Meraas, a member of Dubai Holding Real Estate, has awarded AED2.4 billion ($653.51 million) in main construction contracts for new phases of its flagship villa developments, The Acres and The Acres Estates, in Dubailand.
Dubai Electricity and Water Authority (Dewa) has announced that it has set a new world record for the lowest electricity customer minutes lost (CML), at just 0.82 minutes (about 49 seconds) per year. With this, the Dubai utility has surpassed its own previous world record of 0.94 minutes in 2024.
Saudi developer Umm Al Qura has announced that it has signed an agreement with global hospitality major Kempinski Group to operate its first branded residences within its Masar Destination in Makkah. The Kempinski Residences features 302 residential units of varying sizes along with integrated amenities.
Emirates Stallions Group, a leading UAE conglomerate operating across construction and real estate sectors, has delivered double-digit growth across key financial indicators. Its revenue for the three-month period hit AED370 million ($100 million), while its net profit recorded a 29% growth.
Diyar Al Muharraq, a leading real estate development company in Bahrain, has announced the release of its premium residential seafront plots within its Mozoon development. This exclusive selection features 13 plots, meticulously positioned to offer direct and breathtaking views of the Main Canal.
Qatar-based Msheireb Properties has signed an agreement with Meeza to introduce its AI digital companion across its key development in a significant boost to its smart city capabilities. Developed by Hewlett Packard, the AI solution is being deployed across 15 smart kiosks throughout Msheireb Downtown Doha.
Leading Abu Dhabi developer Modon has announced the complete sell-out of Tara Park, a residential development on Reem Island, with the project generating AED2 billion ($544 million) in sales. It comprises six residential towers with 834 apartments across one-, two-, and three-bedroom layouts.
Dubai Investments said its real estate subsidiary Dubai Investment Real Estate (DIR) has achieved a major milestone at its flagship Danah Bay development on Al Marjan Island, Ras Al Khaimah, by clocking 2 million safe working man-hours without a Lost Time Injury (LTI) across the residential and hotel towers.
Majority of construction professionals (58%) believe AI could help reduce workload across their two biggest challenges - keeping projects on schedule and managing mid-project changes - while 65% believe AI could streamline their biggest administrative time drains, according to a new study.
Abu Dhabi-based asset management company ALAIN has officially begun work on the debut Vida-branded residences in the UAE capital. On completion, the Vida Residences Saadiyat Island will feature 121 fully furnished one-, two- and three-bedroom residences along with key amenities.
