Alabbar's actions trigger Marassi dispute
The article discusses the escalating crisis in the village of Marassi on Egypt's North Coast between unit owners and the project's management affiliated with Emaar Misr, owned by Emirati businessman Mohamed Alabbar. The crisis involves the imposition of a USD entry fee of approximately $3,000 per month, with only three visits allowed per month, prompting owners to pursue legal action and file lawsuits, arguing that this violates Egyptian currency regulations and the Egyptian Constitution, which guarantees citizens the right to enjoy public beaches. The crisis also concerns restrictions on guest and visitor access, with owners demanding compensation reaching up to 100 million Egyptian pounds due to limitations on their rights to access their units and the beaches. The management claims these measures are necessary to maintain security and privacy. This issue has generated wide controversy over ownership of the sea and citizens' rights, leading to calls for government intervention to establish clear legal regulations that balance the rights of investors and citizens.
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