The beachfront development, located on the crescent of the island, is scheduled for completion by the end of 2025
Construction
Dubai
UAE’s ALEC reports 29% growth as Saudi expansion pays off
ALEC has secured several landmark projects in Saudi Arabia, including the Qiddiya Waterpark and Qiddiya Speedpark, as it continues to diversify across sectors and expand its regional footprint
Building materials
UAE property developers face rising costs as new launches, labour crunch strain supply chains
The boom in new real estate projects is driving up construction material costs by up to 15%
Ajman
Ajman construction boom sees contracts up 63% to $2.6bn
Ajman reports massive construction contract increase as emirate builds for future
Dubai
Dubai approves new urban initiatives to boost infrastructure, mobility under 2040 master plan
Among the projects approved in 2024 is the ‘Dubai Walk’ master plan, which will introduce 6,500 kilometres of pedestrian pathways across 160 areas
Drake & Scull International
Drake and Scull submits clarification on Arabian Hills contracts to DFM
Says the AED1 billion project will be financed through its cash resources and available bank facilities; Profit margin to range between 8-10%
NEOM
NEOM chief reveals first details of car-free vertical city THE LINE: Report
A key feature of THE LINE is its complete elimination of cars in favour of a six-tier mobility system
Abu Dhabi
UAE megaprojects 2025: 50 massive developments set to transform the nation
Here are some of UAE’s upcoming projects planned for the next decade
Drake & Scull International
Dubai construction giant Drake & Scull International bags 2 major contracts for Arabian Hills Project
The combined value of the project contracts is estimated to exceed AED 1 billion
