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.
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.
Modon Holding has partnered with Montage Hotels & Resorts to launch a luxury resort and residential development on Egypt's Mediterranean coast. The project will feature 200 rooms alongside 96 exclusive branded villas for purchase within the Wadi Yemm precinct. Serving as part of the USD 35 billion Ras El Hekma mega project, the development introduces high-end international hospitality to the region.
Marjan Group has appointed new senior executives to lead its development, hospitality, and lifestyle sectors in Ras Al Khaimah. Key hires include Sheikh Saqr bin Omar Al Qasimi, Alison Grinnell, and Donald Bremner as CEOs of their respective divisions. The restructure supports the Emirate’s accelerated growth and global investment strategy.
Property developer Arada has introduced Jenna, an upscale residential development within the Aljada megaproject in Sharjah. The six-building complex features 631 premium apartments ranging from one to three bedrooms. Residents will have access to smart home technology and high-end amenities. This launch follows a significant 40.7% rise in Sharjah’s real estate trading value during the first quarter of 2026, reflecting strong market demand.
Related Digital and Blackstone have secured financing for a $16 billion data centre project in Saline Township, Michigan. The campus is designed for Oracle and OpenAI to boost AI computing capacity. The development promises thousands of jobs and millions in tax revenue. It features sustainable technology such as a closed loop cooling system and incorporates a large battery storage investment to assist the local energy grid.
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