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Tag: UAE

Construction & Real Estate

UAE's PropTech sector to hit $1.6bn by 2032, says report

UAE's PropTech sector is poised for solid growth over the coming years with the market set to hit AED5.95 billion ($1.6 billion) by 2032 with a CAGR of 13.28% between 2026 and 2032, thanks mainly to Virtual Reality and Augmented Reality technologies that are driving this evolution, said a report. ...

Construction & Real Estate

ALEC H1 revenue jumps 68pc to $2.4bn on project execution

UAE-based engineering and construction group ALEC Holdings has recorded a 67.6% jump in its H1 revenue which rose to AED8.99 billion ($2.45 billion), helped by higher activity across its major projects, while profitability was hit by disruptions to energy services amid regional geopolitical tensions. ...

Construction & Real Estate

Emirates Global Aluminium net profit surges 34pc to $670m in H1

Emirates Global Aluminium (EGA) has announced robust results for the first half, recording a 34% jump in adjusted net profit which rose to AED2.46 billion ($670 million) from AED1.84 billion ($500 million) helped by higher realised aluminium prices and stronger regional premiums. ...

Construction & Real Estate

Turkish builder Kalyon Inşaat starts work on UAE's first high-speed railway

Turkish construction company Kalyon Inşaat has announced that its consortium has begun work on the Abu Dhabi section of the UAE's first high-speed railway network, a part of Etihad Rail's $13 billion plan to develop a passenger railway network spanning 900km across the emirates. ...

Construction & Real Estate

RAK Ceramics Q2 profit rises on big UAE, Saudi demand

RAK Ceramics, a leading UAE ceramics brand, has reported a higher second-quarter net profit, which surged by 2.9%, while its revenue hit AED823 million ($224 million) supported by demand in UAE, Saudi Arabia and Bangladesh despite regional disruptions and higher logistics costs. ...

Construction & Real Estate

BNW to build 10,000 new residences in UAE over next four years

UAE-based BNW Developments has announced plans to develop around 10,000 homes across Dubai and Ras Al Khaimah over the next four years as it expands its footprint in the UAE, with Indian investors emerging as a key contributor to its growth strategy. ...

Construction & Real Estate

Mohammed Bin Rashid Housing Establishment seals partnership with Amana

Mohammed Bin Rashid Housing Establishment has signed an agreement with UAE-based Amana Contracting and Steel Buildings, in a move aimed at strengthening co-operation and working together on projects of mutual interest and facilitating the exchange of technical and specialised expertise....

Construction & Real Estate

Aldar unveils first residential community at $1.6bn Yas Island project

Leading UAE developer Aldar has announced the launch of Canopies, the first residential community at Yas Point, a AED6 billion ($1.6 billion) waterfront destination on Yas Island's northern shore. It comprises 592 apartments across six mid-rise buildings, offering studios and one- to three-bedroom units. ...

Construction & Real Estate

UAE developers shift focus to execution as construction output seen at $131bn

The UAE's construction sector is moving beyond rapid expansion, with developers increasingly focused on project execution, sustainability and regulatory compliance, as construction output is forecast to reach $130.8 billion within the next three years, according to a report....

Construction & Real Estate

Trojan unit secures $1.1bn contract to build flagship Qiddiya racecourse

Saudi-based Qiddiya Investment Company (QIC) has awarded a SAR4.3 billion ($1.1 billion) construction contract to Taj Dhabi, the local unit of UAE-based Trojan Construction, for the development of a purpose-built racecourse sprawling over 1.3 million sq m on the outskirts of Riyadh, said a report. ...

Construction & Real Estate

Prime Inspections expands home inspection services across UAE

Dubai-based Prime Inspections & Snagging has announced the expansion of its home inspection services across all seven emirates. Its services cover new handover snagging, resale property, contractor work and complete building inspection as well as water leakage and pool inspection. ...

Construction & Real Estate

Etihad Rail to launch inaugural passenger service from June 30

Etihad Rail, the developer and operator of the UAE's national railway network, is set to launch its first passenger service between Abu Dhabi and the northern emirate of Fujairah on June 30, thus marking a new chapter in the country’s infrastructure development....

Construction & Real Estate

UAE showcases its future cities model at BRICS Urban Forum in India

The UAE highlighted its pioneering experience in developing sustainable, resilient, and people-centered cities that leverage advanced technologies and data-driven approaches to support urban planning and decision-making at the 13th BRICS Urban Forum, hosted in New Delhi, India. ...

Construction & Real Estate

Arada unveils premium residential development in London

Leading UAE developer Arada has begun the pre-launch phase at 100 Avenue Road, a new residential development in North West London. Set for completion in Q4 2028, the 172-storey apartment building features a mix of studios to three bed-room apartments along with premium amenities....

Construction & Real Estate

UAE midday outdoor work ban begins today

The UAE today begins implementing its midday break (occupational heat stress prevention policy) which prohibits outdoor work under direct sunlight daily from 12:30 pm to 3:00 pm....

Construction & Real Estate

GFH, Octo in deal to develop $300m logistics and industrial platform

GFH, a leading Islamic investment bank, has announced that it has sealed a strategic agreement with Octo Management Consultancies to collaborate on the development of a $300 million logistics and industrial real estate platform across the UAE and the Kingdom of Saudi Arabia. ...

Construction & Real Estate

UAE sees double-digit office rent growth, retail vacancy tightens: JLL

Strong market fundamentals cushioned the impact of broader regional uncertainties, driving resilience and sustained growth across prime office and retail segments in both Dubai and Abu Dhabi in the first quarter of 2026, according to JLL’s latest Real Estate Market Dynamics report. ...

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