Ora Property Development has announced the expansion of its presence in the United Arab Emirates by acquiring an additional 4.8 million square meters of land from Aldar Properties in the Ghantoot area. This brings the company's total land holdings in the country to 9.6 million square meters. This move is part of the company's ongoing commitment to investment and expansion in the UAE.
This step is based on the success of the 'Between' project, which is positioned as a leading community on the waterfront. The project reflects ambitious goals to develop vibrant communities that blend modern lifestyles, hospitality, shopping, and distinctive living experiences. The company's clear vision for the 'Between' project is to create a destination that reflects the site's uniqueness and enriches the lives of its residents.
According to Naguib Sawiris, Chairman of the Board of Directors of Ora Property Development, the company is proud to expand its presence in the UAE. The 'Between' project has seen strong demand since its launch last year, and the company is confident that this expansion will maintain its upward trajectory of momentum and success. It is expected that the total investment in the project will reach AED 30 billion upon its completion.
The project is distinguished by its strategic location between Dubai and Abu Dhabi, directly connected to Sheikh Maktoum bin Rashid Road. It is only about 25 minutes away from Al Maktoum International Airport, providing seamless connectivity between the two emirates. This partnership reflects Ora Property Development's long-standing and firm confidence in the UAE's real estate market and its continuous commitment to developing integrated, multi-use communities that meet the highest global standards.
