Fanadir Shores El Gouna

Fanadir Shores El Gouna: large homes on the water in a town that lives all year

Fanadir Shores El Gouna is a residential district by Orascom Development Egypt inside El Gouna on the Red Sea, built between two bodies of water next to Fanadir Marina. On offer are three-bedroom apartments from 269 to 282 m² and a 337 m² four-bedroom apartment, with 5 years of instalments and handover in June 2028.

First things first: no price is recorded with us for this district right now, so we will not put a figure of our own, and will focus on what you need to know before asking the developer for the price.

Who is Fanadir Shores for?

Someone who wants a second home to live in for months, not days

El Gouna is not a village that shuts after summer. So anyone spending the whole winter or half the year on the Red Sea will find a working town around them.

Someone who can work from anywhere

If you work online, a three- or four-bedroom apartment the size of a whole house gives you a study and a guest room, inside a town with everyday services.

An investor wanting to let to foreigners

El Gouna is well known to foreign tourists, and Hurghada Airport is close. So rental here does not rely on two summer months as on the North Coast.

A large family

Sizes start at 269 m², and the four-bedroom apartment has 5 bathrooms. These are house-sized homes, not small holiday flats.

El Gouna is a town, not a holiday village

This is the key point that sets Fanadir Shores apart from any village on the North Coast or in Ain Sokhna:

• Life all year: El Gouna has marinas, hospitals, schools, hotels and restaurants that have run for years and do not close in winter.
• Rental: the season on the Red Sea is longer because winter is warm too, so the unit can be let for more months a year.
• Upkeep: a living town means the unit will not sit locked for nine months, which reduces its problems.

The one drawback is that El Gouna is far from Cairo by car, so if you plan to come every weekend, the drive is long. That makes it better suited to someone staying for long stretches or flying in.

Three bedrooms or four?

• Three-bedroom apartment: from 269 to 282 m², with 4 bathrooms. Two are available.
• Four-bedroom apartment: 337 m², with 5 bathrooms. One is available.

The difference is 55 to 68 m², a room and a bathroom. A 269 m² three-bedroom is already larger than many four-bedroom apartments in Cairo, so for a family of four or five, three bedrooms are enough. The four-bedroom is for a large family or for letting to groups.

A home on the lagoon

The idea of the district is water at the centre: a central lagoon with homes around it and access to a private beach. Homes overlooking the lagoon have a private boat mooring in front. So anyone with a boat, or thinking of buying one, can tie it up below the house instead of paying for a berth in a marina. But not every unit has this, so if the mooring or the lagoon view matters to you, ask about them for the exact unit before booking, because they most likely change the price.

Fanadir Shores El Gouna prices

No price is recorded with us for Fanadir Shores right now, for either the three-bedroom or the four-bedroom apartments. For a sense of the market, apartments in Swanlake El Gouna, about 2 km away, cost about 230,000 per m², but that is a different project with smaller units, so do not treat it as Fanadir's price. Ask the developer for the price by unit, floor and view, and work out the price per metre yourself.

Message us and we will get you the current price from the developer in a written offer.

A home on the water: what to ask at the viewing

Homes on the sea or a lagoon come with things you need to watch for:

• Orientation: the Red Sea sun is strong, so the direction of the terrace and windows affects heat and air conditioning.
• Salt and humidity: ask about the windows, metalwork and exterior finish, because sea air wears them faster.
• The view: check on the master plan whether buildings will go up in front of you later, or whether the view is fixed.

The payment plan: 5 years of instalments

Instalments run over 5 years, shorter than the 8- and 10-year plans common in Cairo and on the North Coast. So the monthly instalment here will be higher than for a project at the same price with a longer term. The deposit is not recorded with us, so ask the developer about it and the payment schedule: monthly or quarterly, and whether there is a payment at handover. Handover is June 2028, so you will pay most of the instalments after you receive the unit. Ask about the cash price too, because in El Gouna projects the gap between cash and instalments can be large.

El Gouna or the North Coast?

If you are comparing a seaside home in El Gouna with a village on the North Coast, the difference is not only the sea:

• Season: the North Coast is two or three summer months, while the Red Sea is lived in during winter too.
• The trip: the North Coast is closer to Cairo by car; El Gouna is farther but has an airport nearby.
• Life around you: a North Coast village empties after the season; El Gouna is a town with people all year.
• Rental: North Coast demand is mostly Egyptian and summer; in El Gouna there is demand from foreigners and from Egyptians in winter.

So El Gouna suits someone staying for long periods or letting all year, and the North Coast someone who wants to go and come back in the same week.

If you are buying to let: how to count it

Do not count the return on the summer nightly rate alone. Work out how many months a year the unit will actually be let, then subtract maintenance and service charges, the commission of the company managing the letting if you will not manage it yourself, and the cost of furnishing. Then compare the net figure with the real price you will get from the developer. Large apartments like these let to families and groups, so the nightly rate is higher but bookings are fewer than for a small flat.

The location and access

The district is next to Fanadir Marina and La Maison Bleue hotel, close to Abu Tig Marina, with restaurants and marinas a short trip away. El Gouna itself is reached by the Hurghada–Ismailia road or the Cairo–Hurghada road, and Hurghada Airport is close, which matters if you will let to someone coming from abroad.

See it under location, or browse the other projects on the El Gouna page.

Who is Orascom?

Orascom Development Egypt built El Gouna itself, and its projects include Makadi Heights in Hurghada and O West in October. Because El Gouna has been lived in for years, you can see the developer's work for yourself in districts already occupied.

Things to know before you buy

• No price is recorded with us, so get the current price and deposit in writing from the developer.
• The project comes in two sizes, three and four bedrooms, so ask what is available today in the size and floor that suit you.
• The finishing level is not recorded with us, so ask about it and have it written into the contract, because it changes the real cost.
• Ask about El Gouna's annual maintenance and service charges, and about rental management if you will let.
• Read the pros and cons and the amenities above.

Your next step

Look at the units under available units, and turn to the FAQs for any question.

If you want the real price today and what units are available, message Masharf on WhatsApp from the button on this page, and we will send you a written offer with the price, deposit, instalment and handover date.