Leading UAE developer Aldar has announced the launch of the first phase of Yas Park Place, a new garden-led living concept in the heart of Yas Island in Abu Dhabi, featuring six architecturally-refined mid-rise buildings offering a collection of studios and one- to three-bed residences as well as two-bedroom duplexes.
Saudi master-developer Red Sea Global (RSG) has signed an agreement with the Ministry of Interior that will see the duo collaborate to align security frameworks, assess requirements as well as provide robust, future-ready security frameworks across RSG’s premium destinations.
Heavy Engineering Industries & Shipbuilding Company (Heisco) has announced that it has secured a key contract worth KD174.2 million ($563 million) from Kuwait Oil Company (KOC) for the construction of flowlines as well as other associated works at its project site in Kuwait.
Bahrain's Electricity and Water Authority (EWA) has announced that three utility firms are vying for the contract to develop 400kV and 220kV feeder cable works as part of the New Sitra Grid Substation project. The scope of work includes design, manufacture, supply, installation, testing and commissioning of the feeder cables.
AtkinsRéalis has appointed David Kilgour as Client Development Director, Buildings & Places, Abu Dhabi, reinforcing its focus on accelerating growth in one of the region’s most strategic markets. An industry veteran, David brings nearly 30 years of experience across development, design and construction to this new role.
Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, has announced a strategic partnership with Sobha Realty, a leading luxury real-estate brand globally, to provide integrated home financing solutions for buyers of the premium luxury developer’s off-plan residential developments across Dubai.
The prime UAE real estate markets of Dubai and Abu Dhabi have reported strong demand for ultra-luxury residential properties, thus reflecting growing investor confidence and an increasingly selective market where capital is concentrating in key locations and credible developments, said an industry expert.
Dubai Properties has awarded contracts worth nearly AED1.1 billion ($299 million) to Metac General Contracting for the construction of 850 townhouses at Villanova within the Dubailand community. The contract covers the first two phases of La Tilia, comprising 500 three- and 350 four-bedroom homes.
Damac Properties has launched the final collection of residential units at the Damac District, introducing 600 studio and one-bedroom apartments. A key mixed use community in Dubai, Damac District offers an integrated live-work-play environment with retail, wellness, and workplaces located within proximity.
UAE developer Elevate has announced that it has awarded the piling and foundation works package for its premium development in Ras Al Khaimah - Mondrian Al Marjan Island Beach Residences - being set up at a total investment of AED1.8 billion ($490 million).
