Scheduled for completion in the second quarter of 2028, the project will feature a variety of amenities and modern layouts.
commercial real estate
Latest in commercial real estate
commercial real estate
TECOM Group H1 net profit rises 22% on rental growth and high occupancy
Revenue climbed on strong demand for commercial and industrial space and income from strategic asset acquisitions
Abu Dhabi
Abu Dhabi office market strengthens with record occupancy, rental growth: Report
Abu Dhabi’s non-oil economy grew by 6.1% year-on-year in the first quarter of 2025, contributing more than 56% of total GDP
commercial real estate
Dubai real estate: Commercial property sales surge 50% to $8.4bn in Q2 2025
Dubai’s office segment generated AED2.62 billion in sales, representing a 93 per cent increase from Q2 2024
commercial real estate
Dubai real estate: Contracting specialists Drake & Scull make real estate business debut
Acquires a prime plot in Majan, Dubai, to develop a 156,000 sqft built-up area mixed-use commercial building for retail and offices
Aldar
Aldar acquires logistics assets in AlMarkaz Industrial Park for $144.3mn
Acquisition of the 182,500 sqm asset increases Aldar’s net leasable area to more than 600,000 sqm, including projects under development
commercial real estate
Saudi office rents in Riyadh soar 23% to record high of $720 per square metre
The surge in Grade-A office rents in Riyadh reflects occupancy levels of 98 per cent, with Grade-B buildings maintaining 97 per cent occupancy
commercial real estate
Terralogix, Dubai’s largest privately owned logistics park launched
Two of Dubai’s well-known companies – Dutco and Sweid & Sweid – to partner in creating the 3.3mn sqft development in Warsan
commercial real estate
GFH Capital, Al Tijaria announce logistics partnership focused across GCC region
Under the agreement, Al Tijaria will act as a technical advisor for one of GFH Capital’s logistics funds
commercial real estate
Riyadh office market records fastest global 5.2% growth rate in Q1 2025: Savills
Riyadh now ranks alongside Dubai, London, New York, and Hong Kong in the global prime office markets rankings
commercial real estate
Dubai real estate: OMNIYAT’s ENARA signals new era for premium commercial property
ENARA by OMNIYAT, a near sold-out commercial development in Marasi Bay, addresses Dubai’s growing demand for ‘Grade A’ office spaces with sustainable design and luxury amenities
commercial real estate
E-commerce boom forces Gulf property developers to shift from office towers to mixed-use commercial projects
The ongoing drive for economic diversification, the surge in digital adoption and e-commerce, and the rising flexible job market are triggering demand for different types of commercial real estate
commercial real estate
Saudi warehouses hit 98% occupancy amid industrial boom
Riyadh rents up 16%, Jeddah at 97% capacity as demand outpaces supply, Knight Frank report shows
commercial real estate
Emaar announces rent support for lake-facing F&B outlets in Dubai Mall, Souk Al Bahar
Emaar will waive rent for affected terrace spaces for four months
commercial real estate
Jafza expands logistics park with $24mn investment
Currently, Jafza hosts 10,890 companies from 150 countries, supporting over 160,000 jobs and contributing AED620 billion in annual trade
Bahrain real estate
Bahrain property market shows steady progress in 2024
Introduction of long-term residency options, like the Golden Visa, has been instrumental in boosting investor confidence
Arcapita
King Abdullah Economic City, Arcapita partner to develop ESG-compliant warehousing in Saudi Arabia
The partnership will provide KAEC access to Arcapita’s global network of blue-chip tenants, attracting high-quality investors