El Gouna: The Art Of Coastal Living
El Gouna continues to elevate coastal living with the launch of Fanadir Shores and North Bay
El Gouna continues to set the benchmark for coastal living at its best. With the launch of its latest projects, Fanadir Shores and North Bay, the town offers investors and homeowners rare access to exclusivity, exceptional investment potential, and a well-established lifestyle along Egypt’s shimmering Red Sea.
As El Gouna celebrates its 35th anniversary, the town reflects decades of investment and thoughtful placemaking. Developed by Orascom Development, a global leader in creating vibrant, integrated towns across Europe, the Middle East, and North Africa, El Gouna embodies modern coastal living with an understated style and a distinctive architectural identity rooted in its connection to the sea.
El Gouna’s growth continues with the recent launch of two new waterfront residential projects, Fanadir Shores and North Bay. For residents, investors, and admirers of the town’s distinctive lifestyle, these new developments provide exclusive luxury living by the Red Sea with residences that specifically cater to the evolving needs of discerning buyers. They highlight El Gouna’s ongoing commitment to innovation, quality, and sustainable planning, reinforcing its position as a premier destination for living, investment, and leisure.
A Town Born of Vision
El Gouna began as an inspired idea in 1989 and has since expanded to over 36 million square meters, with more than half of that area developed into well-planned districts and neighborhoods designed for living, working, leisure, and hospitality.
Mohamed Amer, CEO of El Gouna and Managing Director at Orascom Development Egypt, reflects: “Orascom Development’s longstanding track record and multinational portfolio reinforce our position as a trusted developer, continuously meeting evolving customer needs and global trends. Regional investors increasingly seek diversification with lifestyle value and strong returns. El Gouna offers a compelling blueprint for the future of destination investment. Our US Dollar-denominated investment scheme stands out as the only one in the market.”
Scale alone does not define the town; the people and amenities of El Gouna make it unique. Today, the town is home to over 25,000 residents from more than 50 nationalities, thriving on multicultural spirit. Its modern infrastructure includes 18 hotels, four marinas, two golf courses, international schools – including Swiss and British certifications, healthcare facilities, and a year-round calendar of cultural, sports, and community events.
The iconic El Gouna Conference and Cultural Center, designed by internationally acclaimed Studio Seilern Architects, has become a hub for events including the highly anticipated 8th edition of El Gouna Film Festival, that welcomes celebrities and film stars from around the world each autumn to celebrate the art of filmmaking.
Living the El Gouna Way
To live in El Gouna is to experience a harmonious balance between tranquility and vibrancy throughout the year. It’s morning walks along private lagoons, afternoons on sun-kissed beaches, evenings spent in fine dining restaurants, and weekends filled with art shows, yachting, or sporting events.
The town’s success is built on Orascom Development’s core philosophy of “life as it should be” – a mix of intentional planning, premium infrastructure, and community-first amenities. El Gouna has become a magnet for those seeking a place to live, work, and play without compromise. Residences range from spacious apartments to sprawling waterfront villas, and everything in between.
Investors are drawn to its reliable track record of quick delivery – typically under two years – and returns. In 2024 alone, El Gouna delivered 371 units and plans to hand over 410 in 2025. Real estate sales for the year reached USD 274 million (AED 1.01 billion), an 11.6% increase from the previous year, contributing to the Group’s total USD 905 million in sales, growth of 16.1%.
Mohamed Amer adds: “There’s been a surge of interest in integrated coastal living, and we’re pleased to see the GCC embracing the lifestyle concept we’ve defined over decades. El Gouna is a proven, award-winning town with more than 35 years of legacy and success, home to a thriving international community and a model for destination development. Our town offers a unique proposition where residents can truly have it all – a thriving career, a relaxed lifestyle by the Red Sea, and a strong sense of community.”
Fanadir Shores: Privacy Meets Prestige
If El Gouna is the embodiment of a premium lifestyle, Fanadir Shores is its most private expression yet. Designed as an extension of the highly successful Fanadir Marina, this new enclave offers a more serene, upscale, and exclusive experience.
The development consists of just seven exclusive buildings, each with magnificent views of the Red Sea or tranquil lagoon, featuring direct boat access to the Red Sea, with private jetties for boats. Ranging from spacious two- to four-bedroom apartments averaging 220 sqm, every home is designed for a life that blends elegance with comfort.
Its location is enviable – set on El Gouna’s most premium shoreline, nestled between the prestigious La Maison Bleue Boutique Hotel and Fanadir Marina. The delivery is scheduled within just two years, offering a rare opportunity to own a slice of one of the Red Sea’s most coveted addresses.
Limited availability and branded real estate appeal make it a secure, high-value addition to El Gouna’s diverse portfolio.
North Bay: Expansive Living, Iconic Design
North Bay speaks to lovers of space, scale, and architectural boldness. North Bay offers spacious standalone Villas, with prime locations on open-to-sea lagoons, with private boat docks.
North Bay, in addition to the newly launched phase, Highland featuring lofts, penthouses and Horizon Villas, are both designed by the internationally acclaimed architect Victor Legorreta, known for his bold, timeless forms.
Adding to its appeal, North Bay will unveil The Pavilion, a thoughtfully designed public space for year-round community events. This is another symbol of El Gouna’s belief that a strong community is the heart of any great neighborhood.
Why Invest in El Gouna?
From a lifestyle perspective, El Gouna offers something rare: a fully serviced, self-sustaining town with global connectivity and year-round appeal, a place to “live, stay, play and work”.
From an investment standpoint, it delivers steady property value appreciation, attractive rental yields, and a secure, USD-denominated environment. This approach is particularly appealing to regional and international buyers, who comprise 40 percent of El Gouna’s customer base. Properties are typically delivered within two years of purchase, reinforcing confidence in the development cycle.
The numbers speak for themselves – consistent sales growth, increasing international demand, and a resilient real estate market anchored in lifestyle value. Property owners also benefit from hassle-free property management and rental services through the acclaimed El Gouna Plus, ensuring peace of mind and effortless ownership. El Gouna’s tourists ensure a steady stream of short-term rental opportunities, while the expanding permanent community offers prospects for long-term rental income.
The Next Chapter
With Fanadir Shores and North Bay, El Gouna is shaping the next chapter of its journey. For those who cherish its unique charm, these developments are a natural evolution. For those yet to discover it, they offer an exclusive invitation to experience a place where every day embodies the true meaning of “life as it should be.”
As Mohamed Amer aptly puts it: “Fanadir Shores and North Bay bring a distinct blend of an exclusive coastal lifestyle, sustainability, and unique architecture to life by the Red Sea.”
In El Gouna, the Red Sea isn’t just a view; it’s part of who you are.
Fact Box:
El Gouna at a Glance
- Founded: 35+ years ago by Orascom Development
- Size: Nearly 36 million sqm
- Residents: Over 50 nationalities
- Marinas: 4 world-class marinas
- Iconic buildings: El Gouna Conference and Cultural Center
- Annual Events: El Gouna international Film Festival, Cultural festivals, sports tournaments, music events and more.
- Latest Projects: Fanadir Shores & North Bay
- 2024 Unit Deliveries: 371 (with 410 planned for 2025)
- Real Estate Sales 2024: USD 274M from El Gouna alone
- Investment Advantage: USD-denominated, sustainable design, proven appreciation
