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New Murabba has appointed Sabah Barakat as acting CEO, replacing Michael Dyke as Saudi Arabia reassesses major real estate projects under Vision 2030.

Clock31/08/2026

Cityscape Qatar concluded its latest edition with record-breaking results, generating QR1 billion ($269 million) in real estate sales, doubling last year’s figure, and welcoming 16,000 visitors over three days.

@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.

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Nakheel has awarded a contract worth over AED 950 million for 617 homes at Bay Grove Residences on Dubai Islands, bringing total construction awards for the development to more than AED 1.75 billion across 1,154 planned homes.

Clock27/10/2026
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