Iraq
Project 1: Golf Resort
Value: $1,500,000,000
Client: Eagle Hills
Website: www.eaglehills.com
Project Description: Eagle Hills Properties, an Abu Dhabi-based private real estate investment and development company, has announced the completion of the land acquisition for its latest project, Baghdad Golf and Spa, located in the heart of Baghdad. This outstanding development, estimated at $1.5 billion, will include a five-star hotel, a unique residential community, an extraordinary golf course and a private resort club. Baghdad Golf and Spa is destined to become a renowned landmark in the Iraqi capital, blending modern luxury with the region’s rich cultural heritage.
Saudi Arabia
Project 2: Construction of Residential Units
Value: $347,000,000
Client: Sumou Real Estate Company
Website: www.sumouholding.com
Project Description: Sumou Real Estate Company has signed an agreement with Jubail and Yanbu Industrial City Services Company (Jabeen) to build 1,104 residential units in Yanbu Industrial City. The contract will be effective from the date of signing on July 2, 2024, while the development and implementation period is 36 months. The project is expected to have a positive impact on the results of Sumou Real Estate from the project development and implementation work.
State of Qatar
Project 3: Salt Production Plant
Value: QAR 275,000,000
Client: Qatar Energy Company
Website: www.qatarenergy.qa
Project Description: Qatar Energy Company announced plans to build a state-of-the-art salt production plant in the Umm Hur region, an important step to strengthen industrial localization and economic sustainability. The project is a joint venture between Qatar Industrial Manufacturing Co., Ltd. Mesaieed Petrochemical Holding Company (MPHC), and other strategic partners.
The innovative facility will utilize reverse osmosis desalination unit recycling to convert wastewater into a valuable resource. With an annual production capacity of 1 million tons, the project will significantly reduce Qatar’s dependence on imported raw materials, replacing the current annual import of 850,000 tons of edible and industrial salt.
Project 4: Construction of Astera
Value: $245,000,000
Client: Dar Global
Website: www.darglobal.co.uk
Project Description: Dar Global, a London-listed luxury real estate developer, has unveiled The Astera, a new seafront residential development in Ras Al Khaimah, UAE. The project marks the first time Aston Martin’s international design team has committed to a real estate development in the Middle East. The seafront property, which will be completed in December 2028, will become a new landmark on the Arabian Sea for fans of the legendary sports car brand.
The complex will feature spacious one, two and three-bedroom apartments, as well as three-bedroom villas, with the added luxury of a hidden private beach. Aston Martin interiors are infused with British ingenuity, designed to create a seamless combination of bespoke style, cutting-edge materials, carefully crafted artistry and unparalleled practicality, with the ultimate goal of becoming one of the most desirable seafront homes in the world.
Project 5: One Park Central Project
Value: $191,000,000
Client: Iman Developers
Website: www.imandevelopers.com
Project Description: Dubai-based luxury project developer IMAN Developers has announced the groundbreaking of its $191 million One Park Central project, a mixed-use development located in Jumeirah Village Circle. The development consists of a basement, a ground floor, five parking floors, 23 residential floors and a rooftop, and will house 482 residential apartments, 38 commercial units, 6 retail spaces and 60 premium facilities.
One Park Central is expected to be completed in the second quarter of 2027. The project will offer residential units ranging from studios to 4-bedroom apartments, with prices ranging from AED 650,000 to AED 3 million.
Project 6: Dubai Harbour Bridge
Value: $117,360,000
Client: Roads and Transport Authority
Website: www.rta.ae
Project Description: Roads and Transport Authority (RTA) has partnered with Shamal Holding to build a direct entry and exit point for Dubai Harbour. The plan involves the construction of a 1,500-meter-long bridge with two lanes in each direction, connecting Sheikh Zayed Road to Dubai Harbour.
The bridge will have the capacity to accommodate 6,000 vehicles per hour and will reduce travel time from 12 minutes to 3 minutes. The new bridge project aims to facilitate traffic in and out of the area by providing direct access from Sheikh Zayed Road.
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