Orascom Development Launches Nuba in El Gouna — 3 Billion Sales Target Signals Strong Investor Confidence
Orascom Development Egypt has officially launched Nuba, its latest luxury residential project in El Gouna, featuring 97 premium units and targeting total sales of EGP 3 billion, as reported by Daily News Egypt on March 30, 2026.
A Strategic Addition to El Gouna
Spanning more than 30,000 square metres in a prime location within El Gouna, Nuba is designed to meet international sustainability standards — reflecting Orascom’s long-term vision for environmentally conscious luxury living. The company has committed to a two-year fast-track delivery timeline, underscoring its capacity for efficient execution in Egypt’s most established Red Sea destination.
Mohamed Amer, speaking at a roundtable discussion, confirmed that the project is already witnessing strong demand, with approximately 40% of sales coming from international clients — a clear indicator that El Gouna continues to attract serious global property investors.
What This Means for Hurghada Property Investors
Nuba’s launch carries several important signals for the broader Hurghada and Red Sea real estate market:
- El Gouna remains the gold standard. With revenues of approximately 20 billion last year and a growing trend of foreign residents extending their stays, El Gouna continues to outperform as Egypt’s premier integrated coastal town.
- International buyer confidence is accelerating. The 40% international client share at Nuba mirrors a wider trend — foreign buyers are increasingly viewing Red Sea property not just as holiday homes but as long-term lifestyle investments.
- Limited supply drives exclusivity. With only 97 units in a 30,000 sqm masterplan, Nuba is positioned as a low-density, high-value offering. Scarcity of this calibre in El Gouna supports strong price resilience.
- More launches planned for 2026. Orascom has confirmed additional projects are in the pipeline for El Gouna this year, signalling sustained developer confidence in the destination — a positive indicator for capital appreciation across existing properties.
El Gouna’s Investment Case in 2026
El Gouna continues to benefit from diversified international demand — spanning Europe and the United States — alongside foreign currency-based revenues that provide insulation against exchange rate fluctuations. The town’s integrated model of residential, hospitality, and city management creates a resilient ecosystem that protects property values even during periods of geopolitical uncertainty.
With hotel occupancy rates projected to reach 78% in 2026 (up from 75%) and the domestic market playing an increasingly important role in sustaining tourism demand, El Gouna offers one of the most balanced investment propositions on the Red Sea.
Explore El Gouna Properties with MAMO Property
Nuba joins a growing portfolio of premium developments in El Gouna. For investors seeking to capitalise on this market momentum, explore our curated listings:
- El Gouna Properties for Sale — Apartments, villas, and townhouses in Egypt’s premier Red Sea town
- El Gouna Area Guide 2026 — Complete breakdown of prices, ROI, and lifestyle
- Best Areas to Buy Property in Hurghada 2026 — Compare all top investment zones
Contact MAMO Property via WhatsApp for personalised investment advice and early access to new launch opportunities in El Gouna and across the Red Sea.
Source: Daily News Egypt — March 30, 2026
❓ Frequently Asked Questions
Is buying property in Hurghada a good investment in 2026?
Yes. Hurghada offers lower entry prices (€30,000–€150,000) than competing Mediterranean destinations, year-round tourism demand, and average rental yields of 7–10% net.
Can foreigners buy property in Hurghada?
Yes. Foreigners can own freehold property in Hurghada, Sahl Hasheesh, El Gouna, and Makadi Bay under Egyptian law. MAMO Property assists with the full legal process.
What is the minimum budget for an apartment in Hurghada?
Studios start from €30,000, one-bedroom apartments from €50,000, and two-bedroom apartments from €80,000, depending on the area and finishing level.
How does MAMO Property help international buyers?
MAMO Property offers direct partnerships with 20+ Red Sea developers, verified pricing, residency-by-investment support, and after-sale property management — all with no commission for buyers.
What areas around Hurghada are best for investment?
Sahl Hasheesh and El Gouna command premium positioning and higher appreciation; Sahl Hasheesh, Al Mamsha, and Intercontinental District offer strong short-term rental yields; Magawish and El Kawther deliver the best value for entry-level buyers.
🏖️ Talk to a Hurghada Property Expert
MAMO Property has direct partnerships with 20+ developers across the Red Sea coast. Get a personalised shortlist, verified pricing, and ROI projections for your budget — no commission, no obligation.
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📧 info@mamoproperty.com
Co-founder of MAMO Property, real estate specialist in Hurghada with 16+ years experience in Egyptian property market.
