What is North Bay El Gouna?North Bay is one of El Gouna’s most prestigious neighborhoods, designed by the internationally renowned architect Victor Legorreta. It is celebrated for its connection to the water, featuring an Open Lagoon system that allows for Direct Boat Access from your home to the open sea. The neighborhood centers around a landmark Public Pavilion, creating a vibrant community hub within a serene, water-focused setting.
What are the Unit Specifications?
This is a Resale Opportunity for a Totally New Twin Villa, offering a rare combination of luxury living and nautical convenience.
Unit Type: Twin Villa
Built-Up Area (BUA): 207 m²
Layout: 3 Bedrooms, 5 Bathrooms.
View: Open Lagoon
Special Feature: Private Boat Dock & Direct Boat Access.
Status: Under Construction / Resale (Installments till 2029).
Financial Details (Price Breakdown)
Cash Down Payment (To Seller): $880,800
Remaining Installments : $706,485
Installment Period: Installments continue until 2029.
Total Price: $1,590,000
Why Buy in North Bay El Gouna?
Boating Lifestyle: This is one of the few projects where you have a Private Boat Dock right at your doorstep, allowing you to sail directly from your villa to the Red Sea.
Architectural Masterpiece: Designed by Victor Legorreta, the villas feature his signature blend of vibrant colors, geometric forms, and seamless indoor-outdoor living, ensuring your home is a piece of art.
El Gouna Community: Living here grants you access to El Gouna's world-class infrastructure, including international schools, hospitals, marinas, and a bustling nightlife, all managed by Orascom Development.
What Facilities & Amenities are Available?
Water Access: Swimmable Open Lagoons and private docking facilities.
Community Hub: A landmark Public Pavilion serving as a social gathering point.
Services: Access to El Gouna Plus services (Property Management, Home Services, Design & Renovation).
Security: 24/7 Gated security within the private North Bay enclave.
Frequently Asked Questions (FAQs)
Do I own the land my property stands on? In El Gouna, property ownership is typically not freehold regarding the land itself. However, Orascom Development grants buyers the exclusive right to use the land surrounding the building for life, and this right is fully inheritable and transferable with any change of ownership.
What services are provided by El Gouna Plus? Residents can benefit from comprehensive services including interior design & renovation, property management, and home maintenance services designed to enhance the coastal living experience effortlessly.
Is the lagoon swimmable? Yes, North Bay features an open lagoon system with circulating water, making it suitable for swimming and water activities.
