Tag: UAE

Construction & Real Estate

Dubai, Abu Dhabi see robust demand for ultra-luxury homes

The prime UAE real estate markets of Dubai and Abu Dhabi have reported strong demand for ultra-luxury residential properties, thus reflecting growing investor confidence and an increasingly selective market where capital is concentrating in key locations and credible developments, said an industry expert. ...

Construction & Real Estate

Ajman's Q1 real estate valuation surges 63pc to $795m

The northern emirate of Ajman has recorded a notable increase in the number of real estate valuation transactions during the first quarter of this year, with growth reaching 63%, totalling AED2.92 billion ($795 million) across 961 transactions, said a report, citing a senior government official. ...

Construction & Real Estate

UAE launches innovative microgrid project for government buildings

The UAE's Ministry of Energy and Infrastructure (MoEI) has announced the launch of an innovative strategic project to implement microgrid systems, marking a significant step forward in reinforcing the country’s approach to building a smart, resilient, and adaptive energy ecosystem. ...

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 authorities review progress on $1.6bn Federal Corridor project

The UAE authorities have announced the details of the AED6 billion ($1.63 billion) Fourth Federal Corridor project, one of the country’s flagship road projects, which will see the construction of a 68-km road, featuring 10 major intersections, 6 to 8 lanes in each direction, and 4 flyovers. ...

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

Empower Insulated Pipe Systems delivers solid performance in 2025

Empower Insulated Pipe Systems (Elips), a subsidiary of Emirates Central Cooling Systems Corporation, recorded strong operational performance for FY 2025 expanding its regional and international reach. The year also witnessed the addition of more than 30 new vital projects to Elips' business portfolio. ...

Construction & Real Estate

Four global firms in race for 3GW Al Nouf 1 CCGT plant

Emirates Water and Electricity Company (Ewec) has announced that it has received four competitive proposals for the development of Al Nouf 1 Independent Power Producer (IPP) project. The country's largest single-site carbon-capture-ready CCGT plant, it will generate up to 3.3GW power once operational. ...

Construction & Real Estate

Arada starts handover of five new residential blocks in Sharjah mega project

UAE developer Arada said it has completed the construction and begun handover of five new residential blocks in Naseej District within its AED35 billion ($9.5 billion) Aljada megacommunity in Sharjah. It comprises 482 apartments with a mix of one- to three-bedroom units along with smart home features....

Construction & Real Estate

UAE advances global water security through innovation, sustainability

The UAE is marking this year's World Water Day reaffirming its commitment to advancing global water security and sustainable water resources solutions. It's water strategy is underpinned by major financial pledges, including its $150 million COP28 pledge and the $60 million 'Clean Rivers' programme. ...

Construction & Real Estate

Azizi's metro-linked residential project in Dubai 55pc complete

UAE-based Azizi Developments has announced that work is moving at a steady pace on its contemporary, metro-connected residential development - Azizi Zain - within the Al Furjan community development in Dubai, with nearly 55% of the project already completed. ...

Construction & Real Estate

Arada offers free accommodation for stranded UAE passengers at Aljada

Arada Foundation said it has expanded its emergency accommodation support for travellers stranded in the UAE due to flight cancellations, opening 150 rooms at Aljada in Sharjah - free of charge. The move comes after an initial allocation of 100 rooms at Nest Hotel was fully booked, prompting Arada to release another 50 rooms. ...

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

Gaza firm 'to build' UAE-funded housing compound near Rafah

A Gaza firm has been contracted to build an Emirati-funded compound for displaced Palestinians in a part of the territory under Israeli military control, reported Reuters. Spanning 74 acres near Rafa, it will be able to house tens of thousands of people in pre-fabricated trailer-style units stacked multiple storeys high. ...

Construction & Real Estate

Revealed: MOON Smart City masterplan, UAE among possible locations

Moon World Resorts, a Canadian-based design studio, has announced the debut of MOON’s revolutionary Smart City masterplan. The masterplan combines a unique integrated destination resort, luxury living, authentic space tourism, wellness + longevity and environmental innovation....

Construction & Real Estate

How Tiger Downtown Ajman is helping shape the next chapter of community living in UAE

Community living in the UAE has changed a lot over the last twenty years. It is no longer enough to deliver a tower with a pool and a gym and call it a day. Residents want walkable neighbourhoods, real public spaces, water, greenery, and a sense that their home is part of a bigger story. With Tiger Downtown Ajman, Tiger Properties is taking that idea a step further in Ajman....

Construction & Real Estate

UAE signs deal to launch phase four of airspace restructuring project

UAE’s civil aviation and defence ministries have signed an agreement for the implementation of Phase IV of the country’s Airspace Restructuring Project, that will focus on upgrading air traffic management systems and boosting air route capacity while supporting planned expansions by airports and national carriers. ...