King Abdullah Financial District Development and Management Company (KAFD DMC), the developer and operator of Riyadh’s premier business and lifestyle destination, has secured a SAR12 billion ($3.2 billion), 15-year, senior-secured Murabaha facility, its first independently secured debt facility.
UAE developer GAF Property has announced that it is shaping a new residential experience in Abu Dhabi through its latest residential development, Flow 25, located on Reem Island. The project draws its design inspiration from the Ghaf tree, one of the UAE’s most iconic natural symbols.
Majid Al Futtaim, a leading mall developer and leisure pioneer in the region, has awarded the main construction contract worth over AED700 million ($191 million) for its prime residential community in Dubai - Distrikt Ghaf Woods - to Al Sahel Contracting, a part of the Al Nabooda Group.
MAAIA, a boutique luxury developer in Dubai, has confirmed that construction across its two active residential developments, La Clé in Al Furjan and La Vue in Nad Al Sheba Gardens, is advancing at full pace.
Binghatti Holding Limited, a leading developer, has reported a net profit of AED1.43 billion ($389.38 million) for Q1 2026, representing a 73 percent year-on-year increase, while revenue rose 52 percent to AED4.39 billion ($1.195 billion).
Leading Korean group Ssangyong Engineering & Construction (Ssangyong E&C) has won a $250 million contract from Dubai's state-owned real estate developer Wasl to build two high-rise residential developments in the Downtown Dubai area, said a report.
Aldar has added a number of strategic land plots across Abu Dhabi, with a combined gross development value of approximately AED23 billion ($6.26 billion), further reinforcing Aldar’s landbank strength and providing a pipeline for sustained, long-term growth across the capital’s most attractive development corridors.
Binghatti Holding, one of the UAE’s fastest-growing real estate developers, has successfully priced a long five-year $500 million benchmark sukuk under its $1.5 billion Trust Certificate Issuance Programme, in a transaction that was 4.4 times oversubscribed.
Aldar, a leading developer in the region, has reported a nine-month net profit before tax of AED6.8 billion ($1.85 billion), up 43% year-on-year (YoY), while net profit after tax rose 30% YoY to AED6 billion ($1.633 billion).
