UAE-based Alef Group has announced the successful sell-out of Phase One of Linar, a AED4 billion ($1.1 billion) waterfront residential development in Al Mamzar comprising Towers A, B and C. Following exceptionally strong demand, Alef has now released Towers D and E for sale.
Sobha Realty, a leading global luxury real estate developer in UAE, has announced plans to deliver more than 6,800 units across Dubai this year, representing a total sales value of AED21.6 billion ($5.8 billion). The handover pipeline represents its largest annual delivery to date.
Leading Saudi real estate company Al Tahaluf has announced that it has been rebranded as HOV Global CJSC following an increase in majority ownership by K. Hovnanian ME Investments, a subsidiary of Hovnanian Enterprises, one of the largest homebuilders in the US.
Oman National Investments Development Company (Tanmia) has joined forces with FIM Partners Muscat to set up a new RO96 million ($249 million) fund - Oman Real Estate Development Fund - that will focus on investment opportunities related to real estate projects across the sultanate.
Abu Dhabi's real estate transactions more than doubled in value during the first half to hit AED117 billion ($32 billion) mainly driven by strong growth in property sales and foreign investment, said a report. The total number of property deals for the period surged by 61.7% to 25,714.
Residential developers are under mounting pressure to meet evolving buyer expectations and stricter sustainability standards while delivering long-term value. As the global construction industry is set to hit $16.1 trillion by 2030, high-performance homes are emerging as a key solution, said an industry expert.
IRTH Group, a real estate investment platform, has announced the launch of IRTH Contracting, a dedicated construction arm for its expanding portfolio of developments, thus bringing its development and construction operations under one integrated business.
Saudi sovereign wealth fund PIF said it has signed an agreement with infrastructure investor I Squared Capital to explore the deployment of up to $2 billion in real estate and infrastructure assets owned by the sovereign wealth fund and its portfolio companies.
The value of real estate transactions in Oman rose 5.5% in the first five months of 2026 from a year earlier, driven by higher mortgage activity and a modest increase in property sales, said a report. The total value of real estate traded in the sultanate soared to hit RO1.18 billion ($3.05 billion) by the end of May.
The total value of real estate sector transactions in Sharjah reached approximately AED29.5 billion ($8.03 billion) during the first half of 2026, marking a 9.3 percent increase compared to the same period in 2025.
