Dubai's residential real estate market recorded more than 57,300 sales between January and April 2026, with transactions in the off-plan sector rising 3.3% year-on-year, says leading real estate advisory and property consultancy Cavendish Maxwell.
Drake & Scull International, in a strategic partnership with luxury developer Prestige One Developments, has officially started work on the Majan Project. Located in one of Dubai's fastest-growing districts, the Majan Project is set for completion in the first quarter of 2028.
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.
Emaar Properties said it is in the process of exiting the JV structure relating to The Eighth Gate, its key mixed-use development in Damascus, thus marking a decisive new chapter in its long-standing relationship with Syria. With this move, the Dubai master developer will be operating in the country without any partner.
Leading Saudi developer Retal has secured a key contract from Oman for the development of an integrated residential community on a 1.3 million sq m area within Sultan Haitham City in Muscat. A $830 million project, it will boast over 2,000 residential units as well as other key amenities.
Dubai developer Esnaad has announced the handover of its residential project in Mohammed Bin Rashid City, marking a key milestone in its journey in the emirate’s real estate market. The project comprises a ground floor, five residential floors, and a rooftop, offering a total of 50 one- and two-bedroom apartments.
Sanzen, a UAE-based real estate developer, has announced that it has broken ground on Sukoon, an AED1.5 billion ($408 million) residential development in Sharjah comprising 859 villas and townhouses across four phases. The Phase 1 work has been awarded to PTC, a UAE-based company with more than five decades of experience.
Leading UAE developer Arada has announced the handover of its first residential homes at Sharjah’s newest lifestyle and hospitality destination - Vida Residences Aljada. A four-building complex, Vida Aljada features 255 branded residences, 149 serviced apartments and 175-key hotel.
Saudi-based Asas Makeen Real Estate Development and Investment Company has announced that it has signed an agreement with Tawafuq Al Rimal Real Estate Fund for the development of an integrated residential compound in Al Rimal District, Riyadh, featuring a total of 503 homes.
UAE-based Burtville Developments has announced the launch of its tenth project in Abu Dhabi, a new hotel-branded residential development on the Al Raha Beach waterfront. It boasts three architecturally-distinct towers featuring 163 residences, including 19 waterfront townhouses and sky villa units.
