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| Project Name | Waterside Condos |
| Location | Hurghada |
| Developer | Orascom Developments |
| Project Area | 35 Feddan (~147,000 m²) |
| Unit Types | Apartment، Chalet، Duplex |
| Starting Price | 16,400,000 EGP |
| Down Payment | 15% |
| Installments up to | 5 years |
| Finishing | Super Lux |
| Delivery Year | 2026 |
Waterside Condos is an integrated residential neighbourhood inside El Gouna seaside town on the Red Sea coast, developed by Orascom Developments. The project stands out for its lagoon-facing apartments and its central positioning within the lively core of El Gouna town.
Waterside Condos El Gouna sits around 3 km from the heart of El Gouna town and only 25 km from Hurghada International Airport, putting it at an ideal middle position between the calm of residential neighbourhoods and the buzz of the main El Gouna marinas and restaurants.
The project is developed by Orascom Developments, the parent company of the entire El Gouna town since 1989 and the owner of more than 40 integrated neighbourhoods inside the town across a 36.9 km2 footprint with 12 km of private shoreline along the Red Sea coast.
Village Waterside Condos delivers residential units across three categories: Apartments, Chalets, and Duplexes, with sizes ranging from 67 to 144 m2, designed so every unit enjoys an open view onto either the swimming pool or the natural lagoon inside the neighbourhood.
The architectural design of Waterside Condos blends traditional Nubian motifs with contemporary architectural touches, set in a quiet low-rise coastal character not exceeding three storeys, with sandy and white tones that match the colour of El Gouna sands and lagoons.
Waterside Condos targets two clear buyer segments: the investor seeking a compact lagoon-facing apartment inside El Gouna town with a steady tourist rental yield, and the family looking for a seasonal second home close to El Gouna restaurants and beaches without paying premium villa prices.
Village Waterside Condos sits inside El Gouna on the Red Sea coast, around 22 km north of Hurghada, and only 3 km from the heart of El Gouna town and 25 km (about 30 minutes by car) from Hurghada International Airport, easing access for both Egyptian and international buyers.
The positioning of Waterside Condos El Gouna is genuinely central: close enough to the restaurants and bars of Abu Tig Marina to enjoy lively evenings, while remaining far enough to retain a quiet family-oriented residential atmosphere with its private lagoons and nearby beaches.
Coordinates: 27.3798 N, 33.6595 E. You can view the exact location on the interactive map below this page, to verify the neighbourhood positioning inside El Gouna town and its proximity to Abu Tig Marina, the golf club, and the broader El Gouna town amenities.
The architectural design of Waterside Condos blends authentic traditional Nubian architecture with contemporary architectural touches signed by Orascom Developments, all within a unified visual language shared across every neighbourhood inside El Gouna town.
The masterplan of Waterside Condos El Gouna distributes the residential buildings around internal lagoons and artificial water features, ensuring every apartment enjoys an open view onto a swimming pool, a lagoon, or a landscaped courtyard without exception.
Building heights at Waterside Condos remain low, capped at three storeys, preserving the calm village character, ensuring open views for every unit, and allowing good sea-breeze airflow between the buildings and the water features.
Finishing at Waterside Condos is Super Lux per Orascom standards: high-quality porcelain flooring, equipped kitchens, central air conditioning, and sand-and-white tone paint schemes matching the calm coastal character of El Gouna town.
Exterior facades at Waterside Condos carry a Nubian character with small domes and arches, in sandy and white tones, plus wooden details on balconies and terraces overlooking the water features, giving the neighbourhood its distinctive visual signature inside El Gouna.
Village Waterside Condos El Gouna offers three main categories of residential units for sale: Apartments starting from 67 m2, Chalets for seasonal use, and Duplexes spanning two floors for larger families, all featuring open views onto the internal lagoons.
Apartments at Waterside Condos El Gouna start from 67 m2 with one bedroom and reach 144 m2 with 2 and 3 bedrooms, in open-plan layouts that connect the living room to the kitchen, with a private balcony overlooking either the swimming pool or the natural lagoon.
Chalets at Waterside Condos target buyers seeking a compact seasonal unit sized 80 to 110 m2, with two bedrooms and a direct view onto the internal water feature, finished Super Lux and ready for personal use or rental on the first day after handover.
Duplexes at Waterside Condos range between 130 and 170 m2 across two floors, suited to larger families seeking living spaces separated from sleeping areas, with a private upper terrace offering panoramic views over the neighbourhood lagoons.
Detailed sizes and starting prices appear in the unit-types table at the top of this page, kept fresh from the CompoundGate database tracking current stock at Waterside Condos by Orascom Developments.
The unit mix serves three buyer profiles clearly: the investor targeting a 67 m2 apartment for tourist rental yield, the family seeking a 170 m2 duplex for seasonal stays, and the chalet owner who rents out the unit on booking platforms most of the year.
Prices at Waterside Condos El Gouna start from 16,400,000 Egyptian pounds for 67 m2 apartments in the current phase, per the latest Orascom Developments official price lists for the project as of 2026.
Apartments sized 67 to 144 m2 range from 16,400,000 to 31,500,000 Egyptian pounds depending on size, bedroom count, and view orientation, with lagoon-facing apartments priced around 10 to 15% above the units overlooking the garden or central courtyards.
Chalets sized 80 to 110 m2 at Waterside Condos range from 18,500,000 to 23,800,000 Egyptian pounds, especially units with a direct view onto the internal water feature, which are the most sought-after by seasonal-use buyers entering the El Gouna market.
Duplex prices at Waterside Condos El Gouna for units sized 130 to 170 m2 range from 28,000,000 to 38,000,000 Egyptian pounds, depending on the position inside the neighbourhood and proximity to the central lagoon, with a private upper terrace offering panoramic views.
Average price per meter at Waterside Condos Orascom starts from 220,000 Egyptian pounds for apartments and reaches 245,000 Egyptian pounds for lagoon-facing units, in line with mid-tier El Gouna neighbourhoods and below the upscale Joubal El Gouna compound.
Waterside Condos prices depend on four factors: unit type (apartment, chalet, duplex), size, view orientation (lagoon versus pool versus garden), and proximity to the heart of El Gouna town. Each factor adds 10 to 20% over the base price for a comparable-size unit.
The payment plan at Waterside Condos from Orascom Developments is: a 15% down payment and installments up to 5 years in equal zero-interest installments, per the official El Gouna 2026 payment policy applied across the developer's neighbourhoods inside the town.
On an apartment priced 16,400,000 Egyptian pounds with 15% down (2,460,000 pounds) over 5 years: the buyer installs around 2,788,000 Egyptian pounds annually, or 232,333 Egyptian pounds monthly, or 1,394,000 Egyptian pounds semi-annually under the default Orascom Developments policy.
Payments are mostly semi-annual under Orascom policy in El Gouna. Guarantee cheques sit with the developer until title transfer, with a one-year finishing warranty after handover per the Orascom tradition applied across every El Gouna project.
Ownership at Waterside Condos is granted as usufruct (lifetime, inheritable use rights) rather than freehold, the default policy for every El Gouna project from Orascom. Contact CompoundGate for the latest plans and the stock available from the developer in 2026.
Investment in Waterside Condos is driven by four strong engines that differentiate it from other Red Sea projects. First and foremost: the neighbourhood sits inside the operational El Gouna town with stable tourist rental revenue, and apartment owners can enrol in the Orascom Rental Pool hotel-managed programme.
The second engine: the Orascom Developments brand, one of the largest resort developers in the Middle East and full owner of El Gouna town since 1989. Orascom Developments Waterside Condos is a long-established brand with strong resale market depth across the secondary market.
The third engine: the neighbourhood sits inside a complete tourism town with every facility (schools, hospitals, restaurants, marina, golf course, private beaches) rather than an isolated stand-alone project, securing steady daily and weekly rental demand from Egyptian and foreign tourists.
Rental yield at Waterside Condos El Gouna through the hotel-managed programme is estimated at 6 to 9% net annually for units enrolled in the Orascom Rental Pool, with around 70% year-round occupancy thanks to proximity to Abu Tig Marina and the main El Gouna restaurants.
Compared with other Orascom projects in El Gouna such as Joubal El Gouna or Sabina, Waterside Condos offers a more accessible entry point thanks to its compact and mid-size apartments, while delivering exactly the same full El Gouna town privileges.
Village Waterside Condos El Gouna delivers an integrated residential service stack inside the neighbourhood, plus full access to all major El Gouna town services that Orascom curates across the 36.9 km2 footprint and 12 km of private shoreline along the Red Sea.
The services inside Village Waterside Condos target a calm family-oriented residential lifestyle within a complete tourism town, whether for seasonal residence or rental investment via tourist booking platforms, an option unavailable in standalone Hurghada projects.
The unique features of Waterside Condos El Gouna combine its central positioning inside El Gouna town, lagoon views for every unit, and a value entry point into the upscale El Gouna market:
The first drawback buyers notice at Waterside Condos is the absence of direct beachfront, since the neighbourhood sits inland around artificial lagoons rather than facing the sea directly, which can lower appeal for buyers specifically seeking a private beach in front of the unit in Hurghada.
Mitigation: the internal lagoons at Waterside Condos offer a swimming experience similar to a quiet private beach, plus the free shuttle to Marina Beach owned by Orascom only 10 minutes away, solving the sea-access question without paying the 30 to 50% premium that a beachfront unit would command.
The second drawback: ownership at Waterside Condos is granted as usufruct (lifetime use rights) rather than freehold, the default policy for every El Gouna project from Orascom. Some buyers may view this as a constraint compared with freehold projects in central Hurghada.
Mitigation: the usufruct right at Waterside Condos is fully inheritable, sellable, and leasable without practical restrictions, treated by the secondary market exactly like freehold, with the added advantage that El Gouna town under Orascom management preserves long-term value and maintenance quality.
Orascom Developments is one of the largest property firms in the Middle East, founded in 1989 by Samih Sawiris, with a portfolio spanning integrated tourism towns in Egypt, the UAE, Oman, Morocco, Montenegro, and Switzerland, including the entire El Gouna seaside town.
The Orascom Developments portfolio inside El Gouna town spans more than 40 integrated neighbourhoods, including Waterside Condos, Ancient Sands Golf Resort, Ancient Hill, Fanadir Bay, Joubal, Sabina, and Abu Tig Marina.
Outside El Gouna, Orascom owns and develops Taba Heights in South Sinai, Andermatt in Switzerland, Hawana Salalah in Oman, Chbika in Morocco, and Lustica Bay in Montenegro. The institutional advantage of Orascom Developments Waterside Condos is the commitment to delivering complete tourism towns under professional hospitality management.
Browse all Orascom Developments projects on CompoundGate or explore more Hurghada compounds via the dedicated links. For a tailored quote, the inquiry form connects you directly with the CompoundGate team.
Waterside Condos sits inside El Gouna on the Red Sea coast, around 22 km north of Hurghada, only 3 km from the heart of El Gouna town and 25 km from Hurghada International Airport, overlooking internal lagoons close to Abu Tig Marina and the 18-hole El Gouna Golf Club.
| Unit Type | Area | Price |
|---|---|---|
| Apartment | 67 – 144 م² | 16,400,000 – 31,500,000 جنيه |
| Chalet | 80 – 110 م² | 18,500,000 – 23,800,000 جنيه |
| Duplex | 130 – 170 م² | 28,000,000 – 38,000,000 جنيه |
Orascom Developments
About Orascom Developments Orascom Developments is one of Egypt's most established and recognized real estate developers, both regionally and internationally. The company was founded in 1989 by Samih Sawiris, son of the renowned Egyptian businessman Onsi Sawiris, founder of the S...
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