Leading UAE developer Arada has announced that it has begun the handover of 138 new apartments at its AED35 billion ($9.5 billion) Aljada megacommunity in Sharjah, following the completion of construction of the two Il Teatro Residences buildings.
Egis recently celebrated a significant milestone following the official opening of Yas Waterworld Yas Island after its key expansion that added 16,900 sq m of new facilities. Egis Engineering team had served as the lead design consultant for the revamp of the region’s leading water park.
MOMA International, a renowned architecture studio based in Dubai, has been appointed as the interior design consultant for Mondrian Al Marjan Island Beach Residences, a landmark beachfront development by Elevate and lifestyle hospitality company Ennismore in Ras Al Khaimah.
Leading masterdeveloper Nakheel has awarded an AED527 million ($143.4 million) contract to Al Nasr Contracting Company for primary infrastructure and utilities works on Island B at Dubai Islands. The scope includes roads and paving work, utility, telecom as well as drainage and sewage systems.
The total value of rental contracts in Dubai during Q1 2026 reached AED32.2 billion ($8.77 billion), reflecting a sustained pace of activity, according to data from the Dubai Land Department.
Oman Tourism Development Company (Omran) has invited qualified specialised and experienced contractors to submit bids for the design and construction of the main building and associated facilities for the Majlis Al Jinn Cave Development Project.
The National Bank of Bahrain (NBB) has announced a strategic collaboration with the Bank of London and The Middle East (BLME), a sharia-compliant bank in UK, to provide tailored UK property finance solutions to NBB’s eligible high net worth clientele.
Dubai-based Tiger Properties is gearing up for the official handover of its premium project - Sesilia Tower - located in Jumeirah Village Triangle (JVT). A 37-storey residential building, Sesilia features 360 apartments with a mix of studios, one-and two-bedroom units as well as other key amenities.
Dubai’s Roads and Transport Authority (RTA) has announced that it has completed the development work on Hessa Street - extending from Sheikh Zayed Road to Al Khail Road - over a 4.5-km-long stretch. The project involved widening the street, along with the bridges at some of its key intersections.
Saudi Energy said it has signed a SAR11.5 billion ($3.1 billion) agreement with Saudi Power Procurement Company (SPPC) for the Rabigh 2 IPP project located in Makkah province, which on completion will boast a large-scale CCGT power plant with 2,313.5 MW generation capacity.
