Construction & Real Estate

Solid response for Manchester City Yas Residences Phase 2 units

UAE-based Ohana Development said it has achieved a key milestone by selling 92% units in Phase 2 of its Manchester City Yas Residences waterfront community in Abu Dhabi, under 48 hours of the sales launch. This comes following the complete sell-out of the project's first phase earlier this year. ...

Construction & Real Estate

Tasnee completes $182m sale of Al Rowad Industrial Transformation Company

Saudi National Industrialization Company (Tasnee) has completed the sale of 100% of the share capital of Al Rowad Industrial Transformation Company to Saudi Holding Company for Conversion Industries (Tahweel Holding), with the final transaction consideration set at SAR683.979 million ($182.4 million)....

Construction & Real Estate

Adeer signs Jeddah Oasis plot sale deal with Sumou

Saudi-based Adeer Real Estate Company said it had signed an agreement with Sumou Holding for the marketing and sale of developed land plots within the Jeddah Oasis masterplan, a 707,254-sq-m mixed-use development in the Saudi port city....

Construction & Real Estate

fäm sells prime Business Bay office space for record AED124m

UAE-based fäm Properties has announced that it has facilitated the sale of 40,000 sq ft of office space at Vision Tower in Business Bay for a record AED124 million ($33.8 million). It is the biggest commercial real estate deal of its kind recorded in Dubai. ...

Construction & Real Estate

Equitativa sells prime commercial building in Dubai

Equitativa, a top REIT manager in the Gulf region, has announced the successful sale of its prime commercial building located on Sheikh Zayed Road. A mixed-use retail and office building, Indigo 7 enjoys excellent visibility and features 1,902 sq m of prime retail and office space. ...

Construction & Real Estate

Saudi Arabia's cement sales in Q1 down 4.7pc

The cement sales volumes across the Kingdom of Saudi Arabia declined by 6.7% y-o-y and 21.3% m-o-m to hit 3.37 MT, reflecting the holiday effect and recent geopolitical developments, according to a new report. The sales volume for the first three months fell by 4.7% y-o-y to 12.76 MT. ...

Construction & Real Estate

SmartCrowd exits DIFC duplex apartment flip at 22.5% above target

SmartCrowd, a key player in the region’s evolving proptech investment landscape, has announced the successful exit of a three-bedroom duplex apartment in global commerce hub Dubai International Financial Centre (DIFC) following a targeted value-add renovation, achieving a record sale price of AED8.7 million ($2.3 million). ...

Construction & Real Estate

Dubai's property sector rounds off 2025 with record sales

Dubai's property sector capped a historic year in 2025 with both primary and resale markets posting strong gains, while rising property values and accelerated construction activity signalled continued market strength heading into 2026, said a report. ...