Tecom Group, the creator of specialised business districts and vibrant communities, has delivered solid results for Q1, recording a net profit of AED755 million ($201 million), up 11% over last year driven by strong demand across its specialised business districts as well as commercial and industrial portfolios.
Dubai’s real estate market recorded over AED180 billion ($49 billion) in residential and commercial sales during the first three months of the year, supported by a surge in ultra-luxury property transactions and sustained demand across both sectors, according to a market report.
UAE's real estate market ended 2025 on a successful note thanks to the strong performance across its key sectors including commercial, residential and industrial, mainly driven by resilient non‑oil economic activity, population growth and sustained domestic and global investment appetite, said an industry expert.
Combined Group Contracting Company (CGC), a specialist in the construction of residential and commercial as well as roads and oil and gas projects, has secured contracts worth KD77.3 million ($252 million) from Kuwait Oil Company for the construction of flowlines and associated works.
Dubai Investments has announced that its real estate subsidiary DIR has unveiled a landmark mixed-use development - Al Vista - in Meydan. It comprises two towers - a 39-storey building featuring a total of 312 apartments and a 19-storey commercial tower.
Acres, a leading real estate exhibition, kicks off this month drawing some of the top property developers and investment companies to Sharjah. The four-day event will be featuring more than 200 projects covering residential, commercial, industrial and other key sectors.
His Majesty King Hamad was briefed on the proposed masterplan to redevelop Awali City in Bahrain, covering commercial, office and residential units as well as green spaces in addition to a pedestrian and sports pathway. It is aimed at preserving the architectural identity and urban heritage of the city.
