Leading Abu Dhabi developer Aldar Group has recorded strong financial and operational results for the first quarter with a 20% jump in its net profit which rose to AED2.3 billion ($626 million), driven by the realisation of development revenue backlog which hit AED72.1 billion ($19.6 billion).
Siemon, a global leader in high‑performance network infrastructure solutions for data centers and smart buildings, has released its 2026 Environmental, Social and Governance (ESG) report, highlighting progress on climate targets and expanded use of renewable energy and focus on transparency.
UAE-based Durar Group has appointed Ali & Sons as the main contractor for its flagship branded residential development - Moonstone Interiors by Missoni - on Al Marjan Island in Ras Al Khaimah. A premium development, it features 226 sea-facing residences along with key amenities.
Azizi Developments has announced that construction across the first 14 buildings released at Azizi Venice, its mixed-use community in Dubai South, has reached 39% completion. Azizi Venice will boast over 36,000 residential units across 100+ apartment complexes and 109 ultra-luxury mansions.
UAE-based Alef Group has awarded construction contracts worth AED750 million ($204 million), marking the commencement of the final phase of its flagship Hayyan development in Sharjah. The Samr 1, Samr 2, and Deem residential clusters feature more than 700 residential units.
Dubai’s real estate market recorded over AED180 billion ($49 billion) in residential and commercial sales during the first three months of the year, supported by a surge in ultra-luxury property transactions and sustained demand across both sectors, according to a market report.
Johnson Controls, a global technology leader energy efficiency, decarbonisation, thermal management and mission-critical performance, has announced the launch of Balanced Cooling, a purpose-built solution for buildings connected to centralised cooling systems in the UAE.
Abu Dhabi authorities have announced that steady progress is being made on the Al Ain Residential Project featuring five housing complexes that, on completion, will boast a total of 10,316 villas for citizens, designed to the highest standards of sustainability and quality.
Oman's Public Authority for Special Economic Zones and Free Zones has signed RO200 million ($519 million) agreements to establish a portfolio of industrial projects across its free zones, supporting its push to build an export-oriented industrial base spanning steel, construction and industrial products, said a report.
Emirates Water and Electricity Company (Ewec) has announced the extension of its clean energy partnership with Mediclinic, the first healthcare institution in Abu Dhabi to decarbonise their operations. The deal ensures all Mediclinic’s hospitals will be powered by clean electricity, verified using CECs issued by Abu Dhabi.
