The Indian Hotels Company Limited (IHCL) and Kingdom Projects have announced a $100 million investment in Bahrain to introduce three developments: the Taj hotel brand’s debut in the Kingdom, Bombay Brasserie and Hamleys, expanding the country’s hospitality, dining and retail offering.
Bahrain-based technology group Beyon is expanding its renewable energy capacity, with a third data centre set to be powered entirely by clean energy following the completion of the 14,000-sq-m fifth phase of its solar park programme being implemented in partnership with Almoayyed Solar.
DMCC, an international free zone and master developer of Uptown Dubai, has signed up Waitrose as the anchor retailer at Uptown Place. The premium supermarket brand will open a 5,000-sq-ft store, serving as a core lifestyle amenity for the district’s commercial tenants, residents, and visitors.
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.
