Bahrain Marina Development Company (BMDC), the master developer of the landmark Bahrain Marina waterfront project, has appointed Gagan Suri as its CEO as the development prepares for its operational launch. Suri brings over 25 years of leadership experience in large-scale urban development to his new role.
Yas Waterworld Yas Island, Abu Dhabi, the region’s leading waterpark, has officially unveiled its newest expansion, introducing a premium collection of 11 new slides and attractions that take aquatic adventure to new heights, said its senior officials.
Dubai’s Roads and Transport Authority (RTA) has announced the launch of sidewalk maintenance and rehabilitation works across the emirate, covering a total area of 90,000 sq m in line with approved preventive maintenance plans for 2026.
Saudi-based Al Ramz Real Estate Company has announced plans to set up a shariah-compliant real estate investment fund, aimed at developing a key residential project in Jeddah. Located within the Al Firdous district, the integrated community development will boast 900 residential units as well as key amenities.
R.Evolution, a pioneering real estate developer, has completed the superstructure of Eywa Tree of Life, a flagship residential development. It has also finalised the show residence of "the most health-conscious building" in the world, the developer said.
The Dubai real estate market recorded 47,996 sales transactions worth AED176.7 billion ($48.11 billion) in Q1 2026, a 5.5% year-on-year increase in volume and a 23.4% rise in value, as the property sector showed strong resilience in March.
Azizi Developments, a leading private developer in the UAE, has appointed Doka, a global leader in formwork and scaffolding, to provide a solution for the Burj Azizi Car Park Building 1 within one of the most space-constrained sites in the city.
UAE-based Alef Group has awarded the early works contract for its flagship project Olfah coming up in Sharjah. An integrated lifestyle destination, it features a mix of residential living, expansive green spaces and community amenities within a walkable urban environment.
UAE banks’ viability ratings could face risks from asset-quality deterioration, lower business volumes and higher impairments under the adverse scenario, where the impact of the Iran conflict is significantly more severe, with real estate lending seen as the most likely source of stress, according to Fitch Ratings.
Saudi Intermaint, a leading contractor delivering construction, fabrication and maintenance services for heavy industry across the Gulf, has secured its first EPC contract for a cement mill project. The scope of work includes engineering and execution capabilities at the plant.
