Tuesday, August 4, 2026
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Tag: Dubai

Construction & Real Estate

PG Real Estate hands over Al Furjan development, announces new projects

PG Real Estate, the boutique developer known for its design-led, low-density communities, has officially handed over PG One, its flagship mixed-use development in Al Furjan, Dubai, marking another major milestone in the company’s delivery-focused growth strategy....

Construction & Real Estate

EMSTEEL Q1 revenue touches $599m; profit up 246% to $81.42m

EMSTEEL on Wednesday reported first-quarter revenue of AED2.2 billion ($599.05 million), remaining broadly in line with the corresponding period in the prior year. Net profit for the period amounted to AED299 million ($81.42 million), reflecting a 246 percent YoY increase....

Construction & Real Estate

Dubai records $37.9bn real estate transactions in Q1

Dubai recorded 44,400 real estate transactions with a combined value of AED139.2 billion ($37.9 billion) during the first quarter of this year, according to a transaction analysis conducted by Whitewill, an international luxury real estate agency. ...

Construction & Real Estate

DEWA posts record revenue of $1.76bn for first quarter

Dubai Electricity and Water Authority (DEWA), the emirate of Dubai’s exclusive electricity and water services provider, has reported a record revenue of AED6.45 billion ($1.76 billion) for the first quarter of this year....

Construction & Real Estate

Esnaad completes MBR City residential project handover

Dubai developer Esnaad has announced the handover of its residential project in Mohammed Bin Rashid City, marking a key milestone in its journey in the emirate’s real estate market. The project comprises a ground floor, five residential floors, and a rooftop, offering a total of 50 one- and two-bedroom apartments. ...

Construction & Real Estate

Danube unveils first large-scale master villa community in Dubai

UAE developer Danube Group has launch of its first large-scale integrated master villa community - Greenz by Danube - in Dubai. Set for 2029 handover, it will feature three- and four-bedroom townhouses, along with five-bedroom semi-detached and twin villas - all with private lifts and sky gardens. ...

Construction & Real Estate

Dubai opens first smart bus station at Mall of the Emirates

Dubai’s Roads and Transport Authority (RTA) has opened Mall of the Emirates Smart Bus Station, Dubai’s first smart bus station, marking a step change in RTA’s drive to develop an integrated public transport network powered by digital technologies....

Construction & Real Estate

Dubai property market 'shows signs of stabilisation'

Dubai’s property market is showing early signs of stabilisation approximately 67 days into the regional conflict, according to betterhomes’ latest monthly market webinar held on Thursday (May 7)....

Construction & Real Estate

Gulf Land closes $40.84m deal for 41 units at Tonino Lamborghini Residences Dubai

Gulf Land Property Developers has completed a bulk transaction valued at AED150 million ($40.84 million) for 41 units at Tonino Lamborghini Residences Dubai, underscoring continued investor confidence in Dubai’s real estate market despite softer sentiment across parts of the wider region....

Construction & Real Estate

Palmridge picks JLL to deliver PMC services for key Jumeirah project

UAE developer Palmridge has signed up real estate expert JLL to deliver project and cost management services on its new residential project - Villea West - in Jumeirah Garden City, Dubai. Set for 2027 completion, the project comprises 229 furnished apartments with a mix of studios and one-bedroom units. ...

Construction & Real Estate

Dubai residential property sales hit 57,300 in four months of 2026

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. ...

Construction & Real Estate

Drake & Scull, Prestige One kick off work at Majan development

Drake & Scull International, in a strategic partnership with luxury developer Prestige One Developments, has officially started work on the Majan Project. Located in one of Dubai's fastest-growing districts, the Majan Project is set for completion in the first quarter of 2028. ...

Construction & Real Estate

Majid Al Futtaim awards main contract for Distrikt Ghaf Woods

Majid Al Futtaim, a leading mall developer and leisure pioneer in the region, has awarded the main construction contract worth over AED700 million ($191 million) for its prime residential community in Dubai - Distrikt Ghaf Woods - to Al Sahel Contracting, a part of the Al Nabooda Group. ...

Construction & Real Estate

Ultra-luxury propels Dubai real estate sales to $49bn in Q1

Dubai’s real estate market recorded over AED180 billion ($49 billion) in residential and commercial sales during the first three months of the year, supported by a surge in ultra-luxury property transactions and sustained demand across both sectors, according to a market report....

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