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Sobha Realty posts record $6.26bn sales in 2024Sobha Realty, a leading global luxury real estate developer, posted record 2024 sales of AED23 billion ($6.26 billion), underscoring the growing demand for its luxurious developments, the company said. Of the total sales, AED5 billion came from Sobha Sin More… |
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Red Sea unit signs MEP deal with Alec for iLMi projectRed Sea International Company has announced that its subsidiary The Fundamental Installation for Electric Work Company has recently signed a contract with ALEC Saudi Arabia Engineering and Contracting to execute mechanical, electrical, and plumbing (MEP) works at iLMi Science Discovery More… |
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Property Finder appoints new Group Chief Financial OfficerProperty Finder, a leading property portal in the MENA region, has appointed Jamie O’Mahony as Group Chief Financial Officer (CFO). O’Mahony brings extensive international tech and marketplace expertise to the role and a proven track record i More… |
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PIF unit sarcc acquires Al Nakhla Residential Resort in $666m dealSmart Accommodation for Residential Complexes Company (sarcc), a PIF company, has achieved a significant milestone with the acquisition of Al Nakhla Residential Resort in Riyadh for SR2.5 billion ($666.28 million). This pivotal deal reflects sarcc’s alig More… |
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Currie & Brown to oversee Mered’s Iconic Residences executionMered, an international real estate developer, has announced Currie & Brown, a leader in project management, cost management, and advisory services, as the cost management consultant for its flagship project – Iconic Residences Design by Pininfarina. More… |
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Deal to power Abu Dhabi service stations with solar energyAdnoc Distribution, the UAE’s largest mobility and convenience retailer, on Tuesday launched the second phase of its service station solarisation programme covering Abu Dhabi, in collaboration with Emerge, a joint venture between Masdar and the EDF Group. More… |
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Adnoc Gas signs $10bn gas deal with EWECAdnoc Gas has signed a $10 billion 10-year flexible natural gas sales and purchase agreement with Emirates Water and Electricity Company (EWEC) to support the UAE's energy transformation, marking a significant strategic partnership. The strategic partnersh More… |
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Reynaers Middle East showcases innovative solutions at BAU 2025Reynaers Middle East, a leading provider of sustainable aluminium solutions, has concluded its participation in BAU 2025, the world’s leading trade fair for architecture, materials, and systems. The event took place from January 13 to 17 in Munich, Germany. More… |
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Valores set to launch $163m projects in Q1Valores Property Development, a rising star in the UAE’s real estate sector, has announced plans to launch AED600 million ($163.35 million) worth of projects across prime Dubai locations in 2025 following the success of its debut development, Valores Residences in Al Furjan. More… |
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Eagle Hills Group plans $12bn Grand Budapest projectThe UAE-based Eagle Hills Group has announced that it has signed a real estate purchase agreement for the land on which a mixed-use real estate development, the Grand Budapest project, will be built at a development cost of over €12 billion ($12.4 billion). More… |
