New EGP 3B Marina & Waterfront Project Gets Final Approval
A large-scale marina and mixed-use waterfront development has received its final building permits, with construction expected to begin before year-end.
The Red Sea Ports Authority has granted final building permits for the EGP 3 billion Al Marsa Waterfront development, a 35-acre marina and mixed-use project located on Hurghada's northern coast. The developer, Al Marsa Development Group, expects to break ground in November 2026.
Project Scope
Al Marsa will feature a 250-berth marina capable of accommodating superyachts up to 60 meters, a waterfront promenade with retail and dining, two hotels (one 5-star, one 4-star), and 450 residential units ranging from studios to penthouses. The project also includes a public beach club and a maritime museum.
“This isn't just another marina — it's designed to be a destination in its own right, drawing both yacht traffic from across the Mediterranean and residents who want walkable access to the water.”
— CEO, Al Marsa Development Group
Sales Launch
Pre-sales for the residential component are expected to open in Q1 2027, with prices starting at EGP 3.5 million for a studio and reaching up to EGP 25 million for a penthouse with direct marina views. International marketing will target buyers in the Gulf, Europe, and Russia.
Completion is scheduled in three phases, with Phase 1 (including the marina and first hotel) ready by 2029.
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