El Gouna, developed by Orascom Development, announces the launch of its latest premium development, Fanadir Shores. This new addition to El Gouna’s luxury portfolio underscores the town’s commitment to providing unparalleled waterfront living while enhancing its community atmosphere.
In line with El Gouna’s vision of being a fully integrated, year-round destination, Fanadir Shores is designed to elevate the town’s premium residential offerings and contribute to its dynamic lifestyle ecosystem. The development promises a seamless living experience that caters to the evolving needs of its growing community.
Located on El Gouna’s shoreline adjacent to Fanadir Marina, Fanadir Shores offers a fresh take on waterfront living. The development features seven buildings with spacious 2 to 4-bedroom apartments and introduces elevated design for added comfort and exclusivity.
With only 57 units averaging 220 sqm, the project provides direct sea access and a private lagoon for boats, bringing effortless marina living to life, with delivery expected within the next two years.
Reflecting on this new milestone, Mohamed Amer, CEO of El Gouna, commented, “The launch of Fanadir Shores marks another important step in reinforcing El Gouna’s position as a prime coastal destination by Egypt’s Red Sea. This project builds on our legacy, blending exceptional design with an exclusive lifestyle that continues to set El Gouna apart.”
He added, “As we celebrate 35 years of growth, we are focused on new neighborhoods that expand El Gouna’s market presence and provide exclusive living opportunities. Fanadir Shores caters to real estate buyers seeking prime seaside living, further solidifying El Gouna’s status as Egypt’s leading luxury coastal community.”
It is worth noting that El Gouna continues to lead as one of Egypt’s top sustainable tourism hubs, combining environmental responsibility with cutting-edge infrastructure. Known for its world-class sports tourism, particularly in water sports such as kite surfing, diving, and sailing, the town also boasts 18 renowned hotels.
In 2024, El Gouna recorded EGP 11.8 bn in real estate sales, marking a 63.8% increase from the previous year. The town delivered 371 units in 2024 and plans to deliver 410 units in 2025, with revenues reaching EGP 6.3 bn, up 25.6% year-over-year.