UAE-based Azizi Developments has finalised the acquisition of a massive fleet of machinery, industrial equipment and operational assets valued at AED2.1 billion ($571 million). The sweeping procurement covers thousands of assets distributed across the company's primary operating entities.
Leading UAE real estate developer Mered has announced the launch of its prime project - Riviera Residences Phase 2 - on Al Reem Island, comprising 389 apartments, eight Bay Villas, six Sky Villas and a penthouse. Work is set to kick off by the end of this year, advancing the wider waterfront development alongside Riviera Residences 1.
Qube Development, a key real estate developer in the UAE, has officially launched Sawa Residences in Meydan Horizon within MBR City in Dubai, featuring a mix of one-, two-, and three-bedroom apartments along with key lifestyle amenities. Residents will have immediate access to 2 km of crystal lagoons alongside a 4 km landscaped promenade.
Elevate, a key lifestyle real estate brand, has announced the launch of Mondrian Beach Villa on Al Marjan Island in Ras Al Khaimah, thus bringing the final available residence in The Edit Collection to market. The five-bedroom unit is part of Mondrian Al Marjan Island Beach Residences, that offers seamless indoor-outdoor living.
Alya, a new institutional platform for premium residential developments across the GCC, has established its regional headquarters in Dubai International Financial Centre (DIFC).
Jeddah Tower, Saudi Arabia’s landmark mixed-use tower, has achieved a major construction milestone reaching level 120 (approximately 482m) as it advances towards becoming the tallest building in the world. Work is in full swing with over 322,000 cu m of concrete poured and more than 3,900 facade panels installed.
Batelco by Beyon has signed an agreement with Bareeq Al Retaj Real Estate Services, establishing Batelco as a strategic technology partner across the real estate developer’s current and future developments in Bahrain.
Ducab Group, a leading UAE-based manufacturer of cable and metals solutions, is showcasing its advanced high-voltage solutions and specialised technologies at ADIPEC 2026, demonstrating how domestic manufacturing and resilient supply chains serve as an essential foundation for regional energy security.
Cityscape Qatar, a leading real estate event in the region, wrapped up this year’s edition with QR1 billion ($269 million) in real estate sales, double the previous year’s total, bringing together investment opportunities and showcasing the priorities shaping the future of its communities, said the event organisers.
Bahrain's national carrier Gulf Air has signed an investment and transaction advisory framework with Edamah, under which the kingdom's real estate investment company will advise the flag carrier on the valuation and strategic options for its real estate holdings outside the country.
