Orascom Launches Marina Island by Tuban — El Gouna’s Most Exclusive Waterfront Development
Orascom Launches Marina Island by Tuban — El Gouna’s Most Exclusive Waterfront Development
Orascom Development Egypt has officially launched Marina Island by Tuban, a landmark waterfront enclave in the heart of El Gouna’s central district. Positioned as the most premium island development within the year-round Red Sea resort town, the project introduces an integrated luxury lifestyle destination featuring a fully operational marina, curated retail and dining, and architecture inspired by El Gouna’s celebrated design legacy.
Project Overview
Strategically situated in the Tuban district — El Gouna’s rapidly evolving central hub — Marina Island offers secluded island living with direct, open-to-sea lagoon access while maintaining immediate connectivity to Tuban’s commercial and entertainment centre. The development spans a fully integrated waterfront community designed for both residential living and marine leisure.
Key Features & Amenities
- Fully Operational Marina — State-of-the-art yacht facility for boating and water sports enthusiasts
- Curated Retail & Dining — Upscale boutiques and premium waterfront restaurants
- World-Class Architecture — Design legacy drawing on architects including Michael Graves, Alfredo Freda, and Shehab Mazhar
- Orascom Property Management (OPM) — Professional rental and property management services
- El Gouna Plus — Tailored interior design and bespoke furniture sourcing
Investment Highlights
| Metric | Value |
|---|---|
| Projected ROI | Up to 20% over two years |
| Estimated Rental Yield | 6% – 8% annually |
| Location | Tuban district, central El Gouna |
| Developer | Orascom Development Egypt |
| Previous phases | Nuba El Gouna, Fanadir Shores, North Bay |
CEO Statement
“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.”
— Mohamed Amer, CEO of El Gouna and Managing Director at Orascom Development Egypt
What This Means for Investors
- El Gouna’s premium positioning strengthens. With El Gouna already commanding the highest property prices on the Red Sea (€100,000–€1,500,000+), Marina Island adds an ultra-premium tier that will lift the entire market.
- Orascom’s track record de-risks the investment. Orascom Development has delivered consistently across Nuba, Fanadir Shores, and North Bay — Marina Island benefits from 36 years of master-planning expertise and established infrastructure.
- Managed rental model optimises yields. With OPM handling property management and El Gouna Plus managing interiors, owners can achieve passive income without being on-site — a key advantage for international buyers.
- Waterfront scarcity drives long-term appreciation. Direct lagoon-front plots within a gated island in El Gouna are an extremely limited asset class — supply constraints support capital growth.
El Gouna — Market Context
El Gouna remains the Red Sea’s most established premium market, attracting high-net-worth buyers from Europe, the Gulf, and Russia. The town’s self-contained infrastructure — international schools, hospital, golf course, marina, and 50+ restaurants — supports year-round residency and strong rental demand. Current property prices range from €100,000 for apartments to over €1,500,000 for luxury villas, with rental yields of 6–12% depending on location and management quality.
Marina Island enters a market that has seen consistent demand growth, driven by El Gouna’s global brand recognition and Egypt’s improving investment climate. The project’s projected 20% ROI over two years positions it as one of the most compelling new launch opportunities on the Red Sea in 2026.
Frequently Asked Questions
What is the minimum investment for Marina Island?
Exact pricing for Marina Island units has not been publicly released by Orascom. Based on El Gouna’s current market and comparable premium launches, entry-level units are expected from approximately €250,000–€400,000. Contact MAMO Property for the latest pricing updates.
Can foreigners buy in Marina Island?
Yes. Foreigners can purchase properties in El Gouna through the standard Egyptian property ownership framework. The development is specifically positioned for international buyers and high-net-worth global homeowners.
What rental yields can I expect?
Orascom estimates rental yields of 6–8% annually. With professional management through OPM, well-positioned units may achieve higher returns during peak seasons.
When is the project expected to complete?
Construction timeline has not been formally announced. Previous El Gouna phases suggest a 2–3 year delivery cycle from launch.
Get Expert Guidance on El Gouna Real Estate
MAMO Property is your trusted partner for Red Sea real estate investment. With 16+ years of experience in the Hurghada and El Gouna property markets, we provide personalised guidance on premium opportunities including Marina Island by Tuban.
Contact MAMO Property today:
📱 WhatsApp: +20 115 298 0998
🌐 mamoproperty.com
Sources: Orascom Development Egypt, INTLBM (May 26, 2026), El Gouna official announcements.
Co-founder of MAMO Property, real estate specialist in Hurghada with 16+ years experience in Egyptian property market.
