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News by Osman Celiker

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.

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.

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.

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.

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.

Cavendish Maxwell sees growth in GCC student and senior living

Cavendish Maxwell sees growth in GCC student and senior living

The consultancy identifies student housing, senior living and co-living as GCC opportunities.

TARAF and Mubadala explore Al Reem Island waterfront development

TARAF and Mubadala explore Al Reem Island waterfront development

MoU covers a 10-plot mixed-use masterplan with about 5.4 million sq ft of GFA.

Burj Al Arab set to reopen in October 2027 following 18-month restoration

Burj Al Arab set to reopen in October 2027 following 18-month restoration

Dubai's Burj Al Arab is undergoing an 18-month restoration ahead of its October 2027 reopening.

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.

Nemetschek and SGBA sign MoU on Saudi built environment technology

Nemetschek and SGBA sign MoU on Saudi built environment technology

Nemetschek and SGBA partner on digital and sustainable building initiatives in Saudi Arabia.

Aldar and Arada Form $4.1bn Abu Dhabi Development Partnership

Aldar and Arada Form $4.1bn Abu Dhabi Development Partnership

Partnership covers Seih Sdeirah community and three Yas Island residential plots.

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