Abu Dhabi National Company for Building Materials (BILDCO) has announced a strategic partnership with Wujod Real Estate Development to develop an integrated sustainable city in Abu Dhabi with an initial investment of AED2 billion ($544.4 million) in the first phase.
The UAE real estate market is navigating a transition period as it moves beyond the exceptional momentum of 2025 toward a more measured, mature phase, supported by strong fundamentals and ongoing infrastructure investment, said a Colliers report.
Forbes Middle East will host the second edition of its Building the Future Summit on June 23 and 24 at Conrad Abu Dhabi Etihad Towers, bringing together top government officials, real estate developers, investors, architects and technology innovators to discuss the future of urban development across the Middle East and North Africa (MENA).
Abu Dhabi has announced the opening of its first fully integrated solar-powered community port - Al Dhannah Community Harbour - following its modernisation and expansion, adding key facilities including a public marina with 16 berths, 99 dry-parking spaces and two boat maintenance units.
Residential unit sales in Abu Dhabi during March and April remained stable, with April exceeding 3,200 residential units sold and AED13 billion ($3.45 billion) in sales value, said a report from the Abu Dhabi Real Estate Centre (ADREC), the custodian and regulator of Abu Dhabi’s real estate sector.
UAE-based Trojan Construction Holding has joined hands with Orascom Construction for the establishment of a new company - Everwater for Treatment Systems - headquartered in Abu Dhabi dedicated to delivering EPC and O&M services for large-scale water infrastructure projects across the region.
Emirates Palace Company, with LEAD Development and Mandarin Oriental Hotel Group, has announced 35 private residences at Emirates Palace Abu Dhabi, scheduled for completion in 2029.
Dubai Taxi Company (DTC), a leading provider of mobility services in Dubai, and its strategic partner Bolt today announced the entry of Bolt’s ride-hailing services in Abu Dhabi, marking a significant step in the partnership’s expansion across the UAE.
Investcorp, a global alternative investment firm based in Bahrain, has announced that one of its key units, Investcorp Capital, has acquired a diversified US industrial real estate portfolio worth $200 million. It comprises 19 industrial properties spanning over 1.4 million sq ft across DFW, Chicago, Indianapolis and Cincinnati.
A fire broke out after a drone strike in an electrical generator outside the inner perimeter of the Barakah Nuclear Power Plant in the Al Dhafra Region in the UAE.
