The Waterway North Coast

The Waterway North Coast: the loft has the cheapest metre and the earliest handover

The Waterway North Coast is a village by The Waterway Developments on 124 feddans at kilometre 173 of the Alexandria–Matrouh road in Al Dabaa, with buildings on only 17% of the land. The cheapest unit is a one-bedroom chalet from 85 m² at EGP 15,606,000, every unit needs 10% down, and all are recorded as fully finished.

The offer is split across two phases: the first handed over in September 2027 over 7 years, the second in August 2029 over 8 years. One type wins on every count: the Phase One loft, with the cheapest metre and the earliest handover. Let us look at the figures.

Who is The Waterway for?

Someone who wants to holiday in about a year

Phase One units are handed over in September 2027, in time for summer 2028.

A couple or a small family

A two-bedroom loft from 105 m² at 17 million, or a one-bedroom chalet from 85 m² at 15.6 million.

A family wanting a house by the sea

A 275 m² three-bedroom townhouse at 47.45 million, the cheapest metre among the houses.

A very large family

A 490 m² five-bedroom villa at 93.27 million.

The loft: the best value in the village

• Two-bedroom loft in Phase One: from 105 m² at 17,059,000, about 162,500 per m², handed over in about a year.
• One-bedroom chalet in Phase Two: from 85 m² at 15,606,000, about 183,600 per m², handed over August 2029.
• Two-bedroom chalet in Phase Two: 140 m² at 25,466,000, about 181,900 per m².

The loft is only 1.45 million dearer than the one-bedroom chalet, has an extra room and 20 m² more, and is handed over two years earlier. Against the two-bedroom chalet, the loft is about 8.4 million cheaper. So if two bedrooms are enough, the loft is the clearest deal in the village.

Two- or three-bedroom duplex?

Phase Two has a 145 m² two-bedroom duplex at 27,189,000, and a three-bedroom duplex of the same size at exactly the same price. So the three-bedroom gives you an extra room for nothing. There is no reason to take the two-bedroom, unless its internal layout is roomier in a way that matters to you.

Three-bedroom chalet: Phase One or Two?

• Phase One: from 180 m² at 35,136,000, with the rest of Phase One, over 7 years.
• Phase Two: 175 m² from 32,130,000, handed over 2029, over 8 years.

About 3 million more gets you 5 m² extra and two years' earlier holidays. Against the 145 m² three-bedroom duplex at 27.2 million, the Phase Two chalet is 30 m² larger for about 4.9 million more. So choose by the size and timing that suit you.

Houses: the townhouse is better value

• Three-bedroom townhouse: 275 m² at 47,453,000, about 172,600 per m².
• Three-bedroom twin house: 320 m² at 60,928,000, about 190,400 per m².
• Five-bedroom villa: 490 m² at 93,269,000, about 190,300 per m².

The townhouse has the cheapest metre among the houses. Against the Phase One three-bedroom chalet, the townhouse is 95 m² larger for about 12.3 million more, about 129,000 per extra metre, below the village's average. So if you want a house, the townhouse is the wiser sum. All the houses are in Phase One, so they are handed over in about a year.

Phase One or Phase Two?

The two phases differ in 3 ways:

• Handover: Phase One in about a year, Phase Two in about three years.
• Term: Phase One 7 years, Phase Two 8, so its monthly instalment is a little lighter.
• Types: Phase One has the loft, the houses and a three-bedroom chalet; Phase Two has the small chalets and the duplexes.

If you want to holiday soon, Phase One. If you are after the lowest monthly instalment and the smallest unit, Phase Two.

What income does the instalment suit?

10% down on every unit. If the instalment is to stay under a third of household income:

• One-bedroom chalet: an instalment of about 146,300 over 8 years, so an income of around 439,000.
• The loft: EGP 1,705,900 down and an instalment of about 182,800 over 7 years, so an income of around 548,000.
• The duplex: an instalment of about 254,900, so an income of around 765,000.
• The townhouse: EGP 4,745,300 down and an instalment of about 508,400, so an income of around 1.53 million.

These are approximate and before any increases; the details are under payment plans.

The Waterway against its neighbours

• Chalets: The Waterway from about 181,900, D.O.S.E, half a kilometre away, about 162,200, La Vista Bay East about 132,000, Perla about 131,400 and Seazen about 120,200.
• Townhouses: The Waterway about 172,600, D.O.S.E about 190,200 and Seazen about 187,700.
• Villas: The Waterway about 190,300, D.O.S.E about 213,000 and D-Bay about 223,200.

The chalets here are dearer than all their neighbours, but the townhouse and villa are cheaper than D.O.S.E, Seazen and D-Bay. So if you are buying a house in Al Dabaa, The Waterway has one of the best prices. If you are buying a chalet, the neighbours are cheaper, except for the loft.

A 540 m beach: what difference does it make?

The village covers 124 feddans and its beach is about 540 m long. That makes the beach relatively short for the village's size, so ask about the distance from your unit to the beach, and about the pools and water features inside the village that make up for it. Buildings take only 17% of the land, so there is plenty of open space even if not all of it is on the sea.

Fully finished: a real advantage

Every unit in the village is recorded as fully finished, in both phases. That means after handover you only need furniture, not months of finishing and contractors. On the North Coast this matters, because any finishing delay costs you a whole summer. So when comparing the price per metre here with a village delivering semi-finished, add the finishing cost to the other village first.

Letting in Al Dabaa

North Coast rental is seasonal but well priced in summer. The loft and small chalet are easiest to let because they cost less and are in wider demand. The units are recorded as finished, so they only need furniture. Work out the return on the season's actual weeks, and subtract the annual maintenance.

The location: Al Dabaa

The village is at kilometre 173 in Al Dabaa, reached by the Fouka road, the International Coastal Road, the Dabaa road or the Alamein road, with New Alamein, Alamein Airport and Sidi Abdel Rahman within reach. See it under location, or browse the other villages on the Al Dabaa page.

Who is The Waterway?

The Waterway Developments has projects in New Cairo, Zayed and on the coast, including The Waterway New Cairo and Waterway West in Zayed.

Things to know before you book

• Ask which phase each unit is in, because the handover date and term differ.
• Ask about the distance to the beach and the unit's row.
• Ask about the annual maintenance charges, because they are paid even if the unit is locked the rest of the year.
• Make sure the handover date is in the contract.
• Read the pros and cons and the amenities above.

Your next step

Compare the loft with the chalets under available units, and turn to the FAQs for any question.

If you want to know what is available today and where each unit sits relative to the sea, message Masharf on WhatsApp from the button on this page, and we will send you a written offer with the deposit, instalment and handover date.