Abu Dhabi has announced a 1.7 billion US dollar investment to build the world's second Sphere entertainment venue on Yas Island. Expected to open by the end of 2029, the high-tech 20,000-capacity structure will host concerts, live sports and immersive cultural exhibitions. The project forms part of a wider strategy to diversify the economy and establish the emirate as a premier global tourism destination.
Houston real estate investment firm Griffin Partners has expanded its senior leadership team to manage its growing national portfolio. Kelly Agent has been promoted to Chief Operating Officer, and long-serving principal Lee Moreland has been appointed as Chief Portfolio Officer. The executive changes aim to scale operations across the company's 6.7 million square feet of commercial property.
Dubai South and Majid Al Futtaim have partnered to launch a massive AED 62 billion mixed-use community spanning 22 million square feet. Located near Al Maktoum International Airport, the project features residential areas, retail zones and a large shopping mall. The development aims to support the long-term economic expansion of Dubai by creating a future-ready urban hub.
The Real Estate Institute of Queensland has formed a landmark partnership with global venture fund Second Century Ventures to boost property technology. The organizations signed a Memorandum of Understanding to fund and support technology startups across Australia. The initiative combines global investment with local market intelligence to address complex housing challenges, positioning Queensland as a prime regional hub for digital real estate innovation.
Dubai’s Mohammed Bin Rashid Aerospace Hub has launched a new 24,900 square metre Light Industrial and Maintenance Complex. The development includes 33 flexible units built to support aviation and aerologistics companies. Scheduled for completion by Q3 2027, the project aims to meet rising market demand and help international businesses grow inside the Dubai South free-zone ecosystem.
Saudi Arabia has launched a major public-private partnership project to upgrade 50 public parks across three regions. The Ministry of Municipalities and Housing and the National Center for Privatization & PPP are inviting local and international investors to manage the 15-year project. The scheme will improve urban infrastructure, add commercial facilities and boost community engagement across Jeddah, Madinah and the Eastern Province.
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