Property, infrastructure, engineering and materials
UAE developer Ohana Development has officially broken ground on the AED 15 billion ($4.08 billion) Manchester City Yas Residences along Yas Canal in Abu Dhabi. The 1.67 million-square-metre waterfront development will deliver more than 2,000 residential units and a sports training academy in phases by 2029. An on-site Experience Centre was also launched alongside the ground-breaking ceremony.
Dubai registered 131 sales of homes priced at US$10 million or above in Q2 2026, totaling US$2.17 billion, reflecting a 27 percent decline from the prior quarter. Knight Frank data reported by BriefAsia shows Hong Kong significantly narrowed the transaction gap with Dubai during the same period. The change comes as geopolitical tensions affect Middle East market sentiment and buyers diversify holdings into Asia.
The Modern Buildings Summit Dubai 2026 will take place on October 14–15, 2026, at Dusit Thani, Dubai. The summit brings together GCC built environment leaders to discuss smart building technologies, decarbonisation, and energy efficiency. Agenda topics include retrofitting, artificial intelligence, building automation, and net-zero building operations.
The Modern Buildings Summit Dubai 2026 is scheduled to take place on 14–15 October 2026 at Dusit Thani, Dubai. The event will convene built environment professionals and decision-makers from across the GCC to discuss green building strategies, low-carbon development, and net-zero technologies. World Business Outlook serves as the official media partner for the industry gathering.
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