What Ora Developers does

Ora Developers is a privately held luxury real estate and hospitality developer founded in 2016 by Egyptian billionaire Naguib Sawiris, operating as a subsidiary of Orascom Investment Holding. The company develops integrated master-planned residential communities and luxury resorts across seven countries — Egypt, Cyprus, Pakistan, Grenada, UAE, Iraq and Greece — with a stated portfolio value of $45 billion. Its product portfolio spans 10 property developments (including ZED El Sheikh Zayed, ZED East, Silversands North Coast, Solana, Pyramid Hills, Ayia Napa Marina, Eighteen, Silversands Villas, BAYN and Madinat Al Ward) and 4 hospitality assets (Silversands Grand Anse, Silversands Beach House, Merveilles and the Mykonos resort). Core technical content includes sustainable and smart-city infrastructure, championship golf courses, large marinas and waterfront masterplans, with projects ranging from 41 feddan boutique developments (Ayia Napa Marina) to mega-cities of 61 million sqm (Madinat Al Ward).

Revenue is generated through one-time luxury property sales (villas, apartments, townhouses and penthouses) and recurring hospitality income from hotel, F&B and entertainment operations, supplemented by project-specific debt financing facilities (e.g., $30M from Afreximbank, EUR 111.7M from Piraeus Bank). Go-to-market is enterprise-style field sales targeting high-net-worth individuals, institutional buyers and government partners, with showrooms in Abu Dhabi and Dubai and participation in international events such as the Luxury Property Showcase in Shanghai. The customer base spans HNW individuals (primary), government entities (Iraq Ministry of Housing for Madinat Al Ward), and luxury travelers. Pricing is quote-based and not publicly disclosed. The company is currently expanding geographically with active UAE land-bank doubling, Iraq mega-project delivery, and a new AI-driven mortgage partnership with fintech Yubi covering 25+ UAE banks.

Name

Ora Developers

Legal name

ORA Developers

Website

https://oradevelopers.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Ora Developers is a privately held luxury real estate and hospitality developer, controlled by Naguib Sawiris via Orascom Investment Holding, building master-planned residential communities and resorts across seven countries for high-net-worth individuals, government partners, and luxury travelers.

Ownership category

akta.pro rank

Product category

Luxury Real Estate Development

NAICS

Lessors of Real Estate (5311), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Lessors of Other Real Estate Property (531190)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Real Estate Operators (No Developers) & Lessors (6510)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industries

Luxury Villas & Residences Resorts (THAGACAM), Resort-Area Full-Service Hotels (Non–All-Inclusive) (THAGAAAD), Luxury Vacation Homes & Residences (THAMAEAB), Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE)

Keywords

• Luxury real estate development
• Master-planned communities
• Luxury hospitality resorts
• Coastal property developments
• High-end residential projects

Headquarters

HQ city

Amsterdam

HQ country

Netherlands

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Luxury Residential Property Sales: ORA Developers generates primary revenue through the sale of luxury residential properties including villas, apartments, townhouses, and penthouses across its global portfolio of developments.
2. Hospitality Operations: Revenue from operating luxury hotels and resorts including Silversands Grand Anse, Silversands Beach House, Merveilles entertainment hub, and Mykonos hotel, generating income from accommodation, dining, and experiential services.
3. Project Financing Facilities: Access to capital through financing arrangements with financial institutions for development expansion, such as the $30 million facility with Afreximbank for Silversands Grand Anse expansion.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Ora Developers develops and sells luxury residential properties — including villas, apartments, townhouses, and penthouses — across master-planned communities in nine countries, and operates luxury hotels, resorts, and entertainment venues under its ORA Properties and ORA Hospitality sub-brands. Revenue is generated primarily through one-time unit sales and recurring hospitality operations.

Product overview

ORA Developers is a global real estate developer offering luxury lifestyle destinations across seven countries. The portfolio consists of two main segments: Property Developments (10 projects) and Hospitality (4 properties). Property developments include residential master-planned communities in Egypt (ZED ElSheikh Zayed, ZED East, Silversands North Coast, Solana, Pyramid Hills), Cyprus (Ayia Napa Marina), Pakistan (Eighteen), UAE (BAYN), and Iraq (Madinat Al Ward). Hospitality offerings include luxury resorts and boutique hotels in Grenada (Silversands Grand Anse, Silversands Beach House, Merveilles) and Greece (Mykonos). The company operates under a diversified brand structure combining ORA Properties and ORA Hospitality sub-brands, with total portfolio valued at $45 billion across coastal developments in UAE, Cyprus, and Grenada.

Differentiator

Problem solved

Functional benefit

Brands

• ORA Properties: Luxury real estate developments including residential, commercial, and mixed-use properties across multiple countries.
• ORA Hospitality

Products and services

• ZED El Sheikh Zayed Luxury residential development in El Sheikh Zayed city, Western Cairo, featuring 4,700 apartments, retail and office space surrounding ZED Park, targeting affluent residential buyers.
• ZED East Residential-led community in New Cairo, Egypt spanning 1,396,000 SQM, featuring 965 villas/townhouses and 6,368 residential units, sports academy, cinema, retail, and office spaces.
• Silversands North Coast Luxury coastal hospitality destination on Egypt's North Coast spanning 2,112,600 SQM, featuring 1,740 chalets and apartments, 1,320 villas, twin and townhouses, 2 hotels, 4 clubhouses, 80,000 SQM swimmable lagoons, and over 1 kilometer of beachfront.
• Solana Residential development in New Zayed area, Egypt spanning 1,327,981 SQM, featuring 870 villas/townhouses and 1,300 apartments with football club, club house, electric charging units, bike lanes, spa, and entertainment centers.
• Pyramid Hills Residential development overlooking the Giza Pyramids with 360-degree views of Cairo, spanning 391,860 SQM with 93 villas and 82 twin and townhouses, clubhouse, outdoor gym, and green wall amenities.
• Ayia Napa Marina Mixed-use luxury marina development on Cyprus southeastern coast spanning 172,484 SQM, with 220 apartments, 35 luxury villas, 2 residential towers (28 floors each), 4,000+ SQM F&B and retail space, and a 600-berth superyacht marina.
• Eighteen Multi-million-dollar flagship luxury development in Islamabad, Pakistan spanning 2,410,800 SQM, featuring 1,327 villas, 1,850 apartments, 18-hole championship golf course, The Club, The Square, The Core, The Clinic, and The Resort.
• Silversands Villas Luxury beachfront villas in Grenada spanning 58,800 SQM, featuring 4 beachfront 4-bedroom villas and 4 hillside 3-bedroom villas, wellness center, spa, fine dining, 100m infinity pool, and 2 miles of beach access.
• BAYN ORA's first UAE footprint — upscale sustainable coastal city of the future in Ghantoot, total area 4.8 million SQM with multiple-nuclei urban design including residential, leisure, and commercial spaces, 5-star hotel, shopping mall, waterpark, and sports courts.
• Madinat Al Ward Baghdad's largest residential city development in Iraq spanning 61 million SQM, offering 120,000 residential units with a 5 million SQM mega public park, business complex, community centers, and smart city infrastructure.
• Silversands Grand Anse
• Silversands Beach House Small luxury boutique hotel on Portici Beach, Grenada, with 30 uniquely designed rooms including 23 hilltop tents and 5 beachfront tents, plus Baldachino restaurant and Velarium spa.
• Merveilles Entertainment hub development in Port Louis, Grenada spanning 3,500 SQM, featuring main restaurant and day club, outdoor pool, bar, café, retail shops, duty-free shopping, and yacht club.
• Mykonos (Yi Hotel Mykonos & Silversands Mykonos) Luxury resort development in Mykonos, Greece spanning 42,000 SQM with Cycladic-inspired architecture, 88 guestrooms and free-standing villas, 6 unique resort pools, floating rock bar, 900 SQM oasis spa, and design rooted in Myconian aesthetics connected to the Aegean Sea.

Quantifiable outcome

• AED 2.7 billion in residential sales recorded for BAYN flagship project in 2025
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature3 records

Partnerships

Five partnerships are on record, tiered core and strategic.

• Modon HoldingcoreStrategic or Co-development Partner · 16 April 2026ORA Developers acquired 4.8 million sqm of land from Modon Holding in Ghantoot, doubling its UAE land bank to 9.6 million sqm. The strategic land parcel is located between Dubai and Abu Dhabi with direct access to Sheikh Maktoum Bin Rashid Road.
• YubistrategicTechnology or Integration · 5 February 2026ORA Developers partnered with fintech unicorn Yubi to launch an AI-driven mortgage platform enabling buyers to receive and compare competitive mortgage proposals from over 25 leading UAE banks through a single application process. Mohamed Sheta, Group CFO of ORA Developers, and Gaurav Kumar, CEO of Yubi Group, signed the partnership agreement.
• Gerasimos CaramondanisstrategicStrategic or Co-development Partner · 1 January 2013Naguib Sawiris and Gerasimos Caramondanis joined forces in 2013 with shared vision to make Ayia Napa Marina the destination of choice for boaters, residents and guests. Caramondanis serves as CEO of Ayia Napa Marina.
• Saif GroupcoreStrategic or Co-development PartnerEighteen is a multi-million-dollar flagship luxury development backed by ORA Developers, Saif Group and Kohistan builders & developers, creating a vision of international living in Pakistan.
• Kohistan Builders & DeveloperscoreStrategic or Co-development PartnerEighteen is a multi-million-dollar flagship luxury development backed by ORA Developers, Saif Group and Kohistan builders & developers, creating a vision of international living in Pakistan.

Scale indicators8 records

Recent moves9 records

Expansion highlights7 records

Direct peers

• Aldar Properties: UAE-listed developer operating luxury residential and mixed-use masterplans (e.g., Saadiyat, Yas, Aljurf). Direct peer as a competing Abu Dhabi luxury developer now active along the Dubai-Abu Dhabi corridor where ORA's BAYN sits.
• SODIC: Egyptian-listed developer of upscale residential and mixed-use communities (e.g., Beverly Hills, Villette, Caesar). Direct local peer competing in Cairo/Western-desert submarkets overlapping with ORA's ZED, Solana, and Pyramid Hills.
• Emaar Properties: UAE-based master developer of luxury, large-scale communities (e.g., Downtown Dubai, Dubai Hills). Direct peer given ORA's BAYN flagship in Ghantoot mirrors Emaar's master-planned community model targeting HNW buyers.
• Select Group: Dubai-based luxury real estate developer active in branded residences and marinas. Comparable to ORA's Ayia Napa Marina and BAYN coastal community concepts targeting premium UAE/Cyprus buyers.
• Damac Properties: Dubai-listed developer focused on branded luxury residences and master-planned communities for HNW buyers across MENA and UK. Comparable in go-to-market (luxury branded product), buyer profile, and target geographies.
• Palm Hills Developments: Egyptian-listed developer of integrated luxury residential, hospitality, and golf-course communities in Egypt and beyond. Overlaps with ORA Egypt's villa-and-clubhouse model and broader MENA ambitions.
• Bahria Town: Pakistan's largest private-sector developer of gated master-planned communities (including Bahria Golf City). Direct peer to ORA's Eighteen flagship in Islamabad with overlapping buyer segments and amenity-led positioning.

Broad incumbents

• Meraas: Dubai Holding's mixed-use developer behind City Walk, La Mer, Bluewaters, and Nikki Beach residences. Comparable on mixed-use luxury community model across UAE coastal/urban districts.
• Kerzner International: Operator of ultra-luxury Atlantis, One&Only, and SIRO resorts with integrated branded residences. Comparable to ORA Hospitality's Silversands Grand Anse and Mykonos assets on luxury hospitality-plus-residences model.
• Nakheel: Dubai-based master developer (Palm Jumeirah, The World Islands, Jumeirah Islands). Adjacent as a large UAE incumbent in coastal, master-planned, luxury-branded communities competing for similar HNW demand.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/OraDevelopers
• YouTubeyoutube.com/@oradevelopers
• Facebookfacebook.com/OraDevelopers1
• LinkedInlinkedin.com/company/oradevelopers
• Instagraminstagram.com/oradevelopers
• TikToktiktok.com/@oradevelopers

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ora Developers