Orascom Launches SIBA El Gouna — A New Architectural Chapter on the Red Sea
El Gouna, Red Sea — June 22, 2026 — Orascom Development Egypt has unveiled SIBA El Gouna, a landmark residential development that brings together multiple world-renowned architecture studios for the first time in the town’s history. The launch marks a new architectural chapter for El Gouna, combining low-density waterfront living with distinctive design from four acclaimed international firms.
Multi-Architect Approach — A First for El Gouna
SIBA El Gouna is the first development in the resort town to commission multiple architecture studios to design within a single masterplan. The participating architects include:
- Unknown Works (London) — Garden House and sculptural, landscape-led architecture
- Block722 (Greece/Mediterranean) — contemporary Mediterranean residences
- Mesura (Spain) — hospitality and residential design
- OOAA (International) — emotion-driven, timeless forms
The masterplan was created by Burton Studio, balancing context, innovation, and long-term sustainability.
First Villa Prototypes
SIBA El Gouna introduces two initial villa prototypes that exemplify its design philosophy:
Triangle Villa — by Unknown Works. A 3-bedroom single-story villa featuring a central triangular open space that connects indoor and outdoor living. The design reflects the principle that a home does not need to fill every corner — leaving room creates privacy, light, and a sense of belonging.
Tandem Villa — by Block722. A twin-villa concept with two distinct residences positioned side by side. Each home is independent in privacy yet connected through shared design elements, interconnected spaces, shaded terraces, and a central atrium.
Location & Setting
SIBA El Gouna is situated on elevated terrain offering panoramic views of the lagoon, the 18-hole championship golf course, and partial sea views. The staggered masterplan layout ensures generous spacing between homes, enhanced privacy, and visual openness throughout the community. Smart bridges connect different parts of the development without crowding.
A Statement from Leadership
Commenting on the launch, Mohamed Amer, CEO of El Gouna Red Sea and Managing Director of Orascom Development Egypt, stated:
“SIBA El Gouna builds on everything that has shaped El Gouna since day one: closeness, low density, waterfront living and a sense of belonging, but does so in a way we have never done before. It is a community shaped by multiple distinct architectural voices, each bringing their own design philosophy to a single, unified address, while still leaving the same room to breathe that has always defined this town.”
What This Means for Investors
- Premium positioning: SIBA El Gouna targets the high end of El Gouna’s already upscale market, with distinctive architecture that commands premium pricing and strong resale value.
- Low density, high demand: El Gouna’s controlled development model means limited supply of new units — launches like SIBA attract strong buyer interest from international and Egyptian investors alike.
- Orascom track record: Egypt’s most reputable developer backs this project, offering payment plans and delivery guarantees that off-plan buyers can trust.
- Future phases: SIBA El Gouna is the first chapter — additional launches will follow in coming months, each introducing new architectural concepts while staying true to El Gouna’s core values.
About El Gouna
El Gouna is a privately developed resort town 25 km north of Hurghada, built by Orascom Development Egypt. Known as the “Venice of the Red Sea,” it features lagoons, a private marina, an 18-hole championship golf course, international schools, a hospital, and over 30 hotels. Property prices in El Gouna typically range from €150,000 for apartments to over €1.5 million for premium villas, with consistent annual appreciation of 10–15%.
Contact MAMO Property
Interested in SIBA El Gouna or other El Gouna properties? Our team can provide pricing, payment plans, and exclusive previews.
📱 WhatsApp: +20 115 298 0998
Sources: Orascom Development Egypt press release, Zawya, MAMO Property research (June 2026).
📚 Further Reading:
- our complete El Gouna buyer’s guide
- our Hurghada property appreciation trends analysis
- our installment plans and payment options guide
- our long-term rental market guide for landlords
- our analysis of Egyptian Pound trends and foreign reserves
❓ 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.
Co-founder of MAMO Property, real estate specialist in Hurghada with 16+ years experience in Egyptian property market.
