Grounds Developments is an Egyptian real estate development and investment company founded by Youssef Fekry and operating under the leadership of industrialist Ali Fekry, according to published reporting. Its proposition focuses on integrated residential communities designed for permanent living and investment, with emphasis on open space and sustainable planning.
The reviewed material do not state an official establishment year for the company. They do, however, document its entry into Egypt’s Red Sea market through the Tamaraya project in South Hurghada in 2026.
Grounds Developments Projects
Tamaraya Hurghada
Tamaraya is Grounds’ first announced coastal project in the Red Sea region. It is located in South Hurghada, minutes from Hurghada International Airport and close to Senzo Mall and Senzo Club, with access to surrounding destinations such as El Gouna, Sahl Hasheesh, Makadi Bay and Soma Bay.
According to Daily News Egypt, the project spans approximately 60,000 square metres and is planned as a low-density residential development for primary residences, tourism-related stays and investment properties. Published reporting states that green and open spaces are expected to exceed the built-up footprint.
Studio Five Partnership
Grounds appointed Studio Five as architectural and master planning consultant for Tamaraya. Reported design priorities include walkability, landscaped areas, natural ventilation and building orientation suited to the Red Sea setting.
Coastal Living Approach
The company presents Tamaraya as a year-round living destination rather than only a seasonal resort. This can be relevant for buyers comparing coastal homes or investment units, while facilities, operation, handover and recurring costs must be confirmed in official project documentation.
Before Purchasing at Tamaraya
- Review land documentation, licences and approved project plans.
- Confirm unit specifications, finishing, handover and operating services.
- Compare pricing, payment arrangements and maintenance costs with South Hurghada alternatives.
- Obtain legal review of the contract before reservation or instalment payments.
Frequently Asked Questions
Who founded Grounds Developments?
Published reporting states that Youssef Fekry is founder and CEO, with the company led by Ali Fekry.
What is Grounds’ first Red Sea project?
Tamaraya in South Hurghada is its first announced coastal project in the Red Sea region.
How large is Tamaraya?
Published reports identify an approximate project area of 60,000 square metres.