Property News: Leasing

Aldar and Arada Join Forces on AED15 Billion Abu Dhabi Development Plans

Abu Dhabi-listed developer Aldar and Sharjah-based property company Arada have announced a strategic partnership covering residential and mixed-use developments with an estimated combined value of around AED15 billion ($4 billion).

Under the agreement, the companies will work together on a master-planned mixed-use community at Seih Sdeirah, located near the Abu Dhabi-Dubai border. Separately, Arada have purchased three residential plots on Yas Island for new developments.

The projects represent Arada’s first major … Read more ›

Aldar Properties has revealed Saadiyat Grove, a mixed-use luxury district taking shape on Saadiyat Island, with doors opening in the final quarter of this year.

The development sits in the heart of the Saadiyat Cultural District, framed by three of the emirate’s landmark institutions — Louvre Abu Dhabi, the Zayed National Museum and the forthcoming Guggenheim Abu Dhabi — and blends shopping, dining, hospitality, homes and workspace into a single destination.

On the retail side, more than 100 international names … Read more ›

Miral’s five-year programme covers new experiences, added hotel rooms and upgrades across the island

Miral will invest more than AED 12 billion in Yas Island over the next five years, funding a pipeline of new attractions, expanded theme parks and a significantly larger hotel offering.

The programme spans tourism, entertainment and hospitality, taking in new immersive rides and experiences as well as upgrades to venues already operating on the island.

Investment sits apart from the Disney project

Miral has been … Read more ›

Work is now well underway on Abu Dhabi’s AED 6.4bn Sphere, the second venue of its kind anywhere in the world after the original opened in Las Vegas in 2023. The venue is targeting completion in 2029.

ALEC Holdings won the build contract in May 2026 from the Department of Culture and Tourism – Abu Dhabi, and the job now stands as the single biggest item in the contractor’s Dhs32.5bn order book. According to ALEC chief executive Barry Lewis, the … Read more ›

Abu Dhabi’s residential landscape is entering a period of significant expansion, with fresh figures from the Abu Dhabi Real Estate Centre (ADREC) showing the emirate’s housing stock climbing from around 409,000 units today to roughly 480,000 by the end of the decade. The single busiest year for handovers will be 2028, when close to 21,800 new homes are due to be delivered.

Six Districts Driving the Bulk of Growth

According to ADREC’s Real Estate Market Report for the first half of 2026, … Read more ›

Aldar Properties, Abu Dhabi’s largest listed developer, reported a 10% year-on-year jump in second-quarter net profit, with revenue up 5% despite broader regional uncertainty tied to the Iran conflict.

Net profit for the three months to end of June came in at AED 2.16 billion ($580 million), with quarterly revenue and rental income reaching AED 8.1 billion. For the first half of the year, profit climbed 16.3% annually to AED 4.2 billion, while revenue grew 8% to … Read more ›