Saudi Minister of Municipalities and Housing Majed Al-Hogail will begin a tour of China and South Korea to boost cooperation in real estate, urban technology, and smart cities. The trip will include signing agreements for 100,000 new homes by 2030 and furthering partnerships with leading Asian firms, in support of Saudi Vision 2030’s urban development goals.
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.
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.
TECOM Group PJSC has announced that 55% of the gross leasable area across its commercial portfolio in Dubai has achieved LEED certification, highlighting the Group’s ongoing commitment to sustainable development under its Environmental, Social, and Governance (ESG) framework. The achievement follows the receipt of 12 new certifications from the US Green Building Council during the first half of 2025.
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