Arada has entered the UK market with the acquisition of a 75% stake in London-based Regal. Rebranded as Arada London, the deal includes AED2.5 billion in investment to accelerate delivery of 10,000 residential units, with plans to triple the pipeline over three years.
Prime Minister Mark Carney has launched Build Canada Homes, a new federal agency tasked with rapidly increasing affordable housing across the country. Backed by a $13 billion investment, the initiative will deploy public lands, modern construction technologies, and private-sector partnerships to double housing output, reduce homelessness, and restore affordability.
Mukesh Ambani has purchased a vacant building in New York’s Tribeca district for $17.4 million. Formerly owned by tech billionaire Robert Pera, the site has been tied to multiple unbuilt mansion plans.
Al Huzaifa Properties has launched its debut AED450 million Soléva Beach Residences on Ras Al Khaimah’s Al Marjan Island, blending the brand’s five-decade design legacy with a luxury real estate offering.
A consortium of Evia, Gamuda and Ho Lee has topped the tender for Yishun’s Chencharu Close site with a $1.01 billion bid, paving the way for a landmark mixed-use development.
PENLER has surpassed USD 1 billion in portfolio value, expanding its footprint across the Sunbelt with new acquisitions, developments, and leadership appointments.
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