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Taba Steps Resort — 5-Star Resort on the Red Sea
A whole-asset opportunity: acquire the entire Taba Steps Resort in South Sinai, Egypt at an asking price of EUR 11M. A 5-star beachfront project of 240 rooms, 20 villas, a casino and a 150-yacht marina on roughly 213,000 m², directly on the sea with international road access.
Launch Price
45.34m
Handover
In progress
Project Overview
Taba Steps Resort is a 5-star beachfront development on the Gulf of Aqaba in Taba, South Sinai, Egypt, offered for sale as a single asset at an asking price of EUR 11M. The project spans roughly 213,000 m² and comprises a 240-room hotel, 20 villas, a casino approved in principle by the Ministry of Tourism, a private beach reached by bridge, a marina for about 150 yachts, restaurants and cafes, a shopping arcade, conference and business facilities, spa and fitness, pools and underground parking. It sits directly on the sea with immediate access to the international road, 30 km from Taba International Airport. A January 2020 feasibility study modelled about US$20.5M of total investment and indicated a 24% IRR and ~4.5-year payback; these are historical projections, not a current valuation, and the asset's physical, legal and financial status should be confirmed through due diligence.
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DeveloperOn Request
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Area from
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HandoverIn progress
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Payment PlanOn Request
Gallery
Taba Steps Resort
Key points
Private Beach & 150-Yacht Marina
Taba Steps Resort includes a private beach reached by a dedicated bridge and a marina with capacity for about 150 yachts on the Gulf of Aqaba. The brochure describes a planned underwater restaurant within the marina complex as a signature feature, alongside direct Red Sea access known for its coral reefs — positioning the waterfront and marina as central to the project's leisure proposition.
5-Star Resort with Approved Casino
The resort is planned around full 5-star facilities: 240 rooms and 20 villas, 3 restaurants and 3 cafes, a shopping arcade, business and conference centre, spa, beauty and fitness, swimming pools and Jacuzzi, a night club and three private underground car parks. The Ministry of Tourism has approved the application for a casino, subject to 5-star status and complete legal documentation — a rare feature in the region, to be confirmed as part of due diligence.
Amenities
These are just a few of the amenities available in this residence. To receive the full list of features and detailed information, please contact our agent — we will tailor the best option for your needs.
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Private Beach
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Private Marina For Yachts
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Spa
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Private Pools
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Restaurants
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Shops
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Business Centre
Amenities
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Private Beach
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Private Marina For Yachts
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Spa
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Private Pools
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Restaurants
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Shops
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Business Centre
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Metropolitan Premium Properties
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FAQ
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What is Taba Steps Resort?
Taba Steps Resort is a 5-star beachfront resort in Taba, South Sinai, Egypt, offered for sale as a single whole asset at an asking price of EUR 11M. It comprises a 240-room hotel, 20 villas, a casino, restaurants and cafes, a private beach and a marina for about 150 yachts, on a plot of roughly 213,000 m2.
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Where is Taba Steps Resort located?
The resort is on the Gulf of Aqaba (Red Sea) in Taba, South Sinai, with direct sea frontage and immediate access to the international road. It is 30 km from Taba International Airport, 200 km from Sharm El-Sheikh, 15 km from the port of Eilat (Israel), and about 30 km from the port of Aqaba (Jordan) and from Saudi Arabia.
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What does the project include?
Per the brochure specifications: 5-star rating, a 240-room hotel, 20 villas, 3 restaurants, 3 cafes, a casino, a private beach, a 150-yacht marina, a shopping mall, a business centre, conference facilities, a beauty centre and fitness, a spa, swimming pools and Jacuzzi, a night club and 3 private underground car parks. A note on figures: the brochure lists 20 villas and 240 rooms, while other supplied documents mention 30 villas and a room split of 108 + 70; these should be confirmed on inspection.
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What is the asking price?
The asking price is EUR 11M for the whole asset. For context, that is about 54% of the US$20.5M total investment contemplated in the January 2020 feasibility study. This is a simple cross-currency comparison, not a valuation conclusion.
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What returns did the feasibility study project?
The January 2020 study projected an IRR of about 24%, a payback of approximately 4.5 years, 10-year net profit of about US$31.4M and total cash inflows of about US$68.8M, with operations from 2022. In a downside case of a 30% cut to net profit, it still modelled ~19% IRR and ~5.6-year payback. Important: these are historical projections based on owner-supplied information that the study did not independently verify. They are not a current valuation and are subject to due diligence.
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What is the current status of the project?
The available materials are based on a January 2020 feasibility study, and the brochure shows existing structures on site. The current completion status, remaining construction and fit-out, and the capital expenditure needed to finish and open the resort are not confirmed here and should be verified by the buyer through inspection and due diligence.
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Is there a casino licence?
According to the brochure, the Ministry of Tourism approved the application for a casino at the resort, provided it is a 5-star hotel and holds all legal documentation required for gaming in the Sinai Peninsula. The current status of this approval should be confirmed as part of due diligence.
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Can foreign investors buy property in Egypt / Sinai?
Egypt permits foreign investment in tourism assets, but the Sinai Peninsula is subject to specific land-ownership and security rules that commonly require structures such as long-term usufruct/lease or ownership through an Egyptian company rather than direct freehold. The exact ownership structure and title must be confirmed with qualified Egyptian legal counsel before any transaction.
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What due diligence is recommended?
A buyer should independently verify: legal title, land rights and planning/development status; physical condition and completion status; remaining construction, fit-out and capital expenditure; current operating, tourism and market conditions in Taba; hotel/resort management arrangements; achievable room rates, occupancy and ancillary revenues; and all licences, permits, concessions and marina/beach rights. The 2020 feasibility study should be treated as supporting context, not as a current valuation.
About Metropolitan Premium Properties
Metropolitan Premium Properties is a RERA-licensed real estate brokerage in Dubai (ORN 11899), part of the Metropolitan Group established in 2008. The agency has 1,000+ professionals across offices in Dubai, Abu Dhabi, Ras Al Khaimah, and Vienna, and covers residential and commercial sales, off-plan investments, rentals, and property management. The company has closed 6,000+ transactions totalling over AED 15 billion in investments and holds 120+ industry awards.
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18+
years of experience
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7000+
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120+
industry awards
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500+
agents across all offices
Our Achievements
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One Broker Group 2024
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Alhamra Top Broker of the Year 2023
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TAG Top Partner 2023
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DAMAC Broker Awards 2023
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IRTH Broker Awards Q3 2024
What Clients Say About Us
Clement Yuyun
October 1, 2026
Metropolitan staff Desire Epangue showed exceptional attention and high quality services in a consistent and proactive manner
Vichy Ebelle
September 28, 2026
Two months ago, I contacted the Metropolitan Premium Properties group through one of their real estate investment experts, Desire Epangue, regarding the acquisition of a studio apartment in GVC. It wasn't just the project itself, with its favorable tax treatment, that impressed me; it...
Karan Prasad
September 27, 2026
Mahnaz Enayati was very helpful with market information and advice
Zeyna Aswad
September 10, 2026
Every thing was very smooth
Muhammad Dawood Ahmed is a trust worthy agent. The company helped with things that are not directly related to the sale. They really went above and beyond.
I highly recommend them
mina arabi
September 5, 2026
Our experience purchasing a property in Dubai through Metropolitan was not always easy, and we faced quite a few challenges along the way. What made a real difference for us was having **Mahnaz Enayati** by our side throughout the entire process.
Mahnaz was always available, followed...
Danna Gancear
September 4, 2026
I had a great experience with Mahnaz Enayati, she is a great professional, very knowledgeable and always offers great market insights. I’d highly recommend her at Metropolitan.
Ehsan Haghshenas
September 4, 2026
We are very happy with our listing, Mahnaz is very good agent.
vigil vijayan
August 29, 2026
I sold my unit in Falcon Island through Raghu from Metropolitan. He was extremely professional, responsive, and handled the entire process smoothly from start to finish. Very happy with his service and would highly recommend Raghu!
sandhya ragoowansi
August 28, 2026
Mr Raghu Nair is an extremely professional person. The company is lucky to have him. He is a great asset. He is persistent with his dealings and has always given an exceptional service. He takes full responsibility in taking care of the client. He made us so comfortable and confident ...
M H
August 17, 2026
It was a great experience.... they're very helpful in mostly every project that we worked on.
The team they created has a great knowledge of many issues and challenges in Dubai.
Anvi Kamdar
July 30, 2026
I had a great experience working with Mr Raghu throughout the apartment search. He was professional, transparent and responsive at every stage of the process. He patiently answered all my questions, coordinated everything efficiently and make the entire renting experience stress free....
Sudheer Sulaiman
July 30, 2026
I had an excellent experience working with Raghu during my search for a property in Dubai.
From the very beginning, he was professional, friendly, and a pleasure to work with. He even came to my hotel to pick me up and spent considerable time taking me to visit a number of different ...
Ina Stas
July 19, 2026
I had a really great experience with the purchase of two apartments as well as renting out especially with Maria Fuset who is extremely helpful and very communicative!!
Golden Safety
July 17, 2026
It is indeed very good
Elif Dogan
July 17, 2026
We cannot recommend Vian highly enough! From the very beginning, she went above and beyond to make our dream of finding the perfect home a reality. Thanks to her dedication, we found our ideal home in Arabian Ranches.
What truly sets Vian apart is that her support didn't stop once we...
Taba Steps Resort
Move-in ready by In progress
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Consultation
Jamie Lane
Real Estate agent
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Floor plans
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Presentation
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All features, floor plans, renders, and specifications — in one complete brochure
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