ORA Developers To Invest $16 Billion In UAE And Iraq

Dubai (PlantAndEquipment.com) - ORA Developers Group is advancing two large-scale real estate projects in the Middle East, with a combined first-phase investment exceeding USD 16 billion.

The developments are Bayn, a new coastal community in Ghantoot between Abu Dhabi and Dubai, and Madinat Al Ward, a major residential city in Baghdad’s Al Nahrawan district.

Bayn will span 4.8 million square meters and feature seven kilometers of waterfront, with more than half the site dedicated to open spaces, waterways, and amenities. Plans include a marina, lagoon, 1.2-kilometer beach, and a 100,000 square meter sports club, positioning the project as a model for sustainable coastal living in the UAE.

Madinat Al Ward will cover 62 million square meters and is set to deliver around 120,000 homes over 24 years. The first phase, valued at approximately USD 10 billion, will take eight years and include a five million square meter public park, marking one of the largest green spaces in Iraq’s housing sector.

ORA said both projects emphasize sustainable development, advanced digital infrastructure, and well-being, aligning with its goal of creating communities that integrate environmental stewardship with long-term growth.