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Tag: Real estate

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. ...

Construction & Real Estate

fäm sells prime Business Bay office space for record AED124m

UAE-based fäm Properties has announced that it has facilitated the sale of 40,000 sq ft of office space at Vision Tower in Business Bay for a record AED124 million ($33.8 million). It is the biggest commercial real estate deal of its kind recorded in Dubai. ...

Construction & Real Estate

Marjan boosts sustainability credentials with EarthCheck certification

Marjan Group, a key real estate developer in UAE, has announced that it has retained its EarthCheck Silver Certification for 2024, thus strengthening its role in shaping sustainable, future-ready destinations, through responsible development, environmental stewardship and long-term value creation across Ras Al Khaimah. ...

Construction & Real Estate

MERED marks key construction milestone at its 66-storey Dubai tower

MERED, a leading real estate developer, has achieved a major safety milestone by clocking 3 million safe man-hours without a lost time injury (LTI) at its ICONIC Residences Design by Pininfarina. The 66-storey tower continues to rise at an impressive pace, with it now reaching Level 31. ...

Construction & Real Estate

Transformation reshapes Middle East retail real estate landscape, says expert

The Middle East retail real estate industry leaders are set to rethink the operating models as the forces reshaping the retail sector are converging faster than most operators recognise, said an industry expert, addding traditional space-centric models are no longer sufficient for what lies ahead. ...

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