Global master developer Arada will launch Arada Capital, a new funds management platform to develop and manage institutional-grade investment opportunities across real estate asset classes in the Middle East and selected international markets.
Sales values in Dubai’s residential real estate sector approached AED221.3 billion ($60.26 billion) across almost 79,200 transactions in H1 2026, according to new insight from leading real estate advisory and property consultancy, Cavendish Maxwell.
Sharjah Investment and Development Authority (Shurooq) has announced that steady progress is being made on two flagship projects within its real estate portfolio - Sharjah Sustainable City and Ajwan Khorfakkan - with the work on key additional community facilities nearing the final stages.
Banan Real Estate Company has announced that it has secured a contract from Saudi-based Afaq Al Qimma Al Rabiaa Al Mutatawera Company for the development and marketing of a hotel project within Al Rahmaniya neighbourhood in capital Riyadh.
MAIR Group, a strategic investment company focused on grocery retail and commercial real estate, is set to redevelop and expand its key retail asset, Mall of Al Ain, in Abu Dhabi, adding hotel facilities and upgrading the property's retail, dining, entertainment and public spaces.
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.
Saudi-based Al Ramz Real Estate has joined hands with Oud Capital to set up a new shariah-compliant real estate investment fund with a target size of over SAR1 billion ($267 million). It aims to develop more than 800 residential units on 70,516 sq m of company-owned land in the kingdom.
Global real estate expert JLL has announced the appointment of Maroun Deeb as the new Head of Project & Development Services (PDS) for the Middle East and Africa. In his expanded role, Deeb will be overseeing strategic growth and capability integration across the MEA region.
First Avenue for Real Estate Development has signed an agreement with SNB Capital, Dar Al Majed and Rekaz to set up an investment fund that will acquire and build educational facilities across Saudi Arabia. This comes as part of First Avenue's strategy to diversify its portfolio and income streams.
