Global real estate expert JLL has been signed up as the exclusive leasing agent for Al Bustan Business Park, a new Grade A commercial development in Riyadh by Olayan Financing Company comprising six office buildings with one designated as Olayan’s new headquarters, alongside two dedicated F&B building.
UAE-based fäm Properties has announced that it has facilitated the sale of 40,000 sq ft of office space at Vision Tower in Business Bay for a record AED124 million ($33.8 million). It is the biggest commercial real estate deal of its kind recorded in Dubai.
Capital Group, one of the world’s largest and leading active investment managers, has announced plans to establish its first office in the Middle East, in the UAE’s Abu Dhabi Global Market (ADGM).
Inchcape Shipping Services, a leading UK-based port agency and marine services provider, has opened a new office in Brunei Darussalam, strengthening its local presence in a strategically important market for offshore, naval and logistics operations in Southeast Asia.
Qiddiya Investment Company (QIC), the developer of Qiddiya City, the capital of entertainment, sports, and culture in Saudi Arabia, has announced that it has signed up global technology leader Cisco to power its new smart office HQ through intelligent use of networking, collaboration and indoor navigation.
DMCC has announced the launch of two premium commercial towers - One Uptown Place and Two Uptown Place - within its flagship Uptown Dubai district. The development will add more than 560,000 sq ft of Grade A office space, taking the district’s total commercial footprint beyond 1 million sq ft.
Saudi Arabia has announced the launch of the Expression of Interest (EoI) phase for the development of the Quality Valley project in Riyadh under a PPP model. The project scope includes the development of the HQ site of Saso in Riyadh and transforming it into a 191,000-sq-m integrated mixed-use masterplan.
Dubai Investments has announced the groundbreaking of Al Vista, its landmark mixed-use development in Meydan Horizon, featuring 312 apartments with a mix of one- to three-bedroom units alongside a 19-storey commercial tower offering 120,000 sq ft of shell-and-core office space.
Dubai’s real estate market is transitioning from the sharp acceleration of recent years into a more mature and sustainability-led growth phase, said an industry expert. While activity levels remain robust, the latest figures point to quality-driven demand across buyer segments.
GCC residential real estate supply is projected to rise from 6.26 million units in 2025 to 7.28 million by 2030, while office space is set to expand from 33.3 million sq m to 42.4 million sq m over the same period.
