Latest Dubai Real Estate
Leading Saudi real estate developer and a PIF company Roshn Group has opened registration for the participants of Musahama Design Competition - Emerging Design Firms Track - with the registration due by September 30. Part of PIF’s Musahama programme, it aims to qualify and select designs for facilities and amenities within the flagship Sedra community. The contest is designed to boost local content and empower national talent in line with Vision 2030, said the statement from the developer. Musahama Design Competition: Sedra Pedestrian Spine offers rising architects, including final-year students and recent graduates of architecture programs, as well as emerging local design firms, the opportunity to envision the future of living in the.
The Royal Commission for Makkah City has announced that work has started on 10 five-storey residential buildings being developed as part of The Kidana Al Wadi project over a 33,000 sq m area near the Jamarat facility, strategically positioned for accommodation in Mina. The project, which is being developed in co-ordination with Kidana Development Company, focuses on improving guest services, enhancing the urban landscape and facilitating movement within the site. Located near the Jamarat facility, the project is part of the urban development projects for the holy sites, whose goal is to increase the accommodation capacity with modern architectural design and improved services, for pilgrims' comfort. The Kidana Al Wadi project focuses on improving guest.
National Building and Marketing Company inked, on 4 June 2024, a SAR 350 million agreement with Al Fayzia Real Estate Development Company. The two entities will team up to develop villas and residential apartments (Granada Riyadh Project), according to a bourse statement. The three-year deal will cover the infrastructure and superstructure works, construction, finish, and building materials for the development project. Meanwhile, the residential units will be established with specifications that do not conflict with those of the Saudi Building Code and the Ministry of Housing. National Building highlighted that the project will reflect on its business results during the second half (H2) of 2024 and the coming years during the project completion.
Retail rents in Dubai and Abu Dhabi have jumped in double digits in recent months on the back of strong demand and limited availability of quality stock. During the first quarter of the year, rents in the UAE capital rose by 14.7% and in Dubai by 10.5%, according to CBRE Middle East. Part of the demand is coming from several foreign retail brands looking to enter the local market, particularly Dubai, the real estate services firm noted. There is also a significant demand from the food and beverage sector. “The supply-and-demand imbalance in both Abu Dhabi and Dubai continues to drive rental performance,” CBRE said. “We are seeing an increase in the number of global and international retail brands looking to establish or.