Ras El Hekma Real Estate — The New City, Resorts and Prices
Last reviewed: 19 August 2026
Ras El Hekma is a Mediterranean coastal area west of Alexandria and east of Marsa Matrouh. It contains established private resorts and new launches, and since 2024 it has also become the site of a major city development under a USD 35 billion initial investment announcement. ADQ appointed UAE-based Modon Holding as master developer.
Two overlapping markets must be separated: the city-scale Modon masterplan and its new precincts such as Wadi Yemm, and independent private resorts including Fouka Bay, June, Caesar, Mountain View Ras El Hekma and Hacienda West.
The Ras El Hekma Megaproject
Official sources describe an approximately 170.8 million sqm smart, tourism, residential and business city, with planned airport, road and rail connections. This is a long-term masterplan, not evidence that every element operates today.
ADQ is the investor and Modon Holding PSC is master developer. Modon Developments Egypt is a different Egyptian company and must never be merged with Modon Holding.
Wadi Yemm is presented as the first precinct moving into active delivery. New branded products include Montage Ras El Hekma and Nammos Residences, alongside villas, townhouses, apartments and serviced residences.
Independent Resorts vs Modon
| Project | Developer | Correct relationship |
|---|---|---|
| Fouka Bay | Tatweer Misr | Independent private resort in the Ras El Hekma area |
| June, Caesar, Ogami | SODIC | Independent private communities |
| Hacienda West/Ras El Hekma | Palm Hills | Independent private communities |
| Mountain View Ras El Hekma | Mountain View | Independent private community |
| Jefaira | Inertia | Independent private community |
| Solare | Misr Italia | Independent private community |
| Wadi Yemm, Montage, Nammos | Modon Holding | Products/precincts within the city project per official sources |
Selected Developers
| Developer | Projects |
|---|---|
| Modon Holding | Masterplan, Wadi Yemm, Montage, Nammos |
| SODIC | Caesar, June, Ogami |
| Tatweer Misr | Fouka Bay, Salt |
| Palm Hills | Hacienda West, Hacienda Ras El Hekma |
| Mountain View | Mountain View Ras El Hekma |
| Inertia | Jefaira |
| Misr Italia | Solare |
| La Vista | La Vista Ras El Hekma, Seavia |
| MARAKEZ | Ramla |
| Al Marasem | Mar Bay |
Price Snapshots — 19 August 2026
| Project | Type/phase | Published starting price |
|---|---|---|
| June by SODIC | Official developer page | EGP 28,016,000 |
| Caesar | Multiple | EGP 41,064,690 |
| Ogami | Multiple | EGP 22,753,000 |
| Water Chalet – Ogami | Phase | EGP 15,669,450 |
| Hacienda West | Phase | EGP 16,277,016 |
| Hacienda Ras El Hekma | Launch/phase | EGP 12,000,000 |
| Fouka Bay | Apartments/chalets | EGP 13,258,120 |
| Salt | Multiple | EGP 35,000,000 |
| Crete Island | Townhouse phase | EGP 39,341,656 |
| Seavia at La Vista | Units | EGP 16,800,000 |
| Jefaira Quayside | Multiple | EGP 7,014,150 |
| Solare | Multiple | EGP 9,501,750 |
| Gaia | Multiple | EGP 25,245,000 |
| The Med | Apartments/phase | EGP 13,243,000 |
| Mar Bay | Multiple | EGP 14,028,000 |
| Ramla | Multiple | EGP 22,724,000 |
Avoiding Speculative Mistakes
- Do not buy solely because of the city’s headline investment value.
- Separate the Modon city project from private resorts.
- Verify land, developer and phase in the contract.
- Calculate full instalments, maintenance and assignment costs.
- Review delivery and the first usable summer.
- Study competing supply for the same handover year.
- Do not assume planned infrastructure guarantees appreciation.
- Stress-test holding for three to five years without resale.
- Verify the legal basis of any guaranteed return.
- Separate personal-use value from financial return.
Benefits
- Strong beaches in many parts of the bay.
- Major city investment and infrastructure attention.
- Local and international developers and hospitality brands.
- Chalets, villas, apartments and serviced residences.
- Personal use, rental and long-term development potential.
Risks and Trade-offs
- News-driven pricing and speculation.
- Long delivery periods and changing phase plans.
- Significant future competing supply.
- Seasonal operation in much of the market.
- Assignment restrictions and slow resale.
- Marine maintenance, humidity and salt exposure.
- Confusion between Modon Holding and Modon Developments Egypt.
- Loose use of “Ras El Hekma” for nearby locations.
Buyer Checklist
- Identify Modon masterplan or independent resort.
- Match developer and contracting entity.
- Review allocation, coordinates and licences.
- Visit the beach, plot and phase.
- Review progress and previous handovers.
- Calculate full price, maintenance and assignment.
- Fix row, view and beach access contractually.
- Review finish, AC and waterproofing.
- Review letting and property-management rules.
- Review cancellation, refund and delay clauses.
- Use independent legal review for a significant purchase.
Suggested Internal Links
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Read moreFrequently asked questions
1Who is master developer of the Ras El Hekma city project?
ADQ appointed UAE-based Modon Holding PSC as master developer in October 2024.
2Is Modon Holding the same as Modon Developments Egypt?
No. They are separate entities and require separate profiles and slugs.
3Are Fouka Bay and June part of Modon’s project?
Not automatically. They are independent private communities in the geographic Ras El Hekma market, developed by Tatweer Misr and SODIC respectively.
4What is Wadi Yemm?
Modon presents Wadi Yemm as the first precinct moving into active delivery within the wider Ras El Hekma masterplan.
5Is Ras El Hekma property guaranteed to appreciate?
No. Large investment announcements do not remove entry-price, contract, delivery, competition, maintenance and resale risk.
Always verify official documents, site progress and developer licences before making any contractual commitment.
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