First Residence Development Projects

First Residence Development is an Egyptian real estate company established around 2014, specializing in the development of residential and touristic communities. The company focuses on delivering high-standard projects in strategic locations, particularly in the North Coast, Ain Sokhna, and El Gouna.

One of its most iconic projects is Mangroovy El Gouna Resort, the company’s first flagship development directly overlooking the sea. The project reflects a design inspired by nature, combining innovative architecture with integrated living experiences that feature lush green spaces and world-class leisure facilities.

First Residence is committed to creating distinctive touristic and residential destinations that meet international standards. Though a relatively young player in the Egyptian market, the company has quickly positioned itself as a serious contender in the luxury real estate and touristic development sector, with a clear focus on design quality and prime locations tailored for the upscale tourism market.