El Gouna Unveils New Residential Project, Fairways, Featuring Premium Designs and World-Class Standards Overlooking Ancient Sands
Cairo, Egypt- 16, May, 2023: El Gouna, one of Orascom Development’s fully integrated sustainable towns in the Red Sea, launched Fairways, its newest project. Located on the hill of the Ancient Sands Hotel featuring awe-inspiring views, this compelling neighborhood offers distinctive architectural designs for multiple family residential units ranging from studios, one and two-bedroom apartments.
The project launch comes in-line with Orascom Development's plan to continue developing El Gouna and providing distinct and diverse residential options that suit different customer needs, which contributes to promoting investment opportunities.
Fairways is located at close proximity to Abu Tig Marina, Fanadir Marina, and El Gouna beaches – serving the perfect fusion between modern architecture and natural outdoor splendor. On an area of 11,000 sqm, and at an elevation of 15m above sea level, all project units overlook the golf course, town skyline, and townscape, uniquely designed through innovative urban planning and feature distinctive exteriors that seamlessly blend building spaces with green areas. With its tailored features speaking comfort and elegance, prospective homeowners are already looking to invest into their future elevated living as the project starts selling its units, preparing to be delivered between 2025 and 2026.
Mohamed Amer, EL Gouna CEO, said "At El Gouna, we strive to provide a truly sustainable experience for our residents by creating integrated residential projects that are complemented with amenities and facilities that elevate and inspire our community’s living experience. Fairways is the latest example of how far we have come in delivering extraordinary living experiences tailored to exceed expectations backed up by top-notch services and infrastructure. We are committed to delivering premium projects that reflect the latest trends and innovative concepts in El Gouna, as we strive to attract customers both locally and internationally by demonstrating a deep understanding of what they are looking for in their home and investments. Today, we have developed more than 50% of El Gouna’s land through various successful projects such as Fairways - perfect for golf enthusiasts looking for properties near a top course."
Built on 36.9 million sqm of land, El Gouna has recently revealed several innovative projects, such as Art Island, which fuses eco-friendly technology with 22 modern villas to create an urban oasis that has already sold out 70% of its units.
It is worth noting that El Gouna is rapidly upscaling its non-residential services and activities, already surpassing 50% in development. In 2022, net real estate sales in El Gouna rose by 9.5%, which reflects growing demand for homes in EL Gouna, the ultimate integrated town by the Red Sea.
El Gouna, one of Orascom Development’s fully integrated towns, has been the most prominent destination nestled on the Red Sea in an area of 36.9 million square meters for more than 30 years. The town encompasses 9,000 delivered residential units, 18 hotels, schools offering international and national curricula, an international hospital, start-up workspace facility, four marinas, two world-class golf courses, a culture & conference center, and an array of services. With a population of more than 25,000 residents of 120+ nationalities, El Gouna is located near the city of Hurghada and only 20 mins away from Hurghada international airport.
Orascom Development Holding is a leading international developer specializing in vibrant, integrated communities in Europe, the Middle East, and North Africa. For more than 30 years, Orascom Development has been a pioneer in creating destinations where people are inspired to live, work, and play with passion and purpose.
From El Gouna’s stunning Egyptian coastal town by the Red Sea to Andermatt Swiss Alps’ breath-taking, year-round mountain destination, each master-planned community is a testament to Orascom Development's commitment to place-making at its finest. The integrated towns harmoniously combine residential areas with private villas and apartments, hotels, and award-winning leisure and commercial amenities – including golf courses, marinas, sports facilities, retail shops and restaurants.
Orascom Development owns a land bank of more than 100 million square meters with nearly 40% under development or developed into thriving communities in Egypt (El Gouna, Makadi Heights, O West, Taba Heights, and Byoum), in the GCC (The Cove in the UAE and Jebel Sifah and Hawana Salalah in Oman), and in Europe (Andermatt Swiss Alps in Switzerland, Luštica Bay in Montenegro and West Carclaze Garden Village in the UK). Orascom Development’s hospitality portfolio includes 33 premium and luxury hotels with more than 7,000 rooms across Europe, the Middle East, and North Africa. ODH shares are listed on the SIX Swiss Exchange.