Toll Brothers has announced a major leadership transition as part of its long-term succession strategy. Douglas C. Yearley Jr. will step down as Chief Executive Officer to become Executive Chairman on 30 March 2026. He will be succeeded by Karl K. Mistry, an Executive Vice President who has been with the company for over two decades.
Al-Futtaim Real Estate has launched Al Badia Villas, a new residential leasing project in Dubai Festival City. The development consists of 107 smart homes ranging from three to five bedrooms. These properties are situated within three hectares of parkland and are designed to combine modern technology with sustainable living. Residents will benefit from solar power systems and integrated smart home features compatible with major platforms.
Greykite has expanded its European presence by launching Baunest, a dedicated German residential investment platform. In partnership with Arax Properties, the firm acquired a seed portfolio of 1,600 units for its inaugural real estate fund. The assets are located in major cities including Frankfurt and Dortmund, where housing demand remains high. Baunest plans to invest €500 million over the coming year and a half, focusing on modernising older buildings to improve energy efficiency.
Golden Land Development has announced its first residential venture, Naseem compound, located in the Green Revolution area of Sheikh Zayed. The EGP 5 billion project features a low-density design with only 27% building coverage across 8.5 feddans. Offering units from one to four bedrooms, the development is positioned near the Grand Egyptian Museum and Sphinx International Airport. With payment plans extending up to ten years, the project marks a significant expansion for the developer into Egypt’s luxury residential market.
Modon Holding has announced a significant entry into the US residential market by forming a joint venture to build Harborside 4 in Jersey City. The Abu Dhabi-based firm will take a majority stake in the 54-story luxury tower alongside US giants Related Companies and Panepinto Properties. This waterfront development is set to provide 800 new homes, split between rental units and luxury condominiums, by early 2029.
Modon has awarded an AED 5 billion construction contract for the Nawayef East and Nawayef West developments on Hudayriyat Island, marking Abu Dhabi's biggest residential deal of 2025. The project will see 735 luxury villas built on record-breaking man-made hills, some rising up to 55 metres high. This landmark agreement follows earlier infrastructure works as the island continues its transformation into a premier residential hub.
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