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News by James Massey

Jeddah Tower targets late 2028 completion as construction accelerates

Jeddah Tower targets late 2028 completion as construction accelerates

Jeddah Tower has reached 116 floors, with completion now targeted for late 2028.

Dubai CommerCity launches $490m expansion across three districts

Dubai CommerCity launches $490m expansion across three districts

Phase Two will add 91,000 sqm of office, retail and logistics space through 2028.

West Bani Yas project wins inaugural GCC Housing Award

West Bani Yas project wins inaugural GCC Housing Award

The $1.99bn West Bani Yas project includes 1,659 villas and is due in 2027.

Saudi Arabia shelves $2.5bn NEOM stadium planned for 2034 World Cup

Saudi Arabia shelves $2.5bn NEOM stadium planned for 2034 World Cup

The proposed 46,000-seat NEOM Stadium has reportedly been put on hold indefinitely.

Al Othaim unveils $4.27bn Saudi real estate investment plan

Al Othaim unveils $4.27bn Saudi real estate investment plan

Al Othaim Developments plans about 10 projects and 8,000 homes across Saudi Arabia.

Sobha Realty expands into US and Australia with land secured

Sobha Realty expands into US and Australia with land secured

Sobha secures land in North Dallas and Southeast Queensland for its first projects.

Dubai property transactions hit $156bn in first nine months of 2026

Dubai property transactions hit $156bn in first nine months of 2026

Dubai recorded 165,018 property transactions worth AED 574.12bn from January to September.

SAAS Properties launches Ritz-Carlton Residences on Al Maryah Island

SAAS Properties launches Ritz-Carlton Residences on Al Maryah Island

The 165-home branded residence is under construction, with handover expected in Q2 2030.

KONE selected for Burj Azizi elevator and escalator systems

KONE selected for Burj Azizi elevator and escalator systems

KONE will supply 59 elevators and 15 escalators for the 725-metre Burj Azizi in Dubai.

Masdar H1 profit rises more than sixfold to $88.2m

Masdar H1 profit rises more than sixfold to $88.2m

Masdar posted $88.2m (AED 323.8m) profit as first-half revenue nearly doubled.

GBB’s 20th Real Estate Development Summit returns to Jeddah

GBB’s 20th Real Estate Development Summit returns to Jeddah

The 20th REDS will bring 1,000+ real estate decision-makers to Jeddah in November.

UAE construction costs rise as cement jumps 16%, guarantees shorten

UAE construction costs rise as cement jumps 16%, guarantees shorten

Cement, concrete and steel prices rise as UAE contractors tighten tender terms.