Ora Developers, an Egyptian real estate company linked to billionaire Naguib Sawiris, is expanding its Bayn project—a new mixed-use city in the Gantut area between Dubai and Abu Dhabi. According to The Economic Times, the company has increased its investment in the UAE from $15 billion to $30 billion.
According to the publication, the Bayn project is being developed as a full-fledged “city of the future.” Following the acquisition of an additional 4.8 million square meters of land, Ora Developers’ total land bank in the UAE has grown to 9.6 million square meters. The project itself is designed to accommodate approximately 16,000 residential units.
Bayn will include business parks, schools, hospitals, shopping centers, offices, and hotels—in other words, it is not just a residential complex but the creation of a self-contained urban environment. The key idea behind the project is to create a community whose residents will be able to live between the two largest business centers of the Emirates and work in both Dubai and Abu Dhabi.
The project’s expansion comes amid sustained interest in the UAE real estate market, despite geopolitical tensions in the region. Through private capital, Egypt is effectively strengthening its presence in one of the Middle East’s largest real estate markets. The Bayn project demonstrates that the focus is not on isolated development, but on the large-scale creation of a new urban cluster between Dubai and Abu Dhabi.
