Ora Developers Group, a global real leader with a major presence in Egypt, Grenada and Greece, has announced significant progress in its international expansion with the launch of new projects in UAE and Iraq.
The two developments are Bayn, a new coastal community strategically located between Abu Dhabi and Dubai, and Madinat Al Ward, a large-scale residential city in Al Nahrawan district, the Governerate of Baghdad in the republic of Iraq.
Both projects prove Ora’s long-term commitment to building communities defined by design excellence, cultural relevance, and sustainable growth, said the developer in a statement.
Together, these two landmark developments represent a combined investment exceeding $16 billion (in the first phase), solidifying Ora’s expanding presence across the Middle East and reinforcing its mission to deliver holistic, future-ready communities in high-growth markets.
Shaping the future of coastal living in UAE
Located in Ghantoot, a key area linking Abu Dhabi and Dubai, Bayn aims to establish a dynamic new community rooted in Ora’s consistent principles of extending cities’ footprints and seamlessly integrating nature within urban environments.
The project spans 4.8 million square meters and features an extensive seven kilometers of waterfront, highlighting the project’s unique value proposition within the UAE’s evolving landscape.
Over 55% of the community is dedicated to open spaces, waterways, and recreational amenities, including a marina, lagoon, and a 1.2-km beachfront.
A 100,000 sq m sports club and holistic amenities set new benchmarks for healthy, active living.
Bayn represents Ora’s commitment to preserving Ghantoot’s virgin coastline while offering residents a first home on the sea, echoing the company’s proven expertise in coastal communities from Egypt’s North Coast to Cyprus’s Ayia Napa and Grenada.
"With Bayn, our aim is to develop a destination that anticipates the future needs of a thriving coastal community within a strategically important location," said Eng. Naguib Sawiris, the Chairman and CEO of Ora Developers.
"Ghantoot presents a unique opportunity to create a distinctive coastal community that not only offers an exceptional lifestyle but also contributes to the broader development and appeal of the region. We anticipate this project will attract residents and stimulate economic and social growth," he added.
The groundbreaking of Madinat Al Ward in Baghdad, marks a significant chapter in the country’s national housing agenda.
Spanning a monumental 62 million sq m, this visionary project named in honour of Iraqi scholar Ali Al-Wardi will be developed over a 24-year period, ultimately delivering 120,000 new homes and creating a vibrant, self-sustaining city.
The Phase I of Madinat Al Ward alone is projected to be completed over eight years at a total investment of $10 billion.
Among its most notable features is a one-of-a-kind 5 million sq m public park, ensuring Ora’s commitment to creating green, livable urban environments that prioritize community well-being and environmental stewardship.
Madinat Al Ward is a testament to the power of visionary public-private partnerships," remarked Ibrahim Karam, CEO of Ora Iraq.
"This project goes beyond providing housing as it lays the foundation for a new urban center one that prioritizes quality of life and sustainable growth. We believe this development will serve as a model for future urban expansion in Iraq and the wider region," he added.-TradeArabia News Service