TARAF, the real estate arm of Yas Holding, has signed a Memorandum of Understanding with sovereign investor Mubadala to explore developing a major mixed-use waterfront destination on Abu Dhabi's Al Reem Island. The proposed project covers 10 plots spanning 655,000 square feet of land and roughly 5.4 million square feet of gross floor area, integrating residential, commercial, retail and dining spaces.
Abu Dhabi developer Aldar and Sharjah-based Arada have entered into a landmark strategic partnership worth approximately AED 15 billion. Marking Arada's entry into the Abu Dhabi property market, the agreement involves co-developing a 1.5 million square metre mixed-use masterplan at Seih Sdeirah and acquiring three residential plots on Yas Island to deliver premium lifestyle communities.
A new joint venture between Innovo Build and REDCON Construction has secured a contract exceeding 12 billion Egyptian pounds for Modon Developments' flagship project in Egypt. The alliance will deliver infrastructure and contracting works for the "DP03 East" package at "Wadi Yam" in Ras El Hekma. Spanning 323,000 square metres, the 21-month project includes over 660 residential units, a commercial mall, scenic lakes, landscaping, and road paving.
Hunt Sports Development has partnered with Peak Curated Development and VENU to build a mixed-use district on the east side of Frisco's Toyota Stadium. Set for a 2027 groundbreaking, the project features a 290-room hotel, a flexible convention centre, and dining outlets. The scheme complements a planned west-side office expansion and supports ongoing stadium renovations, cementing the venue as a year-round entertainment hub.
Saudi developer ROSHN Group and Talaat Moustafa Group Saudi have signed a preliminary agreement to set up a joint venture for a major mixed-use development in Riyadh. TMG Saudi will hold a 51% stake and ROSHN Group will hold 49%. Initial studies indicate the project could deliver over 55,000 residential units alongside commercial, healthcare, educational, and leisure amenities.
Aldar has announced that Saadiyat Grove, a major luxury retail and fine dining destination in Abu Dhabi’s Saadiyat Cultural District, will open in the fourth quarter of 2026. Bringing together over 100 global brands and 20 regional debuts, the mixed-use scheme includes luxury residences, hotels, executive office space, a wellness clinic and a 2,000 square metre BXR gym.
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