Construction & Real Estate

Construction & Real Estate

ALAIN breaks ground on Four Seasons Private Residences Abu Dhabi

Wed, 13 May 2026

ALAIN, a leading Abu Dhabi-based asset management company, has commenced construction of Four Seasons Private Residences Abu Dhabi at Saadiyat Beach, marking a key milestone in the delivery of the capital’s most prestigious beachfront residential offering.

Construction & Real Estate

Union Properties accelerates growth in Q1, revenue rises 66%

Wed, 13 May 2026

Union Properties has delivered a strong start to 2026, reporting solid revenue growth and improved profitability in the first quarter, as the company advances into a new phase of accelerated growth.

Construction & Real Estate

HITEK AI to offer sustainability & ESG consultancy in Saudi Arabia

Wed, 13 May 2026

HITEK AI, a pioneering leader in advanced digital facility management solutions, part of the Farnek group of companies, has added sustainability and ESG consultancy services, to its market proposition in Saudi Arabia.

Construction & Real Estate

Riyadh’s Quality Valley PPP project attracts interest from 59 companies

Wed, 13 May 2026

Saudi Arabia’s National Center for Privatization and PPP said 59 companies have submitted expressions of interest for the Quality Valley Riyadh Project, a urban development initiative that includes the development of the SASO headquarters site.

Construction & Real Estate

Dubai records $37.9bn real estate transactions in Q1

Wed, 13 May 2026

Dubai recorded 44,400 real estate transactions with a combined value of AED139.2 billion ($37.9 billion) during the first quarter of this year, according to a transaction analysis conducted by Whitewill, an international luxury real estate agency.

Construction & Real Estate

Bahrain issues public tender for strategic highway project

Wed, 13 May 2026

A major multi-million dinar upgrade of one of Bahrain’s busiest transport corridors – Shaikh Jaber Al Ahmed Al Sabah Highway – has entered the tender stage after royal ratification of its financing agreement.

Construction & Real Estate

Aldar, Abu Dhabi department to develop five communities covering 20m sq m

Wed, 13 May 2026

Aldar and the Department of Municipalities and Transport (DMT) have announced a landmark public-private partnership to deliver new integrated communities spanning more than 20 million square metres across five strategic locations in Abu Dhabi.

Construction & Real Estate

Kaiterra opens Dubai hub to serve regional GenNext buildings

Tue, 12 May 2026

Kaiterra, a global leader in indoor air quality monitoring and optimisation for commercial real estate, has announced the opening of its new regional hub in Dubai. It is the first of several Kaiterra offices planned across the Gulf, as regional demand continues to accelerate.

Construction & Real Estate

DEWA posts record revenue of $1.76bn for first quarter

Tue, 12 May 2026

Dubai Electricity and Water Authority (DEWA), the emirate of Dubai’s exclusive electricity and water services provider, has reported a record revenue of AED6.45 billion ($1.76 billion) for the first quarter of this year.

Construction & Real Estate

Retal lands contract for $830m residential community in Sultan Haitham City

Tue, 12 May 2026

Leading Saudi developer Retal has secured a key contract from Oman for the development of an integrated residential community on a 1.3 million sq m area within Sultan Haitham City in Muscat. A $830 million project, it will boast over 2,000 residential units as well as other key amenities.