LEVA Hotels Unveils First 5-Star Luxury Property in Saudi Arabia under the Zen by Leva Brand

The real estate sector in the Emirate of Ajman recorded a remarkable performance during the first half of 2025, with the total value of real estate transactions reaching AED 12.4 billion, marking a record growth of 37% compared to the same period last year.

Sheikh Abdulaziz bin Humaid Al Nuaimi, Chairman of the Department of Land and Real Estate Regulation in Ajman, stated that the real estate sector plays a pivotal role in driving the emirate’s economic growth. He emphasised that the sector continues to deliver exceptional performance, reflecting Ajman’s position as a leading investment destination and a promising real estate market.

Sheikh Abdulaziz, during his review of the real estate report for the first half of 2025, affirmed that the positive performance of Ajman’s real estate market and the 37% increase in transaction value indicate a rising demand for properties and confirm the emirate’s attractiveness to investors and its strong competitive edge.

Al Hamra, the leading lifestyle developer and real estate investment company in Ras Al Khaimah, has officially launched two landmark residential developments Al Hamra Greens and Aila Homes – with a combined investment value of more than AED3 billion ($817 million).

The launch event, held at Madinat Jumeirah, Dubai, was attended by over 1,000 brokers and industry stakeholders.

Located in Al Hamra Village, both projects highlight the developer’s focus on design-led, high-quality living.

Al Hamra Greens is a wellness-centric community inspired by Scandinavian design and rooted in the philosophy of “Reconnect with Living,” said the developer.

Located opposite RAK Central, it offers breathtaking views of RAK’s urban hub, the Al Hamra Championship Golf Course, and Wynn Al Marjan Island.

The project comprises 1,754 apartments in one- to three-bedroom layouts, all with private balconies for seamless indoor-outdoor living, it stated.

Starting from AED1.2 million, the development boasts an array of amenities including lush gardens, BBQ terraces, paddle tennis and basketball courts, jogging and cycling tracks, kids’ play zones, a pet park, a wellness spa, and a gym with panoramic views.

Over 38% of the project sold out within 24 hours of launch, it added.

Aila Homes, launched alongside, features 200 upscale 3- and 4-bedroom townhouses with modern architecture, spacious layouts, private gardens, and direct access to community facilities.

With more than 50% sold before the official launch, Aila Homes reflects strong demand for ready-to-move family homes in the emirate.

On the new projects, the Group CEO Benoy Kurien said: “These launches respond directly to growing customer demand for meaningful, nature-rooted lifestyles and community living. They mark a key milestone in Al Hamra’s growth journey and our commitment to delivering value-driven developments.”

“Residents of both communities will benefit from the wider Al Hamra ecosystem, including a championship golf course, a 220-berth marina, and luxury hospitality assets like Waldorf Astoria, The Ritz-Carlton, Sofitel, and Al Hamra Village Hotel & Residences,” he stated.

Looking ahead, Al Hamra is expanding into ultra-luxury with Waldorf Astoria Residences, Ras Al Khaimah, The Ritz-Carlton Residences, Al Wadi Desert, and it’s first Dubai project, reinforcing its position as a key player in the UAE’s real estate sector, he added.

Abu Dhabi Future Energy Company PJSC – Masdar, one of the world’s leading renewable energy companies, today announced the divestment of its stake, subject to customary closing conditions, in the Sharjah Waste-to-Energy plant to Tadweer Group, a leader in unlocking the value of waste.

The move also brings Tadweer Group together with BEEAH, the region’s sustainability and innovation pioneer, as joint venture partners in the Emirates Waste-to-Energy company, which owns and operates the Sharjah Waste-to-Energy plant.

The acquisition by Tadweer Group of Masdar’s stake is a strategic decision to allow the two organisations to focus on their respective core business strategies. Masdar is continuing to ramp up its clean energy capacity, while Tadweer Group is focusing on its UAE operations and international expansion to support its ambitions to become an international leader in sustainably unlocking the value of waste.

Tadweer Group and BEEAH will now synergise their waste management expertise for the sustainable operations of the Sharjah Waste-to-Energy plant, while paving the way for future projects through their Emirates Waste-to-Energy joint venture.

The Sharjah Waste-to-Energy project was inaugurated in 2022 under the Emirates Waste-to-Energy company as the first commercial-scale waste-to-energy plant in the Middle East. It plays a vital role in diverting waste from landfills and converting it into electricity, supporting the UAE’s broader sustainability objectives.

Through the Emirates Waste-to-Energy joint venture, BEEAH and Tadweer will jointly own and operate the plant, including going forward with plans to increase its power output from 30 MW to 60 MW, while doubling processing capacity for hard-to-recycle waste and displacing twice the volume of emissions.

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said, “We are proud of the impact this project has had within the UAE, and we extend our sincere thanks to BEEAH for their valued partnership since the inception of our Emirates Waste-to-Energy joint venture. As we transfer our stake, we are confident that Tadweer and BEEAH will continue to advance the project with strong leadership and a clear strategic vision.”

Ali Al Dhaheri, Managing Director and Chief Executive Officer of Tadweer Group, said, “Acquiring this high-performing asset will further enhance Tadweer Group’s capabilities and support the UAE’s ambition to become a global leader in sustainable waste management and energy conversion. We look forward to working with BEEAH to build on the strong foundations it has laid working alongside Masdar.”

Khaled Al Huraimel, Group CEO of BEEAH Group, said, “We thank Masdar for having partnered with us in the Emirates Waste-to-Energy joint venture and their support on the Sharjah Waste-to-Energy Plant, our inaugural, groundbreaking project. We look forward to further building on these accomplishments alongside Tadweer Group as a joint venture partner, marking a new chapter of growth and waste-to-energy innovation for the nation and the region.”

The finalisation of this agreement underscores the partners’ commitment to advancing the UAE’s sustainability agenda. The organisations will continue to collaborate on innovative initiatives within the clean and renewable energy sector, reinforcing the nation’s role in driving the global energy transformation and contributing to a more sustainable future.

Property Finder, the leading property portal in the MENA region, is rewriting the rules of real estate marketing with the launch of the industry’s first AI-powered campaign proven to deliver client value, spotlighting top-performing SuperAgents through the creation of dynamic digital avatars. In a bold, tech-first move, the company has harnessed advanced AI tools to create personalised content at scale, delivering a 1000%+ surge in daily seller leads for participating SuperAgents and setting a new benchmark in partner value.

In a competitive real estate market, Property Finder’s SuperAgent feature helps home-seekers connect with top performing agents, while incentivizing positive agent behaviors. To spotlight these standout professionals, Property Finder placed agent dedication to their clients at the heart of its latest campaign, by creating AI-generated agent avatars. These AI avatars were developed entirely in-house, bringing agents’ real-world expertise to life through dynamic, personalized content. From a two-minute photoshoot, Property Finder’s creative team built dozens of tailored assets including social-ready videos, stills, and branded visuals. Every asset reflects the individual agent’s persona and professionalism set against their community of choice and expertise, underpinned by a rigorous avatar verification process. Not only have the agents been recreated, the scenes themselves accurately reflect the communities down to the square meter.

The results speak for themselves. Aiden Doyle, a SuperAgent at Strada Real Estate, reported a staggering 1,070% increase in daily seller leads since launching his avatar content. “It gave me a lot of credibility in the market and a discussion point with clients helping solidify their trust and assurance to work with me,” he explains. “People started to notice me more flagging that they saw me on this campaign advert.”

By integrating AI motion, voice synthesis, and storytelling into avatar content, Property Finder completed each asset in under five days, optimizing a process that would typically take six weeks. The result is nearly $1 million saved in production value and a repeatable model for agent empowerment.

“This isn’t just a marketing campaign, it’s a shift in how we drive results for our partners,” said Sevgi Gür, Chief Marketing Officer at Property Finder. “We didn’t want to limit our use of AI to simply driving cost savings and production efficiencies, instead we set out to leverage the technology available today to put dynamic, high-quality content in agents’ hands faster than ever before. AI has moved from experiment to impact, and I’m eager to push the boundaries of story-telling further, enhance talent visibility, create narratives that resonate and deliver real business outcomes.”

In parallel, Property Finder continues to explore the creative frontiers of AI through initiatives like Tiny Tenant, the region’s first AI-generated property podcast voiced by digital characters. Originally designed for consumer engagement, the format is now attracting industry-wide interest from agency owners seeking innovative brand exposure.

“Property Finder as always is ahead of the curve, bridging the gap between technology and creativity. My appearance on the Tiny Tenant podcast goes beyond innovation – it’s a stepping stone to a future where we redefine how we connect with our audiences. More customers want bold, forward-thinking experiences and I am excited to be on the journey with Property Finder, to deliver these”, shared Kika Pavese, Managing Director at MD Real Estate.

When it comes to property investing, most people don’t fail because they picked the wrong suburb or mistimed the market. They fail before they even begin, buying into limiting beliefs that hold them back.

Here are six myths that stop people investing, and the reality behind them.

1. You Need to Be Rich to Invest

Many assume investing is only for high-income earners. In truth, wealth is built through strategy and discipline, not salary size. Even modest incomes can support investing with the right plan.

2. I Need to Learn Everything Before I Start

Education is important, but waiting for perfect knowledge often leads to inaction. Investing is a long-term game, and you’ll learn more by starting than by endlessly researching.

3. I Missed the Boat

This fear pops up every time prices rise. But property markets reward time in the market, not perfect timing. Yesterday was the best time to invest; the next best time is today.

4. Property Is Too Risky

All investing carries risk, but avoiding it altogether can cost you more. The key is research, advice and a long-term approach focused on well-chosen, quality assets.

5. You Need 10 Properties to Retire

It’s not about quantity but quality. A few well-performing properties can generate the income you need without the stress of managing a massive portfolio.

6. I’m Too Young or Too Old to Start

Age is often used as an excuse. Younger investors benefit from time and compounding, while older investors can succeed with focus and clear goals. It’s never too early or too late to begin.

The Real Barrier? Mindset.
Most people don’t get started because they focus on what could go wrong. Shifting that mindset to focus on what’s possible is often the first and most crucial step.

Bryce Holdaway and Ben Kingsley are property advisers and co-hosts of The Property Couch podcast.

In June, the total value of real estate transactions reached 1,684,240,900 Qatari riyals.

Data from the analytical real estate bulletin issued by the Ministry of Justice showed that 372 real estate transactions were recorded during the month.

The municipalities of Doha, Al Rayyan, and Al Dhayen topped the most active transactions in terms of financial value in June, according to the real estate market index, followed by the municipalities of Al Wakrah, Umm Salal, Al Khor & Al Thakhira, Al Shamal, and Al Sheehaniya in transaction volumes.

The real estate market index for June revealed that the financial value of transactions amounted to 922,345,812 riyals in Doha Municipality, 397,807,840 riyals in Al Rayyan, and 124,153,736 riyals in Al Daayen.

Transactions in Al Wakrah reached 90,074,063 riyals, Umm Salal registered 82,987,792 riyals, Al Khor & Al Thakhira recorded 49,403,214 riyals, Al Shamal registered 15,168,470 riyals, and Al Sheehaniya recorded 2,300,000 riyals.

In terms of the index of transacted areas, Doha, Al Rayyan, and Al Daayen were the most active municipalities during June, accounting for 34% in Doha, followed by 32% in Al Rayyan, 11% in Al Daayen, while Umm Salal recorded 9%, Al Wakrah and Al Khor & Al Thakhira recorded 6% each, and Al Shamal accounted for 2% of the total transacted areas.

Regarding the number of real estate transactions (properties sold), Doha was the most active in June, with 32% of transactions, followed by 30% in Al Rayyan, 10% in both Al Wakrah and Al Daayen, 9% in Umm Salal, 6% in Al Khor & Al Thakhira, and 3% in Al Shamal.

Average price per square foot in June ranged between 396 and 952 riyals in Doha, 290 to 486 riyals in Al Wakrah, 304 to 406 riyals in Al Rayyan, 268 to 478 riyals in Umm Salal, 297 to 494 riyals in Al Daayen, 196 to 356 riyals in Al Khor & Al Thakhira, 174 to 252 riyals in Al Shamal, and 252 riyals in Al Sheehaniya.

In terms of high-value transactions, Doha recorded nine out of the top ten highest-valued properties sold in June, with one property recorded in Al Rayyan.

As for mortgage transactions during the same month, there were 123 mortgage transactions with a total value of 2,313,656,437 riyals. Doha recorded the highest number of mortgage transactions with 53 deals (43.1% of total mortgaged properties), followed by 29 in Al Rayyan (23.6%), 15 in Al Wakrah (12.2%), 12 in Al Daayen (9.8%), 10 in Umm Salal (8.1%), 2 in Al Khor & Al Thakhira (1.6%), and one transaction each in Al Shamal and Al Sheehaniya (0.8%).

In terms of mortgage value, Doha ranked first with 1,683,664,843 riyals, while Al Shamal recorded the lowest value at 560,000 riyals.

Looking at the ratio of mortgaged properties to their financial value, the number of mortgaged properties was higher than the mortgage amounts in all municipalities except Doha, where the mortgage amounts were proportionally higher than the number of mortgage transactions.

Doha recorded eight of the top ten mortgaged properties in June, with one property each in Al Rayyan and Al Daayen. The top ten mortgaged properties accounted for 71% of the total mortgage value for June.

Residential unit transactions in June reached 166 deals, with a total value of 313,779,536 riyals.

Data for June 2025 show that the real estate sector continues its steady and robust growth across investment and commercial segments, maintaining the strong activity seen recently, especially with the issuance of new laws and decisions related to property registration, documentation, ownership, and usufruct, as well as regulations that attract domestic and foreign capital.

These figures reflect the strength and resilience of Qatar’s economy and the continued growth of the real estate sector as a key component of the national economy.

The Dubai real estate market saw villa sales surge by 65% in total value to AED118.5 billion ($32.2 billion) and 55% in volume over the first six months of 2025 compared to the same period last year, according to a report by fäm Properties.

Growing investor and buyer interest in the villa sector was highlighted in H1 2025 as sales climbed to a new high built on transaction growth from 13,135 to 20,415, it stated.

A market update issued by fäm Properties shows that sales for villas and apartments combined rose by 38% in value, from AED 190.8 billion in H1 2024 to AED 262.7 billion in H1 2025. Transaction volumes grew by 22.96%, from 76,442 to 93,988 deals, it stated.

Data from DXB interact reveals that H1 apartment transactions were up 16% year-on-year, from 63,307 to 73,573. Sales value for apartments climbed 21% over the same period, from AED 119.2 billion to AED 144.2 billion.

Villas recorded triple-digit growth in three months, including a 118% rise in January, 111.5% in February, and a 147% surge in April, when the total value of villa sales tripled year-on-year from AED 7.8 billion to AED 24 billion, said the report by fäm Properties.

April was also a big month for apartments, with transactions up by 42% from 9,656 in 2024 to 13,736 in 2025, while sales value grew by 48.47%, from AED 18.046 billion to AED 26.794 billion, it added.

“The surge in villa transactions across most months this year highlights a growing demand for larger, family-oriented homes, a trend we’ve seen strengthen in recent years,” noted its CEO Firas Al Msaddi.

Average monthly villa deals rose from 2,189 in H1 2024 to 3,402 this year, with average value up from AED 11.9 billion to AED 19.8 billion. Apartment deals grew from a monthly average of 10,551 to 12,262, while average monthly value was up from AED 19.9 billion to AED 24 billion.

“At the same time, we’re witnessing sustained interest in apartments, particularly among investors and younger buyers seeking long-term value and rental yield, and this level of activity underlines consistent investor confidence in Dubai,” he added.

UAE’s telecom and digital services provider du, and Omantel, the leading provider of integrated telecommunication services in Oman, have announced the activation of the Oman Emirates Gateway (OEG), a 275-km-long international fibre optic submarine cable system that will enhance connectivity between the UAE and Sultanate of Oman.

The cutting-edge project connects three strategic international data centers: datamena DX1 in Dubai, UAE, Equinix MC1 in Barka and Equinix SN1 in Salalah Oman, said Omantel in a statement.

OEG is set to redefine the digital landscape of the region by providing a seamless express connection and supporting the area’s evolution into a global telecommunications hub.

This initiative boosts the operational efficiency of existing networks and systems while enhancing speed, expanding connectivity, and elevating customer experiences with advanced commercial offerings, it stated.

Karim Benkirane, Chief Commercial Officer of du, said: “The Oman Emirates Gateway is far more than just an optical cable; it is a bridge towards future-proofing the digital infrastructure of the region.”

“This project will be a cornerstone for hyperscalers, content providers, and international carriers, empowering them to enhance their presence in the UAE and Oman, and optimize their operational capability to meet the growing demands of the digital era,” he noted.

Samy Al Ghassany, Chief Technology and Digital Officer at Omantel, said: “The full activation of the Oman Emirates Gateway marks a pivotal milestone in our journey towards digital transformation in Oman and beyond. We are proud to contribute to the region’s content enrichment and to establish a robust, high-capacity corridor that will empower businesses across Oman and the UAE.”

“This achievement goes beyond mere connectivity; it propels the entire region towards innovation, growth, and global competitiveness,” he stated.

The activated system delivers transformative benefits such as comprehensive resilience through dual routes (terrestrial and subsea) guaranteeing unmatched reliability and optimal network performance.

Omantel said the state-of-the-art system infrastructure is designed to support emerging technologies, ensuring long-term sustainability and scalability.

It will provide faster cloud access, in addition to a direct connection to key data centers, providing global access to facilitate international business growth in a rapidly evolving digital landscape.

The activation of OEG is an important development for du and Omantel, reinforcing their positions as leading wholesale players in the telecommunications industry.

The partnership reflects a shared commitment to driving progressive change and attracting hyperscalers and global players to the region, improving the overall quality of connectivity and customer experience, said the statement.

The benefits of the OEG project extend beyond enhanced network capabilities, by serving as a crucial driver for economic growth and technological innovation in both the UAE, it added.

Saudi Arabia is introducing new reforms to raise the competitiveness of the kingdom’s asset management industry.

The Capital Market Authority (CMA) said it has approved a comprehensive package of enhancements which apply to investment funds and real estate investment funds regulations.

The reforms seek to streamline fund management, promote transparency and provide more investor protection. They’re also designed to align with global best practices and support the growth of both traditional and real estate investment funds.

Among the improvements, the CMA is now allowing more digital channels to distribute the funds, such as investment fund distribution platforms and electronic money companies licensed by the central bank, making it easier and more flexible for people to invest.

Real estate investment funds traded on the parallel market (Nomu) can also invest in property projects with greater flexibility upon establishment, easing previous percentages and asset restrictions.

As for money market and capital protection funds, investments in a single debt instrument source will be capped at 10% and total exposure to one entity will be limited at 25% of the net value of the fund’s assets, thereby lowering risks and boosting portfolio diversification.

The regulatory improvements are being introduced as Saudi Arabia’s asset management sector has seen significant growth.

Last year, 44 investment funds received CMA approval. They include 15 equity funds, five money market funds, seven endowment funds and four exchange-traded funds (ETFs) among others.

Permasteelisa Gartner Middle East, a part of leading international façade specialist Permasteelisa Group, has been appointed by London Gate to provide design and engineering services as well as manufacture and installation of 60,000 sqm of bespoke unitised façade on its key project – Franck Muller Aeternitas Tower, Dubai.

The contract award came following a direct request from London Gate for Permasteelisa Gartner Middle East to be the preferred façade contractor of choice, said the company in a statement.

Permasteelisa Gartner said the design of Aeternitas Tower, inspired by the intricate sophistication of the iconic Aeternitas Mega watch by Franck Muller, will be the tallest branded residential tower in the world at 450m – and the clock will be the highest!

It is located centrally, with views to rival all apartments in Dubai Marina, overlooking Palm Jumeirah, Jumeirah Beach Residence and Ain Dubai.

Permasteelisa Gartner Middle East said the design work had already commenced, with completion expected in July 2027.

Once completed, the tower will boast 649 units, with a mix of one- to three-bedroom apartments, in addition to villa and mansion duplexes. With housekeeping, a concierge service, and a 24-hour valet and porter, residents will have access to hotel-like services and facilities, but with the privacy and comfort of home.

Shared amenities range from health facilities, including a gym, padel court, spa, yoga studio and swimming pool, to cultural spaces such as a cinema, music room and library, said the statement.

Alessio De Mitri, Executive General Manager for the region, said: “We are delighted to have been appointed as the specialist façade contractor on this prestigious scheme.”

“Permasteelisa Group began working in the Middle East in 2006 and since then we have completed over 50 projects, including many iconic buildings in UAE, Kingdom of Saudi Arabia and Qatar. The Franck Muller Aeternitas Tower will be a fantastic addition to our already impressive portfolio,” he stated.

Permasteelisa Gartner Middle East has bases in Dubai, Riyadh and Doha, from which industry-leading façade design and engineering is being offered along with the FaçadeCare expertise to protect, maintain and enhance core assets through managed, tailored programmes of inspection and maintenance.

Engineer Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation in Ajman, confirmed that the number of real estate transactions during June reached 1,607, with a total value of AED2.32 billion, achieving a 47% growth compared to the same period in 2024.

The trading volume reached AED1.53 billion, out of a total of 1,318 transactions.

Al Muhairi explained that June witnessed exceptional activity and achieved record numbers, reflecting the direct increase in demand for various types of real estate in the Emirate

He added that the “Al Helio 1” area witnessed the highest sales value of AED46 million, noting that 215 mortgage transactions were recorded with a total value exceeding AED376.4 million, according to Ajman Real Estate Index statistics.

The Director General of the Department of Land and Real Estate Regulation pointed out that the highest single mortgage was registered at AED28 million in the Al Nuaimia 1.

Al Helio 2 topped the list of the most active neighbourhoods in terms of transaction volume, followed by Manama 14 and Al Zahya.

Meanwhile, the “Emirates City Ajman” project led the list of the most traded major developments, ahead of “Ajman One” and “City Towers.”

Saudi Arabia’s Cabinet, chaired by Crown Prince and Prime Minister Mohammed bin Salman, approved on Tuesday a new law regulating property ownership by non-Saudis.

The weekly session, held in Jeddah, began with the Crown Prince briefing the Cabinet on his recent talks with Indonesian President Prabowo Subianto and the phone call he received from German Chancellor Friedrich Merz.

The Cabinet commended the outcomes of the first meeting of the Saudi-Indonesian Supreme Coordination Council, highlighting the strength of bilateral ties and the signing of agreements and memoranda of understanding between private sector entities in both countries. These agreements cover clean energy, petrochemicals, aviation fuel services, and other sectors aligned with a shared vision for advanced economic partnership.

Acting Minister of Media Dr. Essam bin Saeed said in a statement to the Saudi Press Agency (SPA) that the Cabinet also reviewed Saudi Arabia’s contributions to global economic growth, reaffirming the Kingdom’s commitment to multilateral cooperation and market stability. This includes continued coordination with oil producers within the OPEC+ alliance to support petroleum market balance.

The Cabinet welcomed the Kingdom’s hosting of the 21st General Conference of the United Nations Industrial Development Organization (UNIDO), set to take place in Riyadh this November. The conference aims to develop joint solutions to challenges related to sustainable manufacturing, innovation, and technological transformation.

In a related development, the Cabinet lauded the unanimous adoption by the UN Human Rights Council of a Saudi-led resolution to protect children in the digital space. The initiative stems from the global “Child Online Safety” campaign launched by the Crown Prince and reflects the Kingdom’s commitment to a safer, more inclusive cyberspace for younger generations.

The Cabinet also celebrated Saudi Arabia’s continued top ranking in global cybersecurity, as reported in the 2025 edition of the World Competitiveness Yearbook. This achievement adds to the Kingdom’s record of rapid progress in the technology sector, including localizing key technologies and enhancing international collaboration.

Dr. Essam noted that the Kingdom’s first-place ranking in the 2025 International Telecommunication Union’s ICT Development Index confirms the strength of its smart digital infrastructure, growing investment climate, and a digital economy now valued at SR495 billion.

Cabinet members praised recent advances in the fight against narcotics, including major operations targeting organized crime networks trafficking in illegal substances and continued efforts to safeguard public health and safety.

Additional decisions from the session included approval of the updated National Transport and Logistics Strategy, approval of the organizational structure of the General Authority for Irrigation, approval of Saudi Arabia’s adoption of World Drowning Prevention Day, to be marked annually on July 25.

The Cabinet also approved a directive for the Social Development Bank to launch a guarantee program targeting the Kingdom’s most financially vulnerable groups, enabling access to financing from the bank and other institutions.

Rock Developments has officially announced the launch of its newest residential project, Rock Green, in New Heliopolis City, with total investments reaching EGP 7bn.

The development spans 17 feddans and reflects the company’s broader strategic vision to expand and diversify its real estate portfolio across Egypt.

Emad Doss, CEO of Rock Developments, stated that Rock Green will feature over 466 residential units ranging in size from 116 to 236 square meters, in addition to 40 private villas. The project is set to be implemented in three distinct phases. Parthena Doss, board member at Rock Developments, revealed that the company is targeting EGP 1.5bn in sales from the first phase alone.

She further noted that the company’s land portfolio now exceeds 5 million square meters, encompassing more than 20,000 units spread across ten large-scale developments, with a total investment value surpassing EGP 20bn. Rock Developments also holds the distinction of being the largest developer in Sheraton Heliopolis, with over 70 residential and commercial buildings completed to date. The company operates as a joint Egyptian-Canadian venture with more than 45 years of experience in the local real estate market.

Rock Developments has built a robust and diverse portfolio across Greater Cairo. Its residential projects include Rock Green and Rock White in New Heliopolis, Rock Yard in Sheraton, Rock Eden in 6th of October City, Rock Ville in Obour, and Rock Vera in New Cairo. On the commercial and administrative front, the company has developed Rock Capital 1 in the New Administrative Capital, Rock Gold Mall in New Cairo, and a number of retail and mixed-use plazas in Obour, 6th of October, and Sheraton.

Looking ahead, the company is planning to launch five new projects during the second half of the year. These projects will be located in key strategic areas across East and West Cairo, as well as within the New Administrative Capital, reinforcing Rock Developments’ ongoing commitment to market expansion and innovation.

According to Parthena Doss, the Rock Green compound will offer semi-finished apartments and villas, with average unit sizes hovering around 150 square meters. The company is offering payment plans extending up to eight years, with delivery of the first phase expected in 2029. She emphasized that the project has been carefully designed to meet the lifestyle needs of modern residents.

Rock Green will include a wide range of integrated services and amenities. These include an Olympic-standard walking and jogging track, a state-of-the-art gym, social and leisure spaces, an electric vehicle charging station, and designated parking for bicycles. The compound will also feature a luxurious entrance, tranquil areas for yoga and outdoor work, a quiet reading zone, a large central park, a dedicated children’s play area, a closed dog park, and several thoughtfully designed community zones to promote interaction and well-being.

As part of its 2025 expansion strategy, Rock Developments aims to achieve EGP 5 billion in contracted sales by the end of the year. This target will be driven by the launch of five new projects spanning residential, commercial, and administrative sectors in high-demand areas, as the company continues to solidify its position as a leading player in Egypt’s evolving real estate market.

Al Mouj Muscat, Oman’s premier lifestyle destination, has announced the launch of Azura Beach Residences, an exclusive new neighborhood within the prestigious West Point precinct of Al Mouj’s Al Marsa District. Bringing together coastal inspired architecture and resort-inspired living in one of the most sought-after addresses yet, the limited collection is the first in Oman to offer dual-frontage homes with panoramic views of both the ocean  and the marina, including direct beachfront access.

Featuring just 309 homes, the Azura Beach Residences includes two apartment buildings with 286 one, two and three-bedroom apartments along with 23 four-bedroom, five-bathroom chalets each with a private plunge pool and three car spaces, each product offering a curated selection of layouts designed for discerning buyers seeking privacy and resort-style living. The homes are characterized by open-plan layouts and seamless indoor-outdoor living designed to capture natural light and embrace the panoramic vistas.

Positioned over 19,500sqm of absolute beach and oceanfront coastal land, Azura Beach Residences is designed to enrich daily life through a refined balance of space, comfort and earthy connection to the water and beachfront. Residents can unwind at a resort-style infinity pool, stay active in a fully equipped gym designed to promote health and wellbeing, then find calm and relaxation in a landscape amenities deck with an infinity edge pool and unobstructed ocean views to the horizon. The family has the choice to enjoy time across dedicated indoor and outdoor play areas. Completing the lifestyle offering are additional amenities such as a co-working lounge in addition to direct access to both the beach and the marina promenade.

Nasser al Sheibani, CEO of Al Mouj Muscat, said, “Azura Beach Residences reflects our continued commitment to creating homes and places that are not only architecturally distinctive, but thoughtfully integrated into the lifestyle and fabric of Al Mouj Muscat. With its dual-frontage concept and elevated coastal setting, this new community introduces a way of living that is shaped by its surroundings; open, connected and in tune with the natural rhythm of the ocean. It is a response to what today’s residents who are seeking: a place to call home, everyday conveniences, and a sense of belonging in a truly exceptional community.”

Azura Beach Residences is offered with 100% freehold ownership for all nationalities, with residency eligibility extended to buyers and their first-degree relatives. As part of a precinct without an equal, the new neighborhood builds on Al Mouj Muscat’s commitment to shaping communities that deliver long-term value for owners and investors, celebrate quality of place, and reflect a truly integrated way of life.

The contracting sector in Saudi holy city Madinah recorded significant growth in 2024, with a 31% jump in activity compared to the previous year, said a report.

This was mainly driven by a combination of factors including the launch of a number of mega-projects across the region, extensive expansion and maintenance work at the main mosque and surrounding facilities, reported SPA, citing a recent report from the Madinah Chamber.

Also the strong government support for housing and real estate initiatives helped boost the contracting sector’s growth.

Madinah Chamber in its report highlighted the key drivers behind the boom in the contracting and construction sector.

These factors comprise a surge in real estate investments, growing demand for both residential units and commercial complexes, and an overall improvement in the business and investment climate, stated the SPA report.

Streamlined licensing processes for both local and foreign contractors, along with heightened market competition, have also played a crucial role in fostering this impressive growth.