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.

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.











