Orascom Development has introduced its latest El Gouna waterfront projects—Fanadir Shores and North Bay—to investors in the UAE, showcasing the Red Sea lifestyle at an exclusive Dubai event. The presentation, held ahead of the 4th Annual Private Wealth Middle East Forum, positioned El Gouna as a proven model of sustainable destination development with more than 35 years of success.
Fanadir Shores: Exclusive seafront living
Nestled next to the boutique La Maison Bleu Hotel and Fanadir Marina, Fanadir Shores redefines privacy and elegance. The project features seven low-rise buildings with two- to four-bedroom homes averaging 220 sqm. Each residence offers direct water access, private jetties, and panoramic lagoon views. Delivery is expected within two years, with the design emphasizing sustainable luxury while preserving El Gouna’s community ethos.
North Bay: Marina-inspired lifestyle
North Bay introduces a vibrant neighbourhood of standalone villas, lofts, and penthouses equipped with private boat docks and open-sea access. The development also includes The Pavilion, a cultural and community hub designed by world-renowned architect Victor Legorreta. With its blend of modern sophistication and functional design, North Bay caters to buyers seeking both lifestyle and investment value.
Investment and community appeal
During the Dubai launch, guests experienced El Gouna virtually through an immersive VR installation, highlighting the destination’s infrastructure, international schools, healthcare facilities, and four marinas. CEO Mohamed Amer emphasized that El Gouna’s model combines financial returns with lifestyle fulfillment, making it a unique proposition for global investors.
Home to residents from over 50 nationalities, El Gouna offers a USD-denominated investment framework, hassle-free property management via El Gouna Plus, and year-round cultural programming, including the prestigious El Gouna Film Festival.
With Fanadir Shores and North Bay, Orascom continues to strengthen its reputation as a leader in luxury waterfront real estate, inviting investors and lifestyle seekers to become part of the Red Sea’s most visionary community.
