Marjan and RAK Hospitality Holding have announced a landmark merger to create one of the UAE’s largest integrated real estate and hospitality developers. The combined entity will operate under the Marjan brand, leading key projects including Al Marjan Island, RAK Central, Marjan Beach, and a new Jebel Jais masterplan, driving Ras Al Khaimah’s Vision 2030 for sustainable tourism and investment.
LuLu International Holdings and Mulk International have joined forces to develop Mirkaaz Mall by LuLu, a mixed-use Freezone retail hub in Ajman. The 2.5 million-square-foot project, part of the T10 Mirkaaz City development, aims to establish a new benchmark for shopping and community living in the Northern Emirates.
Sobha Realty has unveiled Sobha AquaCrest, the second residential cluster in its USD 20 billion Downtown UAQ | Sobha Realty masterplan. Spanning 25 million square feet, the development will feature five towers offering one- to three-bedroom residences with sustainable features and will accommodate over 150,000 residents upon completion.
Ellington Properties has taken a major step forward in developing Mercer House in Uptown Dubai, signing a AED 1 billion+ construction contract with China Railway 18th Bureau Group. The partnership marks a significant moment for one of Dubai’s leading design-led projects, which is already recognised internationally for its architectural and lifestyle excellence.
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.
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