Egypt has secured partnerships with US, UK and French firms for the $1 billion Mont Galala project in Ain Sokhna. The development features 10 towers and a 150-berth marina. Construction begins in late 2026 with a seven-year completion timeline. The project aims to establish the Red Sea coast as a global hub for yacht tourism and international conferences through sustainable, mixed-use infrastructure and world-class hospitality.
Dubai-based AI lab Smart Bricks has secured $5 million in pre-seed funding led by Andreessen Horowitz. The startup is developing agentic AI infrastructure to automate the global real estate investment process. By processing millions of data points, the platform identifies high-value opportunities and handles underwriting in minutes rather than months. The company aims to provide retail and institutional investors with the same sophisticated tools used by major private equity firms.
Arcadis has been appointed as the Quantity Surveying consultant for two major infrastructure projects in Macau. The first involves the redevelopment of the former Yat Yuen Dog Racing Track into the Civic Sports Park, a 40,425 square metre hub. The second is the Macao Artificial Island Wastewater Treatment Plant for improved sewage management. These government-commissioned initiatives aim to advance sustainable urban development and enhance quality of life for residents.
JLL has named Mouhammad Takieddin as the new Regional Head and CEO for the Middle East and Africa. Based in Riyadh, Takieddin brings 25 years of experience from Procter & Gamble to lead JLL’s expansion into high-growth sectors including data centres and AI-driven facilities management. This strategic move strengthens the firm's leadership alongside existing regional heads while deepening its established ties with Saudi Arabia's Public Investment Fund.
Real estate giant REMAX has announced a major expansion of its global network with the sale of master franchise rights in Libya and a new office opening in Azerbaijan. The Tripoli-based Libyan operation is led by experienced owners Zyead and Alhareth Ghattour. In Baku, entrepreneur İdris Cengiz has launched a 2,000 square foot facility to serve a growing market. These moves increase the brand's presence to more than 120 countries and territories.
Danube Properties has unveiled Serenz by Danube, a 50-storey residential landmark in Jumeirah Village Circle. Featuring over 40 amenities across 120,000 square feet, the project offers fully furnished units starting at AED 850,000. Strategically located for quick road access, the development utilizes a 1 per cent monthly payment plan. The launch event included group leadership and brand ambassador Brett Lee, highlighting a significant expansion in Dubai's premium property market.
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