Leading Saudi developer Rikaz said its consortium comprising Aljada First Development and AlMajdiah Real Estate has been awarded a key contract to develop East Hindawiyah, a SAR2 billion ($533 million) mixed-use project coming up near the Grand Mosque in Makkah.
As markets await greater clarity on the direction of US-Iran talks, two constituencies are watching closely - Global investors, where a deal means lower oil prices and renewed momentum, and Dubai's real estate, where restoration of transactional confidence would back normalisation of market activity, said an expert.
AD Ports Group has announced that it has acquired Brazil’s leading independent agri-bulk port terminal operator Corredor Logística e Infraestrutura (CLI) at an enterprise value of AED3.1 billion ($835 million). This CLI deal gives AD Ports Group an entry point into Latin America.
EXP Arabia, a joint venture between global engineering, architecture, design and consulting firm EXP and leading Saudi conglomerate Al Suwaiket Group, has joined Red Sea Global in celebrating the completion of Adrena, a new adventure and entertainment district within The Red Sea destination.
Abu Dhabi has imposed a temporary freeze on rents across the emirate, barring landlords from increasing lease rates for residential, commercial and industrial properties until further notice, in a move expected to provide relief to tenants amid heightened regional uncertainty.
Red Sea Global, the Saudi developer behind the key tourism destinations The Red Sea and Amaala, said it has secured an independent third-party verification from DNV confirming that the company avoided 117,879 tonnes of carbon dioxide (tCO₂e) in 2024 through its renewable energy operations.
Sharafi Group Investments, the century-old Emirati family-owned conglomerate with diversified interests spanning hospitality, properties, facilities management, contracting, and consulting, has officially launched Marea Residences, a boutique luxury waterfront development located on Dubai Islands.
UAE-based Shamal Holding has announced that new assets across its Dubai Harbour and Al Sufouh portfolios have received building completion certificates and are now operational. The latest asset to come online is a multi-storey car park spanning a 31,487 sq m area.
The Sharjah Investment and Development Authority (Shurooq) has signed an agreement with Afhad Holding to activate a 15,095-sq-m plot in Kshisha into a new retail destination, marking a key step in expanding commercial infrastructure across emirate's growing residential districts.
UAE-based developer DHG Properties has announced that it has begun work on Helvetia Marine, a premium waterfront residential development on Dubai Islands. Set for handover in Q1 2028, it features a curated mix of one- to three-bedroom apartments along with a range of premium amenities.
