Dubai’s real estate market is transitioning from the sharp acceleration of recent years into a more mature and sustainability-led growth phase, said an industry expert. While activity levels remain robust, the latest figures point to quality-driven demand across buyer segments.
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.
Tissoli, a leading real estate developer, has announced the sales launch of the second phase of its AED1.2 billion ($327 million) flagship development, Palazzo Tissoli, in Ras Al Khaimah. It involves a limited collection of fully furnished studios, and one-bedroom apartments featuring sweeping sea views.
GCC residential real estate supply is projected to rise from 6.26 million units in 2025 to 7.28 million by 2030, while office space is set to expand from 33.3 million sq m to 42.4 million sq m over the same period.
Azizi Developments has announced the launch of its new residential project in the vibrant Al Jaddaf district in Dubai. The Azizi Jaddaf Beach Oasis offers a distinctive, resort-inspired lifestyle to the residents with a mix of modern freehold studios and spacious one-bedroom apartments and penthouses.
UAE-based Ayat Development has marked the groundbreaking of Ayami Residence, a contemporary G+Podium+6 residential development in Warsan First, Dubai. Scheduled for completion in 2028, the 376-unit project will introduce a curated mix of studios, one- and two-bedroom apartments.
Takmeel Real Estate Development has announced the launch of Divine Elements, a landmark residential project in Dubai South, comprising a curated selection of studio, one- and two-bedroom apartments, tailored for singles, couples and families along with premium amenities.
Al Ramz Real Estate said it has signed an agreement with a fund managed by Al Rajhi Capital, a leading financial group in Saudi Arabia, to develop two residential towers on a plot spanning over 6,000 sq m in the King Abdulaziz Road District in Makkah.
Alramz Real Estate has announced that it has signed an agreement with leading Saudi developer Roshn for the purchase and development of two residential plots spanning over a 14,128 sqm area in Riyadh. As per the deal, a total of 240 residential units will come up on these plots.
Beyond Developments has unveiled its first fully masterplanned project, Evermore, on Marjan Beach in Ras Al Khaimah featuring residential, hospitality and retail components. Anchored by 250,000 sq m open spaces, including a botanical garden, it is designed as a fully pedestrian masterplan with a projected GDV exceeding AED25 billion.
