King Abdullah Financial District Development and Management Company said it has signed an agreement with Osool Integrated Real Estate Company that will see the duo work together to identify and execute potential investment opportunities across its portfolio of development projects.
The Royal Commission for AlUla (RCU) has approved the design of AlUla Manara, an astronomical discovery and astro-tourism hub coming up in the ancient Saudi city. The facility will feature an observatory, a world-class research centre, advanced telescopes and observation platforms for stargazing.
Saudi Arabia has signed a series of housing, construction and technology agreements worth SAR1.9 billion ($507 million) with Chinese partners, including China State Construction Engineering, as the kingdom deepens cooperation with China in support of its Vision 2030 transformation programme.
Ellington Properties, a leading design-led real estate group, has announced the launch of its newest residential development, Everly Place, located at Meydan Horizon in Dubai featuring 209 residences across a curated mix of one - to three-bedroom apartments overlooking the crystal lagoon.
Dar Global, the London-listed developer, has awarded the design-and-build contract for its Rayana community at Wadi Safar located within the mega Saudi development Diriyah. The scope of work includes delivery of primary infrastructure including the earthworks, roads and utility networks.
Modon Holding, an Abu Dhabi-based company with key interests in real estate, hospitality and tourism sectors, said it aims to develop premium infrastructure projects in Al Dhafra Region of the emirate and create integrated urban environments that support economic and social growth in the region.
Ritchie Bros. Middle East will host its two-day auction from Dubai, offering more than 1000 items for sale. The public, unreserved auction, where every lot sells to the highest bidder and gives buyers the opportunity to access high quality used equipment from anywhere in the world.
King Salman Energy Park (SPARK) has signed an agreement with Pan Kingdom Real Estate to develop an integrated industrial complex comprising 168 ready-built industrial units across 214,000 sq m area within the mega development in the Eastern Province of Saudi Arabia.
Qatar has announced the completion of all works under the seventh phase of its Western Areas Road Improvement Project. The works included construction of permanent roads, the implementation of infrastructure and landscaping improvements as well as provision of parking facilities.
Abu Dhabi’s residential real estate sector delivered its strongest first quarter on record this year, with AED38.1 billion ($10.4 billion) worth of sales across 8,100 transactions, said a top property consultancy, adding that Yas Island was in pole position for biggest jump in sales and rental prices.
