Abanos has secured a contract to deliver the fit-out and joinery works for Palace Residences Creek Blue, a residential development by Emaar located within Dubai Creek Harbour.

With a total built-up area of 98,243sqm, Palace Residences Creek Blue is a waterfront property, set within a modern, stylish and pedestrian-friendly neighbourhood, that aligns with Dubai’s sustainable urban character, said a statement from Abanos.

The development will feature a collection of 2- and 3-bedroom apartments, thoughtfully crafted to blend contemporary aesthetics with expansive outdoor spaces, creating a seamless indoor-outdoor living experience, it stated.

The project is being developed by Emaar/Dubai Creek Harbour Development and designed by Mirage/SSH. Contracting works are being delivered by Engineering Contracting Company.

Abanos said the project scope includes the fabrication and installation of wooden doors, wardrobes, kitchen cabinets, vanity units and other miscellaneous joinery items.

“Each of the residences is being designed as a refined retreat, showcasing quality finishes, contemporary kitchens, luxurious bathrooms, and spacious living areas complemented by expansive windows that invite abundant natural light and frame stunning views,” said a spokesman.

“Private balconies extend the living space outward, enhancing the connection between elegant interiors and the surrounding waterfront landscape,” he added.

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Developer Aldar has allocated US $27.23mn to the ‘Mother of the Nation Endowment for Orphans’ initiative, a collaborative effort between the Endowments and Minors’ Funds Authority – Awqaf Abu Dhabi.

This initiative aims to provide sustainable and long-term support to enhance the well-being and future prospects of orphans throughout the UAE. It also builds upon the UAE’s longstanding humanitarian approach, which has established the country as a force for charity and solidarity, guided by the wise directives of its leadership.

The announcement coincides with the UAE’s Year of Family, a celebration of the significance of strengthening family cohesion and reinforcing the values that form the foundation of resilient societies. Aligned with the values of the Year of Family, this initiative reaffirms Awqaf Abu Dhabi’s commitment to aligning its initiatives with national priorities, serving the best interests of society.

Through a well-structured institutional framework, contributions to the endowment are transformed into investment assets, ensuring that the returns are allocated to support orphans’ education, healthcare, and basic living needs. This approach guarantees the long-term sustainability of the support provided. Aldar’s contribution exemplifies the company’s dedication to creating positive and enduring impacts in the communities it serves, said a statement.

Mohamed Khalifa Al Mubarak, Chairman of Aldar said, “In line with UAE’s Year of Family, The ‘Mother of the National Endowment for Orphans’ reflects the principles that guide Abu Dhabi’s continued development and the UAE’s enduring values of compassion, responsibility, and commitment to social cohesion. As part of this national journey, Aldar carries a responsibility to strengthen our society. The endowment reflects the importance of collective action in shaping a future defined by shared progress.”

Talal Al Dhiyebi, Group Chief Executive Officer of Aldar added, “At Aldar, we believe that sustainable progress must be reflected in the way we support our communities. The ‘Mother of the Nation Endowment for Orphans’ reflects the UAE’s deeply rooted values of solidarity and social responsibility. Through this partnership, we are supporting the long-term approach to providing essential care and opportunity for young people, aligned with national priorities and our shared ambition to foster an inclusive and resilient society.”

The announcement coincides with Zayed Humanitarian Day, which honours the generosity and humanitarianism established by the UAEs Founding Father. The contribution was announced at the Zayed National Museum.

This initiative embodies the values and principles championed by Sheikha Fatima bint Mubarak, Mother of the Nation, Chairwoman of the General Women’s Union, President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation, the statement concluded.

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Developer Arada has awarded two contracts for the next phase of Sharjah’s Aljada megaproject, which aims to build 2,210 homes. These contracts, valued at US $555mn, cover the main construction activities across 14 residential blocks.

China Tiesiju Civil Engineering Group, a subsidiary of China Railway Group, will construct the 5 Nesba buildings on East Boulevard and the 5 Safa buildings on West Boulevard. Both contracts are expected to be completed within 26 months, with all blocks scheduled for delivery in the second quarter of 2028, ahead of the completion of one of the community’s key attractions, Madar Mall.

The contract for The Gate blocks 3-6, located at the southern entrances of the community, has been awarded to Kuwait-headquartered Mohammed Abdulmohsin Al Kharafi and Sons, said to be one of the most experienced contractors in the region. The company has also collaborated with Arada on other projects in Aljada, Masaar, and Nasma Residences.

Each construction contract involves the delivery of modern apartment blocks, featuring units ranging from 1 bedroom residences to 4 bedroom family spaces. Smart home technologies will be integrated into all buildings as standard features.

Ahmed Alkhoshaibi, Group CEO of Arada said, “These large-scale contracts reflect our confidence in the local market and our determination to continue to aggressively deliver on our projects across the UAE. They mark a major milestone in the ongoing development of Aljada, and reflect the extraordinary buyer interest we continue to see in this community. These new buildings will be delivered alongside major upcoming components of Aljada, including Madar Mall and the Arada Central Business District, reinforcing our commitment to creating a transformational, lifestyle-led destination.”

The Nesba and Safa communities are characterised by contemporary, light-filled architecture and are situated adjacent to Aljada’s iconic sports park, currently under construction and slated to open by the end of 2026. This 400,000sqft landscaped complex will boast a full-size football pitch, five-a-side fields, and courts for padel, basketball, volleyball, squash, and badminton. Additionally, there will be cycling and jogging tracks and adventure play areas for children.

The Gate 3-4 is a 2-building complex located at the main entrance of East Boulevard, directly opposite SABIS International School – Aljada. The Gate 5-6, another 2 building cluster, is positioned at the West Boulevard entrance, near the northwest corner of the community and directly opposite Raffles World Academy Aljada, which is currently under construction and expected to open for the 2026-2027 academic year.

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Azizi Developments has signed a non-binding Memorandum of Understanding (MoU) with Hyprlift, a US-based innovator in advanced vertical transportation systems. The purpose of this agreement is to explore the potential application of ropeless elevator systems in selected Dubai developments.

The 2 parties will collaborate on technical studies, integration planning, and feasibility assessments. These assessments will evaluate the end-to-end requirements of the project, covering various aspects such as design, installation, testing, commissioning, operations, and ongoing maintenance.

Hyprlift, headquartered in California, specialises in the development of self-propelled, modular, ropeless elevator systems. These systems offer an alternative approach to vertical transportation, providing greater architectural flexibility, multi-directional movement, increased transport capacity, and more efficient utilisation of building cores.

Group CEO, Farhad Azizi said, “Innovation is central to our approach. Through this collaboration with Hyprlift, we are exploring elevator systems that could improve performance and comfort, while unlocking new possibilities in building design. This framework supports our focus on infrastructure-led development and long-term value.”

Hyprlift Founder and CEO James Hutchinson added, “The MoU reflects a shared ambition to rethink vertical mobility and place advanced technology at the heart of modern buildings. Azizi Developments’ interest in our self-propelled, ropeless elevator systems signals a growing recognition that the future of intelligent buildings depends on reimagining how people move within them.”

Azizi said it currently has around 150,000 units under construction, valued at tens of billions of dollars.

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Dubai’s RTA has inaugurated 2 bridges as part of the Oud Maitha and Al Asayel Streets Development Project, which forms part of Sheikh Rashid Corridor Development Project. The project contributes to linking Al Asayel Street with Al Khail Road via Al Wasl Club Street.

The first bridge serves traffic from Al Asayel Street towards Al Wasl Club Street, while the second bridge carries traffic from Al Asayel Street to Al Khail Road towards Business Bay Crossing, the RTA said.

The RTA announced that 72% of the overall project has been completed, and 70% of the tunnel construction works have also been completed. The tunnel will serve traffic from Dubai–Al Ain Road towards the Oud Maitha service road. Works are currently underway to complete additional road expansions and bridge structures, which are expected to open in the third quarter of this year.

Mattar Al Tayer, Director-General, Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), said that the development project is being implemented under the directives of the leadership to complement the Sheikh Rashid Corridor Development and accommodate the emirate’s ongoing urban expansion and population growth.

The project is among the key road infrastructure developments, encompassing the upgrade of 4 major intersections, including the construction of bridges and 2 tunnels extending 4.3km, in addition to roads extending 14km.

“The project serves several key service facilities, residential communities, and development zones, most notably Za’abeel, Al Jaddaf, Oud Maitha, and Umm Hurair, in addition to major destinations such as Latifa Hospital and Al Wasl Club. The population of the areas served by the project is projected to exceed 420,000 residents by 2030,” Al Tayer added.

The project will increase the traffic-carrying capacity of Oud Maitha Street from 10,400 vehicles per hour in both directions to 15,600 vehicles per hour, representing an increase of 50%. It will also reduce average journey time from 20 minutes to 5 minutes, reflecting an improvement of 75%.

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The Abu Dhabi National Oil Company (ADNOC) has announced that operations remain uninterrupted despite current regional developments. The company said it has activated its protocols and is collaborating closely with the relevant authorities to safeguard its people, assets, and operations.

Business units are conducting a product-by-product and transaction-by-transaction assessment of the situation, taking into account the ongoing disruption impacting shipping through the Strait of Hormuz. ADNOC continues to utilise export capacity that bypasses the strait and its international storage facilities, thereby ensuring the continuity of supply to global markets, the energy company said.

ADNOC’s sales and trading teams are proactively reaching out to customers whose shipment schedules may be affected, the firm said it values its commercial partnerships and will continue to provide the latest information directly to them.

The company said it is carefully managing offshore production levels to meet storage requirements, while ensuring the safety of its people, assets, and facilities. This approach maintains operational flexibility and allows the company to resume normal operations without significant delays.

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Dubai Residential REIT has secured approval from its shareholders at the Annual General Meeting to distribute US $150mn in cash dividends for the second half of 2025. This decision reflects the strength of REIT’s portfolio and its confidence in Dubai’s residential leasing market.

Managed by DHAM REIT Management, the REIT sets the benchmark for the city’s residential real estate market. Last year, the Dubai Residential REIT delivered solid results, reporting revenue of US $531mn, up 9% year-on-year, supported by portfolio occupancy of 98.3% and tenant retention of 88%, the company said.

Nabil Mohammad Ramadhan, Chairman of the Board of Directors for Dubai Residential REIT said, “The approval of the cash dividend for the second half of 2025 is an important outcome for unit holders and reflects strength in the REIT’s portfolio, operating model and confidence in Dubai’s residential leasing market. With total cash dividends of $300mn for 2025, we have delivered in line with the distribution guidance provided at the time of listing.”

“Looking ahead, we remain committed to strong governance, prudent leverage, and balanced capital allocation, while continuing to progress our committed growth pipeline and maintain our distribution policy of paying out at least 80% of our net profit. Dubai’s real estate and residential leasing markets remain supported by diversified demand and a well-established regulatory framework, reinforcing confidence in their resilience,” he added.

“Against this backdrop, REIT’s long-term fundamentals remain stable, underpinned by a diversified portfolio, high occupancy, recurring rental income and disciplined balance sheet management. Net Profit before changes in the fair value of investment property increased by 14.5% to $307mn, reinforcing the strength of the underlying earnings and cash generation supporting the dividend,” he concluded.

REIT’s portfolio comprises 21 integrated communities, each with over 35,700 homes, serving more than 140,000 residents. These communities span 4 key segments: Premium, Community, Affordable, and Corporate Housing. The cash dividends being distributed are equivalent to 4.2 fils per unit, resulting in a total payout of $299mn for the year ended 31 December 2025, the statement noted.

The dividend amount is equivalent to 8.5 fils per unit, which translates to a gross dividend yield of 7.7% on the IPO price. Additionally, it accounts for 86% of the net profit before changes in the fair value of investment property, according to the statement.

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Developer TownX has collaborated with Regeny, an electric vehicle (EV) charging solution provider, to establish 29 EV charging spots at Luma Park Views, located in Dubai’s Jumeirah Village Circle.

This partnership marks a significant milestone for Luma Park Views, as it will now boast the highest number of EV charging slots in a single tower in the city. This expansion aligns with TownX’s commitment to sustainability and the advancement of the future of transportation. It represents a substantial step towards fostering a greener and more sustainable urban environment, said a statement.

Haider Abduljabbar, Executive Director at TownX stated, “Today’s announcement is a monumental step for both TownX and the city of Dubai. With the highest number of EV charging spots at Luma Park Views, we’re taking bold strides in supporting the future of clean transportation. This move underscores our dedication to sustainability and the reduction of our carbon footprint, aligning with the UAE’s vision for a green and innovative future.”

Anish Racherla, CEO, Regeny commented, “We are thrilled to collaborate with TownX to install and operate EV charging spots at Luma Park Views. This partnership not only supports the growing demand for EVs in Dubai but also aligns with our mission to provide reliable and eco-friendly charging solutions. Together, we are paving the way for a cleaner, more sustainable Dubai.”

In addition to this partnership, TownX has appointed Green Parking, the industry’s provider of retail parking management, to oversee the parking operations for the over 20,000sqft of retail space within the development. This collaboration ensures efficient and innovative management of parking facilities, thereby enhancing the overall retail experience for visitors.

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Developer Arada has expanded its emergency accommodation support in response to flight cancellations caused by regional unrest that stranded travellers in the UAE. The developer said it has opened 150 free rooms at Aljada in Sharjah.

This initiative follows the initial allocation of 100 rooms at Nest Hotel, which was fully booked. Consequently, Arada released an additional 50 rooms. The 395-room Nest Hotel at Aljada is currently operating at 95% occupancy, accommodating affected travelers. Rooms at The Nest Campus are available on a first-come, first-served basis for stays of up to 7-days.

Rosa Piro, Director of Arada Foundation said, “Supporting communities in times of need both at home and abroad is at the heart of the Arada Foundation’s mission. When we saw how many travellers were affected by flight cancellations, we wanted to ensure that families had a safe and welcoming place to stay while they make their onward plans. By opening additional rooms at Nest, we hope to extend that support to as many people as possible during this challenging time.”

All guests receive full-board accommodation, including 3-meals daily. During Ramadan, Muslim guests are provided with iftar and suhoor at the Alsimrah Ramadan tent at East Boulevard in Aljada, offering a welcoming communal setting for affected travellers observing the holy month.

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DIFC Square has opened ahead of schedule, the Dubai International Financial Centre (DIFC) has announced. DIFC said the offering responds to “unprecedented demand for office space within the centre, underpinned by 100% pre-leasing levels prior to handover.”

The project reflects DIFC’s position as the region’s leading financial centre, which continues to attract new companies at an unprecedented rate, while also providing expansion opportunities for existing clients, said a statement from DIFC.

To support expansion plans, some existing registered companies are either relocating to larger premises at DIFC Square or expanding their footprint by securing additional space there. These companies include Bank of Singapore, Deutsche Bank, Gallagher Insurance, Herbert Smith Freehills Kramer, Moody’s and TP ICAP, it explained.

DFIC said the move demonstrates the significance of DIFC and Dubai as a prominent financial centre that enables scale and expansion. It said that tenants who have received offices have already commenced fit-out works.

DIFC continues to help clients identify the most suitable space across the district, and the movement of existing tenants into DIFC Square will provide 100,000sqft of capacity in DIFC’s sought-after Gate District and Gate Village, it added.

Saleh Al Akrabi, Chief Real Estate Officer at DIFC Investments said: “We are pleased to announce the completion of DIFC Square ahead of schedule, underpinning our commitment to providing world-class infrastructure that enables businesses to scale and thrive. The exceptional demand from new international firms and the sustained expansions of our registered companies is a strong endorsement of the resilience and attractiveness of our ecosystem. Financial centres of the future focus on innovation, being sustainable, digitally inclusive and customer centric. At DIFC, we are ensuring that all our real estate projects align with this vision, while playing a critical role in ensuring the quality of life that attracts and retains global talent in Dubai as a top four global financial centre.”

Developed by DIFC Developments within a 24-month design and construction timeframe, DIFC Square provides 600,000sqft of office space built to meet the evolving needs of global businesses. The development forms an ensemble of three interconnected glass façade buildings with dedicated parking facilities and retail spaces. Some renowned outlets set to establish within the development include Duck & Rice, Saddle, Hudson & Rye, Liban, and Cakes & Bubbles, said the statement.

DIFC Square is said to be part of the centre’s ambitious plans to deliver 1.6m sqft of commercial space in 2026 and 2027, including DIFC Living, Innovation Two and Immersive Tower, demonstrating its proactive response to sustained demand for premium office space and its commitment to supporting the next phase of growth across financial services, innovation and professional services sectors.

Reflecting DIFC’s ongoing efforts to foster a smarter and more sustainable future, and in line with other DIFC infrastructure, DIFC Square has been built to LEED standards, with certification by the US Green Building Council due imminently, the statement confirmed.

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