Meraas has announced the key handover of the ultra-exclusive Bvlgari Ocean Mansions on Jumeira Bay Island. This marks the completion of the project between developer Meraas and luxury brand Bvlgari, delivering an exclusive residential area in Dubai’s waterfront areas.

With only seven Bvlgari Ocean Mansions developed, each one has been crafted to high standards and attention to detail, demonstrating the artistry and vision that is the result of the partnership between Meraas and Bvlgari, and their mutual commitment to delivering the finest residential experiences in the region.

The key handovers for the Bvlgari Ocean Mansions were being held at the Bvlgari Yacht Club, providing owners with an personalised experience. Shaped like a seahorse, Jumeira Bay Island by Meraas is not only home to the Bvlgari Ocean Mansions and Bvlgari Resort Dubai, but also serves as destination for both residents and visitors to enjoy.

Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate said, “We are thrilled to announce the completion and handover of the ultra-exclusive Bvlgari Ocean Mansions. This project represents the culmination of a remarkable partnership with Bvlgari, combining their iconic elegance with our vision for creating exceptional living spaces. Together, we’ve crafted one of Dubai’s most exclusive residential destinations, blending world-class design with unparalleled lifestyle experiences. At Meraas, we believe in pushing boundaries and setting new standards that continuously redefine what luxury living can be.”

The Bvlgari Ocean Mansions reflect Bvlgari’s Mediterranean-inspired that can be seen throughout Jumeira Bay Island, which is an enclave for high-net-worth individuals seeking secluded waterfront properties. The project was designed by the Italian architecture firm Antonio Citterio Patricia Viel and constructed by Innovo Group.

Each Bvlgari Ocean Mansion comprises nearly 10,000sqft, spread over five bedrooms, with indoor and outdoor spaces. The Ocean Mansions features an over-water design and hug the curve of Jumeira Bay Island, appearing to float above the waves and offering sublime views of the ocean. Each balcony features an infinity pool that creates an illusion of blending entirely with the ocean, said a statement.

Nature is fully embraced within the design of the mansions, with features like glazed terracotta roofs, floor-to-ceiling glass doors, and skylights, which ensure that residents can fully embrace outdoor living within the residences, including access to private gardens. The island boasts private beaches, fine dining options, it added.

As part of the Bvlgari experience, residents will enjoy access to the exclusive facilities of the neighbouring Bvlgari Resort Dubai, complemented by Bvlgari’s high service standards. This includes the world’s first Bvlgari Marina and Yacht Club, state-of-the-art swimming pools, landscaped gardens, private parking spaces, dedicated storage facilities and a host of dining options on-site.

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Diriyah Company, the mixed-use developer behind the transformation of Diriyah, The City of Earth, has awarded a US $202.2mn contract to China Harbour Engineering Company to undertake bulk excavation works in Diriyah’s second phase. The Diriyah Company is responsible for the Diriyah and the Wadi Safar masterplans, more than 40 hotels, arts districts, museums and sporting venues within the outskirts of Riyadh.

The excavation works will cover most of the area of the second phase of the Diriyah project, which spans approximately 6.3sqkm, out of the total 14sqkm development area. The excavation works will see more than 600 heavy machines deployed on-site to carry out the work, shaping the site according to design specifications and providing a foundation for the development of planned world-class assets in Diriyah. These include the Royal Diriyah Opera House and the 20,000 seat Diriyah Arena.

Diriyah Company will embrace circular economy principles, as materials from the excavation site will be crushed and repurposed for uses such as road bases, landscaping, and backfill, according to international sustainability guidelines. By embedding international best practices, innovative technologies, and sustainability certification targets in all our projects, Diriyah Company aims to enhance environmental performance and sustainability credentials at the community and building levels.

Jerry Inzerillo, Group CEO of Diriyah Company said, “We are excited to begin bulk excavation works in the second phase of the Diriyah project, marking another key milestone in the development of The City of Earth. Progressing ahead of schedule, this excavation will enable smooth and efficient development of major cultural assets that will attract millions of visitors annually to Diriyah and inspire the world. As we move forward in creating a premier live-work-play destination, we encourage partners to join us on this journey”.

Yang Zhiyuan, CEO of China Harbour Engineering Company commented, “We are honored to collaborate with Diriyah Company on the execution of the Bulk Excavation Works project. We are confident in the success of this project, integrating the advantages of global resources, technical strength, equipment resources and an experienced management team. We will focus on environmental protection awareness and sustainable development concepts during implementation, ensuring the timely delivery of the project, contributing to the preservation of Diriyah’s heritage, cultural exchange and the development goals of Saudi Vision 2030.”

The contract is the latest awarded this year by Diriyah Company, following a $1.55bn joint venture for Qurain Cultural District, awarded last month in November; a $2.08bn contract for the Northern District, awarded in July; and another contract worth $2.13bn to build four luxury hotels and Royal Diriyah Equestrian & Polo Club in Wadi Safar, also in July.

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Emrill Energy have announced a partnership with Green Leaf Air conditioning Services to drive sustainability and cost-efficiency for Dubai and Sharjah’s property owners. The collaboration will reduce the carbon footprint of buildings and lower service fees for homeowners, setting a new standard for environmentally responsible and economically viable solutions, said a statement.

The companies said they have deployed the state-of-the-art Cooling-as-a-Service (CaaS) solution across seven residential and commercial sites in Dubai and Sharjah, with five more projects in the commissioning and handover stage, achieving significant results. This initiative has delivered energy savings in excess of 600,000kWh, equating to a reduction of 287t of CO2 emissions.

The solution combines customised on-site electromechanical upgrades with remote monitoring of over 200 operating parameters in real time. This data is analysed through their proprietary AI engine and Expert System to predict and address operational abnormalities before they escalate. Customers have reported visible energy savings and operational improvements immediately following implementation, demonstrating the solution’s rapid and measurable impact. The system also features an energy dashboard, providing customers with real-time visibility into the operational data and energy savings of their HVAC systems.

Shariq Ahmad, Associate Director at Emrill Energy said, “Through Emrill Energy’s collaboration with Green Leaf, we’ve proven sustainability doesn’t have to come at a premium. By harnessing cutting-edge technology and predictive maintenance strategies, we’ve not only reduced carbon emissions but also achieved direct cost savings for property owners. This partnership reflects Emrill Energy’s commitment to delivering energy-efficient solutions that align with the UAE’s vision for a sustainable future.”

Pramod Parasramka, Partner at Green Leaf Airconditioning Services commented, “Our proprietary Cooling-as-a-Service model is designed to transform the way cooling systems operate, ensuring efficiency and sustainability without compromising comfort or increasing cost. We are proud to partner with Emrill Energy to deliver measurable environmental and economic benefits to Dubai’s property owners and their communities. We now look forward to extending this offering to commercial properties and leasehold properties in this coming year.”

Through its commitment to sustainability, technological innovation, and continuous improvement, Emrill Energy continues delivering substantial energy savings and contributing to a greener, more sustainable future for the UAE.

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The Royal Commission for Riyadh City (RCRC) has announced that the Orange Line (Al Madinah Al Munawwarah Axis) began operating on 5 January 2025. The line stretches from east to west, with its stations spanning from Jeddah Road to the Second Eastern Ring Road, parallel to the Khashm Al Aan in the East, with a total length of 41km.

The launch of the Orange Line marks the completion of the phased rollout of all six lines of the Riyadh Metro network, in line with the roll-out plan announced at the project’s inauguration.

Starting at exactly 6AM, Orange Line passengers could access the following stations: Jeddah Road, Tuwaiq, Al Dawh, Harun Al Rashid Road, and An Naseem – an interchange station that links the Orange and Purple lines.

Separately, RCRC has announced the start of operations of three new stations on the Blue Line (Al Olaya – Al Batha Axis): Al Murooj, Bank Al Bilad, and King Fahad Library.

The operationalisation of all six lines of the Riyadh Metro network improve connectivity across the capital and ease travel for both residents and visitors, with operating hours from 6AM to 12AM.

Passengers may identify destinations and purchase tickets using the ‘Darb’ mobile application or ticket offices and self-service machines at the Riyadh Metro stations. For further information, people may contact the unified public transport Call Center at 19933 or visit the Riyadh Metro website or social media accounts.

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The UAE has significantly advanced its infrastructure sector during 2024, launching a series of vital projects that have been designed to meet the nation’s economic growth objectives and promoting development across various industries.

Key achievements include the historic start of commercial operations for Unit 4 at the Barakah Nuclear Energy Plant, marking its full delivery. The Barakah Plant is now generating 40TWh of electricity per year, providing up to 25% of the UAE’s electricity, clean and carbon-free.

Meanwhile, the Executive Committee of the Initiatives of UAE President has approved a major infrastructure package, which includes the construction of nine new dams, the expansion of two existing dams, and the development of various embankment barriers.

These measures will enhance infrastructure resilience to cope with climate change and increase water reserves by collecting rainwater and floodwaters with over eight million cu/m of storage capacity. The projects will be completed within 19 months and will also include the construction of nine water canals, totalling approximately 9km.

In the UAE capital, the Abu Dhabi Projects and Infrastructure Centre announced the Executive Council’s approval of 144 projects across the emirate. These projects will span a number of sectors, including housing and quality of life, education and human capital, tourism, and natural resources.

Among the key projects, the Integrated Transport Centre unveiled the 25km median islands project, designed to accommodate 8,000 -10,000 vehicles per hour in each direction.

Other projects include traffic enhancements on Musaffah Road (E30), Al Khaleej Al Arabi Street (E20), and the construction of new bridges on Abu Dhabi-Al Ain Road (E22) and 79th Street in Mohamed bin Zayed City.

Moreover, in Dubai, the new passenger terminal at Al Maktoum International Airport is set to become the world’s largest airport on completion, with a cost of US $34.85bn and a capacity to handle 260m passengers and 12m tonnes of cargo annually.

The airport will accommodate 400 aircraft gates and feature five parallel runways, as well as introducing a raft of new aviation technologies. The second Dubai project, the ‘Tasreef’ initiative, aims to develop the emirate’s rainwater drainage network at a cost of $8.17bn, increasing capacity by 700%.

The third project involves doubling the capacity of the Dubai Exhibition Centre, meaning that by 2033 it will be possible to increase the range of major events hosted annually from 300 to over 600. Also in Dubai, 2024 saw the opening of a key, two-lane bridge – spanning 1,000m – connecting Hessa Street to Al Khail Street, reducing travel time from 15 minutes to three minutes.

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Saudi Arabia’s National Water Company (NWC) has announced that it has started implementing water supply projects in Makkah at a cost of more than US $426mn. These projects are part of NWC’s strategies to develop the infrastructure of the water and environment sectors and increase the coverage rates in cities and governorates.

According to NWC, these projects will serve more than three million beneficiaries per annum. The new initiatives include implementation of main water lines running for 29km, which will serve 16 districts in Makkah.

The projects are: Ajiad 1 and 2; Al-Hajj Street; Al-Hamra; Al-Andalus; Al-Aziziyah; Batha Quraysh; Al-Khaleej; Al-Kawashk; King Fahd Neighborhood; Al-Maghmas; Al-Nozha; Al-Nawariyah; Al-Rashidiyah; Al-Salama; and Al-Zaher, in addition to supplying the Masar Destination project.

NWC pointed out that these projects aim to keep pace with the water needs in Makkah, increase operational efficiency in light of the increase in the number of visitors and pilgrims, in addition to serving the pilgrims and Umrah visitors during the Ramadan and Hajj seasons.

Once completed, these projects will enhance the infrastructure of the water and environmental sectors, ensuring continued operational efficiency and improving the quality of services provided to customers.

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ONE Development announced the start of construction on Laguna Residence, its flagship project with a total development value of over US $540mn, with ground being broken just 55 days after the launch.

Scheduled for completion and delivery in Q4 2027, Laguna Residence will be the region’s first fully AI-integrated residential community, redefining modern living with innovative, designed spaces that integrate technology and sustainability, all while prioritising the comfort and needs of residents. The development will feature twin towers connected by a podium-level lagoon and surrounded by landscapes, said a statement.

Ali Al Gebely, Founder & Chairman of ONE Development said, “We are here today celebrating breaking ground on this landmark project only 55 days after its launch. This dedication to expedience solidifies our commitments, not just to excellence in construction and design standards, but also to the community at large.”

“By integrating AI technology as a core value, we are creating a living environment that enhances daily life, offering unparalleled convenience and comfort. As we bring this vision to life, we are not only shaping a project but fostering a community that thrives in a space designed for modern living; one that supports the UAE’s ambition to lead as a global hub for innovation, sustainability, and quality of life,” he added.

Laguna Residence will offer over 40 amenities designed to promote wellness, cultivate a sense of community and social engagement and provide a diverse range of entertainment options. Units will cater for a variety of lifestyles with a broad range of contemporary studios to Skyhomes, all carefully designed to meet the aspirations of discerning residents and investors alike.

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The Sports Boulevard Foundation has signed an agreement with Riyadh Development Company, FTG Development, and Jadwa Investment Company to set up a US $930mn mixed-use private real estate development fund. The fund will help the development of the private plots within Urban Wadi, one of Sports Boulevard’s destinations.

This marks the second investment fund launched by Sports Boulevard, following the announcement of the real estate investment fund within the Promenade destination. This fund represents a unique partnership model between the public and private sectors. It is also set to attract Foreign Direct Investments, thereby enhancing Riyadh’s position as a global destination for attracting investment and urban development.

Structured as a private closed-ended fund, Sports Boulevard Development Company will be the majority unit-holder, while Riyadh Development Company and FTG Development will serve as both co-investors and developers. Jadwa Investment Company will manage the fund.

Located in one of Riyadh’s prime areas, the Urban Wadi High Rises development will have a total gross floor area (GFA) exceeding 207,000sqm, and the project will adhere to the Sports Boulevard Design Code, inspired by the principles of Salmani architecture. This landmark development underscores Sports Boulevard’s commitment to fostering world-class urban environments, while driving investment and economic growth in Riyadh.

Jayne McGivern, CEO of the Sports Boulevard Foundation said: “Establishing a real estate investment fund and the strategic partnership it entails is a significant step toward enhancing urban development. I’m delighted to welcome inward investment into Sports Boulevard. This fund reflects our unwavering commitment to the Sports Boulevard project and our vision of improving the quality of life in the city. We aim to transform Riyadh into one of the best cities in the world, contributing to regional growth and successfully achieving the overarching goals outlined in the Saudi Vision 2030.”

“Through collaboration with our partners, we will be able to provide Sports Boulevard’s Urban Wadi destination with world-class facilities that will guarantee a positive impact in all areas related to Riyadh’s community. This includes creating new job opportunities and enabling the city’s residents to adopt a lifestyle based on making healthier and more sustainable choices. I’m confident that our partnership will contribute to reshaping the general landscape in Riyadh.”

Jehad Alkadi, CEO of Riyadh Development Company commented, “We are proud to announce the establishment of a real estate investment fund as part of our strategic partnership with the Sports Boulevard Development Company. This investment will support the common goal of the Sports Boulevard Project by providing world-class facilities to the residents and visitors of Riyadh. It will also play a major role in supporting the kingdom’s efforts to achieve the goals of Saudi Vision 2030.”

Urban Wadi will be home to a low-flow water canal surrounded by lush greenery. The water canal is constantly recirculated, used in fountains, and for the natural cooling of the destination. It also includes pathways for pedestrians and cyclists, bridges, a large shading structure of 10,000sqm with shops and restaurants, play areas for kids, a kayaking zone, multiple sports courts, and event spaces.

The Sports Boulevard project extends for more than 135km on Prince Mohammed bin Salman bin Abdulaziz Road, connecting Wadi Hanifah in the West with Wadi Al Sulai in the East through a grid of safe green pathways for pedestrians, cyclists, and athletes. The project includes more than 4.4m sqm of greenery and open spaces, with 50 multidisciplinary sports facilities. In addition, there are several unique destinations and investment zones, within a total area that exceeds 3m sqm.

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