The total value of rental contracts in Dubai during Q1 2026 reached AED32.2 billion ($8.77 billion), reflecting a sustained pace of activity, according to data from the Dubai Land Department.
Oman Tourism Development Company (Omran) has invited qualified specialised and experienced contractors to submit bids for the design and construction of the main building and associated facilities for the Majlis Al Jinn Cave Development Project.
The National Bank of Bahrain (NBB) has announced a strategic collaboration with the Bank of London and The Middle East (BLME), a sharia-compliant bank in UK, to provide tailored UK property finance solutions to NBB’s eligible high net worth clientele.
Dubai-based Tiger Properties is gearing up for the official handover of its premium project - Sesilia Tower - located in Jumeirah Village Triangle (JVT). A 37-storey residential building, Sesilia features 360 apartments with a mix of studios, one-and two-bedroom units as well as other key amenities.
Dubai’s Roads and Transport Authority (RTA) has announced that it has completed the development work on Hessa Street - extending from Sheikh Zayed Road to Al Khail Road - over a 4.5-km-long stretch. The project involved widening the street, along with the bridges at some of its key intersections.
Saudi Energy said it has signed a SAR11.5 billion ($3.1 billion) agreement with Saudi Power Procurement Company (SPPC) for the Rabigh 2 IPP project located in Makkah province, which on completion will boast a large-scale CCGT power plant with 2,313.5 MW generation capacity.
Kuwait Financial Centre (Markaz) has announced that the Al Nada Tower, a key residential building owned by its real estate fund MREF, has achieved LEED Gold certification. This comes as part of its broader strategy to strengthen sustainability and operational frameworks across its real estate portfolio.
ACICO Group, a full-service, multi-sector construction group based in Kuwait, said it has returned to profitability with a KD2.9 million ($9.4 million) net profit in 2025 compared with a net loss of KD11.2 million ($36.2 million) a year earlier, reflecting progress in its restructuring plan.
Dahbashi Engineering, a leading provider of after parts for heavy machinery and energy solutions, has announced its transition to on-grid solar power at its headquarters in Dubai Industrial City, thus underscoring its commitment to sustainable growth and regional energy efficiency goals.
Modon, a premier Abu Dhabi-based real estate developer and urban planner, has released the final phase of its Tara Park residential project on Al Reem Island. A freehold development, the project features six residential towers connected by a shared podium that will deliver a total of 834 apartments.
