Equitativa, a top REIT manager in the Gulf region, has announced the successful sale of its prime commercial building located on Sheikh Zayed Road. A mixed-use retail and office building, Indigo 7 enjoys excellent visibility and features 1,902 sq m of prime retail and office space.
Dubai has confirmed that the first phase of Al Maktoum International Airport remains on track for a 2032 opening, with major construction milestones achieved and AED13 billion ($3.5 billion) in contracts underway as preparations advance for future awards worth AED55 billion ($15 billion).
Dubai’s Roads and Transport Authority (RTA) has approved the five-year plan 2026–2030, covering the construction of 31 pedestrian bridges and tunnels across key locations in Dubai.
Azizi Developments, a leading private developer in the UAE, has ranked first among all developers in Dubai by off-plan sales volume in May 2026, registering 1,601 transactions with a total value of AED1.46 billion ($400 million), it claimed.
Dubai's luxury real estate market continued to attract strong investment in May, with developers recording almost AED5 billion ($1.36 billion) in off-plan sales for homes priced above AED5 million.
Dubai Municipality has selected preferred bidders for the first two packages of its AED80 billion ($22 billion) Dubai Strategic Sewerage Tunnels (DSST) project, said a report. The project scope includes construction of deep sewer tunnels linked to treatment units at Warsan and Jebel Ali, as well as laying of 200km of sewer links.
UAE-based AHS Properties has announced that it has entered into a deal with Mismak Asset Management to acquire the 43-floor Shangri-La Hotel in Dubai for AED1.1 billion ($300 million) in one of the largest single-asset real estate transactions recorded in recent history. The 200-m property is located on Sheikh Zayed Road.
McG’s by McGettigan’s Al Barsha, a favourite neighbourhood hangout in Dubai, has launched McG’s Inner Circle, a new membership programme offering a range of exclusive lifestyle benefits and experiences.
National Industries Park (NIP) has signed an agreement with Al Bayader International to develop a AED180 million ($50 million) integrated manufacturing and logistics hub in Dubai, expanding regional food packaging production capacity by up to 30,000 tonnes annually.
Majestic Hotels, one of Dubai's most trusted hospitality groups, has announced the grand opening of its fourth property, Majestic Central Hotel, a contemporary 3-star hotel offering 68 well-appointed keys in a prime, transit-connected location in Dubai.
