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Tag: Dubai

Construction & Real Estate

Azizi signs up Kone for 725-m landmark Dubai tower project

UAE-based Azizi Developments has signed an agreement with Kone, a global leader in the elevator and escalator industry, to engineer and deliver the vertical mobility system for its 725-m landmark Burj Azizi development on Sheikh Zayed Road, which, on completion, will become the world’s second-tallest tower. ...

Construction & Real Estate

RTA completes traffic expansion project at major Dubai street

Dubai’s Roads and Transport Authority (RTA) has completed a traffic expansion in Al Mizhar 4, spanning more than one kilometre from Tunis Street towards Amman Street. A third lane was added to the existing two, boosting capacity by 50% while improving traffic flow in the area. ...

Construction & Real Estate

Developers hold off-plan pricing steady while sales volumes adjust

Dubai's developers have largely held their off-plan prices steady through 2026 in the face of adjustments in sales volumes and absorption rates, said a new report, adding that pricing has begun to decide how quickly projects sell out. ...

Construction & Real Estate

Etihad Rail launches Dubai services linking Abu Dhabi and Fujairah

The UAE's national passenger rail network enters a major new phase on Wednesday with the launch of Etihad Rail services linking Abu Dhabi, Dubai and Fujairah, giving travellers a new intercity alternative to road transport and bringing Dubai into the country's rapidly expanding passenger rail system....

Construction & Real Estate

Key Mavens Group's premium retail destination on track for Q4 completion

Key Mavens Group, a UAE-based boutique luxury developer, said work is in full swing on its community retail destination, Le Meryeme - Liwan, in Dubai with the project on track for Q4 completion. It features a Spanish-inspired architectural design defined by open layouts, outdoor courtyards and shaded terraces. ...

Construction & Real Estate

DEWA completes $2.7bn refinancing of Noor Energy 1

Dubai Electricity and Water Authority (DEWA) has completed the $2.7 billion refinancing of Noor Energy 1 ahead of schedule. The 950MW project, part of the Mohammed bin Rashid Al Maktoum Solar Park, combines CSP, parabolic trough and photovoltaic technologies with up to 15 hours of thermal storage....

Construction & Real Estate

RTA, DIEZ launch Dubai Mobility Labs for autonomous transport testing

Dubai’s Roads and Transport Authority (RTA), in cooperation with the Dubai Integrated Economic Zones Authority (DIEZ), has inaugurated Dubai Mobility Labs at Dubai Silicon Oasis to test and certify autonomous and future mobility technologies. ...

Construction & Real Estate

PALACE GROUP to deliver luxury Dubai beachfront mansions by 2027

UAE-based PALACE GROUP said work is moving at a steady pace on its premium beachfront mansions in Dubai that are track for handover by 2027. The group is further expanding its portfolio with a collection of mansions at Dubai Hills Estate and Aya, a boutique residential project in Jumeirah Garden City. ...

Construction & Real Estate

Dubai records 335 sales of $10m+ homes in first eight months, says report

Dubai's real estate sector recorded 335 sales of residences valued at over $10 million in the first eight months of 2026, underlining the city’s position as one of the world’s top luxury residential markets, said a report. Palm Jumeirah retained its position as a hot favourite for high-end property investors. ...

Construction & Real Estate

Emaar unveils new ultra-luxury, high-rise waterfront project in Dubai

Dubai master-developer Emaar Properties has announced the launch of its new ultra-luxury, high-rise waterfront development - Address The Bay at Emaar Beachfront - in the heart of Dubai Harbour. Set to open in 2027, the 182-key hotel will bring a new five-star stay to one of Dubai’s most sought-after waterfront addresses....

Construction & Real Estate

Amwaj's premium Meydan residential developments on track

Amwaj Development, a leading Dubai real estate developer, has announced that work is moving at a steady pace on two of its premium residential developments in Meydan with The Cube Residences now 50% completed and Gate Eleven reaching 35% project completion. ...

Construction & Real Estate

Dubai sees summer shift as tenants switch homes for lower rents

The Dubai real estate market has witnessed a clear shift during the summer months as hundreds of tenants moved home to take advantage of new leases reducing annual rents by up to 15%. The new leases exceeded renewals by 2,139 contracts in August, said a new report. ...

Construction & Real Estate

Dubai records $29.3bn in completed real estate projects in H1

Dubai’s real estate sector continued to expand during the first half of 2026, with 104 projects completed at a total investment value of more than AED111 billion ($29.3 billion), thus adding 24,537 new units to the market, according to a new report. ...

Construction & Real Estate

Dubai warehouse rental values surge 10pc to $490m in H1

Dubai’s warehousing sector has secured a total rental value of AED1.8 billion ($490 million) during the first half of 2026, up 10% over the same period last year. Around 10,000 warehouse leases were signed in H1, while the renewals rose 22% year-on-year to reach a new half-year record, said a report. ...

Construction & Real Estate

Condor completes handover of Dubai Sports City residential project

Dubai-based residential developer Condor has announced the handover of its premium residential project - Golf Links18 - in Dubai Sports City, featuring 256 residential units with a mix of studios and one-to three-bedroom apartments along with other key amenities. ...

Construction & Real Estate

RTA completes major Dubai street development project work

Dubai's Roads and Transport Authority (RTA) has completed the work on Oud Maitha Road and Al Asayel Street Development, a key project aimed at boosting the integration of the city's road network and keeping pace with the rapid urban and population growth in surrounding areas....

Construction & Real Estate

Azizi's new Meydan 5-star property set for mid-2028 opening

UAE-based Azizi Hospitality has announced that steady progress is being made on its five-star hotel coming up in Meydan, Dubai with the property on track for opening in mid-2028. Excavation and foundation work is under way and this will be followed by structural build, façade and interior fit-out....

Construction & Real Estate

Nakheel awards $218m construction contract for Bay Grove Residences

Dubai developer Nakheel has awarded the main construction contract worth over AED800 million ($218 million) to Metac General Contracting for key phases of Bay Grove Residences on Dubai Islands. The deal covers the construction of 537 one- to four-bed homes across seven buildings. ...

Construction & Real Estate

Parkin expands payment options through partnership with uPay

Parkin Company, the largest provider of paid public parking facilities and services in Dubai, has entered into a partnership with uPay, a UAE-based payment solution provider, to enable Parkin wallet top-ups through uPay’s extensive kiosk network across the country. ...

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