Bungalow Projects and Bain Capital Real Estate have secured $304 million in construction financing for Echelon Studios, two next-generation film and television production campuses in Brooklyn. The developments will deliver 600,000 sq ft of soundstages, office, and support space, backed by New York’s largest-ever C-PACE financing package.
First Abu Dhabi Bank (FAB) has partnered with the Abu Dhabi Real Estate Centre (ADREC) to deliver a fully digital mortgage service that simplifies home loans and supports the UAE’s sustainability goals. The partnership will allow customers to access verified property data and mortgage validation in real time, significantly improving the speed and convenience of the homeownership process.
Boston-based proptech firm Realmo has unveiled an AI-powered property search assistant that allows users to find and analyze commercial spaces by describing their needs in natural language. The platform processes these inputs to instantly deliver curated property options matched to key criteria such as price, size, and location, reflecting a growing trend toward AI-driven decision-making in real estate.
Dubai Electricity and Water Authority (DEWA) and the Consulate General of Canada in Dubai have discussed strengthening collaboration in clean energy and digital transformation. The meeting highlighted mutual opportunities in renewable energy, sustainability, and advanced technology, reinforcing the deepening UAE–Canada partnership in innovation and climate action.
The Red Sea EDITION has officially opened as the first hotel on Shura Island, marking a defining moment in Saudi Arabia’s luxury tourism evolution. Developed in collaboration with Red Sea Global, this 240-room beachfront resort embodies a new era of sustainable hospitality and refined simplicity, powered entirely by renewable energy and designed in harmony with the surrounding natural beauty of The Red Sea.
Global lifestyle hospitality group Ennismore has announced plans to open SO/ Ras Al Khaimah, the region’s first lifestyle all-inclusive resort, in November 2025. Located on Al Marjan Island, the property will mark SO/’s debut outside Europe and Ennismore’s first venture in Ras Al Khaimah. The resort aims to redefine luxury all-inclusive travel in the UAE with bold design, world-class dining, and immersive guest experiences.
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