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.
Devonport City Council has unveiled the Formby Road Urban Renewal Study, identifying two major CBD sites for private development. Part of the LIVING CITY project, the plan proposes high-end apartments and commercial offices to replace existing car parks. By creating a new urban plaza and improving pedestrian links to the Mersey River, the council aims to boost footfall for local retailers and meet growing demand for inner-city living.
MAIR Group has agreed a multi-million-dirham deal to acquire the KEZAD Logistics Park - KLP Free Zone 3 in Abu Dhabi. The AED 295 million transaction, completed through subsidiary Makani Real Estate, includes 50 years of land lease rights under a Musataha arrangement. Spanning nearly 130,000 square metres of land, the facility provides high-spec warehouse space with direct access to Khalifa Port.
Saudi Arabia's General Real Estate Authority has launched the long-awaited Real Estate Ownership System for Non-Saudi Nationals, effective from 22 January 2026. This new regulatory framework allows residents, non-residents, and international companies to own property across the Kingdom via the "Saudi Properties" digital portal. While major cities like Riyadh and Jeddah are included, specific restrictions remain for Makkah and Madinah to protect their unique status.
Al Saedan Real Estate has entered a major strategic partnership with Serpentine Lake Capital and SGI Real Estate to launch SL Property, an investment platform valued at SAR 1.5 billion. The initiative aims to develop a range of projects across Saudi Arabia, including residential communities, commercial hubs and digital infrastructure. By combining local development heritage with international asset management, the partners seek to deliver high-quality assets that support the Kingdom's economic diversification goals under Vision 2030.
PropTech firm Visitt has secured $22 million in Series B funding to accelerate its AI-driven property operations platform. Led by Susquehanna Growth Equity, the investment follows a massive period of growth in which the company saw its managed square footage increase by over 900 per cent in 2025. The new capital will be used to develop further AI agents and scale its customer support teams to meet rising demand across the industrial, office and retail sectors.
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