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.
Luma AI, the frontier artificial intelligence company building multimodal AGI, has announced plans to open a dedicated office in Riyadh, Saudi Arabia, marking a significant expansion of its presence in the Middle East and furthering the acceleration of HUMAIN Create.
RHI Magnesita, a global leader in refractory products and services for the steel, cement, glass, and non-ferrous metals industries, has strengthened its operations in the Middle East, Türkiye and Africa region by setting up its regional head office in Dubai.
PwC Middle East has relocated its office to Riyadh's Laysen Valley, providing an expanded space for its growing operations in the kingdom. Spanning 22,400 sq m, the new office stands 11storeys tall, providing a dedicated space for co-creation and innovative work.
Goldman Sachs has announced the official opening of its new office and regional headquarters within the King Abdullah Financial District (KAFD) in Riyadh. The new office reflects the firm’s ongoing commitment to Saudi Arabia.
His Majesty King Hamad was briefed on the proposed masterplan to redevelop Awali City in Bahrain, covering commercial, office and residential units as well as green spaces in addition to a pedestrian and sports pathway. It is aimed at preserving the architectural identity and urban heritage of the city.
