According to Turner & Townsend’s UAE Market Intelligence 2025 survey, 71% of industry respondents reported a positive market trend — a 2% increase on last year
Construction
Latest in Construction
Dubai
Ellington Properties signs AED1 billion construction deal with China Railway for Uptown Dubai project
The partnership marks a major milestone for the project, which aims to deliver world-class design, premium amenities, and vibrant retail offerings in one of the city’s most sought-after districts
Abu Dhabi
G42 says construction of 1GW Stargate AI cluster in Abu Dhabi well underway
The Khazna-led project has entered advanced construction, marking a major step toward the UAE’s goal of building one of the world’s largest AI infrastructure hubs
Dubai
DMCC appoints NEB as design consultant for world’s first Crypto Tower
Crypto Tower is a joint initiative between DMCC and REIT Development
Aljada
Arada awards $35mn contract for Raffles World Academy at Aljada in Sharjah
Raffles World Academy, Aljada will open at the beginning of the 2026–2027 academic year to serve the community, which currently has 20,000 residents
Diriyah
Saudi Arabia’s giga projects drive $196bn in contract awards as Vision 2030 accelerates
Riyadh is driving Saudi Arabia’s giga project agenda, with developments including Diriyah Gate, King Salman Park and the 220km Sports Boulevard
Dubai law
Dubai issues new law to regulate engineering consultancy sector and attract global firms
Sheikh Mohammed issues Dubai law to regulate engineering consultancy offices, enhance global standards, and attract international firms
bay villas
Nakheel awards $46m Dubai Islands Bay Villas contract to Al Nasr
Nakheel appoints Al Nasr for $46m Bay Villas infrastructure works at Dubai Islands, part of Dubai 2040 Urban Master Plan
Abu Dhabi construction
Abu Dhabi construction: 12,309 buildings completed in H1 2025 as permits hit 4,994
Abu Dhabi construction firms completed 12,309 buildings in H1 2025, with 5,767 in Q2. Nearly 5,000 permits were issued
Abu Dhabi
Abu Dhabi’s NMDC Group secures $610mn contract in the Philippines
Awarded dredging and reclamation works as part of the development of the Harbor City Project in Pasay City, Manila Bay
ALEC
ALEC IPO raises $381m after 21x oversubscription in UAE’s biggest construction listing
ALEC’s IPO on the DFM raised $381m with demand topping $8.1bn, marking the UAE’s biggest-ever construction listing by size and value
ALEC
Dubai IPO: ALEC Holdings offers 1bn shares, market cap up to $1.91bn
ALEC Holdings sets Dubai IPO price range at AED1.35–1.40 per share, valuing firm at up to AED7bn, with AED500m dividend planned for 2026
UAE construction output to hit $130.8bn by 2029: Knight Frank report
Construction output across the UAE has increased since the start of the decade
Arada
Arada awards $593.6mn construction contract for Madar Mall in Sharjah
Madar Mall spans a built-up area of 3.9 million square feet and serves as the anchor attraction and phase of Madar, the family entertainment district at Aljada
Abu Dhabi
Abu Dhabi approves 30m sqm of new projects in record urban growth surge
Abu Dhabi has approved over 30m sqm of new projects in H1 2025, a 133% surge, driving record urban growth across housing, business, and community hubs
Saudi construction
Saudi construction sector surges with $1.7tn pipeline of projects
Saudi Arabia’s construction sector is booming with a $1.7tn project pipeline, Turner & Townsend cites giga-projects and Vision 2030 as key drivers
Marjan
Marjan completes infrastructure at RAK Central development in Ras Al Khaimah
RAK Central is a business district designed to be the commercial nucleus of Ras Al Khaimah