Dubai master developer Damac has announced that work is in full swing on its Safa One development which continues rise steadily on the Dubai skyline. The overall construction stands at 56% completion, with core wall levels advancing to Level 46 in Tower A and Level 49 in Tower B.
Dubai South Properties has awarded AED2 billion ($544 million) contract to Mohammed Abdulmohsin Al Kharafi & Sons for the development of multiple phases of Hayat by Dubai South. A luxury master-planned community, it will feature 2,500 residential units including townhouses, villas as well as mansions.
Mered, a leading real estate developer, has reported significant progress on its ultra-luxury residential tower - Iconic Residences Design by Pininfarina - with its fully mobilised teams achieving key milestones in structural works, MEP systems, interior fit-outs, and material co-ordination.
UAE developer Arada said it has completed the construction and begun handover of five new residential blocks in Naseej District within its AED35 billion ($9.5 billion) Aljada megacommunity in Sharjah. It comprises 482 apartments with a mix of one- to three-bedroom units along with smart home features.
Jubail Island Investment Company has awarded a contract to Arabian Construction Company (ACC) to deliver Packages 1 to 5 within its mega development in Abu Dhabi. The scope of work includes construction of premium three- to six-bedroom villas along with other key amenities.
Leading UAE developer Arada has achieved a key milestone with the sale of a five-bedroom residence at Armani Beach Residences at Palm Jumeirah in Dubai for AED92.5 million ($25 million) to Francis Ngannou, the Cameroonian former UFC heavyweight champion and professional boxer.
Dubai Municipality has announced the deployment of an advanced, technology-driven beach safety system that combines next-generation aquatic rescue robotics with aerial water-rescue drones, reinforcing Dubai’s position as a regional and global pioneer in smart coastal safety.
The King Salman Park Foundation has awarded a major development contract for a mixed-use district being set up in Riyadh’s King Salman Park to a consortium led by Kolaghassi Development Company. The premium Metro-linked district is being developed at an investment of SAR11 billion ($3 billion).
UAE-based Imtiaz Developments said it has achieved a key milestone by becoming the first developer in Dubai to complete and hand over a signature residential project at Dubai Islands. This feat was made possible with the successful delivery of Beach Walk by Imtiaz.
Saudi-based Misk Foundation has appointed Eng. Sami bin Jasser Al Jasser, a strategic development expert, as the new Chief Executive Officer of its mega Mohammed bin Salman Nonprofit City (Misk City) - a first-of-its-kind project coming up on a 3.4-sq-km area in capital Riyadh.
