Saudi Arabia's Dar Al Majdiah Real Estate Company has entered into a deal with Alistithmar Real Estate Fund 9 to develop two residential towers at the Masar Destination in Makkah. The entire work will be completed within a 30-month period.
Saudi-based Hamad Mohammed Bin Saedan Real Estate has announced that it has awarded the construction contract for its prime project - HS Residences 2 - in Al Arid District in Riyadh. Spanning 6,030 sqm area, it features 60 modern residential units along with key amenities.
Abu Dhabi's luxury residential market is evolving as buyers place greater emphasis on long-term value, quality of design and the overall living experience, said leading developer Mered, highlighting continued activity across Abu Dhabi's established waterfront destinations.
Work is moving at a steady pace on the Miraf District, a premium mixed-use project being developed by Refad Real Estate Company on a 42,000 sq m area at Al Khobar in the kingdom's Eastern Province, with the project on track for handover in 2029.
Dubai developer Meraas has awarded a key contract to International Foundation Group for groundworks at its premium residential development Nourelle within Madinat Jumeirah Living. It comprises 236 one- to four-bedroom apartments across three contemporary residential buildings.
Dubai-based Majid Developments has announced steady progress on its prime residential development - Mayfair Gardens - located in Jumeirah Garden City, with the project in its final stages of construction. The 12-storey tower featuring 64 apartments is due for handover in September.
Ras Al Khaimah is expected to add more than 25,000 residential units over the next four years, with apartments accounting for 97% of the planned supply, mainly driven by population growth, higher foreign investment and expanding business activity in the emirate, said an real estate industry expert.
The Emirate of Ras Al Khaimah (RAK) has 25,600 new residential units in the pipeline between now and 2030, with apartments accounting for 97% of future supply, according to new insight from leading real estate advisory group Cavendish Maxwell.
Preston Development has officially launched its prime residential project - One By Preston - in Dubai South following the successful approval of its Escrow Account. The boutique development features 56 apartments with a mix of studios, one- and two-bedroom units.
Business activity across the Saudi construction sector gained considerable momentum in June, supported by stronger performances across residential, non-residential structures (office/commercial, institutional, industrial) as well as infrastructure (transportation, energy/utilities), said a report.
