Saudi Arabia’s Red Sea tourism destination has begun commercial operations in one of the world’s largest integrated off-grid utilities system, powered entirely by renewable energy, thus marking a new phase in the development of the multibillion-dollar destination.
Fakhruddin Properties has announced the launch of its premier mixed-use development - Tréppan Vision - in Dubai featuring 463 units across three asset classes: 408 apartments, 48 office suites and seven retail units. The residential mix, where robots become part of everyday life, will include 252 smart studios, 108 one- and 48 two-bed residences.
Dubai completed 104 real estate projects worth AED111 billion ($30.22 billion) in the first half (H1) of 2026, adding 24,537 units to the market.
Cityscape Qatar, the country’s premier property and investment showcase, returns to the Doha Exhibition & Convention Center (DECC) from October 27 to 29 with more than 400 live projects.
First Abu Dhabi Bank (FAB), the UAE’s global bank and one of the world’s largest financial institutions, has become the first bank in the Middle East and North Africa (MENA) region to sign the UN Sustainable Blue Economy Finance Principles, and establish a AED100 billion ($27.23) blue finance target to support water and blue economy-related financing between 2026 and 2035.
The King Abdulaziz Centre for World Culture (Ithra), an Aramco initiative, has opened registration for the eighth edition of Ithra Design Challenges.
Indian group Garuda Construction and Engineering said its key subsidiary, Dream City Builders has secured a contract for the development of a 93-storey twisting tower in the Saudi city of Jeddah featuring a five-star hotel with 350 rooms and a diamond-shaped rooftop restaurant.
Red Sea Global has announced the opening of Nammos Resort Amaala, a luxury development of the globally renowned lifestyle brand Nammos located on Saudi Arabia's Red Sea coast. Designed by the renowned architectural firm Foster + Partners, the resort features 110 keys and 20 private residences.
Saudi Arabia's construction activity accelerated in August, driven by a robust increase in residential building and stronger new orders. The seasonally adjusted index rose to 55.4 in August from 55.2 in July, according to the latest Alrajhi capital Saudi Construction Index compiled by S&P Global.
Saudi Arabia's Public Investment Fund (PIF) today launched Gulf Coast Development Company to create an integrated tourist and residential destination on the Al-Khafji coast overlooking the Arabian Gulf.
