Grounds Developments has announced its entry into Egypt’s Red Sea market with the launch of its first coastal project, Tamaraya, located in South Hurghada. Spanning approximately 60,000 sqm, Tamaraya is planned as a low-density residential development designed to accommodate a range of uses, including primary residences, tourism-related stays, and investment properties. Grounds Developments has appointed Studio Five as the project’s architectural and master planning consultant, overseeing the overall design vision and planning framework. Ahmed Tarek, Partner at Studio Five, noted that the design approach is tailored to the Red Sea environment, focusing on integrating built structures with surrounding open spaces. The launch of Tamaraya marks Grounds Developments’ first step into the Red Sea region, as the company expands its footprint beyond its existing portfolio and taps into growing demand for coastal real estate in Egypt.

Source: Daily News Egypt March 29, 2026 17:32 UTC