In this week’s recap, we bring together key developments across GCC real estate and construction, highlighting major project awards, market performance, and the growing role of technology in the sector.
In Saudi Arabia, Hassan Allam and Al Bawani secured a $490 million contract for the Saudi Arabia Museum of Contemporary Art in Diriyah, supporting the Kingdom’s cultural and tourism strategy.
In Dubai, Nakheel awarded $953 million in contracts for Palm Jebel Ali villas, marking continued progress on one of the emirate’s largest waterfront developments.
Dubai Residential REIT reported 8.4% revenue growth and an occupancy rate of 98.9%, reflecting strong fundamentals across the rental market.
At the same time, a PlanRadar study found that 58% of construction professionals are now using AI, highlighting a growing shift toward digital tools and smarter project delivery.
Meanwhile, Ras Al Khaimah recorded approximately $3.38 billion in property sales, pointing to rising investor interest and expanding market activity.
Together, these updates reflect a sector driven by large-scale investment, strong performance, and increasing adoption of technology.
