Harrison Street Taps Jon Glass as Managing Director to Lead Senior Housing Asset Management Expansion
•Harrison Street
Middle East CRE News
Commercial Real Estate News
Newmark Expands Italy Platform With Giuseppe Carone-Led Design and Project Management Unit
•Newmark
ASFAR Inaugurates Gamra Mountain Resort in Saudi Arabia's Al Baha Province
•Public Investment Fund
Aldar Properties PJSC Unveils Saadiyat Grove, a Luxury Mixed-Use Retail Destination in Abu Dhabi's Cultural District
•Aldar Properties PJSC
Ares Management Closes Japan Logistics Fund JDP V at ¥612 Billion Hard Cap, CPP Investments Commits ¥150 Billion
•Ares Management
Aldar Properties PJSC and Mubadala Investment Company Acquire Masdar City Square for AED 918 Million
•Mubadala Investment Company
Harrison Street and The Michaels Organization Launch $230 Million Student Housing PPP at University of San Diego
•Harrison Street
DevelopmentHospitality
Ennismore and Propreal Capital Partners Sign 120-Key Mama Shelter Hotel in Porto, Portugal
Ennismore and Propreal Capital Partners have signed an agreement to develop a 120-key Mama Shelter hotel in Porto's Baixa district, marking the lifestyle brand's first property in northern Portugal. The hotel will feature an all-day restaurant, private karaoke rooms, and social play spaces, with interiors designed by Dion & Arles.
•Ennismore
Development
TARAF and Mubadala Investment Company Sign MoU for 5.4M-Square-Foot Mixed-Use Development on Abu Dhabi's Al Reem Island
TARAF, the real estate division of Yas Holding, and Mubadala Investment Company have signed a Memorandum of Understanding to explore a large-scale mixed-use waterfront development on Al Reem Island in Abu Dhabi. The proposed masterplan spans 10 plots totaling approximately 655,000 square feet of land with a planned gross floor area of approximately 5.4 million square feet.
•Mixed UseMultifamilyRetail
Joint VenturesMixed UseMultifamily+2
Aldar Properties and Arada Form AED 15 Billion Partnership for Abu Dhabi Mixed-Use and Residential Development
Aldar Properties PJSC and Arada have formed a strategic partnership valued at approximately AED 15 billion ($4.1 billion) to co-develop a large-scale mixed-use community at Seih Sdeirah and residential projects on Yas Island in Abu Dhabi. The agreement marks Arada's first development presence in the emirate.
•Aldar Properties PJSC
DevelopmentHospitalityMixed Use
Ennismore Signs 345-Key 25hours Hotel in Bangkok's Siam Square as Part of Central Pattana's THB 11 Billion Mixed-Use Development
Ennismore has signed a deal to open a 345-key 25hours Hotel in Bangkok's Siam Square as part of Central Pattana's CenTRal cENtrAL development, a mixed-use project valued at over THB 11 billion. The hotel marks the 25hours brand's first entry into Thailand and is scheduled to open in Q1 2029.
•Ennismore
More News
DevelopmentHospitality
Ennismore Signs Rixos Water World Phuket, Marking Brand's First All-Inclusive Resort in Thailand
Ennismore has signed an agreement to rebrand and redevelop an existing resort complex in Mai Khao, Phuket, into Rixos Water World Phuket, a luxury all-inclusive property with more than 600 guestrooms and villas. The resort is slated to open in early 2028 following an extensive renovation, marking the Rixos brand's debut in Thailand.
•Ennismore
DevelopmentMultifamilySingle Family
DAMAC Properties Surpasses 50,000 Home Handovers With $2.72 Billion in 2026 Construction Awards
DAMAC Properties has surpassed 50,000 cumulative residential handovers in Dubai and awarded more than $2.72 billion in construction contracts during the first half of 2026. The UAE developer is targeting delivery of more than 8,800 units across five communities this year, with a pipeline of 55,000-plus additional homes in planning and development.
•DAMAC Group
DevelopmentMultifamily
Nakheel Awards AED 800 Million Construction Contract for Bay Grove Residences on Dubai Islands
Nakheel has awarded a main construction contract worth more than AED 800 million to Metac General Contracting Co for Phases 1 and 3 of Bay Grove Residences on Dubai Islands. The contract covers 537 homes across seven residential buildings, with completion targeted for late 2028.
•Dubai Holding
DevelopmentHospitality
Hilton Signs Franchise Agreement With Arte Hoteles for Outset Collection's EMEA Debut in Madrid
Hilton has signed a franchise agreement with Arte Hoteles for Casa Verbena Madrid, Outset Collection by Hilton, marking the lifestyle brand's first property in Europe, the Middle East and Africa. The 45-room hotel on Calle de Preciados in central Madrid is expected to open in late 2026.
•Hilton Worldwide Holdings Inc.
People
DTZ Investors Appoints Nicholas Garattini to Newly Created Head of Capital Formation Role
DTZ Investors has appointed Nicholas Garattini to the newly created role of Head of Capital Formation, effective October 5, 2026. The hire completes a leadership restructuring at the London-based firm that manages approximately $15.7 billion in assets under management.
•Dtz Investors
DevelopmentMultifamily
Meraas Awards AED 590 Million Construction Contract for City Walk Crestlane Phase 3
Meraas, a member of Dubai Holding Real Estate, has awarded Parkway International Contracting a main construction contract worth more than AED 590 million for 394 apartments across four residential buildings at City Walk Crestlane Phase 3. Construction has commenced, with completion targeted for Q3 2028.
•Dubai Holding
DevelopmentOfficeMultifamily
Dubai Holding Awards AED 5 Billion Construction Contract for New Headquarters and Meraas Jumeirah Residences Emirates Towers
Dubai Holding has awarded an AED 5 billion construction contract to China State Construction Engineering Corporation Middle East for its new corporate headquarters and the Meraas-developed Jumeirah Residences Emirates Towers. The contract, the largest Dubai Holding has awarded to date, covers two projects in Dubai's Emirates Towers district scheduled for delivery in 2029 and 2030.
•Dubai Holding
Property TransactionsIndustrialWarehouse & Distribution
Sagard Real Estate Acquires 133,750-SF Industrial Property in Tukwila, Washington
Sagard Real Estate has acquired 1100 Andover Park West, a 133,750-square-foot industrial property in Tukwila, Washington, within the greater Seattle market. The fully leased facility is occupied by a national wholesale distributor that has operated at the site for more than 25 years.
•Sagard Real Estate
DevelopmentHospitality
Arada and Emaar Hospitality Group Open 175-Room Vida Aljada Hotel in Sharjah's Nasaq District
Arada and Emaar Hospitality Group have officially opened the Vida Aljada hotel, a 175-room five-star lifestyle property in Sharjah's Nasaq District. The opening marks the first Emaar Hospitality brand to debut in Aljada and expands the master community's hospitality cluster to 579 total keys.
•Arada