International developer BCD Global has broken ground on its first project in the Warsan district of Dubai, thus marking the start of construction on a freehold housing development aimed at mid-market and long-term investors, with one- and two-bedroom apartments.
Saudi Arabia’s Real Estate General Authority has announced that the new laws allowing foreign companies as well as expats to own a wider range of local real estate assets have officially come into effect. With this, all provisions are now enforceable under the national real estate framework.
Source of Fate (SoF), a high-end luxury real estate developer, has started work on its AED2.6 billion ($707 million) luxury waterfront project - Miraggio - located on Al Marjan Island in Ras Al Khaimah, featuring 810 residential units with a mix of studios and one- to three-bedroom apartments as well as premium amenities.
Arada, a UAE-headquartered developer, registered year-on-year sales growth of 199% in the UAE during 2025, with AED17.3 billion ($4.71 billion) worth of homes sold across master-planned communities and luxury developments in Dubai and Sharjah.
Ithmaar Development Company (IDC), a specialised company in the development and management of major development, real estate and other infrastructure projects, and a wholly-owned subsidiary of Ithmaar Group, has appointed Nayef Nasser Alnasser as a Managing Director of IDC, succeeding Mohammed Khalil Alsayed.
Emirates Developments has announced the signing of a landmark agreement with Jumeirah, a member of Dubai Holding, to develop Jumeirah Residences Al Maryah Island – a new expression of elevated living featuring 253 apartments in the range of one-to-five-bedroom units and other amenities.
Dubai-based Avenew Development has awarded the main construction contract for Avenew 888, its flagship residential development in Dubai South, to Al Masaood National General Contracting.
Dubai-based Mashriq Elite Real Estate Developments is set to release over 1,200 units in Dubai’s surging residential property market in the next two years, with anticipated handover of 380 apartments in the Q4 alone this year across its projects in Arjan and Discovery Gardens.
Vennre, the private markets investment platform headquartered in Riyadh and London, has announced its first Saudi real estate deal through a regulated development fund within the Masar project in Makkah, thus marking a milestone in the firm’s expansion within the kingdom.
Dar Global, a major real estate developer, has announced the official launch of Trump Plaza Jeddah, thus marking its third collaboration with The Trump Organisation in Saudi Arabia. Valued at over $1 billion, this landmark development is set to redefine luxury urban living in the Saudi city.
