Tuesday, October 20, 2026
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Tag: housing

Construction & Real Estate

Global construction activity to surge over 70pc by 2050, says report

Global construction activity is forecast to rise more than 70% by 2050, reaching $16.6 trillion, mainly driven by five megatrends: population growth and urbanisation; infrastructure and housing deficits; climate adaptation; sovereignty and strategic resilience; and high-tech infrastructure, said a report. ...

Construction & Real Estate

Muharraq Development Project Phase I work enters fast-track

Steady progress is being made on the Muharraq Development Project with the Phase I work, which includes the construction and restoration of 300 housing units across six neighbourhoods as well as road and infrastructure development works, entering fast track, said a report. ...

Construction & Real Estate

Work in full swing on $852m Abu Dhabi integrated residential community

LEAD Real Estate has announced that work is moving at a steady pace on its AED3.13 billion ($852 million) Al Dhaher Housing Project, an integrated community development in Al Ain. Set for completion in Q4 2028, Phase I of the project will feature 1,000 villas with a mix of four- to six-bedroom units. ...

Construction & Real Estate

Abu Dhabi approves bigger homes under Shuwaib housing programme

The Department of Municipalities and Transport (DMT) has increased the maximum gross floor area allowed for homes in the Shuwaib National Housing Project to 900 sq m in co-ordination with Abu Dhabi Housing Authority, thus giving Emirati families greater flexibility to expand and customise their homes. ...

Construction & Real Estate

RCRC readies 456-sq-km master plan for Northeast Riyadh

The Royal Commission for Riyadh City (RCRC) said it had completed the master plan for Northeast Riyadh, laying out the framework for the development of a 456-sq-km area earmarked for future infrastructure, housing and commercial investment. ...

Construction & Real Estate

Saudi Arabia expands its public green spaces by 6m sq m

Saudi Arabia's Ministry of Municipalities and Housing has developed approximately 6 million sq m of public parks across the kingdom between 2023 and 2025 through private sector investment models, generating an estimated financial impact of SAR2.4 billion ($639 million). ...

Construction & Real Estate

Aldar announces $762m residential development plan in Abu Dhabi

Leading UAE developer Aldar is set to build two integrated communities in Mohamed Bin Zayed City and Baniyas in Abu Dhabi that will deliver 9,000 new residential units across the emirate. With AED2.8 billion ($762 million) gross development value, these projects will add to Aldar’s develop-to-hold pipeline. ...

Construction & Real Estate

Abu Dhabi summit to showcase $57bn infrastructure pipeline

The second edition of Abu Dhabi Infrastructure Summit (ADIS) kicks off in May this year at the ADNEC Centre, anchored by the emirate's $57 billion infrastructure pipeline spanning housing, transport, culture, education, and social infrastructure, said the event organisers. ...

Construction & Real Estate

Kuwait records solid progress in road infrastructure, building works

Kuwait has reported significant progress in its projects for February, with infrastructure and building works advancing at a rapid pace across several housing cities including Al Mutlaa City (where 170 buildings are under construction) and South Sabah Al Ahmad City (where key roads works are underway). ...

Construction & Real Estate

Abu Dhabi, Dubai approve $2.59bn housing benefits to citizens

Abu Dhabi and Dubai have approved major housing benefits totalling AED9.52 billion ($2.59 billion) for their citizens ahead of Eid-Al-Fitr, reflecting the leadership’s ongoing commitment to enhancing Emirati families’ wellbeing. ...

Construction & Real Estate

Saudi Arabia, UN working towards new national urban policy

Saudi housing ministry, in partnership with United Nations Development Programme and UN-Habitat, aims to set up the National Urban Policy that can serve as a cohesive framework linking economic diversification, housing, infrastructure and environmental sustainability across cities and regions in the kingdom. ...

Construction & Real Estate

300,000 homes planned for Riyadh in next 3 years

Saudi Arabia plans to deliver more than 300,000 new housing units in Riyadh over the next three years, Minister of Municipalities and Housing Majed Al-Hogail said on Sunday, underscoring the Kingdom’s push to balance supply and demand in its real estate market....

Construction & Real Estate

UAE cabinet approval for $680m housing initiatives in 2025

The UAE’s cabinet had approved 3,567 housing decisions worth AED2.55 billion ($680 million) in 2025, said a report. This federal support included a mix of residential, financing and government grants for low-income families and government housing schemes. ...

Construction & Real Estate

57,000 new units in Riyadh’s 2026-27 residential pipeline, says report

Residential sales values in Riyadh hit SAR17.6 billion ($4.69 billion) in Q3 as the city prepares to deliver 57,000 new units in 2026-27, said a report. Property purchases across key cities will rise further in 2026 as new foreign ownership law takes effect. ...

Construction & Real Estate

Bahrain announces housing packages for 7,000 citizens

His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister of Bahrain has directed officials to boost the kingdom's housing services, which can be availed of by 7,000 citizens. This is in line with the orders of His Majesty King Hamad to accelerate the delivery of 50,000 new housing units, said a report. ...

Construction & Real Estate

UAE cabinet approves $707m housing package for 2025

The UAE cabinet has approved 3,567 housing packages for Emirati citizens worth a total AED2.6 billion ($707 million) during 2025, including 524 presidential grants; 623 government housing as well as 2,388 housing financing decisions. ...