Makkah Construction and Development Company has bought 6,986 sq m of land at an auction for SAR980 million ($261 million). The plot, which is in close proximity to the Grand Mosque, is ideal for setting up a mixed-use project featuring a hotel and a mall, it said.
Hotel revenues in Oman rose by more than 18% year-on-year between January and September 2025 to reach a new nine-month high of OMR193.4 million ($505 million), according to a real estate advisory and property consultancy, Cavendish Maxwell.
Mirage, a leading multidisciplinary engineering group, has been appointed as the project management consultant for Janu Hotel & Branded Residences on Al Marjan Island in Ras Al Khaimah. The project comprises a 132-key upscale hotel, five premium villas and 73 residential units.
Leading global hospitality group Hilton and RMKA Private Company have announced the signing of Sandblu Santorini, marking the highly anticipated debut of LXR Hotels & Resorts in Greece.
Saudi-based Taiba Investments has announced that one of its key subsidiaries, Smart Hotel Zone Company, had signed up Al Saad Contracting Company for the construction of a 159-key hotel project within the STC Square mixed-use development in Riyadh.
Kleindienst Group said its key hotel development - voco Dubai Nice – The Heart of Europe - located at The World Islands in Dubai, has received its Building Completion Certificate. It boasts accommodations ranging from deluxe and premium rooms to three distinct suite categories.
Oman’s 3-5-star hotels saw a 9 per cent rise in guests by September 2025, totalling 1,687,112, up from 1,547,523 in 2024. Hotel revenues also increased by 18.2 per cent to about RO 193.360 million ($503 million) during the same period.
Jeddah Central Development Company, a subsidiary of the Public Investment Fund (PIF), has signed an investment partnership with Midad Real Estate Company to develop the Atlantis and One&Only hotels within the Jeddah Central Destination.
The Department of Culture and Tourism – Abu Dhabi reported a record summer from May to August 2025, welcoming 2.04 million hotel guests. This growth stemmed from enhanced promotions, a diverse events calendar, and a 10% increase in international visitors.
Boosted by Showdown Week, Abu Dhabi’s hotel industry posted its highest October occupancy level since 2008, according to preliminary data from CoStar, provider of online real estate marketplaces, information, and analytics in the property markets.
