Dubai's commercial property market recorded its strongest H1 performance in 2026, with sales up 183% over last year. The commercial property sales, including offices and retail units, surged to AED19.5 billion ($5.3 billion) through 3,415 deals in the first six months, said a top brokerage.
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.
The Dubai luxury real estate market continued to attract a steady flow of investment in June, with developers generating sales transactions worth AED3.72 billion ($1.01 billion) for off-plan homes priced above AED5 million.
Dammam is dominating Saudi Arabia’s residential property sector growth, with quarterly sales values rising 71% to reach SAR3.6 billion ($947 million) in Q1, said a report. Around 2,900 homes were sold in the Saudi city from January to March this year, up 41% over the previous quarter.
Abu Dhabi’s residential real estate sector delivered its strongest first quarter on record this year, with AED38.1 billion ($10.4 billion) worth of sales across 8,100 transactions, said a top property consultancy, adding that Yas Island was in pole position for biggest jump in sales and rental prices.
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.
Volvo Construction Equipment (Volvo CE), a global leader in construction solutions, has announced the appointment of Hanna Ihnatovich as the new Head of Sales (International). An industry veteran, Hanna had held a range of commercial roles globally and also across Europe region.
Residential unit sales in Abu Dhabi during March and April remained stable, with April exceeding 3,200 residential units sold and AED13 billion ($3.45 billion) in sales value, said a report from the Abu Dhabi Real Estate Centre (ADREC), the custodian and regulator of Abu Dhabi’s real estate sector.
Global sales of electric cars weakened during the first quarter with the top markets of China and US leading the sales decline. In 43 key markets analysed by the consulting firm PwC, the number of electric cars sold was 1% lower than in the same period in 2025, at just under 2.7 million.
Leading intelligent flow equipment manufacturer, Armstrong Fluid Technology, has appointed Erwan Elias as a regional sales manager for the UAE. An industry veteran, he brings 15 years’ experience in HVAC, pump manufacturing and the water industry.
