Saudi Arabia Railways (SAR) is set to develop a hospitality-inspired residential community adjacent to the East Network station in Riyadh. Designed to cater to short- and long-term stays, it comprises more than 450 residential units and over 1,600 beds.
Wynn Resorts and Marjan have achieved a major construction milestone with the topping out of Wynn Al Marjan Island, the region’s first fully integrated resort in Ras Al Khiamah. Rising to 283m across 70 floors, the tower has achieved its highest structural concrete point.
RWinvest, an award-winning UK property investment company, has launched its first international headquarters in the UAE. The move marks a significant milestone in the business's 21-year journey and represents a strategic step in strengthening its global footprint.
The Islamic Development Bank (IsDB) has approved a $180.72 million funding for the King Faisal Highway Upgrade Project in Bahrain's capital Manama. The funding is part of a new package of projects totaling approximately $1.36 billion.
Saudi Arabia's Tourism Development Fund (TDF), Eastern Region Municipality, and Ajdan Real Estate Development Company have signed an agreement for the Ajdan Island tourism development project being set up at an investment of SAR300 million (about $80 million) on Al Khobar Corniche.
Palma Development has awarded a AED760 million ($206 million) contract to Khansaheb Civil Engineering for its premium project - West Residence - a 46-storey tower at Jumeirah Islands featuring 411 residences with a mix of one-, two- and three-bedroom units.
Saudi-based Alkhorayef Water and Power Technologies Company has announced the signing of contracts with National Water Company (NWC) for operation and maintenance (O&M) of water and wastewater networks in the Hafer Al-Batin governorates.
The competitive edge in Dubai’s luxury real estate market has now shifted towards quality of life, said a leading industry expert. Liveability is now the key as luxury properties that genuinely elevate wellbeing are the star attraction for UHNW residents.
Saudi-based Taiba Investments has announced that one of its key subsidiaries, Smart Hotel Zone Company, had signed up Al Saad Contracting Company for the construction of a 159-key hotel project within the STC Square mixed-use development in Riyadh.
Leading Saudi group Dar Al Majd Real Estate Company has announced that it has signed an agreement with the Jadwa Al Manzel Real Estate Fund for the development of three premium residential projects in Riyadh under the Off-Plan Sales Program (Wafi).
