Silversands North Coast is a 506-acre Mediterranean beachfront resort by ORA Developers in Sidi Heneish, Egypt's North Coast, with over 1 kilometre of private shoreline and a starting price of AED 1.13 million in current developer pricing. The project is owned by ORA Developers, founded by Egyptian billionaire Naguib Sawiris, and masterplanned by WATG — Wimberly Allison Tong & Goo, one of the world's most recognised resort planning firms. For UAE-based buyers evaluating this project, this guide covers the verified project details, the location reality relative to the Ras El Hekma investment zone, and the legal and financial framework that applies to foreign nationals buying property in Egypt. Oplus International Realty covers international real estate for UAE-based investors.
The Location — Sidi Heneish, Not Ras El Hekma
This distinction matters for any UAE buyer evaluating this project in the context of Egypt's investment story.
Silversands North Coast is positioned at kilometre 243 on the Alexandria–Marsa Matrouh Desert Road, in the coastal area of Sidi Heneish. This places it adjacent to — but not within — the Ras El Hekma designated development zone.
In February 2024, the UAE's ADQ (Abu Dhabi Developmental Holding Company) signed a landmark investment agreement with the Egyptian government to develop Ras El Hekma — the deal was described as the largest single FDI inflow in Egypt's history, with an initial commitment of USD 35 billion. This agreement significantly elevated property values along the entire North Coast corridor, including Sidi Heneish.
Silversands North Coast benefits from proximity to this investment catalyst and from the infrastructure improvements — including road upgrades and New Alamein City development — that the deal triggered. However, it is not within the formal Ras El Hekma development zone boundary. Buyers who assume the ADQ development infrastructure is immediately adjacent to Silversands should verify the specific relationship with ORA's sales team before committing.
What is accurate: Silversands sits approximately 25–30 minutes from Almaza Bay and Sidi Abd El Rahman, less than 30 minutes from New Alamein City, and is positioned along what is broadly regarded as one of the highest-value stretches of the Egyptian Mediterranean coastline.
ORA Developers — Who They Are
ORA Developers was founded in 2018 by Naguib Sawiris, the Egyptian telecommunications and investment billionaire and chairman of Orascom Investment Holdings. Despite being established in 2018, ORA has delivered a range of residential, commercial, and mixed-use projects in Egypt and internationally, including developments in London and Cyprus.
ORA's Egyptian portfolio includes ZED East (New Cairo), ZED Towers (Sheikh Zayed), and Solana North Coast — in addition to Silversands. The developer's international reach and its founder's global profile distinguish it from domestic-only Egyptian developers and are relevant to buyers evaluating brand credibility and delivery track record.
WATG — Wimberly Allison Tong & Goo — was retained as the Silversands masterplan architect. WATG is globally recognised for resort masterplanning, with a portfolio spanning the Maldives, Hawaii, and Gulf hospitality destinations. The involvement of a globally credentialed planner is a meaningful signal for a project marketed as a resort-grade living destination.
What the Project Delivers — Phases, Unit Types and Specs
Silversands spans 506 acres across multiple residential clusters. The four confirmed phases or sub-communities are: Pearl, Acclaro, Lima, and Silvertown. Each has distinct positioning within the masterplan.
Acclaro is a 22-acre phase containing 261 units across chalets, standalone villas, townhouses, and condos, with an 8,000 sqm lagoon and an exclusive clubhouse. It has generated strong buyer interest since launch.
Silvertown is the community cluster within Silversands designed around a Mediterranean and European architectural aesthetic, with standalone villas, twin houses, townhouses, chalets, and condos — all fully finished with air conditioning.
Unit types across the full development: chalets, condos, townhouses, twin villas, and standalone villas, from approximately 68 square metres to over 400 square metres. All units are delivered fully finished with air conditioning as standard — a meaningful specification in a market where semi-finished delivery is common.
The 1-kilometre private beach and 80,000+ square metres of lagoons are confirmed features of the overall masterplan. The development also includes four clubhouses, two hotels, and a 10,000+ sqm retail promenade, creating a self-contained resort community.
Payment Structure
The confirmed payment structure for Silversands North Coast is: 10% down payment at booking, 5% after three months from the contract, and the remaining balance paid in installments over six years. An eight-year installment option is also available under a different plan (15% initial down payment).
The Metropolitan listing references a "10/90" plan with a 6-year post-handover period — this structure, where only 10% is paid before handover and 90% over six years after, represents a significant leverage tool for investors. The specific plan applicable to the phase being marketed should be confirmed directly with ORA's sales team, as payment plan structures vary by phase and unit type.
The starting price of AED 1.13 million in current listings corresponds to the entry-level chalet configurations. Townhouses start from significantly higher price points — equivalent to approximately AED 3.2 million and above depending on EGP conversion at the time of contract. Villas range from AED 3.8 million to over AED 7 million at current approximate conversion rates.
What UAE Investors Must Understand — The Legal and Financial Framework
This section covers information that is absent from every UAE-facing listing for Silversands and every comparable Egypt North Coast project marketed to Gulf buyers. Oplus provides it because these are material facts for any buyer's decision.
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Contact us via WhatsAppEgyptian foreign ownership law. Under Law 230/1996 (as applied in Egypt), foreign nationals — including UAE nationals and UAE residents — may own up to two property units in Egypt. There are additional considerations for properties in coastal and border areas, which may require specific governmental approvals for foreign ownership. Oplus strongly recommends UAE buyers obtain formal legal advice from a licensed Egyptian property lawyer before contracting, and verify that the specific unit type and location within Silversands is available for non-Egyptian ownership without restrictions. This is not legal advice; Oplus is a UAE-licensed brokerage, not a law firm. Egyptian property law should be verified with qualified local legal counsel.
EGP contract currency and devaluation risk. Egyptian properties are contracted in Egyptian Pounds (EGP). The AED prices shown in listings are conversions for UAE buyer convenience — the contract currency is EGP. The Egyptian pound has undergone significant devaluations between 2022 and 2024, moving from approximately EGP 15 per USD to over EGP 47 per USD at peak. While the EGP has stabilised somewhat following the March 2024 IMF-backed monetary policy changes, buyers should understand that the AED/EGP rate at the time of each installment payment may differ from the rate at contract signing. Buyers making installment payments from AED-denominated income should plan for currency conversion costs and potential rate movements over the 6–8 year payment period.
Fund repatriation. The ability to repatriate sale proceeds from Egypt to the UAE is subject to Egyptian foreign currency regulations. Buyers intending to sell the property and return funds to the UAE should confirm current foreign exchange and capital repatriation rules with a licensed Egyptian financial or legal advisor before contracting.
Seasonal rental market reality. Several listings for Silversands and comparable Egypt North Coast projects cite annual rental yields in the range of 7–9%. Oplus cannot confirm this figure from any verified source. Egypt's North Coast property market is primarily a summer seasonal destination — peak rental demand is concentrated in July and August. Annual rental yields are not directly comparable to year-round Dubai residential yields. Buyers seeking consistent monthly rental income should assess the actual summer rental market in Sidi Heneish, factoring in management costs, vacancy periods from September through June, and Egyptian property management fees, before building a return model.
UAE Golden Visa eligibility. Silversands is an Egyptian property. It does not qualify for UAE investor visa programmes. UAE visa options are linked to UAE-based real estate investments only.
Who Silversands Suits — and Who Should Consider It Carefully
Well suited for: UAE-based Egyptians and Arabs who want a summer home on one of Egypt's most prestigious North Coast stretches, with resort-grade amenities and a developer of recognised international standing. UAE residents seeking Egypt exposure as a lifestyle asset rather than a primary investment vehicle. Buyers who understand the EGP currency dynamic and are comfortable with a long-term installment commitment denominated in a volatile currency. Investors positioned on the broader Ras El Hekma / North Coast appreciation story who want beach access at a price point below UAE beachfront alternatives.
Requires careful consideration for: Buyers who expect Dubai-equivalent liquidity, year-round rental income, or transparent secondary market resale data. Investors who need to repatriate funds easily and quickly. Buyers who have not yet verified foreign ownership eligibility for their specific nationality and the specific unit. Anyone building a return model around 7–9% annual rental yield without having stress-tested the seasonal rental market assumptions.
For buyers evaluating Silversands alongside UAE coastal alternatives, Oplus covers off-plan and ready beachfront properties across Dubai Islands, Emaar Beachfront, and Abu Dhabi's waterfront communities. Browse Oplus's UAE property portfolio for a comparison of lifestyle, legal, and investment structures across UAE and international markets.
Frequently Asked Questions
Silversands North Coast is located at kilometre 243 on the Alexandria–Marsa Matrouh Desert Road, in the Sidi Heneish area of Egypt's North Coast. It is near — but not within — the designated Ras El Hekma development zone associated with the 2024 UAE-ADQ investment agreement. New Alamein City is approximately 30 minutes away; Almaza Bay and Sidi Abd El Rahman are 25–30 minutes away.
ORA Developers, founded in 2018 by Naguib Sawiris, Egyptian billionaire and chairman of Orascom Investment Holdings. ORA has delivered projects in Egypt, London, and Cyprus. The Silversands masterplan was designed by WATG — Wimberly Allison Tong & Goo — one of the world's leading resort planning firms.
Under Egyptian Law 230/1996, foreign nationals may own up to two property units in Egypt. Coastal and border area properties may require additional governmental approvals. Oplus strongly recommends UAE buyers obtain legal advice from a licensed Egyptian property lawyer to confirm specific eligibility for the unit type and location before contracting.
Egyptian properties are contracted in Egyptian Pounds (EGP). The AED prices shown in UAE-facing listings are conversions for convenience. Buyers should be aware that the AED/EGP exchange rate may change between contract signing and each installment payment over the 6–8 year payment period, creating currency risk.
The confirmed base plan is 10% at booking, 5% three months after contract, and the balance over six years. An 8-year plan with 15% initial down payment is also available. A post-handover plan (10% before handover, 90% over 6 years after) is referenced for some phases. Confirm the specific plan applicable to the unit and phase with ORA's sales team directly.
Oplus cannot confirm this figure from any verified source. Egypt's North Coast is a seasonal vacation market with peak rental demand in July and August. Annual yield projections should account for the actual summer-only rental window, management and maintenance fees during off-season vacancy, and currency conversion costs. Buyers should stress-test the return model with seasonal rental data from Sidi Heneish specifically before making yield-dependent investment decisions.
No. UAE investor visas and the UAE Golden Visa programme are linked to UAE-based property investments only. Silversands is an Egyptian property and does not confer any UAE residency benefit.
The combination of ORA's international developer profile (Naguib Sawiris), WATG masterplanning, 506 acres of scale, fully finished delivery with AC, over 1km of private beach, and 80,000+ sqm of lagoons positions it in the premium tier of Egyptian North Coast developments. Its Sidi Heneish location places it on the higher-value stretch of the coastal road, adjacent to established luxury resorts including Almaza Bay.
Written by: Oplus International Realty Editorial Team
About Oplus: Licensed UAE real estate brokerage based in Abu Dhabi, covering Abu Dhabi and Dubai off-plan, secondary market, and investment properties. RERA registered. oplusrealty.com
Last reviewed: April 24, 2026
Legal disclaimer: This article contains general information about Egyptian property ownership regulations based on publicly available sources. It does not constitute legal advice. UAE-based buyers should engage a licensed Egyptian property lawyer to verify current regulations before contracting. Property regulations change; confirm applicable rules with qualified local counsel.
Investment disclaimer: This article is for informational purposes only and does not constitute financial or investment advice.
Sources Nawy.com (Egypt's leading property platform) — Silversands masterplan details, WATG architect confirmation, Acclaro phase data Elbayt.com — Egyptian property data, ORA portfolio, phase details Aqarland.net — ORA payment plan structures, villa/townhouse pricing in EGP Egyptian Law 230/1996 — foreign property ownership framework (publicly available) ADQ / UAE Ministry of Foreign Affairs — UAE-Egypt Ras El Hekma investment agreement, February 2024