round operational activity to Swan Lake North Coast but does not change the fundamental North Coast seasonal pattern. The resort is summer-dominant. Buyers projecting year-round rental yields should account for the North Coast’s June-to-September peak and model the remaining months realistically.

    Frequently Asked Questions

    • What is Swan Lake North Coast?

    Swan Lake North Coast is a 208-acre luxury coastal resort at KM 197 in Ras El Hekma, developed by Hassan Allam Properties. It features 950 summer homes, 74,000 sqm of Crystal Lagoons, a 6-star boutique hotel, Japanese dining (Sachi and Kazoku), Stamina wellness centre, and a tropical Far East-inspired masterplan by JZMK Partners. All units are fully finished with AC included. Prices start from EGP 12.4 million for junior chalets. Maintenance is 8% annually.

     

    • Who designed Swan Lake North Coast?

    The Swan Lake North Coast masterplan was designed by JZMK Partners, a globally recognised architecture and planning firm known for luxury resort developments across Asia, the Middle East, and the Americas. Interior finishing concepts were developed by Egyptian interior designer Mohamed Noaman. The design brief was a Far East tropical aesthetic, which distinguishes Swan Lake North Coast from the Mediterranean-style architecture more common in Ras El Hekma.

     

    • What is the Crystal Lagoon at Swan Lake North Coast?

    Swan Lake North Coast features 74,000 square metres of Crystal Lagoons, with approximately 2 kilometres of sandy shoreline along the lagoon perimeter. The lagoons are distributed throughout the masterplan and provide a freshwater swimmable water environment in addition to the Mediterranean sandy beach. Crystal Lagoons are built under license from Crystal Lagoons International, the patent holder for this water technology.

     

    • Are units at Swan Lake North Coast fully finished?

    Yes. All units at Swan Lake North Coast are delivered fully finished with air conditioning included across all types: cabanas, chalets, townhouses, twin houses, and standalone villas. An 8% annual maintenance fee applies from the date of delivery, covering the resort’s ongoing operations and services.

     

    • What are the prices at Swan Lake North Coast?

    Current prices at Swan Lake North Coast: junior chalets (210 sqm) from EGP 12.4 million; upper junior (230 sqm) from EGP 13.9 million; chalets from EGP 13.97 million to EGP 18 million; standalone villas from EGP 33.5 million to EGP 110 million plus. Payment is 5% down + 5% after 3 months with balance over 6 years, or 10% down over 8 years. All fully finished with AC.

  • The Future of Ras Al Hekma: A Strategic Landmark for Egypt’s North Coast

    The Future of Ras Al Hekma: A Strategic Landmark for Egypt’s North Coast

    Ras Al Hekma at Egypt’s North Coast is fast turning into one of the prime real estate investment and touristic destinations consequent to a landmark partnership deal struck between Egypt and the UAE.

    Ras Al Hekma lies within the breathtaking scenery and untouched beaches along the Mediterranean coast of Egypt. The UAE leads this development under the banner Coastal Development of Egypt for Real Estate, Tourism, and Infrastructure. The deal is likely to contribute to financial development. It will place Ras Al Hekma as one of the future development hubs with high financial returns to investors, thus revitalizing Egypt’s tourism industry.

    The UAE-Egypt Ras Al Hekma Land Deal: A Strategic Partnership

    On February 23, 2024, Egypt signed an agreement with the Emirate valued at USD 150 billion, equal to 1 trillion EGP, for the development of Ras Al Hekma into a modern urban, business, and tourist center on Egypt’s North Coast.

    His Excellency the Prime Minister explained that through all its project phases, the UAE will invest 150 billion USD, and so far 35 billion USD have been injected into the national economy, representing the largest foreign direct investment in Egypt’s history.

    Ras Al Hekma: The Next Tourism and Real Estate Hotspot

    It ranks among the summer destinations; the place of Ras Al Hekma on the North Coast puts it in the ideal setting to be remade into a haven for luxurious retreats for international tourists and high-net-worth individuals.

    The Ras Al Hekma project is based on the development of sustainable tourism.

    It has been envisioned by the UAE to develop Ras Al Hekma as comprising luxury resorts, mixed-use communities, and world-class amenities.

    Architects and designers are now busy working on premium-category resorts, branded residences, and commercial areas to attract international investors.

    Meanwhile, parallel developments near Ras Al Hekma include New Alamein City, supporting the North Coast to solidly place itself as a potential global vacation destination. This therefore aligns with Egypt’s long-term strategy of attracting foreign investment and strengthening tourism as an economic pillar. The strategic vision of the Ministry of Tourism and Antiquities says it is shifting away from an all-inclusive tourism model to a diversified tourism development approach to attract 8 million high-spending tourists.

    Promising Real Estate Investments in Ras Al Hekma

    Ras Al Hekma has every potential for sound development in its real estate. All the property values have increased in the region following the UAE-Egypt partnership. The average sale prices in the North Coast saw a substantial rise, varying from 20 to 30% increases in the premium developments in 2022 to a 50% rise in 2023. The launching of the Ras Al Hekma project will cause property values to go even higher.

    Experts say that a 25 percent increase in real estate prices over just five years takes into consideration the growing demand for it from both local and international buyers.

    Future developments also include luxury villas, beachfront apartments, and commercial districts that will further make it attractive to a wide variety of investors.

    With more than 50 kilometers of coastline to develop, Ras Al Hekma boasts prime and quality land available to compete with Mediterranean hotspots such as Marbella and the French Riviera. Retail, leisure, and hospitality businesses are also seen to flock to the area, further improving its investment appeal.

    In October 2024, Abu Dhabi Sovereign Wealth Fund-ADQ named Modon Holding as the master developer of Ras Al Hekma and inked multiple MoUs to support the development of the project.

    Modon will be responsible for the first stage, 50 million square meters in total area; the remaining 120 million square meters are to be collectively developed with local and international partners through a newly established company called Ras Al Hekma Urban Development Project Company, owned by ADQ. This features 5,500 apartments, parks for amusement, shopping centers, a golf course, and a seafront.

    Orascom Construction was selected as one of the main contractors in a framework agreement.

    Moreover, Modon Holding signed an MoU with Elsewedy Electric with regard to supplying building materials and developing industrial parks in order to enable the development of infrastructures and industries of the project.

    To add to transportation links, Modon inked an MoU with Abu Dhabi Airports whereby the latter covers the areas of airport planning, design, development, and operational support to give a facelift to Ras Al Hekma for international visitors. Other MoUs with TAQA cover greenfield utility infrastructure such as water desalination and transmission.

    Modon Holding also developed with the cooperation of Valderrama a golf community addition to an otherwise urban environment for recreation.

    An MoU with Candy International addresses high-end real estate options, while the deal with Montage International concerns the development and management of luxury hotels at Ras Al Hekma. 

    Further, the MoU with Burjeel Holding was oriented toward establishing multispecialty healthcare centers and specialty health services.

    Job Creation and Economic Growth

    The UAE’s role in Ras Al Hekma goes beyond financing. The project is projected to create 750,000 jobs, directly benefiting Egypt’s economy and driving economic growth, with an estimated $25 billion annual contribution to Egypt’s GDP and total projected investments reaching $110 billion by 2045.

    From construction roles during the development phase to long-term positions in tourism, hospitality, and retail, Ras Al Hekma will offer substantial job opportunities for Egyptians.

    The extensive nature of the project necessitates skilled labor and services, with infrastructure projects like new roads, power grids, and airports enhancing the region’s accessibility and appeal to foreign investors.

    Infrastructure and Connectivity: Key to Ras Al Hekma’s Future

    Infrastructure development plays a vital role in achieving success for Ras Al Hekma.

    There is a development plan for regional connectivity by expanding the Cairo-Alexandria Desert Road and adding it new highways that will connect Ras Al Hekma with metropolitan cities like Cairo and Alexandria.

    Moreover, an international airport not far away will make it even more attractive for international tourists and investors. In addition to physical infrastructure, it is attaching priority to digital connectivity.

    It is within the context of a world moving toward smart cities that Ras Al Hekma is about to introduce advanced technologies in smart homes, eco-friendly solutions, and enhanced security—all features making it one of the most modern spots within the region. This will be supported by yet another agreement with e& Egypt to turn on digital infrastructure, fiber networks, and IoT-enabled solutions.

    The Promising Future of Ras Al Hekma

    Ras Al Hekma is not just a real estate development but a titanic transformation into shaping the future of Egypt’s North Coast, enabling the UAE to take this region to leading positions in tourism, luxury living, and smart city innovations. This presents a unique opportunity for local and international investors alike to be part of such a project that promises substantial returns, increases economic growth, and assures long-term sustainability.

    With its prime location, natural beauty, and ambitious development plans, Ras Al Hekma definitely is the place to watch. As it continues to grow, the area will go on strengthening the economy of Egypt and positioning the country for a leading role in the world in respect to the sectors of luxury real estate and tourism.

    It is in this line that Ras Al Hekma presents an opportunity that innovatively and sustainably combines exceptional potential for the investor who wishes to take a look toward the future of the Mediterranean.