Grounds Developments Enters Red Sea Market With Tamaraya Project in South Hurghada

Grounds Developments has officially entered Egypt's Red Sea real estate market with the launch of Tamaraya, a mixed-use residential community in South Hurghada — marking the developer's first coastal project and signalling growing confidence in the region's year-round living potential.

Project Scope

Spanning 60,000 square metres in the Magawish area near Senzo Mall, Tamaraya is designed as a low-density, walkable community with a strong emphasis on sustainability. Green and open spaces will exceed the built-up footprint — a deliberate choice to prioritise natural ventilation, energy efficiency, and long-term liveability over maximum unit density.

The project offers studios starting from 45 m², one-bedroom apartments from 60 m², and two- and three-bedroom units up to 120 m². Prices start from approximately EGP 4,200,000 with a 10% down payment and up to 7 years interest-free instalments.

“Tamaraya is designed for permanent, year-round residency — targeting international buyers, Egyptian expatriates, and local residents seeking integrated community living rather than seasonal escapes.”

— Youssef Fekry, Founder and CEO, Grounds Developments

Market Significance

This positioning reflects a broader shift in Hurghada's real estate market, where demand is increasingly driven by remote workers, European retirees, and families seeking full-time coastal living — not just vacation homes. South Hurghada is emerging as the new growth corridor, with Tamaraya joining other recent launches near the airport and Senzo Mall.

• Studios from 45 m², 1BR from 60 m², up to 3BR at 120 m²
• Prices from EGP 4,200,000
• 10% down payment, 7 years interest-free
• 80% green and open spaces
• Architectural partner: Studio Five