The King Abdullah Financial District Development and Management Company (KAFD DMC) has entered into a Hotel Management Agreement (HMA) with Hilton to operate a 450 key hotel in King Abdullah Financial District (KAFD).

The milestone was marked by the signing of an agreement at the ninth edition of the Future Investment Initiative (FII) in Riyadh. The agreement aligns with KAFD DMC’s hospitality strategy, which aims to attract brands to the district and solidify KAFD’s position as the destination for business and leisure travelers.

Saad Abdulaziz Alkroud, Chairman of the Board at KAFD DMC said, “We are excited to partner with Hilton to enhance KAFD’s hospitality offering and firmly establish the district as a major destination for both business and leisure travelers. KAFD’s growing hospitality offering demonstrates our commitment to enabling Vision 2030 by developing world-class infrastructure to drive the growth of tourism in the Kingdom.”

John Pagano, Managing Director of KAFD DMC added, “This agreement with Hilton is a key step in expanding KAFD’s hospitality offering, supporting the district’s role as a hub for business, investment, and international conferences. The hotel will complement KAFD’s integrated ecosystem of offices, residences, retail, and event venues, providing seamless convenience for visitors and residents. With Hilton joining KAFD, we are advancing the district’s long-term strategy to create a connected, dynamic environment where business and lifestyle converge.”

Chris Nassetta, President & CEO, Hilton continued, “Hilton Riyadh King Abdullah Financial District represents an exciting step for Hilton in Saudi Arabia. Our growth in the Kingdom has accelerated significantly in recent years, and with over 100 hotels trading and in the pipeline, we remain confident in the country’s inspiring future. We are thrilled to be working alongside KAFD DMC to bring our signature Hilton hospitality to the heart of Riyadh’s financial centre and create unforgettable stays for all our guests.”

Hilton Hotels & Resorts, the flagship brand of Hilton, is bringing its presence to Riyadh’s business district. Located next to KAFD’s conference centre, Hilton Riyadh King Abdullah Financial District offers direct access to the district’s business and cultural ecosystem through a network of climate controlled skywalks. This location also connects to the upcoming monorail system, providing access to the Riyadh Metro and the wider city, said the statement.

The hotel boasts 450 modern and comfortable guest rooms and suites, blending Hilton’s service with a distinctly local experience. Guests can indulge in a diverse range of dining options, including a lobby café, an all-day dining establishment, and specialty restaurants. A poolside terrace, while a fully equipped fitness center and health club ensure guests stay fit and healthy during their stay, it added.

Designed to cater to large corporate events and social gatherings, Hilton Riyadh King Abdullah Financial District provides 900sqm of meeting and event space. This includes boardrooms and an executive lounge, making it an ideal venue for business meetings and conferences. The hotel expands KAFD’s hospitality offerings by introducing a selection of brands that cater to Riyadh’s discerning business, leisure, and conference travelers.

KAFD continues to solidify its position as Riyadh’s business and lifestyle district. The district integrates offices, residences, retail, and event venues, creating a fully integrated environment. With over 140 office tenants, 19 regional headquarters, and residential communities, KAFD has an expanding portfolio of luxury hotels, dining, and lifestyle options.

Hilton’s commitment to supporting Vision 2030 is evident through its presence. With 21 hotels across the Kingdom and 83 more in the pipeline, Hilton is expanding its footprint and delivering hospitality throughout Saudi Arabia. This latest signing further reinforces Hilton’s long-term dedication to contributing to the country’s economic growth and development, the statement concluded.

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Dubai Investments has announced the commencement of construction for the second production line of its wholly owned subsidiary, Emirates Float Glass (EFG), within its facility in the Khalifa Economic Zones Abu Dhabi (KEZAD).

The inauguration ceremony was attended by Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments, Mohammed Ghareeb, Chief Experience Officer of KEZAD Group, and other senior officials from Dubai Investments, as well as government authorities. The representatives from key technology, civil works, and contract management partners underscored the collaborative effort behind this milestone, said a statement.

“The second float line marks a transformative milestone for the UAE’s industrial manufacturing landscape. With dual float lines and the introduction of Ultra Clear Glass, the group is expanding capacity, enhancing product offerings and providing customers with a complete range of high-performance glass solutions under one roof. This project underscores Dubai Investments’ commitment to industrial innovation, sustainable growth and economic diversification,” said Khalid Bin Kalban.

Emirates Float Glass (EFG) is expanding its operations, with an additional investment of over US $163.35mn. This expansion will establish EFG as the sole glass manufacturer in the region operating dual float lines, significantly enhancing its production capabilities.

A key aspect of this expansion is the introduction of the Ultra Clear Glass production line, a groundbreaking capability in the GCC and the Middle East. In conjunction with EFG’s magnetron sputtering coater, this new line will provide a comprehensive range of high-transmission, low-emissivity coatings, catering to the growing demand for premium architectural, solar, and industrial glass applications, the firm said.

By integrating this new line with EFG’s other glass subsidiaries, Emirates Glass and Saudi American Glass, customers will gain a single point of contact for all their glass requirements, from standard float glass to advanced, coated specialty products.

EFG’s commitment to local value creation, sustainable practices, and quality operations is further evidenced by its ICV certification and inclusion in the Abu Dhabi Economic Department’s Golden List. This recognition underscores dedication to contributing to the region’s economic growth and environmental responsibility, the statement explained.

Construction on the expansion project is currently underway, with the second float line expected to be fully operational by late 2027 or early 2028. Once operational, Emirates Float Glass will solidify its position in float-glass manufacturing, offering production capacity, technological innovation, and a comprehensive product range that will cater to the diverse needs of customers across the GCC and beyond, it concluded.

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Majid Al Futtaim has announced Maravelle at Ghaf Woods, which is billed as an ultra-premium wellness-led destination that will be anchored by a world-class lifestyle and wellness facility.

The master plan of Ghaf Woods serves as a foundation for Maravelle to create a new standard of sophisticated forest residential experience, which combines natural elements with sustainable design and complete health benefits. Located in the inner circle of Ghaf Woods, Maravelle has been conceived as a lifestyle retreat first, and a residential enclave second. The design process includes deliberate choices that support wellbeing through the combination of architectural elements, natural environments, and the luxury of space, the developer said in its statement.

Spanning 25,000sqm, Maravelle provides only 96 residences across four boutique buildings. This design creates a sense of private living, with each building featuring four homes per floor. A single elevator serves two units per level, ensuring exclusive access. The development offers a range of apartments, including two- and three-bedroom units, as well as four-bedroom duplexes, all with views and direct access to the forest, it added.

Wellness is said to be deeply ingrained in the design philosophy of Maravelle. Homes are equipped with advanced ventilation systems, low emission building materials, and circadian lighting technology that mimics natural daylight, enhancing visual comfort and well-being. Outdoor lighting is also designed to reduce glare, maintaining a calm and restorative ambiance.

In addition, the residences at Maravelle feature natural stone, marble worktops, timber flooring, and porcelain slabs, creating tangible connections to nature. The duplexes boast private pools and terraces, providing residents with personal spaces to unwind in the serene surroundings of nature, the developer explained.

Ahmed El Shamy, Chief Executive Officer, Majid Al Futtaim Development said, “Maravelle at Ghaf Woods represents a new approach to real estate value creation, as it goes beyond traditional measurements of space and interior design to emphasise health benefits, environmental stewardship, and people-focused design. Our developments attract more people because they seek equilibrium, while building meaningful connections with their surroundings.”

“With Maravelle, we are setting a new benchmark for wellness-centred living; One that demonstrates how design, nature, and community can work together to create long-term impact, both for residents and for the future of sustainable urban development in Dubai,” he added.

The construction stages of Ghaf Woods is progressing, and its full completion is anticipated by 2032. This development will offer over 5,000 premium homes, along with 8km of walking paths, 3.5km of cycling routes, family gardens, and wellness pavilions. The design process selects elements that support well-being, combining architectural elements, natural environments, and the luxury of spacious living, the statement concluded.

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Developer Main Realty has marked a significant milestone by breaking ground and unveiling its flagship project in Dubai – Flow Residences by Main. This coastal living community offers 50 designed apartments and is slated for completion in the fourth quarter of 2027.

This second venture from Main Realty solidifies the developer’s commitment to serving a discerning market segment. By bringing its signature Miami vibe to Dubai Islands, Flow Residences aims to cater to the preferences of luxury-seeking individuals. The project boasts a diverse range of luxury accommodations, including one-, two-, and three-bedroom apartments, as well as townhouses, said a statement from the developer.

The developer also emphasised the project’s unique cruise ship shaped architecture, which serves as a direct nod to its core concept. This design integrates Miami’s vibrant, coastal lifestyle with the standards of Dubai, creating an unparalleled living experience. By limiting the project to just 50 units, Main Realty ensures an exclusive and exceptional living environment for its residents.

“Our strategy is not about volume; it’s about creating niche, boutique developments. We aren’t just building residences; we are importing a lifestyle for a select few,” said Mohammed Aamir Siddiq, CEO and Founder of Main Realty. “Flow Residences is the perfect synthesis of Miami’s energetic, 5-star resort feel and Dubai’s unmatched standard for luxury. Dubai Islands is the next hub for waterfront investment, but we are catering to a specific gap in the market. With investments here reportedly topping $1.634bn in the first half of the year, it’s clear global investors want unique lifestyles. We are here to add that distinct Miami vibe to the Dubai bling.”

Flow Residences is the second project for Main Realty, which expanded from its Miami base in 2023. Its first project, Primero Residences by Main at Al Furjan, is said to be on track for 2027 completion. Flow Residences will offer 25 one-bedroom units, 21 two-bedroom units with a private pool, and four three-bedroom units.

The new project is taking shape on a 25,000sqft plot and will offer five-star resort style amenities that channel the South Beach experience, including a DJ Booth, a pool bar & seating zone, a sunbathing area, and a sandy outdoor seating area. These are complemented by an infinity pool, kids play area, yoga area, indoor and outdoor gyms, and sauna & steam rooms, the statement concluded.

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Al Ain Mills and Ethmar International Holding (EIH) have partnered with Abu Dhabi Investment Office (ADIO) to develop a new milling facility in Abu Dhabi.

This collaboration aligns with the UAE’s food security policy commitments and supports Abu Dhabi’s strategic vision to establish the emirate as a regional hub for sustainable food production and processing, said a statement.

Al Ain Mills and EIH share a commitment to advancing the UAE’s food security agenda and supporting Abu Dhabi’s strategic vision. The new facility will expand Al Ain Mills’ commercial footprint in Abu Dhabi, increasing the company’s production capacity and enhancing the UAE’s national food processing capabilities.

Ethmar International Holding (EIH), an Abu Dhabi-based investment holding company with a diversified portfolio across several sectors, leads this initiative. EIH focuses on driving strategic investments that contribute to the UAE’s sustainable economic growth and align with the nation’s long-term vision for economic prosperity and resilience, said the statement.

This strategic collaboration is said to reflect the shared ambition of all parties to strengthen the UAE’s global position as a leader in food innovation, self-sufficiency, and long-term sustainability. It also contributes to a resilient, competitive, and sustainable food ecosystem for the UAE and the wider MENA region.

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Nakheel has unveiled Palm Central Private Residences, which is billed as a new landmark in resort-style residential living on the Palm Jebel Ali. Located along the island’s central spine between Frond M and N, the development introduces a refined concept of community-oriented living to one of Dubai’s most renowned destinations. It extends Palm Jebel Ali’s lifestyle offerings beyond beachfront villas, said the developer.

Designed with well-being, comfort, and connection in mind, Palm Central Private Residences boasts 212 residences across three mid-rise buildings. Each building offers panoramic views of the sea and skyline, featuring a diverse range of one- to five-bedroom apartments and signature penthouses with private pools.

The development’s landscaped courtyards, wellness zones, and social lounges create a lifestyle that balances privacy and shared connection. Palm Central Private Residences sets a new standard for resort-inspired family living in Dubai, offering a unique and enriching experience for its residents, the developer outlined.

Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate said, “Palm Jebel Ali advances Dubai’s vision for people-centred waterfront living. With Palm Central Private Residences, we bring resort living into the everyday, creating a central neighbourhood where homes, wellness, learning, retail and worship sit within a short walk. This residential model complements our beachfront villas, broadens the island’s residential mix and supports a more inclusive and connected community that is calm, contemporary and distinctly Dubai.”

Enhancing the island’s infrastructure, Palm Jebel Ali will boast a 9,000sqm retail centre and a mosque designed by Skidmore, Owings & Merrill (SOM). The mosque will accommodate up to 1,000 worshippers, and will reimagine traditional Islamic architecture through sculptural forms that invite light and reflection, the developer explained.

Stretching 13.4km and encompassing seven interconnected islands, Palm Jebel Ali boasts 16 fronds and over 90km of beachfront. The master plan aligns with the Dubai 2040 Urban Master Plan and Dubai Economic Agenda D33. It integrates smart design principles, sustainable infrastructure, and walkable public spaces to shape a future-focused, mixed-use community that embodies Dubai’s continued growth and ambition.

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Developer Ellington Properties has said it is poised to unveil Soto Grande, its latest residential development in Al Hamra, Ras Al Khaimah. The project is said to highlight Ellington’s expansion into the northern emirates, and solidify its reputation as a developer that redefines lifestyle communities through architectural prowess, design, and curated experiences.

Ras Al Khaimah is currently emerging as one of the UAE’s fastest growing real estate destinations. In the first half of 2025 alone, the emirate attracted US $191mn in foreign direct investment. Moreover, its population is projected to surge from 400,000 today to 650,000 by 2030. This demographic growth is expected to fuel demand for 45,000 new housing units, further emphasising the demand for designed residential communities, said a statement from the developer.

Soto Grande will offer a diverse range of designed living spaces, from compact studios to four-bedroom apartments and penthouses. The development will introduce a distinctive architectural statement to Al Hamra. Rising as two striking residential volumes connected by a central bridge, the design draws inspiration from the calm of the sea and the flow of nature. The bridge itself stands as a bold architectural gesture, symbolising balance, belonging, and community, while also providing residents with elevated vantage points across the lagoon, golf course, cityscape, and the Arabian Gulf, it added.

Joseph Thomas, Co-Founder of Ellington Properties remarked, “With Soto Grande, we wanted to rethink what it means to live in Ras Al Khaimah at a time when the emirate is entering a new phase of growth. For us, architecture is never just about aesthetics; it is about creating a sense of place and identity that people feel proud to call home. The bridge is symbolic of that idea as it is a bold design feature that also represents balance, connection, and belonging. Through this development, we are adding a new chapter to Al Hamra, while providing residents a refined living experience rooted in design, community, and the spirit of Ras Al Khaimah.”

Soto Grande will offer living experience through a curated selection of lifestyle amenities. Residents will be welcomed into a hotel-inspired lobby and lounge and concierge services, while a private clubhouse will serve as a hub for dining, entertainment, and social gatherings.

Spaces dedicated to wellness include a double-height fitness studio overlooking the pool, a yoga studio with a refreshment bar, and spa-style changing rooms featuring sauna and chromatherapy showers. Outdoors with landscaped play zones, a padel court, lap and leisure pools, and an outdoor gym, while families benefit from children’s play areas with dedicated facilities, the statement concluded.

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SAMANA Developers has unveiled its latest residential project, SAMANA Hills South 3. This new project, set in the expanding Dubai South district, aims to deliver 147 high-quality units. It caters to international investors seeking a secure asset near one of the Emirate’s crucial economic zones, said the developer.

Following the sale of Samana Hills South 1 and 2, the launch of Samana Hills South 3 is said to underscore the developer’s market position and solidifies it as one of Dubai’s key off-plan developers. The project spans an 95,195sqft of residential space, and offers a range of studio-, one- and two-bedroom apartments, with an estimated handover date of October 2028.

“Dubai is not just maintaining momentum; it is smashing records. The $14.78bn in sales recorded last month provides an unparalleled foundation for a secure asset,” stated Imran Farooq, CEO of Samana Developers. “Our own success, where we ranked as the fifth largest off plan developer in H1 2025 and continue to draw 86% of sales from international investors, confirms our strategy.”

“The area around Dubai South is the epicentre of tomorrow’s growth, driven by the expansion of Al Maktoum International Airport. With SAMANA Hills South 3, we are delivering a project that aligns with this market strength: a premium, high yield product located near the city’s next major economic hub,” he added.

The development is said to be strategically positioned to benefit from the substantial expansion and employment opportunities emerging from Al Maktoum International Airport (DWC) and the business hubs in Dubai South. Its location provides easy access to major highways, including Sheikh Mohammed Bin Zayed Road (E311), ensuring convenient daily commutes. The property is conveniently situated just 18 minutes from Al Maktoum International Airport and 20 minutes from Dubai Marina, the developer said.

SAMANA Hills South 3 is designed as a resort-style sanctuary, offering an extensive suite of over 30 amenities. Key features will include a dedicated Aqua Gym and Spa, a wellness lounge, swimming pool, and an outdoor cinema. This emphasis on luxury amenities and high-quality living ensures strong rental potential for investors.

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Developer Red Sea Global (RSG) has secured a US $1.73bn credit facility specifically designed for the development of AMAALA. The funding initiative is led by Riyad Bank as the sole underwriter, with The Saudi Investment Bank (SAIB) and Bank AlBilad serving as mandated lead arrangers.

The loan agreement incorporates a blend of conventional and Islamic financing, aligning with RSG’s Green Loan Framework. The framework was initially established when RSG secured private funding from a consortium of four banks for the development of The Red Sea destination in 2021, said a statement.

“Four years ago, we made history by securing the first-ever Riyal denominated green finance credit facility. Since then, we have built and opened nine hotels at The Red Sea destination as well as supporting infrastructure. Last month we announced the upcoming opening of Shura Island, which will feature 11 hotels, residences, high-end food and beverage and retail experiences. We have demonstrated that we are a developer who delivers and we’re proud that our financing partners recognise this and have faith to once again back our destinations, this time supporting AMAALA, which opens in the coming weeks,” said John Pagano, Group CEO at RSG.

This is the third time RSG and Riyad Bank have collaborated. Their partnership began with the establishment of the first green loan facility in 2021. They also jointly financed a $533mn debt package for a joint venture with Kingdom Holding Company to develop the Four Seasons Resort on Shura Island, which is expected to open later this year.

Nadir Al-Koraya, President and Chief Executive Officer of Riyad Bank said, “Red Sea Global continues to demonstrate exceptional capability in delivering on bold and transformative developments that align with the Kingdom’s Vision 2030 goals. We are proud to once again support them, this time in realising AMAALA, an ambitious, sustainability-driven destination that will redefine wellness and luxury tourism.”

Gregory Djerejian, Group Head of Investments and Chief Legal Officer at RSG added, “We are grateful to our partners for their continued trust and support. Their backing not only reflects confidence in our vision, but also reinforces our shared commitment to responsible, future-focused development. Together, we are helping to deliver destinations that set new standards for sustainability, wellness, and economic impact.”

The Green Financing accreditation is governed by a Green Financing Framework aligned with the Green Bond Principles and Green Loan Principles established by the International Capital Markets Association (ICMA) and the Loan Market Association (LMA), respectively.

Akin, an international law firm, provided advisory services on the deal. Their Riyadh office acted as the borrower’s counsel, while Linklaters’ Riyadh office acted as the lenders’ counsel. Both firms played a crucial role in ensuring the execution of the transaction. They offered commercially focused and pragmatic legal advice that supported RSG in securing this landmark green financing.

AMAALA, located at Triple Bay, is set to open this year. It will feature over 1,400 hotel rooms across eight different resorts. AMAALA is positioned as an ultra-luxury wellness destination centered around regeneration. Two of its distinctive features are the Corallium Marine Life Institute, an educational and scientific research center, and the AMAALA Yacht Club, which aims to become an international hub for luxury yachting, said the statement.

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