First Residence Development (FRD) is an Egyptian real-estate developer founded in 2014 with a focus on luxury coastal and resort-style projects. Its primary publicly known development is Mangroovy Gouna in El Gouna on the Red Sea, marketed as a mixed residential and lifestyle destination in collaboration with Orascom Development.

FRD’s strategic partnership with Orascom Development, a well-established integrated destinations developer, implies access to industry backing and project-level financial collaboration. However, there are no publicly accessible audited financial statements or independent credit evaluations for FRD itself.

Public materials present FRD’s Mangroovy project as high-end with design that respects natural surroundings and coastal lifestyle aspirations, but independent post-completion quality reviews from buyers or third parties are not widely published.

No publicly available information indicates regulatory issues, sanctions, or compliance failures involving FRD; its projects appear listed and marketed through mainstream real-estate platforms without noted restrictions.

Public buyer or tenant feedback specific to FRD projects is limited or not easily accessible, likely reflecting the off-plan or early delivery status of major developments like Mangroovy.  

FRD is presented in public listings as a recognized developer in Egypt’s luxury resort segment, enhanced by association with Orascom Development; broader market reputation details from independent industry reviews are sparse.

FRD’s public profiles emphasize design harmony with natural settings, but there is no disclosed evidence of formal sustainability certifications or independent green building standards.