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Tag: residential

Construction & Real Estate

Dammam residential property sales surges 71pc to $947m in Q1

Dammam is dominating Saudi Arabia’s residential property sector growth, with quarterly sales values rising 71% to reach SAR3.6 billion ($947 million) in Q1, said a report. Around 2,900 homes were sold in the Saudi city from January to March this year, up 41% over the previous quarter. ...

Construction & Real Estate

JAD Global breaks ground on prime residential development in Dubai

JAD Global Real Estate Development has officially broken ground on J188, its latest premium residential project at Al Jaddaf, Dubai. The premium development features one- and two-bedroom residences with dual views of the Downtown skyline and Dubai Creek Harbour. ...

Construction & Real Estate

Umm Al Qura signs deal to sell three prime Makkah residential plots for $118m

Leading Saudi developer Umm Al Qura has announced that it has signed reservation agreements with a real estate fund managed by Watheeq Capital for the sale of three land plots within its mega Masar Destination project in Makkah for a total value of SAR441.1 million ($118 million). ...

Construction & Real Estate

Asas Makeen in deal to develop a 290-unit residential project in Riyadh

Saudi real estate developer Asas Makeen said it had signed an agreement with a fund managed by BLOM Invest Saudi Arabia to develop a 290-unit residential project on a 16,621-sq-m area within the Al Narjis district in Riyadh. The entire work will be completed in 18 months. ...

Construction & Real Estate

Jabeen in deal to build 200 residential villas in Saudi industrial city

Jubail and Yanbu Industrial Cities Services Company (Jabeen) has sealed an agreement with Yanbu Aramco Sinopec Refining Company (Yasref) for the funding and construction of 200 residential villas in Yanbu Industrial City, in partnership with the Royal Commission for Jubail and Yanbu. ...

Construction & Real Estate

Ras Al Khaimah set to deliver over 25,000 new homes by 2030

Ras Al Khaimah is expected to add more than 25,000 residential units over the next four years, with apartments accounting for 97% of the planned supply, mainly driven by population growth, higher foreign investment and expanding business activity in the emirate, said an real estate industry expert....

Construction & Real Estate

25,600 new residential units in pipeline in Ras Al Khaimah

The Emirate of Ras Al Khaimah (RAK) has 25,600 new residential units in the pipeline between now and 2030, with apartments accounting for 97% of future supply, according to new insight from leading real estate advisory group Cavendish Maxwell. ...

Construction & Real Estate

Preston unveils prime boutique development in Dubai South

Preston Development has officially launched its prime residential project - One By Preston - in Dubai South following the successful approval of its Escrow Account. The boutique development features 56 apartments with a mix of studios, one- and two-bedroom units. ...

Construction & Real Estate

Saudi residential, infrastructure projects drive construction growth in June

Business activity across the Saudi construction sector gained considerable momentum in June, supported by stronger performances across residential, non-residential structures (office/commercial, institutional, industrial) as well as infrastructure (transportation, energy/utilities), said a report. ...

Construction & Real Estate

Retal in deal with Roshn to build 163 residential units in Makkah

Saudi-based Retal Urban Development Company has announced that it had signed conditional agreements with Roshn, a leading multi-asset class developer powered by PIF, for the development of 163 residential units within its AlManar community in Makkah city....

Construction & Real Estate

Al Ramz, Oud Capital to launch $267m Saudi real estate fund

Saudi-based Al Ramz Real Estate has joined hands with Oud Capital to set up a new shariah-compliant real estate investment fund with a target size of over SAR1 billion ($267 million). It aims to develop more than 800 residential units on 70,516 sq m of company-owned land in the kingdom. ...

Construction & Real Estate

10 Design unveils Al Barari’s nature-led residential development in Dubai

10 Design, a global architecture and masterplanning practice based in UK, has unveiled its vision for The Cape, a key residential project within the Al Barari masterplan in Dubai. Spanning 140,000 sq ft, the scheme features 286 apartments, ranging from one-bedroom units to four-bed duplexes. ...

Construction & Real Estate

Sobha Realty seals home financing agreement with NBQ

Sobha Realty, a leading luxury real-estate developer globally, has announced that it has signed an agreement with National Bank of Umm Al Qaiwain (NBQ) to provide preferential mortgage and financing solutions for customers purchasing off-plan residential units across its developments. ...

Construction & Real Estate

Abu Dhabi unveils $201m residential community development

Abu Dhabi has announced the opening of the Al Samha Housing Project, a AED738 million ($201 million) development spanning 50 hectares featuring a total of 242 villas in addition to 33 parks and green spaces and two commercial complexes housing 38 retail outlets as well as a 3km cycling track. ...

Construction & Real Estate

Ellington announces launch of 209 design-led residences in Meydan

Ellington Properties, a leading design-led real estate group, has announced the launch of its newest residential development, Everly Place, located at Meydan Horizon in Dubai featuring 209 residences across a curated mix of one - to three-bedroom apartments overlooking the crystal lagoon. ...

Construction & Real Estate

Abu Dhabi residential market posts record Q1 with $10.4bn in sales

Abu Dhabi’s residential real estate sector delivered its strongest first quarter on record this year, with AED38.1 billion ($10.4 billion) worth of sales across 8,100 transactions, said a top property consultancy, adding that Yas Island was in pole position for biggest jump in sales and rental prices. ...

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....

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