Sobha Realty, a leading global luxury real estate developer, is planning to hand over 6,819 units across Dubai in 2026, representing a total sales value of approximately AED21.6 billion ($5.88 billion).
Residential developers are under mounting pressure to meet evolving buyer expectations and stricter sustainability standards while delivering long-term value. As the global construction industry is set to hit $16.1 trillion by 2030, high-performance homes are emerging as a key solution, said an industry expert.
Abu Dhabi-based Modon Holding has joined hands with hospitality brand Nammos for the launch of its first fully integrated destination in Egypt - Nammos Ras El Hekma. Part of the $35 billion Ras El Hekma masterplan, it will boast branded homes, a luxury resort, restaurant and beach club.
Dubai master developer Nakheel has released the next phase of Palm Central Private Residences on Palm Jebel Ali, reflecting continued demand for premium beachfront living in Dubai. The project features 222 residences across three low- to mid-rise buildings.
Hassan Allam Holding, a leading engineering and construction company in the Mena region, said one of its key subsidiaries, in a joint venture with UCC Saudi, has secured the contract for Waldorf Astoria Hotel, Residences & Mixed Use Super Block located within the kingdom's mega development Diriyah.
UAE-based ZāZEN Properties has announced that it has officially begun the handover phase of its community-focused project, ZāZEN Ivy, located within the Al Furjan development. Rising six storeys, ZāZEN Ivy is the company’s second LEED-certified property.
UAE real estate agency betterhomes has announced the exclusive launch of City Tower, a premium long-term leasing address on Sheikh Zayed Road in Dubai, in collaboration with H&H. The 93-storey tower offers 695 residences - ranging from studios to four-bedroom homes - available to move in from June 20.
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.
Leading UAE developer Arada has achieved a major milestone by clocking over 100 million safe man-hours without a lost time injury (LTI) at its AED35 billion ($9.5 billion) Sharjah megacommunity Aljada. Scope of work included residential, retail, hospitality and leisure as well as infrastructure and landscaping.
Kempinski Group has announced its first branded residences in Saudi Arabia, Kempinski Residences at Masar, Makkah. The project includes 302 serviced units with flexible ownership options targeting high-end buyers and investors.
