Ora Developers doubles the land mass for its UAE Bayn project

Ora Developers is doubling down on expanding its flagship UAE project Bayn to 9.6 mn sqm. The real estate firm, owned by b’naire Naguib Sawiris, acquired an additional 4.8 mn sqm of land from UAE’s Modon Holding in the Ghantoot region — a coastal corridor between Abu Dhabi and Dubai, Wam reported on Thursday. No financial details were announced.

Looking ahead: Ora is ratcheting up its total value ahead of a planned IPO in the UAE within the next four years. The agreement brings Ora’s total investment in UAE to AED 30 bn once the project wraps up.

REMEMBER- Ora launched Bayn in April 2025 right down the road from Dubai’s massive new airport Al Maktoum International Airport. The developer collected AED 2.7 bn in residential sales last year alone, becoming the third-largest developer in Abu Dhabi by sales volume.

A shift to the Gulf? Egyptian real estate heavyweights are expanding in the Gulf to avoid headwinds at home and protect their balance sheets. Talaat Moustafa Group is building its Benan City project in Riyadh, while Palm Hills is developing the mega Saadiyat Shores project in Abu Dhabi. This stability lured Ora to open its UAE headquarter in Dubai last year and build another luxury community with US real estate firm Discovery Land Company.