Marassi Red Sea (Phase 1): reviews and facts
What is published about Marassi Red Sea (Phase 1) in Soma Bay / Safaga, Red Sea, Egypt, what official registers and other sources say, and what changed over time. Facts only, each with its source.
- Location
- Soma Bay / Safaga, Red Sea, Egypt
- Stage
- off-plan enterpriseam.com
- Handover on record
- 2029 enterpriseam.com
- Permit or licence number
- not published
- Deposit protection
- not researched yet
- Page we read
- enterpriseam.com enterpriseam.com
- Last checked
- 5 Nov 2026
- Open data record
- EGY-006
In short
- Marassi Red Sea (Phase 1) is listed as off-plan in Soma Bay / Safaga, Red Sea, Egypt, by Emaar Misr for Development S.A.E.. enterpriseam.com
- The handover date on record is 2029. enterpriseam.com
- No permit or licence number is published in the sources we read. emaarmisr.com
- Of 11 developer claims we checked, 6 are confirmed by a register or an independent source, 5 are not yet verified and 0 are contradicted by another source. Open data record
What is promised
As published by the developer or on listing pages, in the wording of the source.
- Price from: EGP 11,000,000 - 95,000,000 enterpriseam.com
- Unit sizes: 65 - 647 m² enterpriseam.com
- Unit types: 1BR, 2BR, 3BR chalet, townhouse, twin house, villa, water home enterpriseam.com
- Payment plan: instalments up to 7 years (portal) enterpriseam.com
- Ownership: freehold; Egyptian law allows foreigners to own a limited number of residential units enterpriseam.com
- Brand or operator: Vida (Emaar Hospitality) enterpriseam.com
- Permit authority: Tourism Development Authority / Red Sea Governorate (resort land); building licences by the competent authority enterpriseam.com
- Construction start: September 2026 enterpriseam.com
- Handover promised: 2029 enterpriseam.com
- community page with dated construction update (September 2025) emaarmisr.com
- Laguna Villas & Townhomes brochure (Apr 2026) with unit types R-6A to TH-1C, 164 to 345 m2 gross emaarmisr.com
- fully finished units emaarmisr.com
- Marina Bay, Marina Waterfront, Marina Shore and Marina Views residences (sizes only) emaarmisr.com
- press: EGP 20bn phase-1 construction contracts, handover 2029 emaarmisr.com
Delivery and delay record
Every dated promise we found, how it changed and whether the date has passed. Status rules: promise tracker.
- Handover or completion: 2029 date still ahead
developer or listing page, copy of 5 Nov 2026 (SHA-256 fb10b9f053a4d87e) enterpriseam.com
Permits and licences
- No permit or licence number is published in the sources we read.
- No licence, decree or building permit number published by Emaar Misr or portals emaarmisr.com
Live check in the official registers
Queries the official registers we can reach for this country now and shows what each returns. Each answer is hashed (SHA-256); nothing is invented, a register with no data says so.
The six buyer checks
Public means the information is published. The level says who confirms it. Method: how we score.
| Check | Public | Who confirms it | What we found |
|---|---|---|---|
| Permit or licence number | no | not published | No licence, decree or building permit number published by Emaar Misr or portals emaarmisr.com |
| Deposit protection | no | not published | Nothing published on escrow or deposit protection; Egypt has no mandatory off-plan escrow and payments go to the developer emaarmisr.com |
| Construction progress | yes | confirmed by an independent source | Community page shows a dated construction update (September 2025); Zawya reported in Aug 2026 that site grading for phase 1 was nearing completion emaarmisr.com |
| Floor or site plans | yes | stated only by the developer | Emaar brochure for Laguna Villas & Townhomes shows typology plans and gross areas emaarmisr.com |
| Developer track record | yes | confirmed by an independent source | EGX-listed; reviewed interim statements to 30 June 2026 show handover revenue at Marassi, Uptown Cairo, Mivida and Cairo Gate emaarmisr.com |
| No guaranteed returns | yes | stated only by the developer | No guaranteed return language from Emaar; a portal mentions 'rental returns' generically emaarmisr.com |
Developer claims we tested
| Claim (source wording) | Result | Checked against | Source |
|---|---|---|---|
| EGP 900bn development agreement with Citystars signed Sept 2025 | verified | independent | enterpriseam.com |
| Phase-1 construction contracts of about EGP 20bn awarded | verified | independent | enterpriseam.com |
| Site grading for phase 1 nearing completion (Aug 2026) | verified | independent | zawya.com |
| Phase-1 handover in 2029 | verified | independent | enterpriseam.com |
| Phase-1 sales above EGP 80bn | not verified yet | enterpriseam.com | |
| Emaar Misr is a registered Egyptian joint stock company (commercial register No. 12841) listed on EGX since 2015 | verified | independent | static.mubasher.info |
| Emaar Misr has delivered units at Marassi, Uptown Cairo and Mivida | verified | independent | static.mubasher.info |
| Land registered in Emaar Misr's name | not verified yet | static.mubasher.info | |
| Apartments from EGP 11m, villas EGP 42m to 95m | not verified yet | elbayt.com | |
| Vida branded residences launched 14 Sept 2026 | not verified yet | d5realty.com | |
| Building permit issued | not verified yet | emaarmisr.com |
What changed, with dates
- No dated change recorded yet.
- Fingerprint of the developer page text on 5 Nov 2026: SHA-256
7dbefdaa42232f72.... Anyone can check it on kolaboro.com/verify. kolaboro.com/verify
Public reports
What public sources report, with the link. We list reports; we do not judge the developer.
- No reports of disputes, regulator action, stoppages or financial difficulty found in the sources we read.
About the developer
- Founded: 2005 enterpriseam.com
- Head office: Cairo, Egypt enterpriseam.com
- Legal entity: Emaar Misr for Development S.A.E., commercial register No. 12841 (16 March 2005); subsidiary of Emaar Properties PJSC enterpriseam.com
- Listed or audited: Listed on the Egyptian Exchange (EMFD.CA) since March 2015; reviewed interim statements to 30 June 2026 enterpriseam.com
- EGX-listed; reviewed interim statements to 30 June 2026 show handover revenue at Marassi, Uptown Cairo, Mivida and Cairo Gate enterpriseam.com
Other projects by Emaar Misr for Development S.A.E. that we track
Similar projects
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- Hacienda Ras El Hekma Egypt · off-plan
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- Ogami (Nobu) Egypt · off-plan
Market context: Egypt
- We track 13 projects in Egypt. 8% publish a permit or licence number and 0% state deposit protection. kolaboro.com/m
Buyer reviews
There are no verified buyer reviews of Marassi Red Sea (Phase 1) yet. We publish a review only from a buyer who proves the purchase (fingerprint of the contract or receipt, signed with a passkey) and only after a moderator has read it.
Reviews waiting for moderation are not shown.
Right of reply
Are you the developer? Send documents and we add your reply to this page. Found a wrong fact? Tell us and we correct it with a dated note.
Reply as the developer Report a correction Questions to ask the developer
Before you pay
Paste the project link for a free live check of what official registers say. For a full desk review and a site visit by a local agent, order the pre-purchase check.
Questions buyers ask
Is Marassi Red Sea (Phase 1) legit?
Kolaboro does not label projects or developers. What the public record shows: No permit or licence number is published in the sources we read. Of 11 developer claims we checked, 6 are confirmed by a register or an independent source, 5 are not yet verified and 0 are contradicted by another source. The handover date on record is 2029. No reports of disputes, regulator action, stoppages or financial difficulty found in the sources we read. Check the sources on this page and ask the developer for documents before paying.
When will Marassi Red Sea (Phase 1) be delivered?
The handover date on record is 2029.
Who is the developer of Marassi Red Sea (Phase 1)?
Emaar Misr for Development S.A.E., according to the sources listed on this page.
Does Marassi Red Sea (Phase 1) have a permit or licence?
No permit or licence number is published in the sources we read.
Are there reviews of Marassi Red Sea (Phase 1)?
There are no verified buyer reviews yet. Buyers who prove their purchase can submit one; it is published after moderation.
Sources
Every fact on this page links to its source. Pages we read are fingerprinted and kept by date.
- enterpriseam.com https://enterpriseam.com/egypt/2026/09/15/emaar-misr-signs-egp-14-bn-in-construction-contr...
- emaarmisr.com https://www.emaarmisr.com/our-communities/marassi-red-sea/
- d5realty.com https://d5realty.com/vida-branded-residences-marassi-red-sea/
- elbayt.com https://elbayt.com/en/real-estate/marassi-red-sea-in-soma-bay-launch-highlights-pricing-gu...
- foudalens.com https://foudalens.com/disclosures/EMFD.CA/financial_statement/2026-08-09_292592_1.pdf
- static.mubasher.info https://static.mubasher.info/File.Mix_Announcement_File/871D51C9-B833-4510-B206-BA3DC35395...
- emaarmisr.com https://www.emaarmisr.com/wp-content/uploads/2026/02/Emaar-Misr-Marassi-Red-Sea-Brochures-...
- zawya.com https://www.zawya.com/en/capital-markets/emaar-misr-posts-41.9-yoy-hike-in-consolidated-pr...
- zawya.com https://www.zawya.com/en/projects/emaar-misr-lines-up-358mln-villa-contracts-for-marassi-r...
Last checked 5 Nov 2026. How we collect data: data policy. Facts quoted from sources are shown in the language of the source.