Orascom Development Launches Marina Island by Tuban — El Gouna’s New Marina-Led Luxury Island District
Orascom Development Egypt has officially launched Marina Island by Tuban, 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 — bringing together luxury residences, a working marina, curated retail, and waterfront dining within a single island setting.
A New Waterfront Destination in El Gouna
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 centre of the Tuban district.
The project distinguishes itself through a curated ecosystem of premium amenities:
- Fully Operational Marina: A state-of-the-art waterfront facility catering to yachting and marine enthusiasts, adding to El Gouna’s existing marina network that includes Abu Tig Marina, Fanadir Marina, and Abydos Marina.
- Luxury Residences: Marina apartments and townhomes designed with contemporary architecture that honours El Gouna’s 36-year design legacy of collaborating with world-renowned architects including Michael Graves, Alfredo Freda, and Shehab Mazhar.
- Curated Retail & Dining: A sophisticated selection of upscale boutique retail spaces and premium dining venues opening directly onto marina and lagoon views.
- Open Lagoon Access: Direct access to the Red Sea via open-to-sea lagoons, creating a true island living experience.
Speaking at 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.”
Investment Potential & Financial Outlook
Marina Island follows the strong market reception of previous El Gouna launches including Nuba El Gouna, Fanadir Shores, and North Bay. For investors, the project presents compelling financial fundamentals:
- Projected ROI up to 20% over two years
- Estimated rental yields of 6–8% from short and long-term letting
- 5-year payment plan with 15% down payment
- Delivery Q1 2027 — aligning with Orascom’s track record of timely execution
- Managed by Orascom Property Management (OPM) for rental optimisation and El Gouna Plus for interior design and lifestyle services
Unit types range from 1-bedroom apartments (82 m²) to 4-bedroom villas (224 m²), with prices starting from approximately €250,000 for apartments in this premium marina-front district.
What This Means for Red Sea Investors
- El Gouna’s expansion continues at pace. After Nuba, SIBA El Gouna, and now Marina Island, Orascom is executing its most aggressive launch cycle in years. The additional 1.02 million m² annexed in January 2026 signals long-term commitment to the destination.
- Marina-anchored developments outperform. Properties with direct marina access consistently achieve premium pricing and higher occupancy rates than standard resort units.
- Managed rental services add investor confidence. OPM’s professional rental management removes the operational burden for international buyers while maximising yield.
- Tuban is becoming El Gouna’s new centre of gravity. With hotels, restaurants, retail, and now a full marina, the district is evolving from a residential zone into a fully integrated destination.
Your Next Step
Marina Island by Tuban represents a rare opportunity to own waterfront real estate in one of the Red Sea’s most prestigious addresses. Contact MAMO Property for exclusive previews, pricing, and investment analysis.
📱 WhatsApp: +20 115 298 0998
🌐 Website: mamoproperty.com
📍 El Gouna Showroom: Downtown El Gouna
Sources: Orascom Development Egypt press release, INTLBM, Scene Home, El Gouna official website (May 26, 2026).
📚 Further Reading:
- our complete El Gouna buyer’s guide
- our detailed Sahl Hasheesh area guide
- our rental yield comparison and ROI calculator
- our complete guide to foreign property ownership in Egypt
- our expat communities in Hurghada guide
- our installment plans and payment options guide
- our long-term rental market guide for landlords
Co-founder of MAMO Property, real estate specialist in Hurghada with 16+ years experience in Egyptian property market.
