Dubai-based Avenew Development is entering the branded residences space following a strategic deal with Marriott International to develop The St. Regis Residences at Dubai Islands. It is ideal for those seeking a world-class living environment defined by structural quality, design and premium services.
The UAE real estate market extends growth momentum in Q3 with Abu Dhabi remaining on a stable long-term growth trajectory supported by rising demand, while Dubai continues to see unprecedented expansion with multiple projects, said a report.
Saudi sovereign wealth fund PIF said it has sold out a part of its stake in Umm Al Qura for Development and Construction Company (Masar), through an accelerated bookbuild offering. It comprises 48 million shares, representing 3.3% of Masar’s share capital.
Dubai-based Ellington Properties has announced the launch of Eltiera Views, its newest residential development set within Jumeirah Islands featuring a curated collection of one- to three-bed apartments and three- and four-bedroom penthouses.
Bombardier has announced that work is moving at a steady pace on its flagship 120,000-sq-ft service centre coming up at the Al Bateen Executive Airport. With the structural framework of the main building and hangar now rising, the key facility is on track to open in H2 2026.
Leading Bahraini developer Naseej has appointed DG Jones and Partners as the quantity surveying consultant for the infrastructure of its new project, Amwaj Avenue.
Group Amana, a leader in the design-build of industrial and commercial facilities, said it has completed delivery of six management residential buildings within the wider 13-building development at Turtle Bay Village - the residential hub for The Red Sea destination.
Mirage, a leading multidisciplinary engineering group, has been appointed as the project management consultant for Janu Hotel & Branded Residences on Al Marjan Island in Ras Al Khaimah. The project comprises a 132-key upscale hotel, five premium villas and 73 residential units.
Saudi-based Retal Urban Development Company said it has signed an agreement with National Housing Company (NHC) to build a major residential project in the Al Fursan suburb of Riyadh at a total investment of SAR5.2 billion ($1.39 billion).
Leading Bahraini developer Naseej has announced the completion of its Nasayim Arad smart villa project in record time. The project includes 17 villas equipped with smart home solutions for lighting, AC and safety systems in line with sustainability principles.
