Amarina Soul Hurghada

Amarina Soul Hurghada

Executive Summary

The “Amarina Soul” (Marina Soul) project offers a new luxury residential development in the Magawish area of Hurghada. It occupies a prestigious second-row position behind the main corniche hotels. The real estate development division of the renowned Egyptian hotel group “Amarina” presents this project. It comprises 260 residential units across approximately 4,500 m², including studios and 1- to 3-bedroom apartments.

Initial prices start from around $22,000 for a studio up to $128,300 for two-bedroom apartments. The payment plan offers 15% down payment with the balance payable over 5 years. Expected delivery is in 2029 with **a one-time maintenance fee of 10%**.

The project features a contemporary architectural façade and luxurious interior design inspired by seaside resort themes. Therefore, it makes an attractive option for permanent residence, investment, or tourist accommodation. Its strategic location offers select units partial sea views. Additionally, the beach and surrounding services such as Senzo Mall and hotels are just a short walk across the promenade.

Image: Architectural visualization of the Amarina Soul project in Hurghada.

Developer and Track Record

The real estate development division of the “Amarina Group” (Amarina Properties) serves as the developer. This division is affiliated with the Amarina hotel group. The Amarina Hotels group established itself in 2019 and manages several luxury tourist resorts on the Red Sea coast, including the 5-star Amarina Abu Soma Resort.

The group’s entry into the real estate sector combines its hospitality expertise with market demand for income-generating units. To date, no independent official references regarding its construction track record exist. However, the company enjoys a good reputation in hotel hospitality.

No secondary co-developer has announced participation. Nevertheless, some advertisements indicate collaboration with local real estate marketing companies such as Hurghadians and exhibitions like NK Estate.

Location and Spatial Analysis

The project sits in the Magawish area of Hurghada, at the intersection of the “Jungle Compound” community and the new tourist promenade. Importantly, this is a second-row location, meaning it sits behind the first-line hotels directly on the corniche.

This address offers convenient access to city amenities. It lies minutes from Hurghada International Airport (approximately 10 minutes) and close to the large Senzo Mall and the institutional district. Maps indicate it sits next to a hotel, specifically adjacent to the “Mercure Hurghada” hotel, which stands directly on the corniche. Approximate coordinates are around (27.13° North, 33.82° East) in the heart of Magawish.

Consequently, the tourist location offers excellent advantages. It provides easy access to tourist facilities such as restaurants and cafes on the corniche. Additionally, it sits close to commercial complexes like the Grand Aquarium and Senzo Mall.

To the south lie upscale residential and coastal areas such as Shalateen and the Al-Farmana area. To the north stretches the sea with the Red Sea Gulf. Notably, Amarina Soul’s second-row position makes it a more affordable alternative to front-row properties, while still benefiting from the vibrant seaside atmosphere.

Master Plan, Land Area, and Phases

The project currently divides into an initial phase open for pre-registration (Expression of Interest). The total land area measures approximately 4,500 m² and comprises 260 residential units. No detailed information exists regarding future phases.

Nevertheless, market expectations suggest that additional phases will launch after completing sales for the first phase. Currently, Phase One units (studios, 1-2 bedroom apartments) are offered at prices known as “Phase One EOI.”

All units feature a modern, high-quality design. The master plan includes warm stone facades and architectural arches befitting Hurghada’s coastal character. The design concept combines low-rise buildings (3-4 floors) around a central swimming pool and internal landscaped gardens. Official regulations indicate an EOI (reservation) fee of EGP 100,000, which is refundable.

Sea Views and Beach Access

As a second-row development, Amarina Soul does not have a private beachfront. However, it is conveniently located just behind the first-line hotels. Residents can access the public sandy beach and the Red Sea waters by crossing the corniche promenade within a 2–3 minute walk.

Regarding the views, it is important to set clear expectations. Ground and mid-level units may have partial or obstructed views due to the buildings in front. However, the upper floors (4th floor and above) are expected to offer clear, panoramic sea views over the rooftops of the front-row hotels.

Amarina Soul’s location distinguishes itself by sitting between two major hotel projects. There is no data on a private marina, but marketing points to proximity to Hurghada Marina and the Red Sea Club. In short, the project offers the perfect balance of affordability and visual appeal for buyers who prioritize value over direct beach access.

Unit Types and Sizes

Units available in the first phase include:

• Studios: Ranging from 26 to 56 m².
• 1-Bedroom Apartments: Approximately 36–60 m². (Updated from 56–60 based on the latest price list).
• 2-Bedroom Apartments: Approximately 73–92 m².

Note: Marketing for the project mentions the possibility of 3-bedroom units (3BR) in later phases, with areas up to 122 m². However, these were not included in the first phase.

A typical floor plan shows variation in studio sizes. The smallest starts at 26 m² with a small living area and one bathroom. The largest reaches 56 m² for a spacious studio with a terrace. 1-bedroom apartments come in at about 36–60 m² with a bedroom, living room, and bathroom. 2-bedroom apartments range from 73–92 m², typically featuring two bedrooms, two bathrooms, and an open kitchen.

No detailed floor plan data is currently available. However, marketing designs highlight spacious balconies and large windows to maximize the available sea views.

Unit Types and Sizes Table (Phase One)

Sources: Advertising page and official updated price list (Availability.pdf).

Current Price List and Historical Price Trends

Currently available information limits itself to pre-launch EOI Phase 1 prices based on the updated official list. Prices are as follows (in USD):

• Studio: $22,000 – $65,600.
• 1 Bedroom: $31,400 – $57,200.
• 2 Bedrooms: $63,700 – $128,300.

When dividing prices by area, these translate to roughly $780–$1,400 per square meter, depending on floor, view, and unit type. Please note that these prices do not include cash discounts or final appraisals. Consequently, they may change after the initial launch phase ends.

It is important to note that these prices reflect the project’s second-row location. Front-row beachfront properties in the same area typically command much higher price points. Therefore, Amarina Soul represents a more accessible entry point for buyers seeking sea-view living at a competitive rate.

For a fixed price, you should contact the developer or agents for an official, up-to-date price list. No known data exists on historical price shifts since the project is entirely new. However, we can observe that Hurghada real estate prices are generally rising due to tourist demand, despite the Egyptian pound’s fluctuation.

Price Summary Table (USD)

USD approximations based on an exchange rate of approximately 50 EGP/USD. Prices updated from the official availability PDF.

Payment Plans and Financing

The project adopts a flexible payment plan over five years. Announced terms require 15% down payment of the unit price, with the remainder paid in annual installments over 5 years. No information is available on higher initial payments for cancellation or additional interest fees. Likely, these installments are interest-free as common in the market.

No specific bank loans or financing institutions have announced participation in the project. Therefore, purchase relies solely on the developer’s installment system. The current payment plan for pre-delivery initial phases indicates no additional interest. The buyer pays 15% upfront for unit reservation. Subsequently, they divide the remaining amount according to the agreed schedule. This plan offers relatively flexible terms compared to some projects requiring down payments of up to 30–50%.

Regarding external financing, practically no local currency bank loans exist for foreigners for tourist residential projects in Egypt. Thus, many buyers rely on self-financing or using USD/EUR privately. The developer offers this facilitated plan to encourage investors and tourists to purchase without needing the full amount upfront. Nevertheless, buyers should confirm final details and the payment timeline directly with the developer.

Construction Status and Delivery Dates

Currently, the project sits in the pre-construction phase with the launch of the expression of interest/reservation phase. There is no tangible evidence of excavation or major construction work starting. Consequently, the 2029 delivery date remains part of future planning. This depends on construction progress, achieving funding milestones, and selling units.

According to official information, delivery is planned for the year 2029. However, no detailed timeline for structural or infrastructure work has been issued. Construction work will likely begin after concluding the initial reservation phase. This could happen by the end of 2026 or 2027, aligning with similar projects in the area.

Interested buyers should consider that new projects in Egypt can face delays due to changing economic conditions or obtaining approvals. Therefore, we advise regularly checking project news through the developer or real estate agents.

Services and On-Site Amenities

Marketing information suggests the project will include carefully developed amenities suitable for a “resort” hotel character. From features listed in some sources, we can infer the following amenities:

• Shared Outdoor Swimming Pool: Inspired by hotel design, likely occupying a central area.
• Landscaped Gardens: Renderings suggest green areas with seating paths around the buildings and pools.
• Commercial/Service Areas: Commercial frontages noted with “Brand Name” on the main facade, indicating potential ground-floor shops or cafes serving residents and visitors.
• Gym/Fitness Center: Though not directly mentioned, most resort-style projects include a fitness facility.
• 24/7 Security: As expected in quiet, tourist-oriented compounds.

A property advertisement source explicitly mentions “balcony/terrace and swimming pool” as part of the project’s features. Beyond this, no official list of services exists such as kindergarten, restaurant, or health club. However, the developer’s hotel experience suggests they might integrate rental services such as rental management, caretakers, and possibly a reception or concierge to assist owners with rentals.

Monthly Expenses

Owners must pay a maintenance fee of 10% of the unit’s value (noting that this fee is payable only once, and is not annual), as announced by the developer. This fee covers the operating costs of common amenities, which include cleaning, security, and general maintenance. Compared to local standards, the 10% rate is relatively high; however, this is common in upscale hotel projects.

Pros and Cons / Reality vs. Expectations

Pros

• Competitive Pricing: As a second-row project, it offers more affordable rates compared to front-row beachfront competitors, while still providing access to the same area amenities.
• Upper-Floor Sea Views: Higher floors (4th and above) are expected to deliver clear, panoramic sea views over the front-row rooftops.
• Flexible Payment: 15% down payment + 5-year installments, easing purchase.
• Attractive Returns: High rental potential in Hurghada with gross return of 7–10%.
• Luxurious Design: Contemporary stone facades and hotel-style elements consistent with the Amarina hotel group’s record.

Cons/Risks

• Second-Row Location & Obstructed Views: The project does not sit directly on the sand. Lower-floor units may have limited or obstructed sea views due to the first-row hotels/buildings in front. Buyers must carefully select higher floors to guarantee a clear vista.
• Pre-Construction Phase: No actual construction progress yet increases the risk of delivery delays.
• Currency Fluctuation: Exchange rate forecasts may affect investment value for international buyers as the Egyptian pound may continue to fluctuate.
• Maintenance Fees: 10% one-time fee is a significant upfront cost for some buyers, especially when added to the down payment. (Updated from “annually”).
• Market Saturation: Hurghada is seeing increased supply of properties. Therefore, you should ensure price competitiveness against other options.

In summary, the project appears realistic in delivering what the developer promises: a luxury residential location with sea views at a competitive price point. However, investment remains contingent on construction completion and the effective management of the project post-delivery. Prospective buyers should carefully consider the floor level they purchase to ensure the desired sea view. Additionally, they should continuously check project developments and carefully read contract clauses, especially regarding timelines and finishing.

Frequently Asked Questions (FAQ)

Where exactly is the Amarina Soul project located?
It is located in the Magawish area of Hurghada, in the second row behind the Jungle Tourist Compound and the main corniche hotels.

Is this a beachfront project?
No. Amarina Soul is a second-row development. This means it sits behind the first-line hotels. The public beach is approximately a 2-3 minute walk across the promenade.

Will I have a sea view?
It depends on the floor. Ground and mid-level units may have partial or obstructed views. However, upper floors (4th and above) are expected to offer clear, panoramic sea views.

Who is the developer and owner of the project?
The developer is the real estate division of the Egyptian hotel group “Amarina.” This division focuses on property development leveraging the group’s hospitality expertise.

What is the project’s master plan?
The project sits on ~4,500 m² of land and comprises 260 units. The first phase includes studios and 1–2 bedroom apartments. It is designed with low-rise buildings around an internal walkway/swimming pool area.

What are the unit types and sizes?

• Studio: 26–56 m² (one bathroom, open living/sleeping space).
• 1-Bedroom: 36–60 m² (separate bedroom, living room, bathroom). (Updated).
• 2-Bedroom: 73–92 m² (two bedrooms, two bathrooms, separate kitchen).

What are the current prices per unit?
Phase One prices (updated) start from: Studio at ~$22,000, 1-Bedroom at ~$31,400, and 2-Bedroom at ~$63,700 depending on area. These prices reflect the second-row location. Consult the real estate agent or developer for final and updated price lists.

What is the payment plan and down payment?
The approved payment plan requires 15% down payment, with the remaining price installment over 5 years. No additional interest has been announced. Purchase is possible after paying the deposit and signing the contract.

When will the units be delivered?
Expected delivery as per the developer is the year 2029. The project is currently in the pre-construction and launch preparation phase. Follow official announcements for any updates.

What services and amenities does the project have?
Expected amenities include a shared outdoor swimming pool, green spaces, terraces, and possibly other recreational facilities. Information is incomplete. However, the project is expected to provide security, rest areas, and basic hotel-style facilities.