ORA developers expand UAE footprint through acquisition of new land | News
ORA Developers is expanding its presence in the UAE with the purchase of a further 4.8 million sqm of land from Modon Holding in Ghantoot, expanding its land bank in the UAE to 9.6 million sqm. This move is expected to generate a total project investment of AED 30 billion when fully developed.
This reiterates ORA Developers’ long-term confidence in the UAE market and its continued commitment to delivering world-class, integrated, mixed-use communities.
The location is strategically located between Dubai and Abu Dhabi, with direct access to Sheikh Maktoum Bin Rashid Road, providing seamless connections between both emirates. It is also approximately 25 minutes from Al Maktoum International Airport, further improving 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 urban energy and coastal serenity.
Naguib Sawiris, Chairman of ORA Developers, commented: “This move reinforces our commitment to the UAE and our intention to continue our efforts in the country. It demonstrates our confidence in the resilience of the UAE real estate market, as well as our belief in the country’s long-term vision for sustainable growth.
The growth of ORA’s footprint in the UAE marks a significant milestone in our ongoing vision to elevate sophisticated living and create world-class destinations. This next step, reinforced by the success of BAYN, our flagship waterfront development, reflects our long-term ambition to shape vibrant communities that seamlessly combine 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 that 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 location builds on ORA’s compelling market credentials. ORA Developers is 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 among the top 10 projects in the report.
This strategic investment is supported by the UAE’s continued focus on infrastructure and economic progress. The record AED 92.4 billion for the UAE’s 2026 federal budget, in addition to continued investments in key transport corridors such as Sheikh Maktoum bin Rashid Road, is expected to improve connectivity and long-term value along the Dubai-Abu Dhabi passage. These fundamentals underscore the resilience of the economy, the real estate market and the strategic timing of ORA’s expansion in this fast-growing area.
