@aldar Properties reported a 21% increase in quarterly net profit to AED 2.25 billion, while revenue rose 16%. Despite strong rental income and a AED 71.6 billion sales backlog, new property sales fell 45% year on year, placing greater focus on the company’s performance in the final quarter of 2026.
The Middle East’s steel market is forecast to grow from $44bln in 2026 to $60bln by 2031, supported by nearly $2trln in infrastructure and industrial projects. Industry leaders will gather at Fastmarkets’ Middle East Iron & Steel 2026 in Dubai from November 16–18 to discuss regional demand, trade flows, investment opportunities and the transition to lower-carbon steel production.
Dubai Municipality has awarded AED 3 billion in contracts for four new projects under Phase 3 of the Tasreef Programme, covering nearly 100 sq km and adding around 100 km of stormwater drainage lines. Part of a wider AED 30 billion initiative, the projects aim to boost drainage capacity, reduce water accumulation and strengthen Dubai’s resilience to climate change and future urban growth.
26/10/2026
