Penta Real Estate has formally entered the UK property market by acquiring two residential development sites in London's Canary Wharf and Nine Elms. The projects, which represent an investment of over GBP 700 million, will collectively deliver more than 680 new apartments. The developments, which began construction this year and are set for completion in 2029, are being undertaken through an equal-share joint venture with the established London developer Ballymore.
Modon has successfully sold out Bashayer, its first waterfront residential community on Hudayriyat Island, generating AED 3 billion in sales within one day of its launch. The development consists of 157 villas and 330 premium apartments located in low-rise terraced buildings. The exceptional demand reinforces Hudayriyat Island's position as a highly desirable residential destination for both local and international investors.
The Supervisory Board of Vonovia SE has unanimously decided on two key Executive Board changes, appointing Katja Wünschel as the new Chief Development Officer (CDO) from June 1, 2026. Ms. Wünschel, a seasoned leader from the renewable energy sector, is expected to bring extensive experience in project management and large investment projects to Vonovia’s new housing and modular construction business.
Modon has unveiled Bashayer, the first ultra-exclusive waterfront community on Hudayriyat Island in Abu Dhabi, offering views of Al Bateen Beach and the city skyline. The community is linked by a 3.5-kilometre waterfront promenade and a linear park, marking the next stage in Hudayriyat Island’s growth as a major integrated lifestyle destination.
RAK Properties has concluded its 20th anniversary year with the unveiling of Nura, a luxury resort-style residential project on Raha Island's Downtown Mina. The development features 312 units across two modern towers, offering a range of studios to four-bed penthouses with strong investment and rental appeal. Nura is centrally positioned, blending contemporary architecture inspired by the constant interaction of land and sea with a wide array of premium amenities.
Riyad Capital and Mountain View KSA have collaborated to launch a new residential development fund with a value of SAR 1.7 billion, equivalent to $453 million. The fund's purpose is to finance the "ONE Mountain View" project, a semi-gated community in Riyadh's Al Rimal District. The development will cover over 152,000 square meters and deliver more than 500 residential units, targeting the demand for family-oriented housing. The community is planned to include large green spaces and a dedicated community hub, The Lighthouse.
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