Ras Elhekma offers one of the largest bays on Egypt Mediterranean sea, sprawling over 50 kilometers of land into the sea.
Home of the Kings; former king of Egypt King Farouk built one of his palaces at the tip of the bay, and privatized the beautiful segregated lake in the area, called Hammam el Amirat for the exclusive use of the princesses. These were the only people allowed to swim there. For years, the tranquil gem remained an untouched area of splendid beauty, famed for its soothing turquoise sea and untouched pure white sands.
Scope: 1.1 million square meters waterfront project with 3,500 residential units in seven zones surrounding a 270,000 square metre lagoon. The project features a 2 km beach, shopping mall and a hotel.
Developer: Jumeirah Real Estate and Sakan Developments
Estimated value: $1.7 billion
Source: MEED Projects report & https://mostakbal-re.com/new/