Range Developments has announced its fifth project, Island Heights, a collection of premium residential apartments in AL Marjan Island, Ras Al Khaimah.

The project features 165 units, 78 studio apartments and 87 one bedroom apartments with 360 views of Al Marjan Island. The property is located within 90y from the beach, and four-minutes away from the Wynn Al Marjan Island.

Ras Al Khaimah has undergone a transformation by the advancement of the Wynn Al Marjan Island project, set to reach completion by 2027. Al Marjan Island is becoming region’s premium destination, attracting international investors with beachfront living, amenities, ocean views, and resort-like community, said a statement.

Mohammed Asaria, Managing Director and Board Member of Range Developments commented, “We are thrilled to announce the launch of Island Heights in Al Marjan Island. Marking our fifth highly anticipated property in the country, this development is cultivated with lavish-living aficionados in mind, with the aims of providing an unparalleled lifestyle experience in the heart of the booming Ras Al Khaimah.”

“Ras Al Khaimah’s well-diversified economy and robust business environment generates significant investment opportunities, all elevating the region’s tourism,” added Riaz Shariff, Managing Director and Board Member of Range Developments. “Benefitting from the significant projected impact of Wynn Al Marjan Island, Island Heights is set to become both a beneficiary and a further catalyst to this growth, promising decadent living coupled with strategic investment potential.”

The property’s architecture portrays geometric precision and layered interaction, with interiors, modern elements, light, muted colours, travertine textures and smooth shapes. It also offers amenities to residents, including a gym, co-working space Resident’s Lounge, an outdoor children’s play area, yoga facilities, and a mezzanine level infinity swimming pool all within close proximity to Wynn Al Marjan Island’s entertainment and dining options.

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Object 1 has launched V1STARA HOUSE, a mid-rise residential tower in Al Furjan designed to deliver modern, community-centric living with cultural and architectural identity. Slated for completion in Q3 2027, V1STARA HOUSE marks a significant step forward for Object 1 into a lifestyle-focused, purpose-driven real estate narrative.

V1STARA HOUSE offers villas, townhouses, and mid-rise apartment buildings, one, two and 3.5-bedroom apartments across 10 residential floors, designed with layouts, 3.1m-ceilings, and panoramic windows, each floor accommodates six to eleven apartments, ensuring space and privacy features. With rental transactions in Al Furjan up 8% and one-bedroom rental values surging by 39%, the area offers yields of up to 9%, making V1STARA a opportunity for both end-users and investors.

V1STARA HOUSE aims to benefit from the city’s ongoing investment in infrastructure, sustainability, and connectivity. Al Furjan offers accessibility, between Sheikh Zayed Road and Sheikh Mohammed bin Zayed Road, and is currently served by the Red Metro Line, commercial hubs such as Jebel Ali Free Zone and Dubai Industrial Park and retail destinations like Ibn Battuta Mall makes it an ideal choice for both residents and investors. The development itself integrates eight retail spaces on the Ground Floor to provide daily conveniences.

Tatiana Tonu, CEO of Object 1 said, “V1STARA HOUSE is our response to current market dynamics offering a product that balances aspirational living with real value. As Dubai expands with major infrastructure projects like the new Al Maktoum International Airport terminal, adjacent areas like Al Furjan are establishing themselves as a trusted investment hub, driven by high demand and long term growth potential. V1STARA is a smart, functional choice, whether you’re an investor looking for solid returns or someone searching for a comfortable, well connected home. It’s thoughtfully designed with the community in mind and built to keep up with today’s digital lifestyle.”

Architecturally, V1STARA HOUSE blends contemporary designs and smart technologies with cultural resonance. Inspired by the Sanskrit word ‘Vistara’, meaning expansion, the tower embodies the principles of growth, emotional well-being, and universal unity. This narrative is reinforced through interiors designed in a palette of deep midnight blues, cosmic golds, and ethereal whites drawing from the visual of the cosmos.

V1STARA HOUSE offers range of amenities, including a lobby, a lagoon-style pool with a sun-soaked deck and loungers, separate kids’ swimming pool, indoor kids’ playroom and outdoor play area, separate ladies’ and gents’ gyms and sauna. For leisure, residents can enjoy game room, cinema, and clubhouse, along with a BBQ area and lounge.

A 4-storey parking structure ensures space and security for residents’ vehicles. Homes come equipped with a smart home ecosystem that allows residents to control lighting, climate, and security from their mobile devices, while a smart locking system ensures, keyless access and safety.

As Dubai’s affordable housing segment becomes a focal point for developers and investors in 2025, Object 1’s entry with V1STARA HOUSE highlights a strategic approach to market timing, product positioning, and community integration. With rising end-user demand in Al Furjan, the project emerges as both a lifestyle choice and a forward-looking investment opportunity.

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Dubai Holding Asset Management (DHAM) has officially announced the opening of Nad Al Sheba Mall. The move brings vibrant new lifestyle hub to the heart of Nad Al Sheba, said a statement from DHAM.

DHAM is the owner and operator of one of Dubai’s most extensive retail portfolios featuring 10 malls, 15 lifestyle destinations, and 18 retail centres.

Designed as a mixed-use lifestyle destination, the 500,000sqft mall is set to house a selection of over 100 stores spanning fitness, retail, entertainment, F&B, healthcare, and supermarkets.

Among the first major brands to open are Home Bakery, Joud Coffee, PDL Café, Parka, Homer Lobster, % Arabica, Fun City, Spinneys, GO Sport, SALT, and more, with FitnGlam, Fitcode and Union Coop joining in May 2025. Many more are set to follow in the coming months, said a statement from the firm.

Nad Al Sheba Mall adds to Dubai Holding Asset Management’s dynamic retail portfolio, which features malls like Nakheel Mall, Ibn Battuta, The Outlet Village, and Dragon Mart; landmark destinations including Bluewaters, JBR, and West Beach; and strategically located retail centres designed to foster connected communities and enhance convenience and quality of life across Dubai, it added.

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Deyaar Development conducted its Annual General Assembly (AGA) under the leadership of its Chairman, Abdulla Ali Alhamli. The meeting brought together the company’s Board of Directors, shareholders, senior management, external auditors, and representatives from regulatory bodies, marking a milestone in Deyaar’s corporate governance calendar.

In a strong show of corporate alignment, shareholders overwhelmingly approved all agenda items, demonstrating confidence in the company’s strategic direction. The General Assembly elected a new Board of Directors for the 2025-2028 term, comprising, Abdulla Ali Alhamli, Hamad Mubarak Buamim, Adnan Chilwan, Mohammed Saeed Al Sharif, Maryam Mohammed Bin Faris, Mohammed Rashed Bin Dhabeah Al Ketbi, Rashid Hasan Aldaboos, said a statement.

The newly elected Board is expected to reinforce Deyaar’s commitment to corporate governance, innovation, and sustainable growth, further strengthening its role as a key enabler in the UAE’s economic diversification and real estate development goals. The approval of a 5% dividend distribution underscores Deyaar’s financial performance and commitment to delivering shareholder value.

Deyaar continues to deliver transformative developments reflecting innovation, and sustainability. With a portfolio that spans residential, commercial, and hospitality sectors, Deyaar remains at the forefront of shaping the nation’s urban future. The company reaffirms its commitment to supporting the UAE’s visionary development agenda, contributing meaningfully to the country’s socioeconomic progress, and delivering long-term value to stakeholders.

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The Kenyan government has terminated a US $1.39bn highway expansion agreement with Vinci Highways. The project could potentially be awarded to a Chinese contractor, as confirmed by government officials and sources familiar with the matter.

The project, initially signed in Paris in 2020 during a visit by then-President Uhuru Kenyatta, aimed to transform a 140km single-lane road into a multi-lane highway connecting Nairobi to Nakuru, a city in Kenya’s Rift Valley region.

The Kenya National Highways Authority (KeNHA) expressed dissatisfaction with the deal, stating that it was not favorable to the country. The agreement would have required the government to cover the costs if insufficient vehicles utilised the road. KeNHA attempted to modify the contract, but Vinci refused to agree, leading the government to cancel the deal, as per a report.

“KeNHA requested a restructuring of the contract but the proposal was considered unbankable thus creating a stalemate,” the agency stated. This led to the issuance of a formal termination notice, effectively ending the deal before any construction had begun.

The French-led group included Vinci Highways, Vinci Concessions, and private equity firm Meridiam. Two sources with direct knowledge of the government’s plans revealed that the project is now expected to be handed over to a Chinese construction company, although the specific firm has not yet been publicly identified.

This shift follows a high-level visit to Beijing earlier this month by Kenya’s Finance Minister John Mbadi, who led a delegation for talks with senior Chinese officials. Local media have also reported that President William Ruto is scheduled for a state visit to China later this month, signaling a strengthening of bilateral ties.

Kenya is adjusting its approach to large-scale projects like roads in response to financial constraints. To address these challenges, the country is collaborating with both Western and Chinese partners to develop its infrastructure and foster economic growth.

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The Saudi Electricity Company (SEC) announced plans to commence work on a critical 380kV substation and associated overhead transmission line (OHTL) projects in the central region of Saudi Arabia, as part of the Kingdom’s ongoing efforts to expand its renewable energy infrastructure.

The project includes the construction of the Mawqaq PV 380kV Bulk Supply Point (BSP) substation, which will support upcoming renewable energy developments across the country. According to SEC, bids have been received from regional utility firms for the initiative.

Trading & Development Partnership (TDP) has emerged as the lowest bidder for the substation construction, with a proposed value of US $158mn. In parallel, SEC is also advancing overhead transmission line works. For the 380kV OHTL project connecting the Mawqaq PV BSP to the existing power grid, Alfanar Projects submitted the lowest bid at $42.3mn.

SEC stated that the official awarding of the contracts remains contingent on the successful evaluation and approval of the submitted proposals. These projects mark a significant step toward Saudi Arabia’s power infrastructure and its transition to sustainable energy sources under Vision 2030.

This initiative aligns with the broader goals of the National Renewable Energy Program (NREP), overseen by the Ministry of Energy. Currently, the Saudi Power Procurement Company (SPPC) has issued a Request for Proposals (RFP) for the sixth round of renewable energy projects, offering a total combined capacity of 4,500MW.

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Dubai’s Roads and Transport Authority (RTA) has opened a new bridge connecting Jumeirah Street to Al Mina Street, which aims to facilitate smoother traffic flow toward the Infinity Bridge. The newly inaugurated structure spans 985m and consists of two lanes, with a traffic capacity of up to 3,200 vehicles per hour.

This bridge is part of Phase 4 of the broader Al Shindagha Corridor Improvement Project. The phase covers a 4.8km stretch from the intersection of Sheikh Rashid Road and Sheikh Khalifa bin Zayed Street to the Falcon Intersection on Al Mina Street. The corridor is a key part of Dubai’s road network, aimed at accommodating increasing traffic volumes as the city continues to grow.

The new bridge is expected to significantly reduce congestion, particularly for drivers traveling from Jumeirah Street toward the Infinity Bridge. According to RTA, the travel time along this route is projected to drop by 67% from 12 minutes to approximately four minutes by removing the need to stop at traffic signals.

Phase 4 also includes the construction of five additional bridges totaling 3.1km in length. These are designed to handle up to 19,400 vehicles per hour. Road upgrades as part of this phase also focus on key intersections along Jumeirah Street, Al Mina Street, and Sheikh Sabah Al Ahmad Al Jaber Al Sabah Street.

Pedestrian infrastructure is also being addressed with two new pedestrian bridges planned one on Sheikh Rashid Road and another on Al Mina Street to improve safety and accessibility.

Looking ahead, a major element of the project is scheduled for completion in the second quarter of 2025: a 780m, three-lane bridge that will link Infinity Bridge to Al Wasl Street via Al Mina Street. This future connection is expected to accommodate up to 4,800 vehicles per hour, further enhancing the corridor’s traffic capacity.

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Imkan has announced the launch of Naseem AlJurf, the newest phase of its landmark development, AlJurf. The development is located within a 90,580sqm area nestled between Abu Dhabi and Dubai.

The project aims to redefine coastal living in the UAE and promises a lifestyle that blends modern living with cultural heritage.

As part of the broader AlJurf masterplan, the phase includes a curated mix of residential offerings, including 111 standalone villas, 60 contemporary townhouses, and eight low-rise apartment buildings. The announcement follows the success of AlJurf’s first phase, which witnessed a complete sellout, highlighting the strong demand for lifestyle destinations that prioritise wellness, nature, and community connection.

Engineer Suwaidan Al Dhaheri, CEO of Imkan said, “With Naseem AlJurf, we have envisioned more than just a residential development – we are creating a sanctuary where tradition meets modernity. This phase embodies our philosophy of placemaking – crafting soulful, human-centric communities that not only enhance the lives of our residents but also honor the natural beauty and rich heritage of Sahel Al Emarat.”

The launch event showcased the design of Naseem AlJurf and highlighted architectural elements inspired by the region’s cultural roots, lush landscapes, and a profound respect for the surrounding environment. The community will also offer a range of amenities, green spaces, walking trails, and wellness-focused features to promote a balanced and fulfilling lifestyle, the developer said.

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