Construction & Real Estate

Emaar’s sales backlog at $49bn, collection rate at 98%, says Alabbar

Emaar Properties' sales backlog - the value of property sales yet to be recognised as revenue - stood at around AED180 billion ($49 billion), while indicating its collection rate reached 98% last year, recovering from a temporary decline during the regional tension, said Emaar Properties Founder and Managing Director Mohamed Alabbar....

Construction & Real Estate

Radisson ramps up Saudi expansion, eyes 100 properties by 2030

Radisson continues to expand in Saudi Arabia, with 50 hotels open and under development across the kingdom, as it targets 100 properties in operation by 2030. The group aims to open 1,000 more rooms in the country during the second half, said a top official....

Construction & Real Estate

Majority of Dubai homes scheduled for delivery this year already sold

Dubai's leading developers have already sold the vast majority of homes scheduled for delivery in 2026, while buyers have also snapped up 71.45% of the city's total off-plan pipeline due for completion between 2026 and 2029....

Construction & Real Estate

Abu Dhabi property market records $3.2bn in January sales

Abu Dhabi’s residential property market began 2026 on solid footing, netting AED12 billion ($3.2 billion) in total sales across 2,600 transactions in January, said a report. Off-plan properties accounted for 83% of total deals for the month, significantly outperforming the secondary market. ...