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Abu Dhabi International Airport - UAE megaprojects

7 remarkable megaprojects unveiled in the UAE in 2023

These projects symbolise the UAE’s commitment to innovation, sustainability, and cultural harmony

QIDDIYA CITY

Qiddiya City megaproject brand unveiled by Saudi Crown Prince

Qiddiya City expects to attract an anticipated 48 million visits per year with its never-built-before array of world-class attractions and venues

MERCEDES-BENZ BINGHATTI

Binghatti, Mercedes-Benz to build luxury residential tower in Dubai

The two brands said the collaboration was “brought together by a shared passion for iconic design and innovation”

casino

Casino update: Dubai awards biggest island construction contract to house MGM, Bellagio

Located off the coast of Umm Suqeim, The Island is expected to feature major casino properties with 1,400 hotel rooms and apartments

Aldar buys UK’s London Square for Dhs1.07bn

Aldar Properties acquires UK developer London Square for Dhs1.07bn

The transaction is expected to have a positive impact on sales, given the opportunities to cross-sell across the two companies’ respective customer base

PIF-owned SRC successfully wraps up SAR3.5bn sukuk GettyImages

Saudi Real Estate Refinance Company wraps up SAR3.5bn sukuk issuance

The issuance was offered in five and seven-year dual tenors, marking the final two tranches under its SAR20bn government-guaranteed sukuk programme

Aldar unveils Nikki Beach Residences in Al Marjan _ Image Aldar

Aldar launches Nikki Beach Residences in Al Marjan, sales to open on Dec 5

Three hundred and fifty-seven units will be up for sale in the first phase on December 5

JUMEIRAH GOLF ESTATE

Dubai real estate: Massive Dhs300m land deal finalised for Jumeirah Golf Estate

The transacted land in Jumeirah Golf Estates overlooks an expansive view of the Fairways and houses over 1,500 villas, townhouses, and apartments

How the GCC's real estate sector is pivoting towards sustainable development Image for illustrative purposes by Getty Images

Insights: How GCC real estate is pivoting towards sustainable development

With the forthcoming COP28 in Dubai, the momentum for sustainable real estate development in GCC countries is set to receive even greater international attention

NEOM EPICON

NEOM unveils 275m futuristic Epicon Towers

The new development, located on the Gulf of Aqaba, will comprise off two stunning towers

Citi Developers launches Aveline Residences in JVC

Citi Developers unveil Aveline Residences in Jumeirah Village Circle

Scheduled for handover in Q2 202, Aveline Residences features 263 apartments located in the heart of Jumeirah Village Circle

ORO24 Development

Cover feature: ORO24 Developments’ Atif Rahman on building a legacy in Dubai’s built sector

Atif Rahman, the founder and chairman of ORO24 Real Estate Developments, shares his remarkable journey, from his humble beginnings as a small-town boy to becoming a prominent figure in the UAE’s thriving real estate industry

Dubai - Millionaire city

Emaar nine-month net profit sees 43% hike bolstered by property sales

Emaar Development’s net profit for the first nine months of the year touched Dhs4.1bn ($1.1bn)

Binghatti branded residence

Dubai cements lead as global hotspot for luxury, branded residences

Dubai beats out the likes of international realty hotspots such as Florida, New York, and London

WeWork

SoftBank’s WeWork, once most valuable US startup, succumbs to bankruptcy

WeWork listed estimated assets and liabilities in the range of $10bn to $50bn

Haven By Aldar sells out two phases

Aldar sells out first two phases of Haven, its first residential development in Dubai

The final phase of Haven, which includes further villas, townhouses, and apartments, will launch for sale to buyers of all nationalities in early 2024

TECOM Group announces Q3 2023 results Image Tecom

TECOM Group announces Q3 ’23 results, reports 34% rise in net profit

The group’s Q3 earnings before interest, taxes, depreciation and amortisation rose by 13 per cent YoY to Dhs410m

Dubai real estate transactions net Dhs429.67bn as of Sept

Dubai real estate transactions net Dhs429.67bn at end of Sept ’23

Dubai Land Department data showed that Al Barsha South Fourth headed the list with 10,351 transactions, followed by Dubai Marina and Business Bay

Aldar Properties Q3 2023 highlights Image Aldar

Aldar Q3 ’23 group sales rise 99%, marks highest ever quarterly sales

Group sales during the first nine months reached a record Dhs19.4bn, up 109 per cent on the back of 11 project launches year-to-date and strong demand for Abu Dhabi properties

Haven by aldar announced in Dubai

Here’s what Haven, Aldar’s first residential community in Dubai, will offer

 Construction of the first phase of Haven by Aldar is due to begin in Q2 2024, with handovers expected in Q3 2027

CITYSCAPE BAHRAIN

Cityscape Bahrain set to return in November 2023

The event highlights the country’s commitment towards accelerating the growth and development of the real estate sector

Dubai Land Department's RDC showcases Al and metaverse tech to solve rental disputes at Gitex Global 2023 Image Supplied

Here’s how AI, metaverse will help solve rental disputes in Dubai

Dubai Land Department’s RDC unveiled Metaverse Litigation a virtual platform for real estate litigation sessions and the new Judicial Probe service, which uses AI

How LCRE is leveraging Dubai’s property boom

Cover: LCRE’s Shitij Kapoor shines the spotlight on the company’s strong foundation

The CEO and founder shares how his company’s success is built on strong developer partnerships, core values and a thriving relationship with investors

Dubai 3D printing

Dubai launches world’s first 3D printing certification for construction sector

The certification will help streamline procedures and improve the quality of 3D printing concrete mixes used in factories licensed and operating in Dubai

MUNJZ SME facilities management

Munjz: Embracing digital transformation of facilities management in Saudi Arabia

Saudi startup Munjz takes on the mantle of digitalising the facilities management industry in the kingdom as it races to compete in the built industry on a global scale

DAMAC CASA

DAMAC Casa to come up in Al Sufouh: Island living at the heart of Dubai

Located in the Al Sufouh area with Dubai’s iconic Palm as its backdrop, the tower aims to bring the serenity of island living in its design

PIF launches Al Balad Development Company to develop Jeddha Historic District Image courtesy PIF X

Saudi’s PIF sets up Al Balad Development Company to transform Jeddah’s historic district

The company will follow leading urban planning and environmental sustainability standards to preserve the area’s unique heritage

azizi-venice

Azizi Developments launches new Dhs30bn Dubai South mixed-use property: Azizi Venice

The project will comprise more than 30,000 residential units, spread over 100 apartment complexes, and over 400 luxury villas and mansions

SOUDAH PEAKS

Soudah Peaks: Saudi Arabia launches new luxury destination masterplan

The masterplan is designed to offer unparalleled living experience while safeguarding the region’s ecological and cultural treasures

Mohamed Abdalla Al Zaabi CEO of Miral announces the company's new CSR strategy 2023 image Miral

Miral to launch over 80 initiatives within 2 years under new CSR strategy

The company aims to create a transformational impact on the community through economic, social and environment initiatives that are aligned with UN SDGs