Leading developer Aldar has unveiled Yas Point, a AED6 billion ($1.63 billion) waterfront destination on the northern shore of Yas Island that will deliver 1,600 homes for around 5,000 residents.
Leading UAE integrated facilities management provider, Emrill, has opened a new central warehouse in Ras Al Khor, Dubai, further enhancing operational efficiency, improving material distribution and supporting more sustainable operations.
Leading Emirati developer Modon has signed an agreement with Abu Dhabi Islamic Bank (ADIB) to introduce a first-of-its-kind home financing solution in the UAE capital for off-plan property purchases. Under this, eligible homebuyers will be able to access 75% off-plan home financing through ADIB.
Dubai’s Community Development Authority (CDA) has signed an agreement with UAEV, the country’s first fully government-owned electric vehicle charging network, for setting up EV charging stations across its key facilities, including community councils (Majlis) and wedding halls.
Diriyah Company has awarded the main construction works contract worth SAR393 million ($105 million) to Saudi Arabian Trading & Construction Company (Satco) for its Heroes’ Park, a landmark lifestyle project coming up within its masterplanned development.
Dubai’s Roads and Transport Authority (RTA), in collaboration with Keolis MHI, operator of Dubai Metro and Dubai Tram, has completed the comprehensive maintenance project for the train ventilation and air conditioning (VAC) systems on Dubai Metro, with works covering 62 trains to date.
Damac Properties, a leading real estate developer in UAE, has announced the handover of 8,800 residential units across Dubai in 2026. This is alongside more than AED10 billion ($2.27 billion) worth of construction contracts awarded during the first half of the year.
Saudi Arabia's King Salman International Airport Development Company (KSIADC) is preparing to tender two new infrastructure contracts for King Salman airport in Riyadh after completing the contractor prequalification stage. It aims to accommodate up to 120 million passengers by 2030, said a report.
Saudi Entertainment Ventures (SEVEN) will officially open its first entertainment destination in the kingdom on August 5, marking a major milestone in the roll-out of its nationwide programme of large-scale leisure developments and a significant step in Saudi Arabia's drive to expand its tourism and entertainment offering under Vision 2030.
Saudi-based Asas Makeen Real Estate Development has signed a framework agreement with two key entities - Middle East Financial Investment and Binaa Altharwat Company - to set up a real estate investment fund for the development of prime land owned by the company in Riyadh.
