On three-bedroom starting prices, Hacienda Ras El Hekma is the cheaper entry at EGP 18.4 million for 150 sqm, against EGP 21 million for 126 sqm at Silversands The Cove. That works out to roughly EGP 123,000 per sqm versus EGP 167,000 per sqm (as of August 2026).
The price gap is real, but it is not the whole decision. Hacienda is a beach-led project with 4.8 km of shoreline. Silversands The Cove is a lagoon-led one with 1.4 km. Choosing between Silversands vs Hacienda Ras El Hekma is a choice about which kind of water you want to live on.
Hacienda Ras El Hekma full price guide
What Is the Real Price Difference Between Silversands and Hacienda?
Comparing headline prices across two projects is misleading unless the unit sizes travel with them. Here is the like-for-like three-bedroom, using developer-sourced figures:
| Three-bedroom | Hacienda Ras El Hekma | Silversands, The Cove |
| Developer | Palm Hills with Miran Hills | Ora Developers |
| Product | Beach Homes condo, G+3.5 | Apartment, Type A2 |
| Size | 150 sqm | 126 sqm incl. 10 sqm terrace |
| Starting price | EGP 18.4M to 18.9M | EGP 21,000,000 |
| Price per sqm | ~EGP 123,000 to 126,000 | ~EGP 166,700 |
| Maintenance | Not stated in supplied material | EGP 1,575,000 (7.5%) |
| Finishing | Fully finished, ACs and kitchen cabinets | Not stated |
Prices are developer-sourced snapshots: Hacienda from a developer update dated 12 July 2026, Silversands from an official Ora payment schedule. Both move. Contact D5 Realty for current confirmed data before contracting.
Read plainly, Silversands asks roughly 35 percent more per square metre for a unit 24 sqm smaller. That premium has to be earned by something other than space.
How Much Beach Does Each Project Have?
This is where the money goes, and it is the single most useful number in the comparison:
| Metric | Hacienda Ras El Hekma | Silversands |
| Land area | Over 1,400 acres | 724 feddans |
| Mediterranean beachfront | 4.8 km | 1.4 km |
| Lagoons | Distributed across the project | 160,000 sqm |
| Green space and water | 86% of masterplan | Lagoon pockets and parks |
| Hotels | 3 international brands | 2 |
| KM marker | KM 238 | KM 243 |
Hacienda carries roughly three and a half times the beachfront on about double the land. Silversands answers with concentrated lagoon frontage, which is why The Cove is marketed as an inner enclave rather than a beach address. Ora’s own brochure describes The Cove as benefiting from “calmer internal positioning while remaining moments away from retail, leisure, and beachfront experiences.”
What Do You Get for the Money in Each Project?
Hacienda Ras El Hekma
Palm Hills’ first gated city-scale coastal destination, developed with UAE-headquartered Miran Hills. The masterplan devotes 86 percent to green space and water with a 14 percent built footprint. Amenities include The Core with a water park and community hubs, a Sports and Wellness District anchored by Palm Hills Sporting Club with tennis and padel, three international hotel brands and signature beach clubs. Villas run from The Duo at 320 sqm land through to the Shoreline Villa at 1,300 sqm land with approximately 1,145 to 1,150 sqm built-up area and seven master bedrooms.
Silversands, The Cove
Ora’s Sidi Heneish project sits at KM 243, 4 km from Almaza and 370 km from Cairo. The Cove is its lagoon quarter, built around 160,000 sqm of water with lagoon pockets, semi-private swimming zones, shaded pathways, neighbourhood parks and a clubhouse. Unit sizes run from 57 sqm one-bedrooms up to 170 sqm three-bedroom junior chalets, with penthouses carrying roof terraces of up to 93 sqm.
Which Payment Plan Is Better?
Both developers open with the same 5 percent down and 5 percent contract structure. They diverge on tenor:
| Terms | Hacienda Ras El Hekma | Silversands, The Cove |
| Down payment | 5% | 5% |
| Contract payment | 5% after 3 months | 5% after 3 months |
| Tenor | 10 years, or 8 years on the first four villa rows | 8 years, 30 quarterly installments |
| Installment size | Not stated | 3% of unit price per quarter |
| Delivery | 4 years from the July 2026 update | Not stated by the developer |
Hacienda’s ten-year plan on apartments is the longer runway and materially lowers the quarterly outlay. Silversands publishes a fully mapped schedule instead, running from May 2026 to February 2034, with the maintenance fee falling due in November 2029. That November 2029 date is conventionally tied to handover, though Ora does not state a delivery date in writing, so it should be confirmed rather than assumed.
Which One Should You Buy?
Buy Hacienda if the beach is the point. You get 4.8 km of Mediterranean shoreline, a larger unit for less money, a longer payment runway and a developer with 25 years and 8 North Coast projects behind it. The trade is a bigger, busier community.
Buy Silversands if you want the enclave. The Cove is quieter, lagoon-centred, closer to Almaza at 4 km, and priced at a premium for that calm. The trade is less beach and a higher rate per square metre.
The honest counterweight: neither is delivered. Both are off-plan purchases in a corridor where supply is expanding quickly and where entry prices already reflect much of the Ras El Hekma announcement effect. Phase selection and unit position inside each project will affect resale more than the choice of brand on the gate.
The D5 Realty View
We sell in both, and we hold the current price lists for each rather than working from portal estimates, which in this corridor are routinely one to two years out of date. Where we add value is at unit level: which row, which building, which view premium is worth paying and which is not. For clients weighing Silversands vs Hacienda Ras El Hekma, we run a side-by-side on price per square metre, distance to water and delivery risk before recommending an entry point.
Contact D5 Realty for the current confirmed price lists on both projects and an honest read on which fits your budget and timeline.
Silversands Ora prices and units guide
Final Word
Silversands vs Hacienda Ras El Hekma is not a question of which developer is better. It is a question of what you are buying water for. Hacienda sells 4.8 km of Mediterranean and a larger unit for less money per square metre. Silversands sells a quieter lagoon enclave and charges a premium for the calm.
Both are off-plan, both are backed by serious developers, and both sit within five kilometres of each other on the same stretch of coast. Contact D5 Realty for current confirmed pricing on either, and a straight answer on which phase is worth taking.
Hacienda Heneish vs Hacienda Ras El Hekma
Frequently Asked Questions
- Is Silversands or Hacienda Ras El Hekma cheaper?
Hacienda is cheaper on a like-for-like three-bedroom. Hacienda starts at EGP 18.4 million for 150 sqm, roughly EGP 123,000 per sqm. Silversands The Cove starts at EGP 21 million for 126 sqm, roughly EGP 166,700 per sqm (as of August 2026). Confirm current pricing before contracting.
- How much beachfront does each project have?
Hacienda Ras El Hekma has 4.8 km of Mediterranean beachfront across more than 1,400 acres. Silversands has 1.4 km across 724 feddans, plus a 160,000 sqm lagoon system. Hacienda therefore carries roughly three and a half times the shoreline of Silversands.
- Who are the developers behind each project?
Hacienda Ras El Hekma is developed by Palm Hills Developments in partnership with Miran Hills, a UAE-headquartered developer. Silversands is an Ora Developers project. Palm Hills states over 25 years of experience and 8 projects on the North Coast in its brochure.
- What are the payment plans at Silversands and Hacienda?
Both open with 5 percent down and 5 percent on contract after three months. Hacienda then runs 10 years, or 8 years on the first four villa rows. Silversands The Cove runs 8 years across 30 quarterly installments of 3 percent each, ending February 2034.
- Where exactly are Silversands and Hacienda Ras El Hekma?
Hacienda Ras El Hekma sits at KM 238 on the Alexandria to Marsa Matrouh coastal road. Silversands sits at KM 243, near Sidi Heneish and Silvertown. Ora lists Silversands as 4 km from Almaza, 130 km from Alamein and 370 km from Cairo.
