Thursday, June 25, 2026
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Tag: REAL ESTATE

Construction & Real Estate

First Avenue consortium signs framework deal for flagship Makkah project

First Avenue for Real Estate Development has announced that its consortium has signed a framework agreement with the Royal Commission for Makkah City and Holy Sites and Jadwa Investment Company for the development of Eastern Hindawiyah, its flagship project in Makkah city. ...

Construction & Real Estate

Saudi Properties starts accepting foreign real estate ownership applications

Saudi Arabia's Real Estate General Authority (REGA) has announced the opening of applications for foreign real estate ownership through its Saudi Properties portal. This is the official portal for the Foreign Real Estate Ownership Law, following its coming into force from January. ...

Construction & Real Estate

fäm sells prime Business Bay office space for record AED124m

UAE-based fäm Properties has announced that it has facilitated the sale of 40,000 sq ft of office space at Vision Tower in Business Bay for a record AED124 million ($33.8 million). It is the biggest commercial real estate deal of its kind recorded in Dubai. ...

Construction & Real Estate

Marjan boosts sustainability credentials with EarthCheck certification

Marjan Group, a key real estate developer in UAE, has announced that it has retained its EarthCheck Silver Certification for 2024, thus strengthening its role in shaping sustainable, future-ready destinations, through responsible development, environmental stewardship and long-term value creation across Ras Al Khaimah. ...

Construction & Real Estate

MERED marks key construction milestone at its 66-storey Dubai tower

MERED, a leading real estate developer, has achieved a major safety milestone by clocking 3 million safe man-hours without a lost time injury (LTI) at its ICONIC Residences Design by Pininfarina. The 66-storey tower continues to rise at an impressive pace, with it now reaching Level 31. ...

Construction & Real Estate

Transformation reshapes Middle East retail real estate landscape, says expert

The Middle East retail real estate industry leaders are set to rethink the operating models as the forces reshaping the retail sector are converging faster than most operators recognise, said an industry expert, addding traditional space-centric models are no longer sufficient for what lies ahead. ...

Construction & Real Estate

AMIS breaks ground on Jacob & Co.’s villa community; targets $10bn IPO in three years

AMIS GPD Development, one of Dubai's fastest-growing real estate developers, has broken ground on its sixth project in less than two years, with the commencement of construction on Fleurs de Jardin, its landmark branded villa community created in partnership with high jewellery, high watchmaking brand, Jacob & Co. in Meydan District 11. ...

Construction & Real Estate

King Abdullah Financial District seals partnership with Osool Real Estate

King Abdullah Financial District Development and Management Company said it has signed an agreement with Osool Integrated Real Estate Company that will see the duo work together to identify and execute potential investment opportunities across its portfolio of development projects. ...

Construction & Real Estate

Ellington announces launch of 209 design-led residences in Meydan

Ellington Properties, a leading design-led real estate group, has announced the launch of its newest residential development, Everly Place, located at Meydan Horizon in Dubai featuring 209 residences across a curated mix of one - to three-bedroom apartments overlooking the crystal lagoon. ...

Construction & Real Estate

Modon to develop premium infrastructure projects in Al Dhafra Region

Modon Holding, an Abu Dhabi-based company with key interests in real estate, hospitality and tourism sectors, said it aims to develop premium infrastructure projects in Al Dhafra Region of the emirate and create integrated urban environments that support economic and social growth in the region. ...

Construction & Real Estate

Abu Dhabi residential market posts record Q1 with $10.4bn in sales

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. ...

Construction & Real Estate

Equitativa sells prime commercial building in Dubai

Equitativa, a top REIT manager in the Gulf region, has announced the successful sale of its prime commercial building located on Sheikh Zayed Road. A mixed-use retail and office building, Indigo 7 enjoys excellent visibility and features 1,902 sq m of prime retail and office space. ...

Construction & Real Estate

Dar Global marks 5th anniversary with $23bn development portfolio

Dar Global, the London-listed luxury real estate developer, is marking its fifth anniversary following a period of rapid international expansion that has transformed the company into a $23 billion global real estate platform serving investors from more than 125 nationalities....

Construction & Real Estate

Omran's flagship project wins top recognition at Singapore event

Omran has announced that its flagship urban destination - Madinat Al Irfan - has been named 'Mixed-Use Development of the Year - Oman' at the Real Estate Asia Awards 2026 held in Singapore. The top honours were in recognition of its integrated mixed-use masterplan and long-term urban vision. ...

Construction & Real Estate

Early works begin at BEEAH's flagship real estate development in Sharjah

UAE sustainability pioneer BEEAH has announced that early works have begun at its flagship real estate development - Khalid Bin Sultan City - in Sharjah. To date, approximately 90,000 cu m of excavation and 111,000 cu m of filling works have been completed at the project site. ...

Construction & Real Estate

AHS Properties buys Shangri-La Hotel Dubai for $300m

UAE-based AHS Properties has announced that it has entered into a deal with Mismak Asset Management to acquire the 43-floor Shangri-La Hotel in Dubai for AED1.1 billion ($300 million) in one of the largest single-asset real estate transactions recorded in recent history. The 200-m property is located on Sheikh Zayed Road. ...

Construction & Real Estate

First Avenue fund targets prime Saudi education real estate assets

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. ...

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