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October 29, 2025 mebim0

Developer Ellington Properties has said it is poised to unveil Soto Grande, its latest residential development in Al Hamra, Ras Al Khaimah. The project is said to highlight Ellington’s expansion into the northern emirates, and solidify its reputation as a developer that redefines lifestyle communities through architectural prowess, design, and curated experiences.

Ras Al Khaimah is currently emerging as one of the UAE’s fastest growing real estate destinations. In the first half of 2025 alone, the emirate attracted US $191mn in foreign direct investment. Moreover, its population is projected to surge from 400,000 today to 650,000 by 2030. This demographic growth is expected to fuel demand for 45,000 new housing units, further emphasising the demand for designed residential communities, said a statement from the developer.

Soto Grande will offer a diverse range of designed living spaces, from compact studios to four-bedroom apartments and penthouses. The development will introduce a distinctive architectural statement to Al Hamra. Rising as two striking residential volumes connected by a central bridge, the design draws inspiration from the calm of the sea and the flow of nature. The bridge itself stands as a bold architectural gesture, symbolising balance, belonging, and community, while also providing residents with elevated vantage points across the lagoon, golf course, cityscape, and the Arabian Gulf, it added.

Joseph Thomas, Co-Founder of Ellington Properties remarked, “With Soto Grande, we wanted to rethink what it means to live in Ras Al Khaimah at a time when the emirate is entering a new phase of growth. For us, architecture is never just about aesthetics; it is about creating a sense of place and identity that people feel proud to call home. The bridge is symbolic of that idea as it is a bold design feature that also represents balance, connection, and belonging. Through this development, we are adding a new chapter to Al Hamra, while providing residents a refined living experience rooted in design, community, and the spirit of Ras Al Khaimah.”

Soto Grande will offer living experience through a curated selection of lifestyle amenities. Residents will be welcomed into a hotel-inspired lobby and lounge and concierge services, while a private clubhouse will serve as a hub for dining, entertainment, and social gatherings.

Spaces dedicated to wellness include a double-height fitness studio overlooking the pool, a yoga studio with a refreshment bar, and spa-style changing rooms featuring sauna and chromatherapy showers. Outdoors with landscaped play zones, a padel court, lap and leisure pools, and an outdoor gym, while families benefit from children’s play areas with dedicated facilities, the statement concluded.

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Source: MEConstructionNews


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October 29, 2025 mebim0

SAMANA Developers has unveiled its latest residential project, SAMANA Hills South 3. This new project, set in the expanding Dubai South district, aims to deliver 147 high-quality units. It caters to international investors seeking a secure asset near one of the Emirate’s crucial economic zones, said the developer.

Following the sale of Samana Hills South 1 and 2, the launch of Samana Hills South 3 is said to underscore the developer’s market position and solidifies it as one of Dubai’s key off-plan developers. The project spans an 95,195sqft of residential space, and offers a range of studio-, one- and two-bedroom apartments, with an estimated handover date of October 2028.

“Dubai is not just maintaining momentum; it is smashing records. The $14.78bn in sales recorded last month provides an unparalleled foundation for a secure asset,” stated Imran Farooq, CEO of Samana Developers. “Our own success, where we ranked as the fifth largest off plan developer in H1 2025 and continue to draw 86% of sales from international investors, confirms our strategy.”

“The area around Dubai South is the epicentre of tomorrow’s growth, driven by the expansion of Al Maktoum International Airport. With SAMANA Hills South 3, we are delivering a project that aligns with this market strength: a premium, high yield product located near the city’s next major economic hub,” he added.

The development is said to be strategically positioned to benefit from the substantial expansion and employment opportunities emerging from Al Maktoum International Airport (DWC) and the business hubs in Dubai South. Its location provides easy access to major highways, including Sheikh Mohammed Bin Zayed Road (E311), ensuring convenient daily commutes. The property is conveniently situated just 18 minutes from Al Maktoum International Airport and 20 minutes from Dubai Marina, the developer said.

SAMANA Hills South 3 is designed as a resort-style sanctuary, offering an extensive suite of over 30 amenities. Key features will include a dedicated Aqua Gym and Spa, a wellness lounge, swimming pool, and an outdoor cinema. This emphasis on luxury amenities and high-quality living ensures strong rental potential for investors.

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Source: MEConstructionNews


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October 29, 2025 mebim0

Developer Red Sea Global (RSG) has secured a US $1.73bn credit facility specifically designed for the development of AMAALA. The funding initiative is led by Riyad Bank as the sole underwriter, with The Saudi Investment Bank (SAIB) and Bank AlBilad serving as mandated lead arrangers.

The loan agreement incorporates a blend of conventional and Islamic financing, aligning with RSG’s Green Loan Framework. The framework was initially established when RSG secured private funding from a consortium of four banks for the development of The Red Sea destination in 2021, said a statement.

“Four years ago, we made history by securing the first-ever Riyal denominated green finance credit facility. Since then, we have built and opened nine hotels at The Red Sea destination as well as supporting infrastructure. Last month we announced the upcoming opening of Shura Island, which will feature 11 hotels, residences, high-end food and beverage and retail experiences. We have demonstrated that we are a developer who delivers and we’re proud that our financing partners recognise this and have faith to once again back our destinations, this time supporting AMAALA, which opens in the coming weeks,” said John Pagano, Group CEO at RSG.

This is the third time RSG and Riyad Bank have collaborated. Their partnership began with the establishment of the first green loan facility in 2021. They also jointly financed a $533mn debt package for a joint venture with Kingdom Holding Company to develop the Four Seasons Resort on Shura Island, which is expected to open later this year.

Nadir Al-Koraya, President and Chief Executive Officer of Riyad Bank said, “Red Sea Global continues to demonstrate exceptional capability in delivering on bold and transformative developments that align with the Kingdom’s Vision 2030 goals. We are proud to once again support them, this time in realising AMAALA, an ambitious, sustainability-driven destination that will redefine wellness and luxury tourism.”

Gregory Djerejian, Group Head of Investments and Chief Legal Officer at RSG added, “We are grateful to our partners for their continued trust and support. Their backing not only reflects confidence in our vision, but also reinforces our shared commitment to responsible, future-focused development. Together, we are helping to deliver destinations that set new standards for sustainability, wellness, and economic impact.”

The Green Financing accreditation is governed by a Green Financing Framework aligned with the Green Bond Principles and Green Loan Principles established by the International Capital Markets Association (ICMA) and the Loan Market Association (LMA), respectively.

Akin, an international law firm, provided advisory services on the deal. Their Riyadh office acted as the borrower’s counsel, while Linklaters’ Riyadh office acted as the lenders’ counsel. Both firms played a crucial role in ensuring the execution of the transaction. They offered commercially focused and pragmatic legal advice that supported RSG in securing this landmark green financing.

AMAALA, located at Triple Bay, is set to open this year. It will feature over 1,400 hotel rooms across eight different resorts. AMAALA is positioned as an ultra-luxury wellness destination centered around regeneration. Two of its distinctive features are the Corallium Marine Life Institute, an educational and scientific research center, and the AMAALA Yacht Club, which aims to become an international hub for luxury yachting, said the statement.

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Source: MEConstructionNews


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October 28, 2025 mebim0

As Saudi Arabia creates destinations that blend culture, commerce, leisure, and entertainment, the complexity of managing these multi-layered environments is intensifying. Nowhere is this more visible than in large-scale mixed-use developments, greenfield projects and world-class event organisation, where the visitor journey is shaped by countless moving parts behind the scenes.

In this landscape, the role of the managing agent, or vendor management agent, is no longer a ‘nice-to-have’ – it is a strategic necessity.

The rising demand for managing agents

Across global markets, the demand for professional managing agent services has surged. Mixed-use precincts, cultural parks, and major event venues depend on a network of vendors and operators, each responsible for a slice of the overall experience. Without a single point of accountability, service gaps emerge, customer journeys falter, and reputations suffer.

We’ve seen this dynamic play out across major international events. Where coordination is strong, visitors’ experiences run seamlessly; but where vendor alignment is lacking, even well-planned occasions can quickly unravel.

Early feedback from the Osaka Expo 2025 in Japan, for instance, has highlighted frustrations with reservation systems, signage, and pavilion access – issues that spread rapidly across social media. The lesson is clear: behind every celebrated event or landmark destination lies an often-invisible layer of management that ensures the entire ecosystem functions as one.

Another lesson is the social media point. In today’s hyper-connected world, the stakes are even higher. A single poor visitor experience rarely stays private, social media ensures frustrations are amplified instantly. Research shows that consumers are far more likely to share a bad experience than a good one, and nearly nine in ten say they would be deterred from attending an event if they saw negative comments online.

Success is measured not just in iconic skylines, sqm of green space or visitor numbers, but in how seamlessly those visitors are welcomed, engaged, and inspired. A well-structured managing agent ensures that operational excellence underpins every landmark moment – protecting reputation, maximising return on investment, and delivering the ‘wow factor’ that global audiences and residents now expect.

A strategic enabler of national visions

Developments on the scale of King Salman Park, Qiddiya and Diriyah Gate or global mega-events such as Expo 2030 Riyadh and the FIFA World Cup 2034, are more than construction projects or sporting spectacles – they are symbols of national progress. These are platforms for Saudi Arabia to showcase itself on the global stage, attracting investment, boosting tourism, and creating lasting cultural impact. It is a real opportunity to create a better quality of living for its residents.

Delivering on that promise requires meticulous coordination. It means ensuring that crowd management, facilities oversight, vendor services, technology platforms, and customer experience design all work in harmony. It means having a single accountable entity that can anticipate risks, resolve issues quickly, and guarantee that nothing slips through the cracks.

What to look for in a managing agent

For developers and event organisers, choosing the right managing agent can be the difference between operational friction and a flawless visitor journey. Five qualities stand out:

  • Operational expertise: More than strategic oversight, the right managing agent understands on the ground realities of facilities management, asset management, transportation and logistics. They know how systems, vendors, and people interact and how to keep them aligned under pressure
  • Customer experience focus: Visitors rarely remember the mechanics of an event, they remember how it made them feel. Managing agents must go beyond compliance to create seamless and positive experiences. That means aligning vendors, training frontline staff, and embedding customer-centric thinking across the ecosystem
  • End-to-end management: Mega-developments and events involve dozens of suppliers, contractors, and service providers. A managing agent must provide a single point of accountability, orchestrating across disciplines, so developers and organisers can focus on outcomes rather than firefighting
  • Continuous improvement: Standards cannot be static. Look for managing agents that go over and above, putting in place CX hubs and using data-driven insights, and performance monitoring to track delivery in real time, identify gaps, and raise the bar continuously
  • Knowledge transfer: Too often, large projects are left dependent on external expertise long after launch. A progressive managing agent builds capability locally, ensuring that nationals and client organisations are equipped to sustain excellence themselves

Evolving best practice: The rise of value-add services

The best managing agents are now defined not just by how they keep operations running but by the value they add. The expectation is no longer limited to vendor oversight, it is about driving growth, enhancing reputation, and building long-term capability.

There is a clear departure from the traditional consultancy model in the Kingdom. Companies can no longer afford to appoint advisory firms to devise expensive strategies and glossy playbooks only to leave operators to struggle with implementation.

The future belongs to managing agents who combine advisory insight with operational delivery – those who not only design solutions but also stand shoulder-to-shoulder with clients to make them work in practice.

Examples of value-add services include:

  • Capability building and knowledge transfer: Using Transform-Train–Transfer approach, managing agents train and empower client teams, so within a four-year cycle, responsibility is handed back with sustainable skills embedded.
  • Experience design and training: Beyond service management, progressive agents help shape how visitors interact with a place, ensuring every touchpoint is consistent with the destination’s brand promise.
  • CX hubs and insight-driven improvement: Creating platforms to capture, analyse, and act on performance data, ensuring standards evolve with visitor expectations.
  • Vendor ecosystem development: Raising the quality of the entire supply chain by aligning and upskilling vendors to common goals.

A catalyst for experiences that last

Managing agent services may be invisible to most visitors, but their impact is central to the experience. For mixed-use developers and event organisers, appointing the right managing agent is about more than operational efficiency – it is about creating memorable journeys that reflect ambition, embody national vision, and leave a lasting legacy.

As mixed-use destinations become more ambitious and expectations climb ever higher – with projects such as King Salman Park, Qiddiya, Diryah Gate and Expo 2030, and the FIFA World Cup 2034 on the horizon – overlooking the managing agent role is a risk that few can afford to take.

The developers and organisers who succeed will be those who recognise that strategy alone is not enough. Delivery, accountability, and value-added capability are what transform a blueprint into a world-class experience.

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Source: MEConstructionNews


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October 28, 2025 mebim0

Dubai-based Mashriq Elite Real Estate Development said it has commenced the construction of Floarea Oasis at the Dubai Land Residential Complex (DLRC). This marks the fourth residential project by the company in Dubai, adding 257 designer apartments to the city’s housing stock.

The apartments will cater to the growing demand and further enhance Dubai’s reputation as a prime real estate investment destination, said a statement from the developer.

“Floarea Oasis is another milestone project for us and the development’s location within Dubailand adds immense value to it with the potential for rental yields in the range of 8-10 percent and asset yield of more than 12 percent in line with the overall exponential growth trend of Dubai’s real estate market,” said Kamran Muhammad, CEO of Mashriq Elite Developments.

The planned handover of Floarea Oasis, which will come up on a plot area of 36,915sqft, will be in the first quarter of 2028. Floarea Oasis will offer 129 studios in the range of 410 to 460sqft and 102 one bedroom of 760 to 860sqft. There will be 26 two bedrooms of 1,236sqft.

Flanked by Sheikh Mohammed Bin Zayed Road, Dubailand’s strategic location in the proximity of key destinations in Dubai along with the lifestyle the community offers is a significant value-add for Floarea Oasis, said the developer.

The development has a host of premium amenities including a Sky Pool, Kids Pool and Play Area, Splash Pad, Outdoor and Indoor Gyms, a Meditation Deck, Roof Garden, Barbeque Corner and EV Charging Stations. Other amenities include a Reading Corner, Board Games Corner and Outdoor Table Tennis, it added.

In line with the increasing demand for quality residential units, Mashriq Elite is planning to add over 1,200 units to the emirate’s residential stock in the next two years across projects in a host of key locations in Dubai.

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Source: MEConstructionNews


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October 27, 2025 mebim0

AMAALA Residences, Red Sea Global’s (RSG) property brand for its residential portfolio at AMAALA, has unveiled the first homes available for purchase at the destination. The collection of wellness and lifestyle communities, along with a five-bedroom villa nestled on its own private island, offers a luxury living experience with contemporary design with the region’s natural landscapes, said a statement from RSG.

Each property is said to be crafted to maximise panoramic views and connection with the surrounding environment. These homes provide not only a tranquil retreat but also a distinctive opportunity to live in one of the world’s most coveted and emerging destinations, which launches later this year with the first resorts opening at Triple Bay AMAALA, the company added.

John Pagano, Group CEO at Red Sea Global said, “Saudi Arabia is becoming a place that more and more people are proud to call ‘home’. Nestled between the Hijaz mountains and azure shores of the north-western coast of Saudi Arabia, AMAALA offers a new luxury wellness community that is setting the global standard for holistic living. Residents will enjoy the use of the AMAALA Yacht Club and state-of-the-art marina, championship golf courses, elite wellness, fine dining, high-end retail, and premium healthcare all while retaining exclusivity, privacy and peace of mind.”

Clinique La Prairie Residences, designed by architect John Heah, offers 13 homes, these are the first residences available for purchase from the Swiss longevity clinic. Nammos has introduced Nammos Residences, which features 20 luxurious apartments and penthouses ranging from one- to three-bedrooms.

Also listed on the open market are the Rosewood Residences, 26 crafted three- to five-bedroom villas designed by Italian architects Antonio Citterio and Patricia Viel (ACPV). The Andar Club Residences, part of the AMAALA collection of properties, are also available. These villas offer three- to six-bedrooms and are set around a nine-hole, signature golf course, the company said.

According to RSG, AMAALA offers a comprehensive range of world-class amenities designed to enhance the wellness, lifestyle, and experiences of its residents. At the heart of the community lies the Marina Village, a lively hub of restaurants, luxury boutiques, and retail outlets, providing a curated selection of dining, shopping, and entertainment experiences for all tastes and preferences.

AMAALA’s marina is fully serviced and can host more than 50 superyachts with berths for vessels up to 120m in length. One of the perks of being a resident at AMAALA is having priority access to rent one of the sought-after berths. Two of AMAALA’s signature attractions are also located at the marina: Corallium, Marine Life Institute, which promises to become a global center for ocean conservation, education and entertainment; as well as the AMAALA Yacht Club, which is set to become an international hub for luxury yachting, RSG explained.

AMAALA Residences is said to be a key component of RSG’s expanding real estate portfolio. In January, RSG unveiled its first residential properties at the Red Sea destination under the brand name Red Sea Residences. In April, they announced Laheq Island, their first development focused on property ownership.

Both The Red Sea and AMAALA are powered by 100% renewable energy, including the residences. Beyond sustainability, these destinations aim to have a regenerative impact on the environment. By 2040, RSG has set a goal of achieving a 30% net conservation benefit for local ecosystems. This will be achieved by enhancing biologically diverse habitats such as mangroves, seagrass, corals, and land vegetation, thereby promoting biodiversity while contributing to carbon sequestration, the developer said.

AMAALA is expected to welcome its inaugural guests later this year with a vision of becoming a comprehensive health and wellness destination. Spanning over 1,400 hotel rooms across eight luxury resorts, AMAALA will welcome wellness operators globally. It will offer a diverse range of programs tailored to cater to various lifestyles and well-being needs. The Red Sea, which has been welcoming guests since 2023, currently boasts six hotels. RSG said that it is on track to complete all 16 hotels that comprise Phase One of The Red Sea within the next few months.

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Source: MEConstructionNews


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October 27, 2025 mebim0

UAE-based Saif Bin Darwish has announced its acquisition of Gulf Precast, which is said to be the country’s largest manufacturer of precast concrete.

This acquisition represents a significant strategic move that allows for the integration of Saif Bin Darwish’s extensive expertise in road, bridge, airport, and tunnel projects with the advanced manufacturing capabilities of Gulf Precast. This synergy enhances their combined potential to execute larger, more sophisticated projects with high efficiency and quality, said a statement.

Since its establishment in 1982, Gulf Precast has operated six factories across Dubai and Abu Dhabi with a production capacity of up to 1,500cu/m per day. The company has contributed to the completion of numerous residential, commercial, and infrastructure projects within the UAE and abroad, achieving a distinguished record of awards and recognition.

With this move, Saif Bin Darwish reaffirms its continued commitment to supporting the UAE’s long-term vision for sustainable infrastructure development and solidifying its position in the region’s construction sector, the firm said.

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Source: MEConstructionNews


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October 27, 2025 mebim0

AD Ports Group has entered into a land sale agreement with Mira Developments. The agreement aims to develop one of the largest mixed-use communities in the Al Mamoura district of Abu Dhabi. The land, part of the group’s 16sqkm Town Centre Area, is located along the Dubai Abu Dhabi highway.

The strategic agreement, valued at US $672mn, will lead to the development of a large-scale, fully integrated community over the next decade. Construction is scheduled to commence within 12 months, with completion expected within 10 years from the agreement’s effective date.

Mohamed Juma Al Shamsi, Managing Director and Group CEO, AD Ports Group said, “This landmark agreement with Mira Developments reflects the group’s commitment to advancing the development of its land portfolio and attracting new investment. The significant land sale establishes a new source of income for the group, with the proceeds strengthening the company’s financial position through debt reduction and reinvestment into growth projects. Together with Mira Developments, we are not merely developing one of Abu Dhabi’s largest mixed-use plots, we are shaping a high-quality, liveable community that supports economic diversification and delivers lasting economic and social value for Abu Dhabi, in line with the vision of our wise leadership.”

Timur Mamaikhanov, Co-Founder and CEO, Mira Developments added, “We are pleased to partner with AD Ports Group on this transformative project. The Al Mamoura site is an exceptional location, and we are committed to developing a landmark mixed-use community that will set new standards for quality and lifestyle in Abu Dhabi. Our vision is to create a vibrant and dynamic destination that combines residential, commercial, and leisure facilities, and this agreement provides the foundation to bring that vision to life. We have full confidence in Abu Dhabi’s thriving real estate market and look forward to a successful collaboration with AD Ports Group.”

This commitment to the established timeline underscores the project’s importance for driving sustainable development and transforming the urban sector. This agreement marks a significant milestone in AD Ports Group’s growth journey. It reinforces the company’s position as a diversified and future-focused entity, attracting investments to the Emirate. Beyond strengthening the group’s financial position, the transaction unlocks new value from its extensive land portfolio. This enables the accelerated development of the master plan and the redeployment of capital into high-impact infrastructure, logistics, and trade facilitation projects, the statement said.

This project will enhance Abu Dhabi’s real estate landscape, introducing a premier community that combines residential, commercial, and leisure facilities. It will feature one of the region’s largest shopping malls, along with a business complex, hotels, world class golf courses, and educational institutions including universities and schools. The development reflects the increasing demand for high-quality developments in the capital and underscores the confidence of international developers in the emirate’s long-term economic vision.

This partnership will set a new standard for community development in the UAE capital. The project will establish a residential and lifestyle hub to one of Abu Dhabi’s key locations, creating a more balanced and dynamic environment, transforming Al Mamoura into a destination where business and community life can thrive together.

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Source: MEConstructionNews