Construction & Real Estate

Empower net profit up 16.2pc in H1; revenue soars to $413m

Emirates Central Cooling Systems Corporation (Empower) has recorded solid results for the first half of 2026 with a 16.2% jump in its net profit, while its revenue rose to AED1.52 billion ($413 million) mainly driven by the growing demand for cooling services across Dubai....

Construction & Real Estate

BNW to build 10,000 new residences in UAE over next four years

UAE-based BNW Developments has announced plans to develop around 10,000 homes across Dubai and Ras Al Khaimah over the next four years as it expands its footprint in the UAE, with Indian investors emerging as a key contributor to its growth strategy. ...

Construction & Real Estate

Dewa unit explores global infrastructure opportunities with ING, Actis

Dewa International, the overseas investment arm of Dubai Electricity and Water Authority, is pursuing global growth through new tie-ups with international financial and infrastructure investors. Its senior leadership held a meeting with ING and Actis in London to explore opportunities in power and water projects. ...

Construction & Real Estate

Abu Dhabi real estate deals in H1 more than doubles to $32bn

Abu Dhabi's real estate transactions more than doubled in value during the first half to hit AED117 billion ($32 billion) mainly driven by strong growth in property sales and foreign investment, said a report. The total number of property deals for the period surged by 61.7% to 25,714. ...

Construction & Real Estate

Abu Dhabi construction sector entering higher-value growth phase

Abu Dhabi’s construction sector is entering a new phase of growth, driven by advanced delivery models and increased PPP projects, said a new report, highlighting a clear shift away from volume‑driven construction toward more integrated, tech‑enabled and performance‑focused project delivery. ...

Construction & Real Estate

Turner & Townsend posts strong Middle East growth; revenue up 73pc

Turner & Townsend, the global programme manager, has reported strong growth across its core sectors and key markets in the Middle East with a 73% jump in its revenue last year. The company also significantly expanded its team, with headcount rising to over 22,000 in more than 60 countries. ...

Construction & Real Estate

Dubai real estate deals in April surge to $18.7bn

Dubai’s real estate market recorded a sharp month-on-month recovery in April, with total registered transaction value rising 20% to AED68.6 billion ($18.7 billion), said a report. The rebound marks the first decisive recovery following a temporary slowdown in February linked to the regional geopolitical uncertainty. ...

Construction & Real Estate

Alramz in deal to build 900-unit integrated community in Jeddah

Saudi-based Al Ramz Real Estate Company has announced plans to set up a shariah-compliant real estate investment fund, aimed at developing a key residential project in Jeddah. Located within the Al Firdous district, the integrated community development will boast 900 residential units as well as key amenities. ...

Construction & Real Estate

Marriott records robust growth momentum across EMEA market in 2025

Marriott International has announced an exceptional year of growth across Europe, Middle East and Africa (EMEA) in 2025 with more than 230 organic signings representing over 31,000 rooms. It also added 170 properties and nearly 24,000 rooms across EMEA last year. ...

Construction & Real Estate

Dubai records strongest residential year in 2025; nets $149bn in sales

Dubai has recorded its strongest residential year on record for 2025, with the total sales value reaching AED547 billion ($149 billion), up 28% year-on-year, across 203,000 transactions as demand, liquidity and prices all advance together, said a new report. ...

Construction & Real Estate

Indian real estate group BCD Global enters Middle East market

BCD Global, a leading Indian multinational group with interests in real estate development, construction and finance, has announced its foray into the Middle East, naming Dubai as its regional headquarters as it accelerates its next phase of global growth. ...

Construction & Real Estate

Alba signs two-year deal with Gulf Aluminium Rolling Mill Company

Aluminium Bahrain (Alba), the world’s largest aluminium smelter on one site, said it has signed a two-year agreement with Gulf Aluminium Rolling Mill Company (GARMCO) to help boost the technical capabilities of its Bahraini employees. ...

Construction & Real Estate

Madayn records $20bn cumulative investments in H1

Oman's Public Establishment for Industrial Estates (Madayn) has announced that it has achieved remarkable growth across all performance indicators in the first half with its total cumulative investment volume surging to nearly RO7.8 billion ($20.2 billion), up 2% over last year....