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Tag: Real estate

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. ...

Construction & Real Estate

Mered unveils French Riviera style villas collection on Al Reem Island

Mered, an award-winning real estate developer, has unveiled its ‘bay villas’, a unique collection of five waterfront residences on Al Reem Island. Each villa is named after an iconic city along the French Riviera and draws its identity from the character of its namesake destination. ...

Construction & Real Estate

Dubai Residential REIT buys Jebel Ali townhouses cluster for $243m

Dubai Residential REIT, the GCC’s largest real estate investment trust, has announced the successful acquisition of 220 townhouses at Jebel Ali Village for AED894 million ($243 million) and their addition to its investment portfolio. The cluster comprises a mix of three- and four-bedroom units in a family-oriented community. ...

Construction & Real Estate

MRI Software unveils new solutions within its AI-powered real estate platform

MRI Software, a leader in real estate software and services, has launched two new solutions within its AI-powered real estate platform - MRI Agora. The first delivers proactive portfolio signals and the second, executes real estate-specific agentic workflows automatically. ...

Construction & Real Estate

Dubai's real estate projects value top $75bn in H1

The current pace of launches have put Dubai on track for one of its biggest real estate years in history with the value of prospect and new development projects across the emirate since the beginning of 2026 surging to more than AED275 billion ($75 billion), said a report. ...

Construction & Real Estate

Dubai Land Department launches ‘Flexi Rent’ initiative

Dubai Land Department (DLD) has launched a key initiative ‘Flexi Rent’ in partnership with leading developers in bid to develop a more sustainable real estate ecosystem. This key model will be applied to vacant or eligible rental units owned or managed by DLD's participating partners. ...

Construction & Real Estate

First Avenue consortium signs framework deal for flagship Makkah project

First Avenue for Real Estate Development has announced that its consortium has signed a framework agreement with the Royal Commission for Makkah City and Holy Sites and Jadwa Investment Company for the development of Eastern Hindawiyah, its flagship project in Makkah city. ...

Construction & Real Estate

Saudi Properties starts accepting foreign real estate ownership applications

Saudi Arabia's Real Estate General Authority (REGA) has announced the opening of applications for foreign real estate ownership through its Saudi Properties portal. This is the official portal for the Foreign Real Estate Ownership Law, following its coming into force from January. ...

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