ORA Developers has marked noteworthy progress on Bayn, its flagship coastal community in Ghantoot, by starting to enable works on the 4.8-million-square-metre development and opening new sales centers in Abu Dhabi and Dubai.

ORA Developers awarded an AED 142 million enabling works contract to NMDC. This marks the construction commencement and enables ORA to progress toward vertical construction for Phase 1 scheduled to begin in the second quarter of 2026. At peak activity, more than 5,000 professionals and workers are expected to be on site, reflecting the scale of the project.

Alongside construction progress, ORA Developers has opened Signature showrooms in Al Qana in Abu Dhabi and Jumeirah in Dubai. Designed with clear visitor journeys and defined zones, these showrooms allow guests to explore Bayn’s design language, masterplan, and lifestyle vision through a curated and engaging presentation. Reflecting ORA’s human-centric philosophy, the spaces provide an elevated experience that introduces the essence and character of Bayn without relying solely on traditional renders or static displays.

Amr Abdel Moneim, Chief Technical Officer at ORA Developers, said: “Breaking ground marks a significant milestone that brings Bayn closer to reality. It follows a comprehensive period of planning, design development, and site investigations that ensured we began construction on solid foundations. Awarding the enabling works contract to NMDC provides us with the technical expertise and disciplined delivery needed as we move toward vertical construction. Our new Signature showrooms in Abu Dhabi and Dubai introduce customers to Bayn’s design and vision through a clear, curated experience that reflects the project’s character and ORA’s human-centric philosophy.”

Phase 1 includes approximately 805 villas and townhouses, offering 10 distinct typologies, with a selection of 3-8 bedrooms residences spread across four gated clusters, and is planned to start delivery by December 2028.

Since its launch in May 2025, Bayn has established itself as one of the UAE’s most anticipated new coastal destinations. Strategically located between Dubai and Abu Dhabi, the project blends low-density residential living with resort-style amenities, a vibrant marina, sports facilities, and interconnected waterfront promenades.

Source of Fate (SOF), a high-end luxury real estate developer in the UAE, operating under the Wheel of Fate Group, recorded a substantial inflow in international investments for its flagship development Miraggio with 80 per cent of buyers from overseas. As a first-line seaside residential, located on Al Marjan Island, the project is gaining strong attention from global investors seeking long-term value in one of the UAE’s most promising coastal destinations.

The demand is led by investors from the United Kingdom, followed by Turkey, Poland, France, the United States, and India. With the launch of Miraggio Phase II, the developer has also introduced a competitive payment plan to enhance investor flexibility requiring 20 per cent on booking, allowing buyers to resell at this stage if needed; 40 per cent upon completion, with the option to split into a more flexible payment or loan plan; and the remaining 40 per cent spread over two years post-handover. This further contributes to the project’s appeal, with flexible and innovative payment structures currently shaping real estate decisions in the UAE.

Dr Majid Jack Hsiung, General Manager of Source of Fate, said: “Investor behaviour across the UAE is shifting, with decision-makers increasingly prioritising stability, elevated lifestyle offerings, and assets that deliver sustainable long-term value. Miraggio meets this demand with full sea views, elegant design, high-end amenities, competitive pricing, and a luxurious residential lifestyle. Additonally, our new structured payment plan further strengthens the project’s positioning and appeal among investors seeking practical flexibility, security and certainty, as it eases upfront financial pressure, improves cash flow management and supports long-term investment planning.”

According to the company’s reports, Miraggio’s sales are dominated by long-term investors seeking returns upon project completion, influenced by strategic factors such as Ras Al Khaimah’s expanding entertainment sector, the upcoming Wynn Al Marjan Island resort, growth in tourism, and an increase in company formations. The buyer profile shows a range of seasoned investors to first-time international entrants seeking to diversify their portfolios outside traditional markets.

Following the rapid success of Source of Fate’s previous project, Sunshine Bay, which sold out in just two months,  Miraggio continues to demonstrate the developer’s ability to deliver highly desirable waterfront projects that resonate with both regional and international investors.

Coastal developments featuring sustainable design, integrated lifestyle amenities, and flexible ownership options are increasingly capturing investor attention, reflecting evolving investor priorities and broader trends shaping the UAE luxury real estate sector. In Ras Al Khaimah’s evolving market, Source of Fate’s project, Miraggio, is poised to contribute to the emirate’s growth, offering a development that aligns closely with investor expectations while embodying the key trends driving the region’s luxury property market.

Dubai-born AVENEW Development is entering the branded residences space following a signed agreement with Marriott International to develop The St. Regis Residences at Dubai Islands. The upcoming project is designed for the modern connoisseur, reflecting the developer’s forward-thinking approach to residential living, where every detail, from interiors to communal experiences, is crafted to inspire connection, elevate lifestyle, and define what it means to truly come home.

AVENEW Development’s selection of Dubai Islands for this seafront living project highlights its in-depth knowledge and established presence within this transformative area. With other major projects located on the islands, AVENEW possesses a proven understanding of the location’s potential, infrastructure, and growing appeal to residents.

This know-how is crucial, ensuring the development is strategically positioned to capitalise on the benefits of the waterfront community, accessibility, and proximity to key facilities such as beachfront promenades and golf courses. The developer’s confidence in the sustained desirability of Dubai Islands underpins the scale and ambition of this latest residential offering.

Commenting on the signing and the strategic alignment of the project, Rasha Hassan, Managing Partner of AVENEW Development, stated: “We chose this project because its commitment to excellence mirrors our own. The St. Regis Residences at Dubai Islands, will be more than homes; they are spaces of comfort where the finest experiences are delivered flawlessly. This project redefines coastal residential living in the GCC, offering residents a lifestyle of celebration and elegance. With a privileged array of world-class amenities, the community will feel both exclusive and meticulously serviced. AVENEW Development was founded on a singular principle: to create homes that go beyond architecture, spaces crafted with intention and care.”

 Jaidev Menezes, Regional Vice President – Mixed-Use Development, EMEA at Marriott International shares, “We are thrilled to introduce The St. Regis Residences at Dubai Islands — a collaboration with AVENEW that brings distinctive design and the legendary St. Regis service to life.”

The Residences are optimally positioned to attract residents seeking a world-class living environment defined by structural quality, intentional design, and unparalleled service integration. It is about a lifestyle that has intuitive wellbeing at its core — designed to nurture connection, celebrate family, and offer every resident an effortless life of refinement. As AVENEW Development’s latest project, it embodies the company’s vision, demonstrating that a home should be cherished, not just inhabited.