Zawya - Press Releases: El Gouna, on the Red Sea, begins a new chapter with the launch of “Marina Island” within the Tuban El Gouna project.

El Gouna : El Gouna, the vibrant year-round coastal city on the Red Sea by Orascom Development Egypt, has announced the launch of “ Marina Island ” within the Tuban El Gouna project. This project, considered the most exclusive and luxurious island within the development, is strategically located in the heart of the Tuban area. It offers a fully integrated residential island concept featuring a stunning marina, marking a new milestone in the city's development.

Commenting on the launch, Mohamed Amer, CEO of El Gouna and Managing Director of Orascom Development Egypt, said: “Water is an essential part of the spirit of El Gouna; it is not just an exceptional feature of the city, but represents an integral part of its identity and character. For 36 years, El Gouna has set the standard for residential living on the Red Sea coast, and the Marina Island project comes to embody this concept in the best way yet.”

He added: “The project is not just a residential launch, but represents a vibrant integrated destination that includes an efficient marina, diverse dining experiences, and architectural designs that enhance the city’s distinctive architectural heritage. We were keen to pay attention to every detail of the project, and what distinguishes this project most for us is its role in completing the vision of Tuban as an integrated destination, and it also presents a completely new chapter for El Gouna .

The " Marina Island " project within Tuban redefines the concept of island living by offering a fully operational marina, along with shops and waterfront restaurants, highlighting the project's status as an integrated lifestyle destination that goes beyond traditional residential offerings.

The project was designed with a distinctive architectural identity that reflects El Gouna's rich heritage of 36 years of collaboration with leading international and regional architects, including Michael Graves , Alfredo Freda , and Shehab Mazhar , resulting in unique and timeless designs that characterize the city . The project also offers direct and unobstructed sea views through its lagoons, giving residents a true island living experience while maintaining a seamless and vibrant connection to the heart of the Tuban district.

Building on the success of previous launches such as Nuba El Gouna, Fanadir Shores and North Bay , the city continues to expand its diverse portfolio of lifestyle projects through a series of highly anticipated launches. This expansion reinforces the city’s commitment to providing upscale residential experiences and strong investment value, with returns on investment of up to 20% within two years, along with rental returns ranging between 6% and 8%, in addition to distinctive concepts of community living.

To enhance the integrated residential experience within Marina Island , El Gouna provides residents with a seamless and comprehensive experience through its two specialized arms, Orascom Property Management and El Gouna Plus. Orascom Property Management contributes to enhancing the long-term value of the project through its specialized property management and leasing services, helping owners maximize rental income and achieve a sustainable return on investment for their units . El Gouna Plus adds a complementary dimension to the experience by offering interior design solutions, furnishings, and modern lifestyles, adding a sophisticated touch that aligns with the distinctive architectural identity of Marina Island and the island-inspired lifestyle experience .

It is worth noting that the " Marina Island " project is located in one of the fastest growing areas within El Gouna, making it a promising opportunity for investors and those wishing to own residential units, as it combines long-term investment value with a unique living experience .

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