Acube Abodes Realty announces the successful groundbreaking ceremony of Altair 52, its latest premium residential development, which is taking shape in Dubai South. The milestone marks the official commencement of construction for the project, reinforcing the developer’s commitment to delivering high-quality, thoughtfully designed living spaces.

Altair 52 becomes one of the first residential projects to have commenced construction in the new year, marking a new beginning for Dubai’s high-growth real estate sector that has seen an unprecedented 215,700 property sales transaction last year worth $187bn, according to data sourced from Dubai Land Department.

Property developers completed 42,784 residential units last year, up 45% from 2024. Meanwhile, 177,624 new units were launched, a 6.1% increase, ensuring a healthy pipeline into 2026. Apartments accounted for the bulk of activity, with 170,448 sales worth $90.6bn, an increase of nearly 20%. Villa sales rose 11.1% to 34,671 units, totalling $56bn.

Dubai’s property market is forecast to see a significant influx of approximately 120,000 new home delivery in 2026, a major increase from 2024/2025, signaling a shift towards a more mature market with greater buyer choice and potential price stabilisation, though luxury segments remain strong. This large supply wave, driven by earlier launches, will test absorption, but historical delays mean actual deliveries might be lower than projections, softening immediate oversupply fears, with buyers becoming more discerning, the firm said in its statement.

Setting the tone for the construction activities for 2026, Altair 52 is envisioned as a contemporary residential development that blends modern architecture, efficient layouts, and lifestyle-oriented amenities. It is strategically located in Dubai South. The project benefits from seamless connectivity to major highways and proximity to Al Maktoum International Airport, as well as its easy access to key commercial and logistics hubs such as the Jebel Ali Free Port and Free Zone that will see increased economic activities, it added.

The groundbreaking ceremony was attended by senior management of Acube Abodes Realty, project consultants, contractors, and key stakeholders, which was said to symbolise a strong foundation built on trust, planning, and execution excellence.

Akshay Agarwal Founder and CEO of Acube Abodes Realty said, “The groundbreaking of Altair 52 represents a significant step forward in our journey as a developer. Dubai South continues to emerge as one of the most promising destinations in Dubai, and Altair 52 reflects our vision to create value-driven homes that combine design, functionality, and long-term investment potential.”

Designed to cater to both end-users and investors, Altair 52 will offer well-planned residential units complemented by modern amenities, landscaped spaces, and community-focused features, aligning with Dubai South’s vision of a sustainable and future-ready urban ecosystem.

Meanwhile, 70% of the residential units at Altair 52 has been sold out by the project’s master broker Golden Bricks, marking a significant achievement in the project’s progress that reflects customer confidence in Acube Abodes Realty. This also reflects Golden Bricks’ strong market presence, customer trust, and effective sales strategies, further establishing the company as a leading force in premium residential property brokerage, the statement noted.

The impressive response from buyers reflects the appeal of Altair 52’s modern design, strategic location, and lifestyle offerings, reinforcing Golden Bricks’ commitment to delivering exceptional real estate solutions.

Construction activities are now underway, with the developer reaffirming its focus on timely delivery, quality standards, and customer satisfaction. Once completed in 2027, Altair 52 will deliver 52 studios, one-, two- and three-bedroom apartments that comes with lots of lifestyle facilities and amenities.

Acube Abodes Realty also announced that it will launch two new projects – Altair 72 and Altair 92 – in Dubai South.

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NMDC Group through its wholly-owned subsidiary NMDC Infra and Consolidated Contractors Company (CCC) have announced the establishment of NMDCCC. The venture will provide full-spectrum engineering, procurement, and construction (EPC) services for the onshore oil and gas sector in the UAE. In doing so, it will play a prominent role in meeting the growth ambitions of the UAE’s energy sector, said a statement.

NMDCCC will operate as a subsidiary of NMDC Infra; the new entity combines CCC’s extensive track record in executing complex energy and chemicals projects with NMDC Group’s capabilities and resources. This partnership creates a powerhouse of expertise, scale, and innovation to serve the UAE’s burgeoning energy infrastructure needs.

Led by an experienced team with several decades of experience and cutting-edge capabilities in delivering complex energy infrastructure solutions, NMDCCC aims to support the UAE’s vision for energy security and sustainable development by leveraging the combined technical expertise, and offering innovative, efficient, and high-quality onshore energy EPC solutions.

H.E. Mohamed Thani Murshed Ghannam Al Rumaithi, Chairman of the Board of Directors of NMDC Group said, “The formation of NMDCCC is another important step in NMDC Group’s growth journey as it adds significant depth to our existing EPC business. It enables us to serve critical energy projects with greater scale, precision, and efficiency to meet the sector’s aspirations. Collectively, NMDC Group’s market-leading diversified businesses have also come to reflect the ambitions of the UAE Vision 2031, and as we look optimistically ahead, we’ll continue to apply our vast capabilities in ways that will drive sustainable growth and economic progress for the UAE and beyond.”

Eng. Yasser Zaghloul, Group CEO of NMDC Group added, “The launch of NMDCCC is a strategic milestone that evolves our service offerings, grows our market share, and unlocks greater potential and value for the entire Group. Furthermore, this step comes in line with NMDC Group’s strategy to enhance our verticals’ activities by adding cutting edge onshore EPC solutions as part of NMDC Infra’s service offering. More broadly, we understand that the energy infrastructure market in the UAE is progressing rapidly, with NMDCCC we are firmly positioned to apply innovation and world-class capabilities to support further sustainable growth across the entire energy ecosystem.”

This agreement marks a milestone towards growing NMDC Infra’s capabilities and offering a full spectrum of complementary services, in line with NMDC Group’s strategy of continuously complementing and enhancing the service offering under its verticals. The new venture will complement NMDC Infra’s offering by increasing its market share, tapping into new markets, and allowing the successful execution of a growing backlog under NMDC Group, while mitigating supply chain risk by securing execution capabilities and reducing turnaround time to better serve clients.

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Developer AMIS GPD Development has entered into a partnership with the high-end watchmaking and jewelry brand Jacob & Co. The collaboration will see the development of a luxurious villa community in the heart of Meydan, Dubai, the developer said.

The signing ceremony, held at the AMIS Sales Centre on Sheikh Zayed Road, was attended by Jacob Arabo, Founder, Chairman, and Creative Director of Jacob & Co., Neeraj Mishra, the Founder and CEO of AMIS GPD Development, and Shah Azim Hameed, a shareholder of AMIS GPD Development.

Arabo commented, “Our collaboration with AMIS GPD Development represents a fusion of two brands that share a passion for excellence. We are creating a truly unique living experience. The community we’ll build together will be a beacon of sophistication and luxury in Dubai.”

Neeraj Mishra, Founder & CEO of AMIS GPD Development added, “This cooperation marks a key milestone for AMIS as we continue to expand our footprint in Dubai’s luxury market. Our joint efforts with Jacob & Co. ensure that this project will be unparalleled in design, craftsmanship and innovation.”

Shah Azim Hameed, shareholder of AMIS GPD Development added, “This collaboration is a clear reflection of our long-term conviction in Dubai’s luxury real estate sector. This project allows us to combine strong development fundamentals with global design excellence. Together, we are laying the foundation for a distinctive residential offering that is both enduring and future-focused.”

This collaboration will craft a high-end residential community in the exclusive Meydan area of Dubai. The community embodies luxury, exclusivity and modern living, the project will integrate the finest materials, design and technology, setting a new standard for Dubai’s luxury villa market, the statement concluded.

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New data released by TownX Real Estate Development has revealed a significant shift in homebuyer preferences. This shift in buyer preferences aligns with Dubai’s continued growth as a destination for a diverse and discerning buyer base seeking elevated living standards, the developer said.

According to the data, 63% of homebuyers in Dubai are now prioritising location, community amenities, and lifestyle value over price when making purchasing decisions. This shift is evident in TownX’s proprietary data, customer insights, sales performance, market trends, and observational analysis conducted over the past six months.

The data shows that buyers are increasingly focused on long-term value. They favor walkable communities, access to retail and F&B, proximity to schools, wellness facilities, and integrated lifestyle experiences. These factors outweigh short-term cost considerations for many buyers, the developer said.

Haider Abduljabbar, Executive Director at TownX said, “This is what we’ve been seeing on the ground. Today’s buyers are seeking a complete lifestyle when purchasing a property, and do not settle for the basic real estate purchase. Communities that offer strong connectivity, modern amenities, and thoughtful design are now commanding significantly more interest than properties judged solely on price. Given the realities on the ground, we’ve aligned our development strategy with these evolving expectations. Our goal is to create human-centric, accessible communities that resonate with modern homeowners offering the right mix of convenience, comfort, and value for years to come.”

The data shows that demand is highest in mixed-use, master-planned communities that combine residential, retail, and leisure spaces. Buyers are clearly willing to invest in developments that improve their quality of life. TownX attributes this shift to Dubai’s evolving real estate market, where end-users and investors prioritise long-term livability and community-focused environments.

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ATARA Development has commenced construction on The Residences at Sheraton Al Marjan Island Resort, which is billed as a significant milestone for the GCC’s first Sheraton Residences.

Under the leadership of ATARA’s in-house construction arm, Rakhat Construction, the beachfront project on Al Marjan Island is progressing steadily. With enabling works underway and 5% of overall progress completed, the project is advancing steadily, the developer said.

Significant on-site progress has been achieved, including the completion of soil improvement works and shoring, as well as excavation. This underscores ATARA Development’s commitment to delivering a development built on precision, quality, and timely execution, it added.

Arch. Abdulla Al Abdouli, Group CEO of Marjan said, “The addition of the Sheraton Residences further strengthens Al Marjan Island’s position as a premier lifestyle destination. This project contributes to our vision of bringing exceptional, world-class developments to the island, enriching its residential offering and international appeal.”

In a distinct approach that sets ATARA apart within the UAE real estate landscape, the company has commenced groundbreaking prior to launching sales, a strategy that underscores its financial strength, construction readiness, and commitment to buyer confidence. This approach ensures project delivery remains on track regardless of sales cycles, offering future buyers visible, tangible assurance of progress, the developer explained.

Umid Bazarov, Chief Operating Officer, ATARA Development added, “Breaking ground before launching sales reflects ATARA’s philosophy of leading with action, not promises. By showcasing tangible construction progress from day 1, we reinforce a sales strategy built on trust and visibility giving future buyers the assurance that their ownership is supported by a developer fully committed to transparency, quality, and timely delivery. With the project scheduled for completion by Q3 2028, buyers can purchase with confidence knowing the timeline is clearly defined and closely adhered to. The Residences at Sheraton Al Marjan Island Resort sets a new benchmark for luxury developments entering the market.”

Jaidev Menezes, RVP, Mixed-use Development, EMEA at Marriott International added, “As construction begins, we are delighted to see the Sheraton brand emerge in a new and iconic environment. This development will reflect Sheraton’s design excellence and community-driven ethos, offering residents a uniquely elevated living experience on Al Marjan Island.”

Featuring 159 beachfront units, the project is co-located with the Sheraton Al Marjan Island Resort and will offer modern architecture, refined interiors, and access to over 50 amenities. As one of only a limited number of Sheraton-branded residences globally, it presents a rare opportunity for waterfront living backed by ATARA’s development standards.

The Residences at Sheraton Al Marjan Island Resort anchors ATARA Development’s expanding portfolio, which includes over 1m sqft of new developments planned across the next two years. The project further solidifies ATARA’s position as a developer of premium properties in the UAE, the statement concluded.

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The RTA has opened Phase I of Hessa Street Development Project, extending from Al Khail Road to Sheikh Zayed Road over a length of 4.5km. The works included the widening of Hessa Street, along with bridges at intersections with Al Asayel Street, First Al Khail Street, and Sheikh Zayed Road, expanding capacity to 4 lanes in each direction.

This opening enhances traffic flow for vehicles travelling from Al Khail Road towards Hessa Street and onwards to Sheikh Zayed Road. Overall project completion has reached 90%, with the remaining works including road works, bridges, intersection improvements, and cycling tracks scheduled for completion in the second quarter of this year.

H.E. Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors of Dubai’s RTA, stated that Hessa Street Development Project, with a total cost of approximately $177mn, is being implemented in line with the directives of the wise leadership to continue developing the road infrastructure network, keep pace with Dubai’s sustained growth, and meet the requirements of urban expansion and population growth.

“It constitutes a major road infrastructure development project serving several residential and development areas, including Al Sufouh 2, Al Barsha residential area, and Jumeirah Village Circle. The population of the areas served by the project is expected to exceed 640,000 residents by 2030. The project will double traffic capacity on Hessa Street, increasing capacity from 8,000 vehicles per hour in both directions to 16,000 vehicles per hour,” Al Tayer explained.

“Hessa Street Development Project extends from the intersection with Sheikh Zayed Road to the intersection with Al Khail Road over a length of 4.5km. The project includes the development of four major intersections along Hessa Street with Sheikh Zayed Road, First Al Khail Street, Al Asayel Street, and Al Khail Road, in addition to widening Hessa Street from 2 to 4 lanes in each direction. These works will double traffic capacity on Hessa Street, raising it to 8,000 vehicles per hour, and include the construction of a 13.5km cycling track,” added Al Tayer.

“The project includes developing dedicated cycling and e-scooter tracks extending 13.5km, 4.5m wide. The track links Al Sufouh and Dubai Hills via Hessa Street and serves several residential neighbourhoods, including Al Barsha and Barsha Heights. The development supports first- and last-mile journeys through direct connectivity with Dubai Internet City Metro Station and key commercial and service destinations across the area. The cycling track features a dedicated bridge crossing Sheikh Zayed Road and Al Khail Road, 5m wide (3m for cycling and e-scooters and 2m for pedestrians), and incorporates a unique architectural design inspired by the surrounding environment,” Al Tayer explained.

The project includes the development of 4 intersections. The first is Hessa Street intersection with Sheikh Zayed Road, where a directional ramp bridge will be constructed with a capacity of 2 lanes, passing over Dubai Metro’s Red Line and serving right-turning traffic from Sheikh Zayed Road onto Hessa Street eastbound towards Emirates Road. The second includes developing Hessa Street intersection with First Al Khail Street, by increasing the number of lanes on Hessa Street bridge from 3 to 4 lanes in each direction, in addition to traffic-flow improvements at the signal-controlled surface intersection.

The project also includes developing Hessa Street intersection with Al Asayel Street, involving an increase in the number of lanes on the existing bridge from 2 lanes in each direction to 4 lanes in each direction along Hessa Street, in addition to traffic-flow improvements at the signal-controlled at-grade intersection. The fourth intersection, which was inaugurated at the end of 2024, involved the development of the intersection of Hessa Street with Al Khail Road, where a direct directional ramp comprising two lanes was constructed to serve traffic moving from Hessa Street onto Al Khail Road northbound towards Sharjah.

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Nextpower and Abunayyan Holding have partnered and created a new joint venture (JV) company, Nextpower Arabia, which is headquartered in Riyadh. The JV company aims to expedite the deployment of utility-scale solar power plants across the Middle East and North Africa (MENA) region. By doing so, it will contribute to national and regional renewable energy transformation objectives and help achieve Net Zero targets, the statement said.

Beyond its primary focus on solar power, the new JV will also see the establishment of an advanced manufacturing facility in Jeddah, Saudi Arabia. This facility will equip Nextpower Arabia with tracker systems, yield management, and control solutions for the installation of large-scale solar projects across the MENA region.

The manufacturing facility is anticipated to have a total capacity of up to 12GW per year, enabling the production of Nextpower’s comprehensive portfolio of solar tracking systems. This capacity will create 2,000 jobs and foster the development of local engineering and technical talent within the Kingdom.

Currently under construction on a 42,000sqm site, the production facility is expected to open in Q2 of calendar year 2026. Once operational, it will employ 600 employees and contribute to the overall growth and development of the solar energy industry in the region.

Khalid Abunayyan, Chairman, Abunayyan Holding said, “Making energy and water supply readily accessible, sustainable, and affordable is essential to the continued economic and social development of Saudi Arabia and our partners across the region. It is also central to the core values and DNA of Abunayyan Holding. Partnering with Nextpower, a true pioneer in the international solar energy community, strengthens our role in advancing Saudi’s clean energy vision by localising advanced manufacturing and technologies, building local capacity development, and creating lasting value for generations to come.”

Dan Shugar, Founder and CEO, Nextpower added, “Saudi Arabia is a strategic market for Nextpower as we expand our ability to serve customers across the Middle East. The Kingdom is making significant progress in advancing the energy transition, and we’re proud and honored to support these monumental initiatives with proven solar technology and trusted local partnerships. Abunayyan Group’s regional expertise and alignment with our business focus make them the right partner to help deliver greater value, faster, for customers in the region.”

Turki Al-Amri, Abunayyan Holding CEO and Nextpower Arabia Chairman and CEO continued, “Our manufacturing facility represents the first step in our strategic vision to strengthen and localise the solar supply chain for our partners across the MENA region and enhance collaboration to deliver highly efficient and cost-effective clean energy. By sourcing core materials such as Saudi-produced steel through our strategic partners and manufacturing locally, we are supporting economic diversification and industrial growth that is at the foundation of Saudi Vision 2030.”

Headquartered in the US, Nextpower  has over 150GW of trackers in operation or under fulfillment across more than 45 countries worldwide. This portfolio includes over 6GW of solar projects in the MEA, such as Phase V of the Mohammed Bin Rashid Al Maktoum Solar Park in the UAE and 3GW of Saudi landmark projects.

Nextpower Arabia is well-positioned to support the National Renewable Energy Program in the Kingdom of Saudi Arabia, which aims to increase the share of renewables in the country’s energy mix by 2030. By localising manufacturing in Saudi Arabia, the company aligns with the country’s industrialisation and export development plans. This collaboration also helps reduce the cost of clean energy for major projects across the region, the statement explained.

According to the Middle East Solar Industry Association’s (MESIA) recent 2025 Solar Outlook Report, cost competitiveness and improved production efficiencies are accelerating solar adoption and government-backed clean energy strategies. The report projects that regional solar capacity will exceed 180GW by 2030, indicating a growing demand for solar energy.

Abunayyan Holding and Nextpower are committed to supporting this growth opportunity, they anticipate funding the joint venture with US $88mn in equity and public and private debt financings over the next two years. This substantial capital will enable the construction of a manufacturing facility and the development of technical and engineering capabilities, the statement concluded.

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Nakheel has collaborated with Bildits, the creators of realistic construction learning kits, to launch ‘Blueprint for the Future’. This hands-on sustainability and construction initiative aims to equip high school students with practical skills in sustainable development and responsible design.

Blueprint for the Future is said to align with the UAE’s national priorities in climate action, innovation, and youth capability building. It supports the UAE Net Zero 2050 Strategy and the Dubai 2040 Urban Master Plan. Through the program, students engaged in key principles of sustainable material selection, carbon-conscious design, and effective waste management.

Working in teams, they assumed real-world roles such as financiers, procurement specialists, and builders. They collaboratively planned, funded, and constructed their own sustainable model houses using Bildits kits.

Nearly 1,000 students from 65 nationalities participated across 8 leading Dubai schools. Together, they dedicated nearly 3,000 hours to developing practical skills in sustainable construction and design. Each school hosted its own competition, producing finalists who advanced to the National Finals held on 15 November 2025, at The St. Regis Dubai, The Palm.

Mariam Juma, Chief Operating Officer, Dubai Holding Real Estate said, “Sustainability becomes truly meaningful when young people can turn ideas into real action. Through this competition, students gained firsthand experience in decision-making, navigating trade-offs, and designing responsibly and with purpose. It’s inspiring to witness them develop skills and mindsets that will stay with them long after the competition ends.”

Participating schools included Al Mawakeb Al Khawaneej, American School of Creative Science, Regent International School, Cambridge International School, The Millennium School, Dubai English Speaking School, GEMS World Academy, and Credence High School.

The program was supported by a dedicated learning platform that provided students with resources, curated content, and quizzes to help them prepare for the competition. Blueprint for the Future has empowered young innovators to approach construction with greater creativity and responsibility, contributing to a more sustainable future in line with the UAE’s long-term vision, the firm said.

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Cundall is celebrating 50-years of design consultancy. What began in 1976 as a small British consultancy with a bold vision has grown into a global enterprise of more than 1,300 people across 29 offices, the firm said.

In the Middle East, the practice has been established for nearly 20-years, growing from a single office to 4 regional hubs in Doha, Dubai, Riyadh and Bengaluru. The team has grown by more than 100% in the last 3-years, delivering landmark work such as Qatar’s first large‑scale portfolio de-carbonisation strategy for Msheireb Properties, attractions for Saudi Entertainment Ventures, the Greater Muscat Structure Plan, and Dubai’s Guinness World Record‑breaking indoor rollercoaster, The Storm, it added.

“As we look back on 50 years, I’m proud not just of the projects we’ve delivered, but the sustainable businesses we have created across the globe and I am very grateful to the brilliant people, past and present who have contributed to this and shaped Cundall,” says Richard Stratton, Managing Director EMENA.

The next generation of leaders is driving new ideas, championing sustainability, and pushing the boundaries of engineering design. The practice remains focused on delivering its Zero Carbon Design 2030 commitment and its 2050 Science Based Targets, while exploring how AI and emerging technologies can continue to elevate its global capabilities, the firm explained.

“When we established our Middle East business nearly 2 decades ago, sustainability wasn’t a trend, it was a conviction. It has been central to all that we do, guiding every decision we’ve made and remains the foundation of who we are today,” Stratton adds. “What excites me most is that, through all our growth, we’ve stayed true to the values our founders set in 1976. Those values still define us – and they will guide us into the future.”

“Our people are absolutely at the heart of everything we do. We’ve built a culture where teams feel empowered to innovate and challenge convention, and we remain deeply committed to investing in our teams,” notes Lee French, MD MENA.

As part of its strategic growth plan, Cundall has continued to strengthen its presence in the Middle East to meet increasing demand for sustainable, future‑ready design solutions, the statement explained.

“Our expansion reflects the trust our clients place in us and the exceptional talent within our teams. Investing in the right locations, the right people and the right capabilities, we’re ensuring we can continue delivering projects that make a meaningful, lasting impact. With Gary Dodds, Faiyad Peterson and Scott McKeever steering our regional offices, the future looks incredibly exciting,” adds French.

With a strong pipeline of projects, the firm is well‑positioned to support the Middle East’s transformation and contribute to shaping resilient, people-centred places.

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