Ora Developers Doubles UAE Footprint with EGP 30B Investment Target in Ghantoot Expansion
Ora Developers has announced a massive expansion of its presence in the UAE, acquiring an additional 4.8 million square meters of land from Modon Holding in the strategic Ghantoot area. This acquisition doubles Ora’s total land bank in the country to 9.6 million square meters, with total project investments expected to reach AED 30 billion upon completion. The move underscores the firm's long-term confidence in the UAE’s real estate sector and its commitment to developing world-class, integrated mixed-use communities.
“This step reflects our unwavering commitment to investing in the UAE and our absolute confidence in the robustness of its real estate market,” said Naguib Sawiris, Chairman of Ora Developers. Strategically located between Dubai and Abu Dhabi, the project—anchored by the flagship "Peyn" development—is just 25 minutes from Al Maktoum International Airport. Following the success of Peyn, which ranked among Abu Dhabi’s top ten projects in 2025 with AED 2.7 billion in residential sales, this expansion targets the creation of a vibrant waterfront destination blending modern living, hospitality, and sustainable urban design.