Leading UAE real estate developer Mered has announced the launch of its prime project - Riviera Residences Phase 2 - on Al Reem Island, comprising 389 apartments, eight Bay Villas, six Sky Villas and a penthouse. Work is set to kick off by the end of this year, advancing the wider waterfront development alongside Riviera Residences 1.
Artificial intelligence (AI) adoption is accelerating across the UAE's financial sector, with more than 70% of firms in the Dubai International Financial Centre (DIFC) using AI, even as Emirates NBD has allocated around 50% of its technology budget to AI initiatives.
Office markets across both Dubai and Abu Dhabi remained the strongest-performing asset class during the quarter, driven by robust demand for high-quality space and a shortage of Grade A supply in key business districts, said a report.
Barceló Hotel Group has announced the opening of Barceló Business Bay Dubai, a new 4-star lifestyle design hotel featuring 230 rooms in the heart of Downtown Dubai, near the iconic Burj Khalifa.
SEE Engineering, a member of SEE Holding group, celebrated its 25th anniversary, marking a journey that began in October 2000 with the founding of Jeet Construction.
Network International (Network), a leading fintech company with operations across the Middle East and Africa (MEA) region, said it has reached an agreement with leading UAE group Rakbank to buy its merchant acquiring business in the emirates.
The UAE has launched a $1 billion energy portfolio in Yemen to help rebuild the country’s electricity sector. Implemented by Global South Utilities, the programme includes solar and wind projects, battery storage solutions and upgraded distribution networks across multiple governorates, expanding ongoing work in Yemen.
Nearly three-quarters of travellers (72%) say they have used AI to plan or research a holiday (77% in the UAE and 68% in KSA). Over a fifth (23%) say they use it “all the time” (24% in the UAE and 22% in KSA), according to Marriott Bonvoy’s 2026 Ticket to Travel Report.
Wynn Resorts has announced continued progress on its first integrated resort - Wynn Al Marjan Island - coming up in UAE. The 305-m tower is nearing its full height with topping-out likely by month end, ahead of the planned mid-2027 opening.
Sunteck Realty, one of India’s most disruptive luxury real estate developers, has announced its entry into the UAE market with a Downtown Dubai development and an ultra-luxury pipeline exceeding AED15 billion ($4.1 billion) over the next three years.
