The United Nations has called upon cities everywhere to invest in regeneration and adequate housing for all. By revitalising existing urban areas, more housing can be created along with upgradation of infrastructure and improve public spaces, making cities more resilient, inclusive and connected.
Shaza Hotels, a subsidiary of Barwa Real Estate Group, has signed an agreement with Omnia Properties to launch the first Mysk-branded homes in Oman. The debut project, Mysk Beach Residences, will introduce an exclusive collection of 125 fully serviced residences along the Gulf of Oman coastline.
Arada Developments has returned to the global debt markets via a successful issuance of a $400 million senior unsecured sukuk, which has been listed on the London Stock Exchange and Nasdaq Dubai. This marks the first issuance by a UAE real estate developer since the outbreak of the regional conflict in February.
Vision Developments has announced the official groundbreaking of Sera Gardens by Vision, a key residential development comprising 246 apartments, with a diverse collection of studios, one and two-bedrooms as well as three and four-bedroom duplexes in Dubai Production City.
UAE-based construction 3D printing company AC3D has secured a strategic investment from Transgulf Readymix as part of its ongoing late-seed funding round, bringing the concrete producer on board as a partner to support the technology’s commercial deployment across the GCC.
Saudi Arabia’s Red Sea Global (RSG) has announced the opening of Grand Hyatt The Red Sea, a landmark premium resort on Shura Island that introduces its largest purpose-built events venue. It features 430 rooms, suites and villas offering an extensive collection of dining venues and family-focused amenities.
Emirates Stallions Group, a subsidiary of Abu Dhabi group IHC with key interests in construction, investment and real estate, has delivered solid results for the first nine months with a 36% jump in its net profit, while its revenue soared to AED1.3 billion ($354 million), supported by continued advancement across ongoing development projects.
Dubai South has signed an agreement with Phoenix Aviation for a new airside plot at Mohammed bin Rashid Aerospace Hub (MBRAH). Set for completion in Q1 2029, the new development will comprise a 35,000-sq-m aircraft hangar, a delivery centre for aircraft handovers and 3,000 sq m of office space.
Dubai’s Roads and Transport Authority, in collaboration with Dubai Holding Community Management, has started work on two new pedestrian bridges on Palm Jumeirah. It forms part of Dubai Holding's wider partnership with RTA to upgrade road networks and infrastructure across its communities and destinations.
Enowa, the energy, water and hydrogen subsidiary of mega Saudi futuristic city NEOM, said it has completed the energisation of the Primary Substation South-B (PSS-B), thus marking another major step in expanding Oxagon’s advanced power infrastructure. This comes following the successful operation of BSP South earlier this year.
