| Developer | Orascom Development |
|---|---|
| Location | El Gouna Hurghada |
| Unit areas | 90 m² to 400 m² |
| Down payment | 15 % |
| Installments | 6 Years |
| Unit types | Apartments , Town House , Villas , |
Compound Tuban El Gouna, which is its largest urban development to date. This project is considered a complete city withinj El Gouna, providing its residents with a vibrant community that blends luxury with stunning natural surroundings, along with a diverse range of services and products.
Tuban El Gouna project boasts an attractive waterfront view and includes a wide variety of recreational and social facilities, offering residents a unique and exceptional lifestyle.
2- Prices of the Compound Tuban El Gouna
Apartment Starting from 500,000$
Villas starting from 650,000 $ for townhouses and around 900,000 $ for the large townhouses, Stand-alone starting from 1.3 Million Dollars.
It is worth mentioning that El Gouna continues to strengthen its position as one of the top destinations in Egypt. Real estate sales witnessed a 172.1% increase, reaching EGP 7.8 billion in the first half of 2024.
The average price per square meter in El Gouna reached EGP 207,079 during the same period, marking a 67.3% increase compared to the same period last year.
The company is currently working to complete 384 residential units this year, with 96 units already delivered to customers as per the agreed timeline.
3- Payment Plans for “Tuban” in El Gouna:
Tuban El Gouna project in El Gouna offers flexible payment plans. You can pay 15% as a down payment, 10% upon delivery, and the rest can be paid in installments over 5 years. The units are delivered fully finished within two years, with air conditioning units and kitchen cabinets installed. The project features waterfront views and offers a variety of residential units, including apartments and villas.
4- Location of “Tuban” in El Gouna:
Tuban El Gouna area is situated in the heart of El Gouna, covering an area of one million square meters and just minutes away from the International Hospital and the “G Valley” area, which houses a comprehensive business complex for small and medium enterprises and entrepreneurship. The first phase of the Tuban area will see the launch of a collection of townhouses and apartments, designed in collaboration with the renowned architect Hector Burroso, alongside the master plan developed by the international engineering firm “EDSA.”
5- Previous Projects by Orascom Development:
Orascom Development has delivered numerous successful projects in Egypt and abroad, contributing to sales momentum and growth in the real estate market. Among these projects are:
In Egypt:
- City Walk: An innovative project that offers a unique experience for visitors.
- Syan Resort in El Gouna: A luxury destination that combines elegance and relaxation.
- Hillside Project in East October: A residential project focusing on providing upscale services.
- Taba Heights in the Sinai Peninsula: A project that merges stunning nature with comfort.
- O West Compound in 6th of October: A comprehensive residential community catering to family needs.
- Biyom Hotel in Fayoum Governorate: A hotel providing a luxurious experience for guests.
Abroad:
- Andermatt Project in Switzerland: A project that showcases the beauty of Swiss nature.
- Lustica Bay in Montenegro: A luxurious coastal destination that blends comfort and beauty.
- Kempinski Hotel in Ras Al Khaimah, UAE: A resort offering high-end hospitality services.
- Hawana Salalah in Oman: A tourist project featuring breathtaking views.
Orascom continues to deliver innovative projects that meet market demands and fulfill its vision of developing integrated and luxurious communities.
6- Nearby Areas to “Tuban” in El Gouna:
The areas close to the Tuban El Gouna project include:
- El Gouna Hospital: Conveniently located to meet the healthcare needs of residents.
- Business Valley: A center dedicated to companies and entrepreneurs.
- The Marina: A destination offering restaurants and recreational activities.
- The Waterfront Promenade: Connecting the area to surrounding parks and nature.
- The Commercial Area: Providing shops and other essential facilities.
The location boasts easy access to most services and entertainment in El Gouna.
7- Types and Sizes of Units in “Tuban” El Gouna:
Tuban El Gouna includes several types of residential units with different designs to meet the needs of the residents, including:
- Standalone Villas: Large units offering spacious living areas with stunning natural views.
- Townhouses: Designed to provide medium-sized spaces with views of the water pathways.
- Apartments: Available in various sizes, with some overlooking the lakes or open waters.
Unit sizes vary depending on the type:
- Standalone villas are usually the largest, ranging from 200 to 400 square meters.
- Townhouses come in sizes ranging from 150 to 250 square meters.
- Apartments vary in size from 90 to 200 square meters.
These units are designed with multiple levels to maximize panoramic views of the waterfront areas.
8- Design of “Tuban” in El Gouna:
The architectural design of Tuban El Gouna is distinctive, harmoniously blending modern elements with traditional Egyptian details, providing residents with an exceptional living experience. The “Toban” project will feature a wide range of diverse residential units, including detached and attached villas, as well as apartments, all boasting panoramic views thanks to the project’s tiered design.
9- Services and Residential Units in “Tuban” El Gouna:
Tuban El Gouna area offers a variety of residential units, including standalone and attached villas and apartments, all characterized by panoramic views due to the tiered design. The project provides a fully integrated community with world-class facilities such as open sea marinas for yachts, a hotel, and a lively commercial area. Additionally, the project features vast green spaces and a network of interconnected pathways for walking and cycling, as well as a luxury residential complex dedicated to seniors.
10- Advantages of “Tuban” in El Gouna:
El Gouna continues to implement its ambitious plans, currently working to complete 384 residential units this year, with 96 units already delivered to customers according to the scheduled timeline. This reflects the company’s commitment to delivering the highest quality standards and adhering to deadlines.
El Gouna aims to strengthen its position as a fully integrated global destination on the Red Sea coast by offering innovative projects that combine luxury and sustainability. Tuban El Gouna project is a pivotal step in this direction, as it is expected to boost economic activity in the region, create new job opportunities, and increase investment returns for investors.
With the launch of Tuban El Gouna reaffirms its commitment to delivering exceptional projects that strike a balance between luxury and sustainable investment returns. With a 172.1% increase in real estate sales, the city’s bright future is clear, solidifying its status as a leading luxury residential and investment destination in Egypt.
11- Orascom Development Holding:
Orascom Development Holding is regarded as one of the leading international companies in creating vibrant, integrated communities. Since its establishment over 30 years ago, the company has solidified its position as one of the largest developers in Egypt for thriving integrated cities.
Orascom has delivered a range of outstanding projects that include magnificent leisure hotels, prominent golf courses, marinas, and sports facilities, as well as retail and dining areas. The company’s projects are known for their high quality and innovative designs, earning numerous international awards in the hospitality development sector.
Orascom Holding operates in diverse fields, including investments in telecommunications, media, technology, as well as real estate development, building global hotels, clubs, and yacht marinas along the Red Sea coast.
As an Egyptian public holding company, Orascom also participates in infrastructure projects such as hospitals and schools.
Orascom possesses a large land portfolio in distinguished locations, having executed top projects in various regions of the country, utilizing unique designs and integrated services in each project. The company is always striving to build comprehensive residential communities that offer privacy and luxury to unit owners, allowing them to experience a complete and distinguished lifestyle.
