First Residenc Development: projects, prices and payment plans

ع العربية

Residential units at Mangroovy El Gouna: +700
Year Mangroovy El Gouna launched: 2016
Clusters delivered and operating: 6

Shary developer index

Last updated October 2026

50 out of 100

Shary IndexShary developer index

0 of 1

delivered on time

How is it calculated?

Liquidity and selling speed — 19%

Price growth after delivery — 20%

On-time delivery — 10%

Financial solvency — 15%

Developer growth — 10%

Product quality — 9%

Services and facilities — 4%

Service and support — 4%

The developer index is a score out of 100 from 8 factors that measure the developer's record across all projects.

Where do these numbers come from? The average index of the developer's published projects; if the Shary team enters a score or breakdown for the developer in the dashboard, that is shown instead. The developer is ranked by the same score on the Shary Index page.

0 Delivered projects

1 Under construction

0 New projects

Projects

Delivered projects: 0
Under construction: 1
New projects: 0

Developer’s areas

El Gouna 1 project

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About First Residenc

First Residenc is a real estate developer with projects in El Gouna, offering units in a range of sizes and payment plans for both living and investment.

About First Residenc

It has 1 project on Shary, with 0 units available now.
It works in: El Gouna.

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Why buy or invest in First Residenc projects

Shary developer index of 50 out of 100 — calculated from liquidity, price growth and delivery on schedule.
0 of 1 projects were delivered on time.

First Residenc’s best-known projects

Mangroovy El Gouna — El Gouna.

Mangroovy El Gouna

Located in El Gouna.
Prices start from EGP 20,500,000 — 10% down / 8 years.

In short, if you are looking for a unit that holds its value over time, compare First Residenc projects on location, price and delivery date, and contact us for the one that suits you.