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.
Global lifestyle hospitality group Ennismore has announced plans to open SO/ Ras Al Khaimah, the region’s first lifestyle all-inclusive resort, in November 2025. Located on Al Marjan Island, the property will mark SO/’s debut outside Europe and Ennismore’s first venture in Ras Al Khaimah. The resort aims to redefine luxury all-inclusive travel in the UAE with bold design, world-class dining, and immersive guest experiences.
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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