Abu Dhabi is set to unveil Fahid Island, a new residential megaproject that has captured attention for months. Developed by Aldar Properties, this project is being promoted as “Abu Dhabi’s newest island destination where turquoise waters, lush mangroves, and thoughtfully designed experiences redefine coastal living.” Located a short drive from Yas Island, Fahid Island is...
The Sharjah master-developer Arada has announced its first hotel and residential development in Dubai, named ‘Akala.’ The term ‘Akala’ comes from the ancient Indian language of Sanskrit and means ‘beyond time.’ This project is strategically located between the Dubai International Financial Centre (DIFC) and Downtown Dubai. The development will consist of twin towers, each standing...
Binghatti Holding, a prominent real estate developer based in Dubai, has announced the acquisition of a freehold land plot that boasts over 8 million square feet of gross floor area. This land will be used to develop the company’s first large-scale master-planned residential community, as stated by the company on Wednesday. The anticipated value of...
GFH Financial Group, based in Manama, has raised its stake in Seef Properties to nearly 30%, strengthening its position in Bahrain’s real estate market. The investment firm announced on Tuesday that it has acquired an additional 15.63% of shares in Seef Properties, which now brings its total shareholding to 27.98%. Last year, GFH Financial had...
Cityscape Egypt has announced an event partnership with 500 Global to support the second edition of the Egypt Proptech Challenge. This partnership was formalized during a signing ceremony attended by Robier Daniel, Cityscape Egypt Exhibition Director, and Ezzedin Zahzah, Program Director at 500 Global, a prominent international venture capital firm. The challenge will be part...
The UAE’s property market is experiencing remarkable growth, with real estate transactions exceeding Dh239 billion in the first quarter of 2025. This surge highlights the country’s appeal to both investors and homeowners, reinforcing its position as a global real estate hotspot. Dubai remains the frontrunner, accounting for Dh193 billion of the total transactions. However, significant...
Modon Holding, a listed company based in Abu Dhabi, successfully sold out its freehold residential project on Reem Island, generating approximately Dh1 billion, or $272.3 million, on the day of the launch. This two-tower waterfront development is strategically located near the Abu Dhabi Global Market (ADGM), enhancing its appeal to potential buyers. The swift sale...
The Sultanate of Oman is poised to deliver 62 800 new residential real estate units by the year 2030, with 5 500 of these units scheduled to enter the market this year. This information comes from a recent report by Cavendish Maxwell, which aligns with the country’s strategic vision for housing development. In addition to...
AWJ Investment, a subsidiary of AWJ Holding, has secured a 40% stake in Oud Real Estate, marking a significant strategic partnership aimed at enhancing urban development in Saudi Arabia. This collaboration is expected to drive investments exceeding SR8 billion over the next five years, focusing on branded residential, commercial, and hospitality projects. The partnership combines...
IMKAN, a prominent global master developer based in Abu Dhabi, has announced a strategic partnership with Saal.ai, a leading provider of Artificial Intelligence and Big Data solutions. This collaboration aims to revolutionize the UAE’s real estate sector by integrating advanced AI and digital technologies into IMKAN’s operations, enhancing their overall value chain. The partnership was...