Tag: Dubai

Construction & Real Estate

Azizi 'leads Dubai’s off-plan market with $400m in sales in May

Azizi Developments, a leading private developer in the UAE, has ranked first among all developers in Dubai by off-plan sales volume in May 2026, registering 1,601 transactions with a total value of AED1.46 billion ($400 million), it claimed. ...

Construction & Real Estate

Dubai's luxury off-plan homes bring $1.36bn May sales

Dubai's luxury real estate market continued to attract strong investment in May, with developers recording almost AED5 billion ($1.36 billion) in off-plan sales for homes priced above AED5 million....

Construction & Real Estate

Dubai selects preferred bidders for key packages of $22bn sewerage project

Dubai Municipality has selected preferred bidders for the first two packages of its AED80 billion ($22 billion) Dubai Strategic Sewerage Tunnels (DSST) project, said a report. The project scope includes construction of deep sewer tunnels linked to treatment units at Warsan and Jebel Ali, as well as laying of 200km of sewer links....

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

RTA completes 90% work on Dubai Harbour bridge project

Roads and Transport Authority (RTA) has announced that 90% of the work has been completed on a 1,500-m bridge to Dubai Harbour featuring two lanes in each direction. More than 45,000 cu m of concrete and 8,273 tonnes of steel have been used in the project....

Construction & Real Estate

RTA readies AC rest areas for delivery bike riders ahead of summer

Dubai’s Roads and Transport Authority (RTA) has confirmed the full operational readiness of air-conditioned rest areas for delivery riders ahead of the summer season. Maintenance and preparatory works have been completed across all the 40 rest areas designated for delivery riders in Dubai....

Construction & Real Estate

RTA inks deal with Jafza to advance integrated road regulation in Dubai

Dubai’s Roads and Transport Authority (RTA) has signed a co-operation agreement with Jafza to advance regulatory integration in support of regulation of roads. The pact aligns with Dubai’s vision and strategic objectives to enhance road safety and ensure the delivery of development projects as per global standards. ...

Construction & Real Estate

Dubai property demand rebounds after market trough in March

As markets await greater clarity on the direction of US-Iran talks, two constituencies are watching closely - Global investors, where a deal means lower oil prices and renewed momentum, and Dubai's real estate, where restoration of transactional confidence would back normalisation of market activity, said an expert. ...

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

Dubai real estate transactions rise 20% in April to $18.68bn

Dubai’s real estate market recorded a sharp month-on-month recovery in April 2026, with total registered transaction value rising 20% to AED68.6 billion ($16.68 billion), according to a new analytical report published by Elite Merit Real Estate....

Construction & Real Estate

Aldar's Al Ghadeer Gardens sold out, generates $272m

Aldar, a leading developer, has announced the sell-out of Al Ghadeer Gardens, a community of 437 townhouses and villas within the growth corridor between Abu Dhabi and Dubai, generating more than AED1 billion ($272.3 million) in sales. ...

Construction & Real Estate

Dubai residential market sees $38.34bn Q1 transactions, trophy home sales surge

Dubai’s residential property market maintained its strong momentum in the first quarter of 2026, with transaction values reaching AED140.8 billion ($38.34 billion) despite regional geopolitical uncertainty and the seasonal slowdown associated with Ramadan, according to a new report by Morgan’s International Realty....

Construction & Real Estate

Wasl Group launches 74-unit freehold development in Dubai

Wasl Group has announced the launch of Cedarwood Estates South, the latest addition to its growing freehold portfolio across Dubai. A limited collection of golf view villas, it will boast 74 units across four-, five-, and six-bedroom layouts, with generous plot sizes and open interiors. ...

Construction & Real Estate

RTA completes 80% of 1,650m Al Khaleej Street Tunnel Project

Dubai’s Roads and Transport Authority (RTA) has completed 80% of Al Khaleej Street Tunnel Project, which extends 1,650 metres from the end of Infinity Bridge ramp in Deira to the intersection of Al Khaleej Street and Al Wuheida Street. ...

Construction & Real Estate

New Asst CEO of Housing named at Mohammed Bin Rashid Housing Establishment

HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, has appointed Noura Mohammed Bakheet Al Madawi Al Rumaithi as Assistant CEO of the Housing Sector at the Mohammed Bin Rashid Housing Establishment....

Construction & Real Estate

Jebel Ali Rail Terminal facilities to hit 1.6m TEUs capacity

DP World has announced that work is moving at a steady pace on the three key facilities within Jebel Ali Rail Terminal, which connects the port directly to the UAE’s national rail network and has an 800,000 TEUs capacity. On completion, the terminal will boast a total capacity of 1.6 million TEUs per annum. ...