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Tag: Real estate

Construction & Real Estate

Kingdom in deal with Sumou for $1bn prime Riyadh plots

Kingdom Holding Company has announced that its key subsidiaries have signed an agreement with Sumou Real Estate Company to manage infrastructure development and sale of 3.07 million sq m land plots in Riyadh. The project is estimated to generate approximately SAR4 billion ($1.08 billion) in total sales. ...

Construction & Real Estate

UAE real estate services market to surpass $26bn by 2031

The UAE real estate services market is projected to grow from AED74.53 billion in 2026 to AED97.60 billion ($26.41 billion) by 2031, expanding at a compound annual growth rate (CAGR) of 5.54%, according to a new study....

Construction & Real Estate

Dubai property market sales hit $48.11bn in Q1

The Dubai real estate market recorded 47,996 sales transactions worth AED176.7 billion ($48.11 billion) in Q1 2026, a 5.5% year-on-year increase in volume and a 23.4% rise in value, as the property sector showed strong resilience in March....

Construction & Real Estate

UAE banks’ real estate exposures key to Iran war asset quality risks: Fitch

UAE banks’ viability ratings could face risks from asset-quality deterioration, lower business volumes and higher impairments under the adverse scenario, where the impact of the Iran conflict is significantly more severe, with real estate lending seen as the most likely source of stress, according to Fitch Ratings. ...

Construction & Real Estate

Bahrain real estate activity surges in 2025 amid falling prices, rents

Bahrain’s real estate market recorded strong growth in transaction activity in 2025, even as prices and rents declined across several segments, highlighting uneven performance across the property sector. The total transaction value jumped 51.6% to BD1.6 billion ($4.2 billion), hitting a new high in over a decade, said an expert. ...

Construction & Real Estate

Abu Dhabi issues new decisions to boost real estate transparency

Abu Dhabi authorities have issued a package of administrative decisions to implement a new law related to the regulation of the emirate's real estate sector. These are aimed at boosting transparency, governance and creating a flexible legislative framework aligned with international best practices....

Construction & Real Estate

Dubai Investments profit surges 31pc in 2025 on higher rental income

Dubai Investments, a multi-asset investment group in the UAE, has reported a 31% increase in its annual profit before tax for FY 2025 which soared to AED1.7 billion ($463 million), supported by steady income across its diversified portfolio spanning real estate, manufacturing and investments. ...

Construction & Real Estate

Chestertons names new CEO to lead next phase of Mena growth

Chestertons, a leading real estate advisory firm, has appointed John Stevens, an industry veteran with over three decades of experience across the Middle East and Asia as its new CEO. This significant step in the firm’s growth across the region signals a decisive move to align leadership with a rapidly evolving market. ...

Construction & Real Estate

Diriyah unveils 1.9km main spine within mega Saudi development

Diriyah Company, the developer of Saudi Arabia's premier historical, cultural, and lifestyle destination, has announced the launch of a 1.9-km-long main spine within its mega development in the kingdom's ancient city. The GrandAvenue will boast iconic landmarks, hotels, offices, retail spaces and residential units. ...

Construction & Real Estate

Union Properties joins Massachusetts institute's industrial liaison programme

Dubai-based Union Properties has sealed a membership agreement with the Massachusetts Institute of Technology (MIT) through its globally recognised Industrial Liaison Programme in a move aimed at developing future-oriented models to help accelerate technology-led transformation in real estate. ...

Construction & Real Estate

UAE real estate to stay resilient, able to absorb shocks; expert

The UAE’s real estate market is one of the Gulf’s most resilient markets and is able to absorb geopolitical shocks thanks to its diversified investment base and openness to global capital flows, according to an expert....

Construction & Real Estate

Middle East conflict starting to strain credit channels: S&P

The gravity of the situation in the Middle East has moved from high to severe and consequently, the potential for events to weaken credit quality across sectors has increased, says an S&P Global Ratings report. ...

Construction & Real Estate

Residential unit sales of $20.69bn drive Abu Dhabi real estate market

Residential unit sales emerged as the primary growth driver for Abu Dhabi's real estate market in 2025, expanding from approximately AED19 billion in 2022 to AED76 billion ($20.69 billion) in 2025, representing a fourfold increase driven by off-plan sales growth and master-planned community development....

Construction & Real Estate

Al Futtaim, Siemens in deal to boost digital transformation in real estate

Al Futtaim Real Estate, a unit of leading UAE business conglomerate Al Futtaim, has announced a landmark strategic partnership with global technology powerhouse Siemens, in a major move aimed at accelerating the digital transformation and sustainability in the property sector....

Construction & Real Estate

Prime office shortage drives commercial buying in Dubai, says expert

Dubai’s real estate market is transitioning from the sharp acceleration of recent years into a more mature and sustainability-led growth phase, said an industry expert. While activity levels remain robust, the latest figures point to quality-driven demand across buyer segments. ...

Construction & Real Estate

Dubai completes 124 real estate projects worth $7.49bn in 2025

Dubai witnessed notable progress in the pace of real estate project completion in 2025, with the number of completed projects rising to 124, marking a 7% increase and a total value of AED27.5 billion ($7.49 billion), reflecting a 23% increase....

Construction & Real Estate

Kuwait's real estate transactions surge to $15bn in FY 2025

The volume of real estate transactions in Kuwait witnessed a remarkable growth for FY 2025 surging to hit KD4.58 billion ($15 billion) distributed over 6,086 transactions, compared to about KD3.73 billion resulting from 4,950 transactions the year before, according to a new report. ...

Construction & Real Estate

Abu Dhabi’s real estate market delivers record $38.67bn deals

Abu Dhabi’s real estate market recorded total transactions worth a record AED142 billion ($38.67 billion) from 42,814 deals in 2025, representing a 44% increase in value and a 52% rise in transaction volume compared to 2024....

Construction & Real Estate

Tissoli launches Phase 2 of flagship residential project in RAK

Tissoli, a leading real estate developer, has announced the sales launch of the second phase of its AED1.2 billion ($327 million) flagship development, Palazzo Tissoli, in Ras Al Khaimah. It involves a limited collection of fully furnished studios, and one-bedroom apartments featuring sweeping sea views. ...

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