Binghatti Developers and Mercedes-Benz have announced plans to jointly set up a multi-tower branded city in Dubai at a total investment of AED30 billion ($8.2 billion) featuring luxury residences, leisure districts, retail boulevards, wellness and dining outlets.
Metito Utilities has announced that its consortium - with key partners Etihad Water and Electricity (EtihadWE), and SkyBridge - has secured the contract for the development of the Hadda Independent Sewage Treatment Plant (ISTP) project in the Makkah Province.
Garbe Industrial, a leading developer of logistics and light industrial real estate in Germany, has joined hands with Saudi group ARTAR to set up a landmark venture that will focus on delivering premium-grade warehouses and distribution centres across the kingdom.
Oman's Public Establishment for Industrial Estates (Madayn) has begun work on a multi-storey parking project featuring modern office and service spaces at the Knowledge Oasis Muscat (KOM). It is being developed by Oman National Engineering and Investment Company.
Empire Developments has broken ground on its new residential project - Empire Lake Views - in Dubai. Strategically located between Dubai Silicon Oasis and Academic City, the luxury tower will rise across 31 floors and feature 634 apartments along with key amenities.
The Abu Dhabi Equestrian Club has announced the launch of Al Khail Square, an integrated development project featuring advanced equestrian facilities, premium residential units, modern healthcare amenities as well as a variety of retail and commercial spaces.
Saudi Water Partnership Company (SWPC) has announced that more than 60 leading developers have prequalifed for the second edition of its upcoming Independent Water Projects (IWP) and Independent Sewage Treatment Plant (ISTP) projects in the kingdom.
Th8 Palm Dubai Beach Resort has announced the opening of Pure by Serenity, an intimate, cocoon-like retreat within the development. The spa features three tranquil treatment rooms, including two double treatment rooms ideal for shared experiences.
Global real estate expert Jones Lang LaSalle (JLL) has announced that it has reached an agreement with Saudi Arabia's sovereign wealth fund PIF to acquire a significant stake in its company - Saudi Facility Management Company (FMTECH).
Abu Dhabi-based Mubadala Investment Company and Barings, one of the world’s top investment managers, have entered into a $500 million global real estate debt partnership. The new JV will focus on investing in subordinated loans across real estate asset classes.
