ORA Developers is expanding its UAE presence through the acquisition of an additional 4.8 million sqm of land from Modon Holding in Ghantoot, increasing its UAE land bank to 9.6 million sqm. This steps is expected to drive a total project investment of AED 30 billion upon full development.
This reiterates ORA Developers’ long-term confidence in the UAE market and its continued commitment to delivering integrated, world-class, mixed-use communities.
Strategically located between Dubai and Abu Dhabi, with direct access to Sheikh Maktoum Bin Rashid Road, the site offers seamless connectivity across both emirates. It is also located approximately 25 minutes from Al Maktoum International Airport, further enhancing its accessibility.
The strengthened partnership between ORA and Modon will accelerate development in Ghantoot, where BAYN, ORA’s flagship masterplan is emerging as a fully integrated destination. Conceived as “a community without compromise,” the project brings together city energy and coastal serenity.
Naguib Sawiris, Chairman of ORA Developers, commented: “This move further reinforces our commitment to the UAE and our intention to continue our efforts in the country. It demonstrates our trust in the resilience of the UAE real estate market, as well as our belief in the nation’s long-term vision for sustainable growth.
The growth of ORA’s footprint in the UAE marks an important milestone in our continued vision to elevate refined living and create world-class destinations. This next step, reinforced by the success of BAYN, our flagship waterfront development, reflects our long-term aspiration to shape vibrant communities that seamlessly blend lifestyle, hospitality, retail, and residential offerings.”
“Bill O’Regan, Group CEO of Modon Holding, added: “With ORA, we have identified a partner that understands the unique value of Ghantoot and is committed to shaping a destination that is true to its location and enriches the lives of its residents. BAYN has already attracted strong demand since its launch last year, and we are confident that the expansion will continue that success.”
The agreement for this new site builds on ORA’s compelling market credentials. ORA Developers has been ranked third among Abu Dhabi’s Top 10 Developers in 2025 by the ADREC Abu Dhabi Real Estate Market Report, with BAYN recording AED 2.7 billion in residential sales in 2025 and ranking among the Top 10 projects in the report.
This strategic investment is underpinned by the UAE’s sustained focus on infrastructure and economic progress. The record AED 92.4 billion 2026 UAE Federal Budget, alongside continuous investment in key transport corridors such as Sheikh Maktoum bin Rashid Road, is expected to enhance connectivity and long-term value along the Dubai-Abu Dhabi passage. These fundamentals underscore the resilience of the economy, its real estate market, and the strategic timing of ORA’s expansion in this high-growth area.