US EditionEgyptian Billionaire Naguib Sawiris Says UAE Property Market Will Bounce Back From Iran War
The expanded BAYN masterplan will include 16,000 homes and Dh30 billion in investment as ORA bets on a rebound in the UAE property market.
9 Articles
9 Articles
ORA Developers Expands UAE Footprint Through New Land Acquisition from Modon Holding, Total Project Investment to Reach AED 30 Billion
/PRNewswire/ -- ORA Developers is expanding its UAE presence through the acquisition of an additional 4.8 million sqm of land from Modon Holding in Ghantoot,...
Naguib Sawiris doubles UAE investments to $30 billion, citing confidence in real estate market
Naguib Sawiris doubles Ora Developers' UAE investments to $30B, expanding the Ghantoot Ben waterfront community with 9.6M sqm of land and reaffirming strong confidence in the UAE real estate market and long-term growth
Designing Between Two Cities: The Vision Shaping Ghantoot’s New Coastal Masterplan
Set between Dubai and Abu Dhabi, Ghantoot is emerging as a new kind of coastal destination, one shaped not by density, but by restraint. With its masterplan expanding, ORA Developers is exploring how landscape, architecture, and lifestyle can come together to create a more balanced way of living Naguib Sawiris, Chairman of ORA Developers and Bill O’Regan, Group CEO of Modon Holding By: Mina Vucic In a region where masterplans often begin with sc…
Egyptian billionaire doubles landbank of UAE masterplan
Ora Developers, founded by Egyptian billionaire Naguib Sawiris, has doubled the size of its Bayn masterplan in the UAE. The master development is being carried out in the Ghantoot area, located between Dubai and Abu Dhabi. Ora Developers purchased an additional 4.8 million square metres of land from Abu Dhabi-listed Modon Holding, increasing its landbank to 9.6 million square metres, it said in a statement. Following the expansion, the developer…
Naguib Sawiris bets billions on UAE property despite Iran war
Naguib Sawiris is not worried about the Iran war. He is buying more land.The Egyptian billionaire and chairman of Ora Developers told The National in Abu Dhabi on April 16 that the downturn affecting the UAE property market since the outbreak of hostilities between US-Israeli forces and Iran is a temporary pause rather than a structural reversal, and that current price declines represent a buying opportunity that sophisticated investors should n…
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