Saudi Arabia’s Retal Urban Development Company has announced it has entered into an agreement with Omani authorities for the development of Neighbourhoods 3, 15, and 17 within Sultan Haitham City, Oman’s largest urban development project, at a total investment of US $800mn.

Spanning over an area of 1,395,661sqm, these neighbourhoods will be delivered in phases aligned with the city’s long‑term implementation plan, said Retal in a statement.

Retal’s agreement adds Saudi partnership to Sultan Haitham City and its investment aligns with Oman’s long‑term plans and demonstrates the scale of opportunities available to regional developers within the program’s city‑scale projects.

“We have built our reputation on delivering communities that endure; neighbourhoods where design quality, functionality, and liveability combine to create lasting value for residents and investors,” remarked its Chief Strategy Officer Eng. Mohammed Al Mohammadi.

“Sultan Haitham City presents exactly the kind of long‑term, implementation‑committed environment in which we invest with confidence,” he stated.

In addition to the Retal agreement, Oman formalised a specialised healthcare cooperation with Al Daham Real Estate of Saudi Arabia and Kubba of Turkey, supporting the development and operation of advanced medical facilities within the sultanate.

Jamal Al Hadi, Ministerial Advisor for Media at MOHUP said, “The agreements signed at MIPIM 2026 reflect the tangible momentum behind Oman’s Future Cities Program. International partners are choosing Oman because our projects are grounded in delivery certainty, backed by government commitment, and designed to create lasting value.”

He added, “Each agreement represents a concrete commitment from a partner who has examined our projects, assessed our delivery track record, and chosen to invest – a very different conversation from the one most countries had at MIPIM. We look forward to building on these relationships throughout 2026 and beyond.”

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Source: MEConstructionNews

Object 1 has announced the completion of RA1N Residence in Dubai. This milestone marks a significant transitioning from project launches to delivering homes. This achievement solidifies its reputation as a dependable player in Dubai’s growing real estate sector, the developer said.

Nestled in District 12 of Jumeirah Village Circle (JVC), the 25-storey tower boasts 144 units. These units range from 1-to-2-bedroom apartments to top-floor apartments equipped with jacuzzis for added comfort. The project caters to the increasing demand for ready-to-move properties. JVC continues to be a choice for both residents and investors, currently commanding 61% of sales searches and 80% of rental searches for mid-market apartments.

Tatiana Tonu, CEO of Object 1 said, “Delivering RA1N Residence is a defining moment for Object 1, as we move from vision to tangible reality. While the world watches regional shifts with caution, our faith in Dubai’s investment climate remains absolute. This city is more than just a market; it is a global safe haven that consistently turns challenges into growth opportunities. By completing our project, we are sending a clear message to our investors: we are here for the long term, contributing to the Dubai 2040 Urban Master Plan and building high-quality communities that thrive regardless of external pressures.”

RA1N Residence offers amenities designed to cater to the needs of modern urban life, it features a lobby with a lounge area and co-working spaces, clubhouse, indoor and outdoor fitness areas, 2 swimming pools, on-site retail outlets, and children’s play zones (both indoors and outdoors).

The apartments are designed with immediate comfort and functionality in mind. They are said to boast bright, ergonomic layouts and high-quality materials with contemporary finishes sourced directly from European factories. These finishes are complemented by built-in appliances and premium plumbing fixtures from leading manufacturers.

Residents of RA1N Residence have direct access to Al Khail Road and Sheikh Mohammed Bin Zayed Road, providing easy connectivity to Dubai Marina, JLT, and Dubai Internet City. The Roads and Transport Authority’s Hessa Street Phase II project will enhance road capacity and reduce travel times, benefiting nearly 650,000 residents across surrounding communities. This project further strengthens the district’s accessibility, the statement concluded.

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Source: MEConstructionNews

The Sharjah Fish Resources Authority (SFRA) has signed a consultancy agreement with Tridel Meteorological Projects Company to prepare technical designs for the marine facilities of the emirate’s aquaculture farm project.

The SFRA is responsible for the development and protection of fish resources and marine assets in Sharjah.

The contract covers the supervision of implementation to meet the highest engineering and technical standards. It also includes designing marine cages for fish farming, and the associated anchoring and mooring systems. In addition, the firm will oversee the execution of all marine facilities linked to the project.

Ali Ahmed Abu Ghazin, Chairman of SFRA, highlighted that the aquaculture farm project is a vital initiative supporting the emirate’s fish farming sector and enhancing food security.

He also noted that the authority continues to implement strategic projects and initiatives to develop the fisheries sector, contributing to sustainable development and meeting local market needs.

The partnership aims to leverage the consultancy’s specialised expertise in marine projects, ensuring the application of best practices in aquaculture facility design and implementation, ahead of the project’s forthcoming execution phase.

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Source: MEConstructionNews

Independent financial advisory services firm Synergy Consulting has said it is playing a vital role as financial advisor to a consortium for the development of the Rakwa Independent Sewage Treatment Plant (ISTP) Project in Ras Al Khaimah.

The Rakwa ISTP Project is the emirate’s first large-scale wastewater treatment project developed through a public-private partnership (PPP) model.

The consortium comprising Etihad Water and Electricity (EtihadWE), Taqa Water Solutions and Saur International has entered into a long-term sewage treatment agreement (STA) with the Public Services Department Ras Al Khaimah (PSD) for the implementation of the project. The ISTP project will be delivered under a Build-Own-Operate-Transfer (BOOT) framework.

With a planned treatment capacity of 60,000cu/m per day, the ISTP facility is expected to significantly enhance wastewater treatment capabilities in Ras Al Khaimah and support a potential population of 300,000 residents, said a statement.

The project will play a key role in facilitating ongoing and future urban and industrial development across the emirate, the statement concluded.

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Source: MEConstructionNews

Miral has announced the opening of Yas Bay East Beach on Yas Island. The beach destination is the newest stretch of shoreline on Yas Island, and is said to mark a strategic milestone for Miral, demonstrating its ongoing efforts to create memorable and joyful experiences for guests visiting Yas Island.

The 290m waterfront is operated by Hilton Abu Dhabi Yas Island, and is said to offer a contemporary coastal escape designed for adults seeking a relaxed yet vibrant atmosphere. Guests can take advantage of a dedicated fitness zone, an open sports area, and beach access, making it the ideal spot for everything from laid-back lounging to morning workouts with a view, said a statement.

“The Yas Bay East Beach represents an exciting addition to Yas Bay Waterfront and Yas Island, and is testament to our commitment to creating vibrant and enriching experiences for both visitors and the communities on the island. Designed with a curated selection of experiences for our diverse visitors, it reflects our efforts in further positioning Yas Island as a top global destination for entertainment and leisure. We look forward to every guest enjoying their ideal coastal escape as part of their unforgettable visit to the island,” said Jonathan Brown, Chief Portfolio Officer, Miral.

Located within close proximity to the hotel, the beach will welcome visitors daily from 7:00AM until sunset, offering guests an effortless way to slip into island life, just steps from their room. While beach access is open to the public for a fee through the week, resident guests of Hilton Abu Dhabi Yas Island can enjoy the beach complimentary as part of their stay, the statement added.

Situated on the Yas Bay Waterfront, Hilton Abu Dhabi Yas Island offers direct access to the capital’s most exciting entertainment district. With the new Yas Bay East Beach now part of the experience, the property gives guests even more reason to check in and stretch out by the sea, it continued.

The new beach joins a variety of experiences at Yas Bay Waterfront, including over 20 al-fresco restaurants and cafés, and Etihad Arena. Located just minutes from SeaWorld, Ferrari World, Warner Bros. World, CLYMB, Yas Waterworld Yas Island, Abu Dhabi, and Yas Marina, the beach destination forms a seamless extension of Yas Island’s immersive ecosystem.

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Source: MEConstructionNews

Kuwait Petroleum Corporation (KPC) reported on Friday morning that the Mina Al Ahmadi Refinery came under drone attack. The refinery is Kuwait’s largest and is operated by Kuwait National Petroleum Company (KNPC).

Emergency response and fire-fighting teams were immediately deployed and worked to contain the situation in accordance with the highest safety standards, KPC said.

According to a report, preliminary assessments found that the attack resulted in a fire in several units within the refinery but caused no injuries. The refinery processes about 730,000 barrels of oil per day.

In response, precautionary measures were rolled out; a number of refinery units were shut down, and all necessary procedures were implemented to ensure the safety of personnel and the security of the facility.

The strike is part of a larger campaign against GCC countries that was launched by Iran in retaliation for an Israeli strike last week on its South Pars gasfield, the country’s largest, which supplies about 80% of its domestic natural gas needs.

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Source: MEConstructionNews

Conflict has the potential to derail construction projects in an instant, so in response to the ongoing conflict in the Middle East, HKA and Middle East Consultant have partnered to host a live podcast on the delays and disruption claims that can arise from conflict.

The session will take place today on 18 March from 2pm to 2.45pm. The session is free to attend, however registration is mandatory to secure access. Click here to register.

The live session will be moderated by Haroon Niazi, Partner, Construction, Claims and Expert Services Lead, EMEA at HKA, he will be joined by Dr. Franco Mastrandrea, Partner at HKA and Derek Nelson, Partner at HKA.

The session will share an overview of escalating regional developments, how disruptions such as the Strait of Hormuz closure, missile/drone activity are affecting building and infrastructure projects today, the operational and commercial implications for employers and contractors, and much more.

“Developments across the Middle East are now starting to affect major construction and energy projects in real time, and we’re seeing disruption to shipping routes due to the closure of the Strait of Hormuz, missile and drone activity affecting critical infrastructure, and in some cases, project teams having to suspend works or demobilise due to site safety concerns,” said Haroon Niazi, Partner, Construction, Claims and Expert Services Lead, EMEA at HKA.

“In our live podcast session, I’ll be joined by HKA experts Dr. Franco Mastrandrea and Derek Nelson as we look to explore what this means for projects in the region, from disruption and delay today, to the importance of capturing the right records now to support potential claims later. We’ll also look at the issues both from an employer and contractor’s perspective, and there’ll be a great opportunity for some live question and answers.”

The 2026 edition of the Value Engineering Summit, which is scheduled to take place on 15 April, will also focus on this topic, in addition to the implications of Dubai’s new law on building quality and safety and the implications for developers and construction companies, choosing the right partners for optimal project delivery, technology and industrialised construction and the impact it can have on quality and fast-tracked projects and more. This event will take place at the H Hotel in Dubai, registration is complementary for industry professionals. Click here to check out the agenda.

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Source: MEConstructionNews

Zoya Developments has unveiled Nuvé by Zoya, a new mid-rise residential development in Dubai Land Residence Complex. This development introduces 232 fully furnished residences within the complex. The handover of the development is scheduled for Q2 2028.

The units range from 169 studios, each spanning 414 to 519sqft, to 51 1-bedroom residences, each ranging from 770 to 899sqft, and 12 2-bedroom residences, each measuring 1,177sqft.

Shoaib Khann, CEO of Zoya Developments said, “Nuvé reflects our continued commitment to creating thoughtfully designed communities that respond to the evolving needs of Dubai’s residents and investors. We see strong demand for well-located, design-led developments that offer both lifestyle quality and long-term value. Through Nuvé, we are delivering fully furnished homes with efficient layouts, integrated smart systems, and a comprehensive amenity offering, supported by a disciplined payment structure that enhances accessibility and investment appeal.”

The launch of Nuvé aligns with the company’s long-term expansion in Dubai, focusing on delivering contemporary, design-driven developments that combine functionality, transparency, and sustainable value creation.

Nuvé will offer direct connectivity to major highways linking Downtown Dubai, Business Bay, and both international airports. The surrounding community is equipped with established schools, healthcare facilities, retail centres, and leisure destinations, making it an option for long-term residents and rental demand, the developer said.

Architecturally, Nuvé presents a contemporary mid-rise profile characterised by balanced geometry and soft lines, creating a distinctive yet understated identity within the community. Interiors are designed with neutral palettes, natural finishes, and floor-to-ceiling glazing, optimising natural light and spatial efficiency, aligning with the evolving preferences of buyers for turnkey living solutions.

Amenities include an infinity pool, plunge pool, jacuzzi, landscaped gardens, reflexology path, indoor and outdoor gyms, yoga area, rooftop seating zones, cabanas, fire pit terrace, barbecue areas, children’s play area, and a sightseeing deck. The integration of wellness-driven and social spaces reflects the broader market demand for lifestyle-integrated residential developments that prioritise both livability and rental competitiveness.

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Source: MEConstructionNews

Al Majdiah has signed a contract worth US $20.48mn with Emarna Contracting Company to develop a new residential development in Riyadh’s Al‑Nada District.

The project, known as Al-Majdiah Project (174), will be executed on a turnkey basis and involves the construction of 8 residential buildings comprising 226 housing units, according to a company announcement.

Under the agreement, Emarna Contracting will undertake all works related to the development, including structural and architectural construction, finishing works, electrical and mechanical services, safety and protection systems, air-conditioning and ventilation installations, as well as site works, in line with approved designs and project specifications.

The contract was signed on 5 March 2026, and the project is expected to be completed within 12 months.

Dar Al Majed Real Estate said the development is expected to have a positive impact on the company’s financial results upon completion.

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Source: MEConstructionNews

The real estate market in Dubai witnessed the sale of a plot of land in Al Sufouh Gardens for approximately US $192mn.

The Dubai Land Department recorded that the plot spanning 85,080sqft sold at a price of US $3,305 per sqft.

Despite regional tensions, Dubai’s real estate market continues to draw significant investment demand for land, villas, residential and commercial units. Sales such as this highlight the confidence investors and end users place in the emirate’s property market, said a report.

The recent sale of a villa on the World Islands, which sold for approximately US $60mn further drives the message of resilience and confidence. The villa is part of the Amali Island project and covers 58,801sqft, and commanded a rate of US $1,031 per sqft.

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Source: MEConstructionNews