Project Name: Fanadir Bay.
About Project: A vacation residential compound by Orascom Development, as it is 5 minutes from Abu Tig Marina.
Fanadir Bay Location: in El Gouna Hurghada in The Red Sea.
Units Type: Apartments - Chalets
Units Space: starts from 70 m² up to 250 m².
The Executing Company Name: Orascom Development.
Payment Methods: 15% downpayment, 10% upon receipt, and the rest via installments ranging from 5 up to 8 years in equal payments.
Fanadir Hotel El Gouna is the latest project to be held in El Gouna, Orascom Development, the developer of the project, has contracted with major companies specializing in interior and exterior architectural designs to establish a different village that provides all the comforts of customers. Orascom Development is one of the leading companies in the field of real estate development, and has architectural activities in many countries other than Egypt in UAE and Oman and extended to the Western world and owned many projects in Switzerland, as well as has a large architectural base It operates on its basis as it owns 101 million square meters of Egyptian territory divided between North Sinai and Gouna the Red Sea.
Orascom Most Important Projects
Fanadir Hotel - El Gouna is located in El Gouna, Hurghada, in the heart of the Red Sea, just 5 minutes away from Abu Tig Marina.
It is just 25 minutes from the airport, 7 minutes from the nearest school and hospital, and 5 minutes from the nearest shopping mall.Read more about the project
The village has various residential units such as apartments and chalets surrounded by gardens and overlooking the sea, the apartments are equipped with a number of bedrooms from one to 4 rooms, and will be Super Lux finished, equipped with air conditioning, kitchens, and a private dining room.
Apartments space starts from 70 m² up to 221 m².
Chalets space starts from 99 m² up to 250 m².
Payment System and The Delivery Date
15% downpayment, 10% upon receipt, and the rest via installments ranging from 5 up to 8 years in equal payments.
Units shall be delivered in 2021.
Note that the prices and spaces mentioned herein are for the first half of 2019, and therefore it is changeable, and we, Real Estate Egypt, are keen to update the spaces and the list of residential and commercial units' types and prices constantly to keep the customer informed of the real estate market changes.