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ONE Development has started construction on Laguna Residence, its US$540 Mn flagship project, just 55 days after its launch. Scheduled for completion by Q4 2027, Laguna Residence will be the region’s first fully AI-integrated residential community.
Featuring twin towers, lagoon-centered designs, and 40+ amenities, the project prioritizes sustainability, innovative living, and the UAE’s ambitions to lead in quality of life and innovation.
A US$930 Mn fund has been launched to develop Urban Wadi, a mixed-use project spanning 207,000 sqm in Riyadh. Backed by public-private partnerships, the fund aims to attract foreign investment and enhance urban development aligned with Saudi Vision 2030.
Featuring Salmani architectural designs, the project underscores Riyadh’s ambition to improve quality of life and establish itself as a global urban destination.
MERED has named SERA Group as the contractor for ICONIC Residences, designed by Pininfarina. The project, set for Q3 2027, will feature 310 luxury apartments and amenities including a spa, infinity pool, yoga spaces, and retail outlets.
Positioned in Dubai Internet City, the development reflects Dubai’s rise as a leader in branded residences, catering to increasing demand for premium living spaces.
Dubai South Properties has completed Phase 1 of The Pulse Beachfront, featuring 251 luxury villas ranging from three to five bedrooms. With standout amenities like a lagoon, fitness facilities, and green spaces, the project embodies modern family living.
Part of a master plan, the broader development will include 788 units, transforming Dubai South into a hub for upscale, community-focused living.
Jabal Omar sold a prime 7,503 sqm plot for US$359 Mn to Durat Taibah Investment. Proceeds will be used to repay loans and fund ongoing projects.
The transaction follows the recent US$293 Mn sale of another Makkah plot and highlights Jabal Omar’s strategy to enhance liquidity while expanding its flagship development in the region’s religious and tourism sectors.
Saudi Arabia has completed its first road using recycled construction and demolition (C&D) waste in asphalt, a collaboration between RGA, Al Ahsa Municipality, and MWAN.
This sustainable project aligns with the Kingdom’s goal of achieving a 60% recycling rate by 2035, reducing reliance on raw materials, minimizing environmental impact, and positioning Saudi Arabia as a leader in sustainable infrastructure development.
Dubai Municipality has awarded contracts for Phase 2 of the US$109 Mn Al Mamzar Beach Project, expected to be completed by 2025. The development will feature integrated beaches, cycling paths, and smart facilities, creating a world-class tourism destination.
Aligned with sustainability goals, the project highlights Dubai’s commitment to enhancing quality of life and maintaining its status as a global tourist hub.
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