Project Overview:
Developer: Modon Holding PSC (UAE-based), appointed master developer for Ras El Hekma in October 2024, under agreement with sovereign fund ADQ.
Location & Scope: Spanning about 170 million sqm, with 44 km of beachfront, situated ~200 km west of Alexandria and ~3 hours from Cairo. Designed for ~2 million residents and 2.5 million annual visitors.
Investment Scale: Around US $35 billion in initial phase and up to US $110 billion by 2045; projected to contribute ~$25 billion/year to GDP and create up to 750,000 jobs.
Unit Types & Sizes:
Apartments:
1BR – ~110 sqm (sea‑facing, smart-enabled)
2BR – ~170 sqm (with nanny room, balcony)
3BR – ~225–270 sqm (multiple kitchens, study, terrace)
4BR – ~330 sqm with large terrace
Townhouses: ~250–300 sqm (sea or cliff views)
Twin Houses: ~300–400 sqm
Standalone Villas: Starting from ~450 sqm, some up to 1,000 sqm, fully finished ultra-luxury standards.
All units are delivered fully finished (kitchens, A/C, smart home systems included).
Prices & Payment Plans:
Launch/off‑plan prices initially started ~25 million EGP, but later updated estimates suggest from 30 million EGP for standard units.
Some resale or smaller chalet-type listings offer around 8 million to 15 million EGP, though these may reflect smaller unit sizes (~90–191 sqm chalets/villas) or partial finishes.
Payment Terms:
Down payment: Typically starts at 5% at reservation, per official and independent sources.
Installment duration: Up to 7–8 years, interest‑free, with equal installments.
Delivery time: Estimated around 4 years from launch for Phase 1 units.
Why It Stands Out:
Smart City Features: Integrated residential, educational, commercial, medical, and leisure zones with smart infrastructure and sustainable design.
Luxury Amenities: Includes marinas (for cruise ships/yachts), golf courses, equestrian club, international theater, hotels, restaurants, open‑air spaces, bicycle tracks.
Year-Round Utility: Designed for permanent living, not just seasonal coastal vacationing.
Summary Details:
Feature Details Developer Modon Holding PSC (UAE), ADQ-appointed Location Ras El Hekma, ~200 km
west of Alexandria Size~170 million sqm, ~44 km coast line
Unit Types Apartments (110–330 sqm), townhouses, twin houses, standalone villas (450–1,000 sqm)
Price Range~25–30 million EGP (launch) up to ~30 million+; lower for smaller resale units (~8–15 m)
Down Payment~5% Installment
Plan Interest-free over 7–8 years Delivery~4 years Amenities Smart-city infrastructure, marinas, golf, equestrian club, schools, hospitals, retail, hotels
Mosque
Supermarket
Landscape
Security 24/7
Commercial Area
Gated Community
Sports Academy
Swimming Pools
Lagoons
Cafe and Restaurant
Medical centers
