Orascom Development Egypt has officially announced the launch of Marina Island by Tuban, positioned as the most premium island enclave within El Gouna’s highly sought-after central district. This landmark development introduces a fully integrated, waterfront lifestyle destination to the year-round Red Sea coastal town.
Strategically situated in the heart of Tuban, the project marks a significant milestone in El Gouna’s evolving master plan, blending high-end residential living with a fully functional marine infrastructure.
Marina Island by Tuban is meticulously designed to elevate traditional island living into a comprehensive lifestyle experience. The development seamlessly bridges the tranquility of a secluded island with direct, open-to-sea lagoon access while maintaining immediate connectivity to the vibrant commercial center of the district. The project distinguishes itself through a curated ecosystem of premium amenities, including:
- Fully Operational Marina: A state-of-the-art waterfront facility catering to yachting and marine enthusiasts.
- Curated Retail & Dining: A sophisticated selection of upscale boutique retail spaces and premium waterfront dining venues.
- Architectural Legacy: Design frameworks that honor El Gouna’s history of collaborating with legendary international and regional architects, including Michael Graves, Alfredo Freda, and Shehab Mazhar.
The launch builds upon a proven track record of successful residential expansions in El Gouna, following the strong market reception of previous developments such as Nuba El Gouna, Fanadir Shores, and North Bay. For institutional and private investors, the project presents a compelling financial proposition. Capitalizing on the region’s rapid growth, the development projects a strong investment value with a return on investment (ROI) reaching up to 20% over two years, complemented by high estimated rental yields ranging between 6% and 8%.
Commenting on the launch, Mohamed Amer, CEO of El Gouna and Managing Director at Orascom Development Egypt, said: ” El Gouna Red Sea was always built around water. That is not a feature of the town, it is its character. Over 36 years, El Gouna has set the standard for residential living on the Red Sea, and Marina Island is the fullest expression of that yet. This isn’t just a residential launch; it is a living, breathing waterfront district with a working marina, curated dining, and architecture that earns its place in the town’s design legacy. We have been deliberating about every layer of this project, and what excites me most is that Marina Island completes Tuban as a district while opening a new chapter for El Gouna entirely.”
To ensure long-term asset appreciation and a seamless residential experience, Orascom leverages its specialized twin entities, Orascom Property Management (OPM) and El Gouna Plus. OPM will oversee comprehensive rental and property management services, directly enabling homeowners to optimize rental returns and maintain sustainable asset value. Concurrently, El Gouna Plus will offer tailored interior design, bespoke furniture sourcing, and high-end lifestyle solutions. This corporate synergy ensures that Marina Island stands out as a premier choice for global homeowners and discerning investors seeking premium real estate in one of the Red Sea’s fastest-growing districts.
To know more about Egypt Real Estate boom and more insights on Real Estate Investment, visit the following links:
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