Shary

Apartment with 123 sqm in Marina Waterfront Residences

Code MM16-A02

Ras El Hekma, North Coast, Egypt

Price 23,500,000 EGP

Growth rate +20%

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Payment plans

Original plan 660,938 EGP / quarterly 1,175,000 EGP down payment 8 years Details
Total price
23,500,000 EGP
5% paid as down payment 95% remaining
down payment
1,175,000 EGP
Total installments
21,150,016 EGP
You will pay EGP 660,938 every 3 months
Delivery payment
1,174,984 EGP
Maintenance fees
2,350,000 EGP

Apartment

Size
123 m²
Beds
2
Baths
3
Finished
Yes
Reference no.
MM16-A02
Price starts from
23,500,000 EGP
Delivery in
2030
Sale type
From developer
Finishing
Luxury Finished
Maintenance fees
2,350,000 EGP
Features
Prime Location
Developer
Modon
Address
Marina waterfront residences Ras El Hekma

Investment insights

Price growth (EGP million)

  • After delivery
  • Market price
Expected price by year (EGP)
YearAfter deliveryMarket price
202623,500,00021,150,000
202728,200,00025,380,000
202833,840,00030,456,000
202940,608,00036,547,000
203048,730,00043,857,000
203158,476,00052,628,000
203270,171,00063,154,000

Resale value

After delivery

48,730,000EGP

Estimated profit

25,230,000EGP

  • Growth rate +20%
  • Demand index 92

Shary Index analysis

Last updated October 2026
Market score Expected growth —

Price per meter range 191,100 – 442,800 EGP/m²

  • 39
    Shary Index
How is it calculated?

Shary Index components

Average price vs. the area

90 20%

Project price growth

24 20%

Area growth

24 20%

On-time delivery

40 20%

Services and facilities

16 20%

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Amenities

  • Sauna and Steam Room
  • Jacuzzi/Hot Tub
  • Restaurant and Café
  • Retail Shops
  • Wi-Fi Connectivity –
  • Parking Spaces
  • Swimming Pool

Description

Fully finished apartment for sale in Marina Waterfront Residences with 123 sqm, 2 bedrooms, 3 bathrooms and a nanny room.

Need help choosing in Marina waterfront residences Ras El Hekma?

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Modon

About Modon

Modon Developments entered the Egyptian market through a route different from that of most developers, as it leads the Ras El Hekma master plan across approximately 170.8 million square metres, with a first phase covering around 50 million square metres. This scale places the company in charge of developing an entire city rather than a…

FAQs

Who is the developer of Marina Waterfront Residences Ras El Hekma?

Marina Waterfront Residences is developed by Modon, an international holding company headquartered in Abu Dhabi.

What is the total area of Marina Waterfront?

The total land area has not been publicly disclosed, while unit internal areas start from 82 sqm.

What are the unit prices at Marina Waterfront Ras El Hekma?

Prices start at EGP 18,500,000 in 2026, although the available information does not specify the unit type linked to this starting price.

What unit types are available at Marina Waterfront Residences Ras El Hekma?

The project offers apartments, duplexes, and townhouses in different sizes.

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