Ras El Hekma Wadi Yemm .. A New Era for Egypt's North Coast

Ras El Hekma Wadi Yemm project is set to become a game-changer for luxury real estate and tourism on the North Coast of Egypt.

This ambitious coastal city is being developed by the Emirati company Modon in partnership with the Egyptian government. It’s designed to be a fully integrated, smart, and sustainable destination that combines luxury living with world-class amenities.

Project Scope & Key Features

This massive development spans 170.8 square kilometers and features a stunning 44-kilometer beachfront. It is designed to accommodate over two million people and will include:

• 310,000+ residential units

• 50 hotels

• An international marina and three internal marinas

• A cruise ship terminal

• A sports stadium, three golf courses, and an equestrian center

• A central business district and a free zone with investment incentives

Wadi Yam: The First Phase

The project is kicking off with the launch of "Wadi Yam," the first district located right on the beachfront. Wadi Yam offers a mix of residential and leisure facilities, including two golf courses, a country club, and a massive open-air amphitheater with a capacity for 10,000 people.

• Residential Options: From one-bedroom apartments to luxurious seven-bedroom villas, each unit is designed with premium facilities.

• Pricing Details:

  • Apartments: Start around $350,000

  • Villas: Average price for a seven-bedroom villa is approximately $6.6 million

    

Investment & Global Impact

The Ras El Hekma project is a monumental investment partnership between Egypt and the UAE. The deal is valued at approximately $150 billion over the project's lifetime. Notably, Egypt secured an initial investment of $35 billion from the agreement.

This significant deal has already had a major impact on the global stage. Data from the UN Conference on Trade and Development (UNCTAD) shows that the Ras El Hekma Wadi Yemm helped boost Egypt into the top ten countries for foreign direct investment (FDI) in 2024, with inflows reaching $46.6 billion, surpassing even the UAE. This highlights Egypt's growing prominence on the global investment map.