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Tag: Real Estate

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

Residential construction embraces high-performance homes amid sustainability push

Residential developers are under mounting pressure to meet evolving buyer expectations and stricter sustainability standards while delivering long-term value. As the global construction industry is set to hit $16.1 trillion by 2030, high-performance homes are emerging as a key solution, said an industry expert....

Construction & Real Estate

Saudi PIF, I Squared Capital sign $2bn infrastructure deal

Saudi sovereign wealth fund PIF said it has signed an agreement with infrastructure investor I Squared Capital to explore the deployment of up to $2 billion in real estate and infrastructure assets owned by the sovereign wealth fund and its portfolio companies. ...

Construction & Real Estate

Oman's real estate transactions soar to $3bn in first five months

The value of real estate transactions in Oman rose 5.5% in the first five months of 2026 from a year earlier, driven by higher mortgage activity and a modest increase in property sales, said a report. The total value of real estate traded in the sultanate soared to hit RO1.18 billion ($3.05 billion) by the end of May. ...

Construction & Real Estate

Sharjah real estate transactions top $8bn in H1, up 9.3%

The total value of real estate sector transactions in Sharjah reached approximately AED29.5 billion ($8.03 billion) during the first half of 2026, marking a 9.3 percent increase compared to the same period in 2025....

Construction & Real Estate

IRTH Group enters construction sector with new contracting unit

IRTH Group, a real estate investment platform, has announced the launch of IRTH Contracting, a dedicated construction arm for its expanding portfolio of developments, thus bringing its development and construction operations under one integrated business. ...

Construction & Real Estate

Umm Al Qura signs deal to sell three prime Makkah residential plots for $118m

Leading Saudi developer Umm Al Qura has announced that it has signed reservation agreements with a real estate fund managed by Watheeq Capital for the sale of three land plots within its mega Masar Destination project in Makkah for a total value of SAR441.1 million ($118 million). ...

Construction & Real Estate

Knowledge Economic City plans $400m hospitality project fund with Albilad

Saudi Arabia's Knowledge Economic City has announced that it had signed a non-binding term sheet with Albilad Capital for the establishment of a closed-ended private real estate investment fund worth SAR1.5 billion ($400 million), to finance the first phase of its Multaqa Hospitality project in Madinah. ...

Construction & Real Estate

Asas Makeen sets up new fund for Riyadh land development

Saudi-based Asas Makeen Real Estate Development has signed a framework agreement with two key entities - Middle East Financial Investment and Binaa Altharwat Company - to set up a real estate investment fund for the development of prime land owned by the company in Riyadh. ...

Construction & Real Estate

Ras Al Khaimah set to deliver over 25,000 new homes by 2030

Ras Al Khaimah is expected to add more than 25,000 residential units over the next four years, with apartments accounting for 97% of the planned supply, mainly driven by population growth, higher foreign investment and expanding business activity in the emirate, said an real estate industry expert....

Construction & Real Estate

Shurooq achieves key construction milestones at flagship Sharjah projects

Sharjah Investment and Development Authority (Shurooq) has announced that steady progress is being made on two flagship projects within its real estate portfolio - Sharjah Sustainable City and Ajwan Khorfakkan - with the work on key additional community facilities nearing the final stages. ...

Construction & Real Estate

Arada launches new funds platform to target real estate opportunities

Global master developer Arada will launch Arada Capital, a new funds management platform to develop and manage institutional-grade investment opportunities across real estate asset classes in the Middle East and selected international markets....

Construction & Real Estate

Banan wins contract to develop Riyadh hotel project

Banan Real Estate Company has announced that it has secured a contract from Saudi-based Afaq Al Qimma Al Rabiaa Al Mutatawera Company for the development and marketing of a hotel project within Al Rahmaniya neighbourhood in capital Riyadh....

Construction & Real Estate

MAIR to revamp Mall of Al Ain with retail, hotel upgrades

MAIR Group, a strategic investment company focused on grocery retail and commercial real estate, is set to redevelop and expand its key retail asset, Mall of Al Ain, in Abu Dhabi, adding hotel facilities and upgrading the property's retail, dining, entertainment and public spaces. ...

Construction & Real Estate

Saudi real estate company Al Tahaluf rebranded HOV Global

Leading Saudi real estate company Al Tahaluf has announced that it has been rebranded as HOV Global CJSC following an increase in majority ownership by K. Hovnanian ME Investments, a subsidiary of Hovnanian Enterprises, one of the largest homebuilders in the US. ...

Construction & Real Estate

Tanmia, FIM Partners Muscat launch $249m Omani real estate fund

Oman National Investments Development Company (Tanmia) has joined forces with FIM Partners Muscat to set up a new RO96 million ($249 million) fund - Oman Real Estate Development Fund - that will focus on investment opportunities related to real estate projects across the sultanate....

Construction & Real Estate

Al Ramz, Oud Capital to launch $267m Saudi real estate fund

Saudi-based Al Ramz Real Estate has joined hands with Oud Capital to set up a new shariah-compliant real estate investment fund with a target size of over SAR1 billion ($267 million). It aims to develop more than 800 residential units on 70,516 sq m of company-owned land in the kingdom. ...

Construction & Real Estate

JLL names new Project & Development head for Middle East, Africa

Global real estate expert JLL has announced the appointment of Maroun Deeb as the new Head of Project & Development Services (PDS) for the Middle East and Africa. In his expanded role, Deeb will be overseeing strategic growth and capability integration across the MEA region. ...

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