Union Properties has announced another strong set of financial results for the second quarter and first half of 2026, marking an important milestone in the company's transformation from financial restructuring to sustainable growth.
Dubai's real estate market recorded 87,800 transactions worth AED291.7 billion ($79.4 billion) during the first half of 2026, with off-plan properties accounting for 71% of all transactions, a report said.
Saudi Arabia ranks first globally in the World Economic Forum's Road Connectivity Index, reflecting years of investment that have expanded the kingdom's road network to more than 73,000 km and improved connectivity across its cities and governorates.
Dubai Electricity and Water Authority (Dewa) has invested over AED10 billion ($2.72 billion) in power transmission network projects across the emirate, said its top official. The utility commissioned eight 132kV substations in H1 with a combined conversion capacity of 1,200MVA.
The future of urban development lies in building "sentient cities" that place residents at the centre of planning and decision-making, said experts at the World Governments Summit Organisation, calling for a shift from technology-driven urban planning to a more human-centred approach.
Emirates Water and Electricity Company (EWEC) has entered into a strategic partnership with Andaz Capital Gate Abu Dhabi, a five-star boutique lifestyle hotel from top hospitality group Hyatt, to power the property with clean energy, verified through Clean Energy Certificates.
Leading UAE developer Aldar has announced the launch of Canopies, the first residential community at Yas Point, a AED6 billion ($1.6 billion) waterfront destination on Yas Island's northern shore. It comprises 592 apartments across six mid-rise buildings, offering studios and one- to three-bedroom units.
UAE-based Alyakka Developers has begun handing over the units at Waha Living, its inaugural freehold residential development in Jumeirah Garden City in Dubai, featuring 71 residences with a mix of studios, one- and two-bedroom apartments along with private balconies.
Leading Chinese group Shanxi Installation Company has secured a contract worth RMB1.5 billion ($222 million) to provide engineering, procurement and construction (EPC) services for the 500MW Al Kamil I Solar Independent Power Project (IPP) in Oman.
Steady progress is being made on the Prince Mohammed Bin Salman Stadium, an architectural and engineering marvel coming up within Qiddiya City, the mega Saudi entertainment, culture and sports project located near Riyadh. With early foundation works under way, the stadium is expected to be completed in 2029.
