Unveiling the Future: Key Developments in MENA Real Estate

The MENA real estate market remained busy in June. A variety of exciting announcements and insights meant continued growth and optimism prevailed throughout the region. Here’s a breakdown of the key events we explored at Cityscape Intelligence in June 2024.

• Midad Real Estate unveiled the luxurious and innovative Four Season Private Residences Jeddah.
• Turner & Townsend uncovered how Saudi Arabia’s Giga-projects are driving up construction costs, creating a need for digital innovation and solutions.

• Swiss-Belhotel International launched the Swiss-Belresidences Rivan, expanding the companies presence in the MENA region.
• We explored how District 5 New Cairo by MARAKEZ is creating an attractive and well-being focused development in Egypt.

• We uncovered how Bahrain is tackling many opposing forces in its real estate market. While there is a focus towards low-income housing support, the Bahraini government opposes broad first-time buyer fee waivers.

• Acube developments revealed Electra, an upcoming luxury 38-story tower in JVC
• Dar Global unveiled The Astera with interiors by Aston Martin, a luxury branded residence in Ras Al Khaimah with superb design and amenities.
• Stake digital platform joined the Dubai Land Department’s REES initiative, enhancing real estate proptech and accessibility to democratise property investment globally.

• Kuwait secured $564m in infrastructure deals for Sabah Al Ahmad City

• We explored the importance of streetscapes and the role they are having in enhancing urban spaces.

• A range of key CityscapeWIRE experts weigh in on why climate mitigation is vital for smart city planning in the city of the future.

With June bringing many new high-end projects, announcements, and developments, the MENA real estate market remains strong. So, as the summer temperatures continue rising, the market is well set up for further growth too. Stay in touch with us at Cityscape Intelligence for more updates as we explore the latest events and announcements throughout the MENA real estate market.?