Spotlight on MENA

Where Lifestyle Meets Retail

From ultra-modern malls to lifestyle-driven mixed-use destinations, retail real estate projects across the MENA region are reshaping the way people shop, dine and socialise. As global brands expand and local developers innovate, these new spaces are redefining retail as an experience, not just a transaction. Over the coming pages we delve into the new wave of projects sweeping across the territory.

The Middle East and North Africa (MENA) region has long been recognised as a dynamic hub bridging East and West, marked by rapid urbanisation, ambitious economic diversification strategies and a young, tech-savvy population. Over the past two decades, it has undergone a profound transformation, with cities such as Dubai, Riyadh, Doha and Cairo emerging as global centres of commerce, culture and innovation. This energy has created fertile ground for the evolution of the retail real estate market, a sector that not only reflects consumer demand but also plays a central role in shaping lifestyles and cityscapes.

Retail in the MENA region has moved far beyond traditional shopping malls. Today, the focus is on mixed-use developments that seamlessly blend retail, leisure, hospitality and entertainment. These projects are designed not only to serve as commercial hubs but also as lifestyle destinations, offering experiences that resonate with both residents and international visitors. From luxury fashion districts and waterfront promenades to futuristic mega-malls and community-centric shopping centres, retail real estate projects are redefining the way people engage with urban spaces.

The sector is being driven by several converging forces. Governments across the region are prioritising diversification away from oil, with retail and tourism positioned as strategic pillars of growth. International brands are expanding their presence, eager to tap into a young demographic with high purchasing power and a growing appetite for global trends. At the same time, local developers are introducing innovative concepts that blend tradition with modernity, catering to evolving consumer expectations.

As the retail landscape continues to shift, MENA’s real estate projects stand as a testament to the region’s ambition: to create world-class destinations that combine commerce with culture, shopping with experience and architecture with identity.

Projects Across the MENA Region

Middle East, 

Bahrain
Phase two of The Avenues – Bahrain launched earlier this year, with the premier waterfront shopping and entertainment destination now home to an additional 41,200sq m of retail space. The $200M expansion brings the total leasable area across both phases to approximately 80,000sq m. Completed by developer Bareeq Alretaj, with designs by Gensler and construction by Nass Contracting, phase two introduces 237 new retail units, two entertainment areas, an ice rink and a supermarket, along with basement parking facilities. It also features an extended promenade, adding 600m along the west of Manama’s seafront to create a 1.3-km waterfront experience, making it the largest shopping and entertainment destination of its kind in Bahrain. Adjacent to the phase two expansion, a Waldorf Astoria hotel is planned for completion by 2028, further enhancing the site’s appeal as a luxury destination. The Waldorf Astoria Bahrain Bay will feature 120 elegantly designed rooms and apartments.

Bahrain Marina Development Company has announced the successful completion of 50 per cent of Phase One of its flagship waterfront development, Bahrain Marina – a key milestone that reflects the company’s steadfast commitment to delivering one of the Kingdom’s most ambitious urban lifestyle destinations. The project remains on track for handover in the final quarter of 2026. Among the notable achievements is the ongoing construction of the Bahrain Marina Residence Tower, a signature luxury residential building within the development. The tower has now reached its 15th floor out of 20, with 25 per cent of construction works completed, an architectural milestone that further enhances Bahrain’s modern skyline and reinforces the project’s reputation as a premium address. Set along the eastern shoreline of Manama, Bahrain Marina spans over 250,000sq m, transfowrming prime coastal land into an integrated urban retreat. Once complete, the project will offer freehold luxury residences, a five-star hotel, a world-class yacht marina, a premium marine club, expansive green areas and a vibrant retail and dining promenade. This fusion of waterfront leisure, elegant living and dynamic commercial offerings will position Bahrain Marina as a benchmark for sophisticated coastal development in the region.

Kuwait
The Aventura project in Jaber Al-Ahmad embodies a future vision for development projects in Kuwait, as it is considered one of the sustainable community projects currently under construction within the partnership between the private and public sectors. Developer Mabanee, along with an alliance that includes the National Industries Group and the Privatization Holding Company, is developing the project located within the development of Jaber Al-Ahmad City. The project’s design vision stems from creating a new destination with a contemporary identity and an opportunity to enjoy living in a modern, vibrant city, in which the most prominent elements of the inspiring urban environment are harmonised, including residential elements and many facilities and services such as gardens as well as commercial elements. Aventura Residences is distinguished by its proximity to the commercial component Aventura Mall, which extends over a built-up area of 295,000sq m and a total leasable area of 108,200sq m. As for Aventura Mall, it has been designed with international standards to be a contemporary symbol of Jaber Al-Ahmad City, in order to attract visitors from all over Kuwait, as it will incorporate many stores and international brands such as retail stores, restaurants and various cafes to add a distinct shopping and entertainment experience. The entire project is expected to be completed in the second quarter of 2026.

Oman
Oman Tourism Development Company (Omran) and Diamond Developers have joined forces to develop a world-class, mixed use project that meets the highest standards of social, environmental and economic sustainability. Perched on the picturesque coastline, overlooking the Gulf of Oman, The Sustainable City Yiti (TSC Yiti) brings together a pioneering vision of sustainability and an unparalleled quality of community living to Oman. The project, designed to improve quality of life for residents, makes no compromises on the needs of future generations. Directed by some of the best thought leaders in the world, TSC Yiti presents opportunities for research and learning, empowering residents to lead the change towards minimising our carbon footprint, realising the goals of the future today. Using clean energy, water & waste recycling, food production, clean mobility and better air quality, Oman’s first net-zero energy city will keep people at its heart. The Sustainable City Yiti follows the blueprint for low carbon living that was pioneered by the first Sustainable City in Dubai in 2016 as it works towards full opening next year.

Last month Wujha Real Estate Development unveiled two landmark projects. These projects embody Wujha’s vision of redefining the property landscape with developments that combine architectural excellence, long-term investment value and an integrated modern lifestyle. Firstly, Uptown Muscat introduces a new benchmark for premium living, designed as a mixed-use community that integrates residential, retail, leisure and entertainment into one cohesive destination. Strategically located in Knowledge Oasis Muscat one of the Sultanates leading economic and educational hubs the project offers modern apartments and luxury duplexes with smart designs and hotel-style finishes. Beyond residences, Uptown Muscat features a vibrant boulevard with outdoor cooling, lined with cafés, restaurants and retail outlets, creating a unique environment for families, professionals and expatriates. Meanwhile, Central 7 sets a new standard in Oman’s commercial property sector, offering freehold ownership of office spaces built to international specifications. Designed with flexible layouts and advanced infrastructure, it supports innovation and entrepreneurship in the heart of Muscats main commercial corridor. Its mixed-use concept integrates business, retail, and leisure spaces, while an innovative outdoor cooling system ensures year-round comfort for visitors.

Qatar
Successfully launched on 15 April 2022, Place Vendôme is a multi-billion Qatari Riyal mixed-use development in Lusail, Qatar that has quickly set a new benchmark for retail experiences in the region. With a vision of enhancing Qatar’s developing retail ecology, the luxury mall was designed to be a high-end lifestyle destination. In line with the country’s goals of becoming a world-renowned centre for shopping, hospitality and entertainment, the concept is set to further solidify its position as a leading choice for international travellers and high-net-worth individuals. As it celebrated its third anniversary earlier this year, it has become apparent that the site has established itself as a leading retail and leisure destination that attracts Qataris, Qatar residents and international visitors alike.

Qatar is set to revolutionise its retail landscape with the launch of its first-ever outlet mall, Qatar Outlet Village, coming soon to Qetaifan Island. This iconic destination promises an unforgettable blend of shopping, dining and entertainment, making it the GCC’s largest outdoor shopping destination. Spanning over 150,000sq m, the Qatar Outlet Village will feature over 100 outlets with luxury global brands, canal-side cafes, fine-dining restaurants and a vibrant festival plaza, all designed for an immersive visitor experience. Under development by Qetaifan Projects and set to open soon, this landmark venue is designed to be both a retail paradise and an all-day family destination.

The Simaisma project, being developed by Qatari Diar, is located 40km away from north of Doha and will provide novel tourist and entertainment experiences to the people of Qatar and its visitors. Spanning eight million square metres and extending along seven kilometres of pristine beachfront on Qatar’s eastern coast, Simaisma will offer unique all year round experiences with outdoor air conditioning technology. The project will provide promising investment opportunities, with 16 tourism zones available for development, including resorts that spread out over four zones, each with a unique design and character. In addition, the project will feature a 650,000sq m Land of Legends, Trump International Golf Club with signature 18-hole golf course and branded residences, residential villas, a yacht marina, as well as luxury restaurants and retail. Sustainability will be a fundamental pillar of the project, with reliance on smart systems, in addition to the use of local and recycled materials, as well as the latest in construction technology. It is reported that the opening date is set for 2028.

Saudi Arabia
A place of extraordinary human and natural heritage, AlUla invites visitors to come on a journey through a living museum of preserved tombs, sandstone outcrops, historic dwellings and monuments, both natural and human-made, holding 200,000 years of largely unexplored human history. Being developed by the French Agency for AlUla Development (Afalula) and the Royal Commission for AlUla (RCU), AlUla is at the forefront of the Vision 2030 plan initiated by the Saudi government to modernise the country, with the project part of a series of major schemes to diversify its economy and raise its profile from an international perspective. AlUla is set to be a flagship project in terms of sustainable development, focused on the absolute preservation of the environment, respectful of history and inclusive of local populations.

Soudah Peaks, located 3,015m above sea level, is a luxury mountain tourism destination in Saudi Arabia, spanning 627sq km across Soudah and parts of Rijal Almaa. The project aims to attract over two million visitors annually by 2030 and create over 1,000 jobs by 2033, contributing $7.8bn to the Kingdom’s GDP by 2033. The development will include six zones – Red Rock, Tahlal, Sahab, Sabrah, Jareen and Rijal – with 2,700 hospitality keys and 1,336 residential units. It will feature over 30 attractions, including adventure activities, wellness retreats and cultural experiences.

Al Othaim Investment, a diversified group spanning real estate, entertainment, F&B, cinema, residential, hospitality, fashion and sports has achieved remarkable success with its launch of numerous state-of-the-art development projects. The company has recently embarked on a new development strategy which will see them deliver 23 new mixed-use developments in the next five years. One of the projects currently in the works is Al Othaim Park Dammam, a development that is located in a diverse area close to other residential, retail and healthcare centres, on the main highway (King Fahad Road) from the airport to the city centre and on to the Causeway bridge. A people-first lifestyle destination, it will offer access to green, tranquil spaces and be paired with an engaging retail offering of around 150,000sq m of retail, F&B, sports and entertainment GLA. The retail development will be the largest in the Eastern province and one of the largest in the Kingdom with over 400 shops and restaurants spanning over four levels. Annexed to the mall will be 650 residential units, 250 five-star hotel keys and 50 commercial office units.

Meanwhile, King Salman Energy Park (SPARK) is an industrial hub in Eastern Saudi Arabia, established to connect global businesses to opportunities in the Saudi energy sector. Inaugurated in 2018 by Crown Prince Mohammed bin Salman, SPARK provides a range of solutions to support energy-related businesses. The development aims to diversify Saudi Arabia’s revenue streams and promote clean energy technologies. It will include a dedicated logistics zone and dry port to facilitate the movement of goods.

London-listed Saudi real estate developer Dar Global has acquired a 28,800sq m plot in Jeddah to develop a $1bn mixed-use project with luxury residences, retail, offices and serviced apartments. The development will form a key addition to Jeddah’s transformation and supports Saudi Arabia’s Vision 2030, contributing to the Kingdom’s evolving urban landscape with internationally benchmarked design and architecture. The project is strategically located near Jeddah’s lifestyle and entertainment districts, designed to enhance the city’s position as a hub for investment, business and modern living. The project is set to become both a landmark address for the city and a gateway to the region’s future growth as an international destination for living and investment.

On 4 May 2025, Cenomi Centers and Unibail-Rodamco-Westfield (URW) signed a 10-year exclusive strategic and franchising partnership agreement, with the option to extend for another 10 years, covering the Saudi Arabian shopping centre market, demonstrating Cenomi Centers’ unwavering commitment to strengthening its leadership position in KSA and the MENA region. Through this new partnership, at the end of this year, developer Cenomi Centers is set to launch Westfield Jeddah by Cenomi Centers, which will be a new flagship development from the company and when it opens, it will become the number one mall in Jeddah for footfall and spend. The project is on course to feature 108,000sq m of GLA, more than 300 brands and over 50 flagship sites, more than ten first to Jeddah brands, three food & beverage zones and world-class entertainment.

The Jeddah Central project by developers Jeddah Central Development Company, a wholly-owned subsidiary of the Public Investment Fund stands out for its strategic location and distinctive space, situated on an area of 5.7 million square metres in the centre of Jeddah. The project intends to establish a world destination, capitalising on Jeddah’s geographical location on the Red Sea coast and proximity to Makkah and Madinah, popular year-round tourist and pilgrimage destinations. This massive project will be implemented in three major phases, the first of which will be completed by the end of 2027. At this point, the project will begin welcoming Jeddah residents and visitors from within and outside the Kingdom.

The Jeddah Economic Company has resumed construction on the Jeddah Tower project, which will exceed 1,000m in height, making it the tallest building in the world, surpassing Dubai’s Burj Khalifa by over 172m. The JEC has begun the bidding process for contractors to complete the structure, with companies from Saudi Arabia, South Korea, China and other countries invited to submit proposals, including potential joint ventures. The Jeddah Tower will be the focal point of the Jeddah Economic City development, covering 1.5sq km. The tower will feature luxury residential units, offices, hotels such as Four Seasons and condominiums. It will also include amenities like shopping malls, restaurants, tennis courts and the world’s highest observation deck.

On course to open by Q4 of 2027 by developer Mabanee, The Avenues – Khobar extends across a GLA of 175,000sq m, the project will encompass eight districts, namely The Plaza, Grand Avenue, Town Square, The Souk, Electra, The Mall, Urban Walk and The Gardens, in addition to exciting entertainment spaces and 10 cinemas, as well as two towers, the first tower will include the Canopy Hotel and the other will include offices and parking spaces that can accommodate more than 6,000 vehicles. The Avenues – Khobar will feature a modern and unique design that reflects the nature of the Eastern Province, including two towers, the first of which is the Four Seasons and the second tower Hilton Canopy. The development will include the best standards for preserving the environment and energy and includes the elements of sustainability in alignment with the Kingdom’s vision.

Umm Al Qura for Development & Construction, under the Public Investment Fund, is the owner and developer of the Masar destination that works with a developmental vision to elevate the urban and investment landscape of Makkah through pioneering the development of the destination and exploring new avenues to help improve the quality of life for Makkah residents, pilgrims and visitors. Extending over 1.2 million square metres and with its strategic location at the centre of Makkah, Masar will be a distinctive landmark, enhancing the quality of life of the people of Makkah and its guests through a diverse range of offerings that vary between hospitality, mobility, retail, culture, entertainment and more.

The Rua Al Madinah Project, in alignment with Saudi Vision 2030, aims to enhance the lifestyle and spiritual atmosphere for visitors to Al-Madinah Al-Munawarah. The project focuses on improving accommodation near the Prophet’s Mosque, offering top-tier hospitality and enhancing the quality of life and well-being of visitors. Its design is inspired by the city’s heritage, highlighting its religious, cultural and historical importance. The project also aims to create tens of thousands of job opportunities for local residents, prioritising Saudi talent. It includes integrated hospitality projects, cultural centres, retail stores and green spaces.

The Hayat Mall by developer Alandalus Property is located on King Abdul-Aziz Road in a highly populated area which is home to a large amount of commercial and architectural activity and is a main shopping area for most of the local residents. Spread across an area of 150,000sq m, the mall is home to more than 400 shops on an area of 90,032sq m of GLA and parking spaces that can accommodate up to 2,458 cars. The idea behind this renovation was to create the best destination and best possible experience for visitors to the mall. Elements of interest in this project are the new design work that supports the opportunities for social gatherings, transforming the mall into an unexpected urban experience and re-activating cold circulation zones and creating new use areas.

Scheduled to open by Q4 2026, The Avenues – Riyadh is located at the heart of Saudi Arabia in the North of Riyadh City, in a prime position overlooking the intersection of King Salman Road and King Fahad Bridge and extends across a total built up area of 1.8 million square metres. Under development by Mabanee, the scheme is expected to become one of the most prominent investment and commercial destinations in the Middle East with a gross leasable area of around 370,000sq m and will comprise a large mall and five towers. The first tower will include offices, the second tower the Waldorf Astoria Hotel, the third tower residential apartments, the fourth tower the Canopy Hotel and the fifth tower the Conrad Hotel. The project will also encompass parking space for 15,000 vehicles. As for the mall component, it will include 19 cinema halls and nine districts: namely Grand Avenue, Prestige, Grand Plaza, The Forum, Electra, The Souk, The Mall, The Walk and The Oasis. The Avenues – Riyadh reflects the Salmani Architecture, which is characterised by an architectural style that embodies originality and modernity inspired from the past with renewed developmental moulds to reflect its presence in the heart of Najd in Riyadh. It will also feature modern designs within the mall with sustainable and green elements that emulate the vision of the Kingdom.

Back in July, LWK + PARTNERS, proudly presented Pulse Wadi, Saudi Arabia’s pioneering national technology and cybersecurity district. The project represents a bold vision for the future, aligning with Saudi Arabia’s Vision 2030 and setting a new benchmark in sustainable urban development. Pulse Wadi spans an impressive 600,000sq m with a Gross Floor Area (GFA) of 1.14 million square meters and a budget of AED12.1bn. Pulse Wadi is strategically positioned on the outskirts of Riyadh, leveraging its proximity to national infrastructure networks and offering a distinctive, future-ready environment. Anchored by a state-of-the-art government complex, the district will house two iconic headquarters, several cultural institutions and a dynamic cyber-research community – positioning it as Saudi Arabia’s very own Silicon Valley. At the heart of the district lies the Central Wadi Plaza – an inclusive events space designed as a cultural and democratic symbol for the people of Riyadh, honouring the rich Najdi heritage, while unifying all access points and the various tiers of commercial, recreational, retail and F&B functions – truly the heart of the development. Developed in partnership with governmental and semi-governmental entities, the project aligns with Saudi Arabia’s Vision 2030 and forms part of a wider strategy to diversify the Kingdom’s economy and drive forward sustainable urban planning.

A project by Cenomi Centers that is on course to open in the first half of 2026 is Westfield Riyadh by Cenomi Centers, which will be a watershed moment in lifestyle experiences in the Kingdom, as developer Cenomi Centers pursues an ambitious growth pipeline to develop next-generation retail and lifestyle destinations. The project will combine stunning designs with the best luxury and fast fashion retail brands and dining options, as well as futuristic entertainment, events and experiential offerings supported by technology-led customer services to create an experience like no other. The development will offer 185,000sq m of total mixed-use space, including 65,000sq m of office space and will boast over 300 stores, restaurants, a lifestyle and co-working space along with over 50,000sq m of prime office space. It will bring luxury, lifestyle brands, entertainment and dining at a scale not seen before in the Kingdom.

Diriyah is the home of the At-Turaif UNESCO World Heritage Site, a beautifully preserved mud-brick city that was the birthplace of the Kingdom of Saudi Arabia, the capital of the First Saudi State and the original home of House Al Saud. Combining traditional Najdi architectural styles with modern urbanism, Diriyah is a place that emotionally connects with visitors and celebrates the destination’s rich heritage, revealing the origins of modern Saudi Arabia and the spiritual values it is rooted in. This $62.2bn project is being developed by Diriyah Company under the Public Investment Fund to offer a unique opportunity to visit, live, work, shop, dine and celebrate the wonder of the birthplace of the Kingdom’s rich heritage and culture.

Located in the heart of the Saudi capital, Riyadh, the King Abdullah Financial District (KAFD) is a transformative mixed-use development that merges the world of business and lifestyle and sets new benchmarks in urban living, smart city technologies and sustainable development, designed to transform how urban communities live, work and play. Spanning 1.6 million square metres, the Kingdom’s first vertical city is home to 95 buildings across five asset classes, featuring Grade-A office spaces, upscale residences, diverse commercial and retail areas, luxury hospitality and vibrant entertainment venues, all interconnected and walkable within 10-minutes. The scheme remains under development by King Abdullah Financial District Development and Management Company.

The King Abdullah International Gardens are designed to become a global centre for the study of climate change, showcasing ecotopes from history and the present day. Located in the Saudi Central Region, the gardens will re-create the 400 million-year history of plant evolution. The project, set to open this autumn, aims to be the largest temperature-controlled botanical gardens in the world, spanning 10ha within crescent-shaped biomes. The gardens will highlight the environmental changes that have shaped the region, illustrating the natural cycles and the impact of climate change.

King Salman Park was launched by the Custodian of the Two Holy Mosques, King Salman Bin Abdulaziz Al Saud on 19 March 2019. The King Salman Park Foundation, responsible for the construction and operation of the park, is chaired by HRH Prince Mohammed Bin Salman Bin Abdulaziz, Crown Prince and Prime Minister. The Park aims at providing a variety of sports, cultural, artistic and recreational options to the residents and visitors of Riyadh, therefore, improving the quality of life in the city in line with Saudi Vision 2030’s goals of a vibrant and healthy society and raising Riyadh’s global ranking. King Salman Park is currently being built on more than 16sq km and will become the largest urban park in the world when complete, offering a wide range of options and quality activities for the city’s residents and visitors.

Mohammed Bin Salman Nonprofit City “Misk City” is the first nonprofit city of its kind, founded to host the ecosystem of Mohammed bin Salman Foundation “Misk”. Being designed as a 15-minute city, visitors can reach everywhere in Mohammed Bin Salman Nonprofit City by car, bus, metro, bike and even on foot. Once completed, it will deliver some 99,000sq m of retail and leisure space alongside 300,000sq m of office space and 6,500 new residential units alongside extensive cultural, educational and sporting facilities. The scheme is under construction by the Mohammed bin Salman Foundation (Misk Foundation).

New Murabba is scheduled to be completed by 2030 and will feature a series of immersive experiences tapping into culture, commercial spaces and residences. The project will cover an area of 19sq km and have over 25 million square metres of floor area. The development will boast 104,000 residential units, 9,000 hotel rooms and 980,000sq m of retail space. At its heart, “The Mukaab”, will encompass a tower atop a spiral base and a structure featuring two million square metres of floor space. The overall project is being developed by New Murabba Development Company and is one of the Public Investment Fund’s most recent schemes.

Launched in 2018 by King Salman bin Abdulaziz, Qiddiya City is a global entertainment, sports and culture hub in the making. The project will be a vibrant and liveable destination city based on the pillars of entertainment, sports and culture. Family-friendly theme parks, sports arenas suitable for international competitions, concert and entertainment venues and outdoor activities are just some of the attractions being developed. Qiddiya will also include a variety of real estate options and community services. Being developed by the Qiddiyah Investment Company, this multi-billion-dollar entertainment destination in Riyadh is set to become the world’s largest entertainment city.

The Board of Directors of the Sports Boulevard Foundation, chaired by HRH Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, Prime Minister and Chairman of the Board of Directors of Sports Boulevard Foundation, announced the opening of the first phase of the Sports Boulevard project in Riyadh in February. This milestone includes five key destinations, Wadi Hanifah and the Promenade, the section at the intersection of Prince Mohammed bin Salman bin Abdulaziz Road and Prince Turki bin Abdulaziz Al-Awwal Road, the Princess Nourah bint Abdulrahman University internal loop and the first phase of Sands Sports Park. The first completed destination of the project is Wadi Hanifah, situated in western Riyadh. Spanning 13.4km, it features pedestrian pathways, cycling and equestrian trails, green spaces and designated rest areas. Seamlessly connecting Wadi Hanifah to the Promenade is the Cycling Bridge, one of the project’s most iconic landmarks. The Promenade itself stretches 4km and adheres to the Sports Boulevard’s urban design code, inspired by the principles of Salmani architecture. It offers dedicated cycling paths for both professionals and amateurs, complemented by rest stops for cyclists, lush green spaces, water features, walking trails, children’s playgrounds and a selection of retail outlets and specialised centres for bicycle rentals and accessories.

NEOM, arguably the most well-known megaproject, is the land of the future where the greatest minds and best talents are empowered to embody pioneering ideas and exceed boundaries in a world inspired by imagination. The distinct regions and sectors that will encompass NEOM are being fuelled by USD500bn from the Public Investment Fund of the Kingdom of Saudi Arabia and local and international investors. NEOM will become a community powered by talent and diversity across 15 sectors. NEOM will be built on care, curiosity, diversity, passion, respect and becoming a catalyst for change.

Red Sea Global is behind The Red Sea, another megaproject in Saudi Arabia with a focus on eco-tourism. Formerly known as the Red Sea Project, The Red Sea is directly employing 35,000 people and the project showcases the landscape and rich cultural heritage of the Red Sea Coast. Upon completion in 2030, the destination will comprise 50 resorts, offering up to 8,000 hotel rooms and more than 1,000 residential properties across 22 islands and six inland sites. Development has been limited to accommodate no more than one million visitors a year to preserve the ecosystem at The Red Sea. The destination will also include luxury marinas, golf courses, entertainment, leisure facilities and an international airport.

Launched in 2020, ROSHN is dedicated to supporting the ambitious goal of 70 per cent homeownership by 2030 and is doing so by making positive contributions to the nation’s real estate and infrastructure sectors. A project under the Public Investment Fund, ROSHN is blazing a trail as the Kingdom’s premier real estate enabler, dedicated to enhancing the quality of life for all citizens. ROSHN is changing the urban landscape of Saudi Arabia, introducing energy-efficient and pedestrian-friendly communities that encourage a better quality of life. Driven by technology, innovation and sustainability, ROSHN is building integrated communities at an unprecedented scale, with a land bank of over 200 million square meters.

Saudi Downtown Company will enhance the quality of life and become the catalyst for economic activity in 12 cities across Saudi Arabia by rapidly enhancing their downtown areas. Launched in 2022 by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister, the Saudi Downtown Company is a wholly-owned subsidiary of the Public Investment Fund and is guided by the Fund’s strategy to foster social and economic development and create new opportunities for people and businesses in the Kingdom. Through the development of modern mixed-used downtowns and destinations with diverse local cultures, the Saudi Downtown Company is working to expand the capabilities of the Kingdom’s most promising sectors as part of a push to diversify the economy and drive non-oil GDP growth.

Saudi Entertainment Ventures (SEVEN) and Qiddiya Investment Company (QIC) have combined to become a lifestyle and entertainment giant in Saudi Arabia. SEVEN will continue to redefine the concept of entertainment in Saudi Arabia and elevate the entertainment experience for visitors by developing and operating 21 entertainment projects in 14 Saudi cities. Later this year, Six Flags will be branching out from North America with its first international theme park slated to open on the outskirts of Riyadh, Saudi Arabia, by the end of 2025. The latest venture touts a grand total of 28 rides and attractions divided across six themed lands, with five of the rides on track to break records. At the same time, a water park tipped to be the largest in the Middle East is under development as part of the wider Qiddiya City entertainment complex.

THE RIG is an adventure tourism destination located on an offshore platform in the Arabian Gulf. Announced in 2021, it is the world’s first adventure tourism project of its kind, inspired by offshore oil platform designs. The project is led by Oil Park Development Company (OPDC), in alignment with the Public Investment Fund’s Strategy 2021-2025. Spanning over 300,000sq m, THE RIG is located 40km off the coastline, near Juraid Island and the Berri Oil Field. The project will feature three hotels, 11 restaurants, retail shops and a variety of activities and adventures both above and below the sea.

UAE
In May this year, Disney announced it will build a theme park on Abu Dhabi’s Yas Island. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, witnessed the announcement of the Disney Theme Park Resort project on Yas Island, Abu Dhabi, following a strategic partnership agreement between The Walt Disney Company and Miral, Abu Dhabi’s leading creator of immersive destinations and experiences. The new resort will be fully developed and built by Miral. Disney will lead creative design, attraction development and operational oversight to provide a world-class guest experience. Upon completion, Miral will also operate this recreational destination, drawing on its extensive experience in developing and managing some of the leading family entertainment destinations on Yas Island and in Abu Dhabi, in collaboration with prominent American and European brands.

In December 2022, Merex Investment announced a redevelopment of La Mer South, to be named J1 Beach, with the addition of 13 luxury dining experiences. In October 2024, Merex Investment announced the launch of J1 Beach, the eagerly awaited urban Riviera in Jumeirah set to transform Dubai’s beachfront dining scene. J1 Beach reimagines coastal sophistication, combining the allure of a year-round Riviera ambiance with refined dining and stylish club experiences for an unrivalled retreat. Showcasing Dubai as a true culinary capital, J1 Beach brings an extraordinary line-up of iconic restaurants from Paris, New York, Miami, London, Tulum and the French Riviera, making their regional debut with elevated dining crafted for the epicurean traveller. These exclusive venues offer an exceptional culinary journey for guests seeking refined flavours in a breathtaking setting. In addition, guests will enjoy direct beach access, allowing them to bask in the beauty of the shoreline while savouring their dining experiences.

Earlier this year, Azizi Developments unveiled its new master-planned community, Azizi Milan, at a launch event held on 23 April, at Dubai’s Coca-Cola Arena. Spanning over 40 million square feet, the development will be one of the UAE’s largest mixed-use communities, accommodating a population of 144,000 and incorporating 800 hotel keys. The project draws inspiration from Milan’s cultural heritage and aims to become the Middle East’s fashion capital with dedicated pedestrian-only fashion streets for perfumery, cosmetics, bags and dress fashion. These areas will feature high-fashion brands, boutique shops, cafes, restaurants and nightlife entertainment venues. The development emphasises sustainability as a zero-carbon community. Each building will feature rooftop gardens, with exotic trees and flowers planted across roofs, podiums and surrounding areas. Azizi Milan will include residential projects, a mall, luxury hotels, retail districts, office spaces, schools, nurseries, mosques, wellness facilities and parks. Its tallest towers will rise up to 70 storeys; while low- to mid-rises of 25 to 35 levels will create a more tranquil residential atmosphere.

Dubai Holding Asset Management, owner and operator of one of the city’s most extensive retail portfolios, back in April officially announced the opening of Nad Al Sheba Mall. Designed as a mixed-use lifestyle destination, the 500,000sq ft mall houses a selection of more than 100 stores spanning fitness, retail, entertainment, F&B, healthcare and supermarkets. Nad Al Sheba Mall features premium wellness facilities, including a rooftop gym, swimming pool and padel courts, delivering a dynamic environment for recreation and relaxation. Additionally, the mall provides more than 900 parking spaces to ensure seamless accessibility. Its proximity to schools and residential communities further enhances foot traffic, creating a vibrant and dynamic environment.

Dubai’s Mall of the Emirates will undergo an AED5bn redevelopment adding 20,000sq m of retail space and accommodate 100 new stores. The mall celebrated its 20th anniversary this September with a month of events and the announcement of the transformation project by developer Majid Al Futtaim. The transformation will introduce New Covent Garden, featuring a 600-seat theatre, alongside a wellness precinct, an indoor-outdoor district and entertainment facilities. Since opening two decades ago, Mall of the Emirates has established itself through innovations including Ski Dubai, the region’s first indoor skiing resort. The centre has hosted flagship fashion and lifestyle brands whilst combining retail with entertainment and dining. The 20th anniversary celebrations ran throughout September and began with the Global Runway Under the FASHION DOME on 13 September. The 6celebrations culminated on 20 September with performances by Bandaloop, the aerial dance troupe, at 5pm and 6pm. The company used the mall’s architecture as their performance stage.

ORA Developers have revealed Bayn, a large, sustainable coastal community in Ghantoot, UAE, designed to integrate city energy with coastal tranquillity, featuring a 4.8 million square metre area with 1.2km of beachfront, a marina, lagoons and extensive open green spaces. The project, which includes villas and townhouses, emphasises walkability, sustainability and a wide range of amenities like schools, retail, sports facilities and healthcare, all connected by a linear park and green spine. The first phase of Bayn includes 464 villas and townhouses and is expected to be completed in Q4 2028. The development features over seven kilometres of waterfront living and will include 9,000 residences ranging from mansions to apartments. A marina, beach town, business park and promenades are integrated into the design to connect land and sea. More than 55 per cent of the development is dedicated to open space, including one million square metres of public parks, landscaped pathways and outdoor activity zones. A sports club spanning over 100,000sq m aims to serve both professional athletes and families. Handover is scheduled for 2028, with the first phase including a clubhouse and retail and dining outlets.

Wynn Resorts Ltd is the primary developer of the upcoming Wynn Al Marjan Island project, in partnership with local entities Marjan LLC and RAK Hospitality Holding LLC. Wynn Resorts, a Las Vegas-based hotel operator and the owner and operator of the casino resort, is developing the project in Ras Al Khaimah, UAE, with a projected opening in early 2027. Wynn Al Marjan Island is being created as an opulent and entertaining beachside destination for discerning guests to play and relax. The resort is located less than 50 minutes from Dubai International Airport and is currently under construction on a picturesque island totalling more than 60ha that gracefully curves into the beautiful Arabian Gulf. Ascending 305m above the sea, the 70-storey hotel tower has been designed by the award-winning team of Wynn Design and Development architects, designers and creatives. Uniquely designed for Wynn Al Marjan Island, the Hotel Tower will offer 360-degree waterfront views. Guests will discover 24 restaurants offering fine, casual and social dining, a five-star spa with salon and fitness centre, a glamorous shopping area offering a curated selection of designer boutiques, a celebrations and events centre, exclusive entertainment and nightlife, multiple pools with private bungalows and cabanas, a full-service marina and 420m of white-sand private beach.

RAK Properties has announced an enormous $1.4bn real estate development pipeline dubbed the “future of Ras Al Khaimah”. Within this development, Mina will be set across a land area of four million square metres and comprise three districts: Raha Island, Hayat Island and Lagoons. The first new project to be launched within Mina in 2025 is Mirasol, located on Raha Island – a resort inspired living concept and incorporating a restaurant being developed in partnership with Spanish Michelin star chef Vicente Torres. Mina will feature a combination of community and destination retail experiences spread across 137 outlets and a combined 23,000sq m of net leasable area. Mina aims to redefine coastal living, prioritising sustainability, connectivity and community. Notable properties include the ultra-luxury NB Collection and two operational luxury hotels – InterContinental Ras Al Khaimah Mina Resort and Spa and Anantara Mina Ras Al Khaimah Resort. Further enriching the Mina community is the launch of Mirasol, a new resort style living concept. Featuring a range of studios, apartments and duplexes and scheduled for handover in the first half of 2028, Mirasol residents will enjoy incredible views as well as seamless access to all of Mina’s amenities and attractions.

Architecture firm HWKN has been commissioned by developers Al Marwan Real Estate Development to design eleven distinct buildings for a new commercial neighbourhood in central Sharjah, the third most populous city in the UAE. The district, featuring offices, retail spaces, cafés, childcare and healthcare facilities, specialised institutes and a mosque, has been fully researched, conceptualised and planned using Artificial Intelligence (AI). The development, titled District 11 spans three million square feet and includes 11 buildings with 200 commercial units, aiming to attract professionals working in the area, residents from nearby neighbourhoods and visitors. The masterplan draws on the firm’s “Work Resort” concept, scaled to a neighbourhood level. This approach integrates professional workspaces with resort-like amenities in a walkable urban environment.

Sobha Realty and the Government of Umm Al Quwain have partnered to launch Downtown UAQ – a new 25 million square foot coastal city designed to transform the emirate’s future. With the launch of this brand new development, the Emirate is stepping into the spotlight with something extraordinary on the horizon. This collaboration brings together visionary leadership and world-class development expertise to deliver a community that blends beachfront serenity with modern urban living – and it’s only the beginning of what’s to come. Downtown UAQ is designed to be more than a neighbourhood – it’s a fully-fledged urban destination. The development will feature three distinct districts: North Beach, South Beach and the Trade Centre – each with its own unique identity and function. From an uninterrupted 11km of shoreline to 7km of pristine beach and park space, the community is envisioned as a serene escape for residents, while also serving as a magnet for tourism and business. Central to this project is the 15 million square foot Trade Centre Free Zone, which is expected to become a key driver of regional economic activity. Offering commercial offices, five-star hospitality developments, retail hubs, entertainment districts and cutting-edge infrastructure, Downtown UAQ perfectly embodies the spirit of UAE emerging investment destinations. The development is strategically crafted as a ‘Live, Work and Play’ environment where commercial spaces, residential areas and public green zones coexist in balance. Over half of the land is dedicated to open and green spaces – a nod to sustainability and ecological resilience. The first phase has launched, with additional phases being added up to 2032.

North Africa
Developer Jawad Developments has unveiled Hayah Walk Mall as part of Hayah Residence in 6th of October City. Jawad Developments is set to launch the second phase of its Hayah Residence project following the sell-out success of phase one. This phase includes the introduction of Hayah Walk Mall, a key part of the company’s mixed-use development in the heart of West Cairo. Located near major roads and highways such as the Central Axis and Ring Road, Hayah Walk is positioned close to prominent commercial and educational landmarks, including MSA University, Mall of Egypt and Mall of Arabia, making it an ideal location for both residential and business needs. The development of Hayah Walk will occur in two phases, with the first phase featuring a limited number of units. This phase presents a unique opportunity for clients looking to invest in a promising location. The mall will feature a diverse mix of units across three floors: commercial spaces on the ground floor, medical clinics on the first floor and administrative offices on the second floor. In total, the mall will include approximately 150 units.

In addition to Hayah Residence, Jawad Developments is also working on its flagship project, Val Plaza, a landmark mixed-use development that will feature 250 diverse units, including commercial, administrative and medical spaces. The core construction of Val Plaza is complete, with unit handovers scheduled to begin in 2026, according to the company’s planned timeline.

Citystars’ brief for its flagship Katameya project was to build on the success of its forward-thinking, retail-focused, mixed-use projects; envisioned as ‘The Birth of a New Star’. Their approach is based on the premise of a “live, work, play” ethos and embeds the retail component as the driver of connection between those various activities and central to the experience of place within a vibrant community. Conveniently located on the Ring Road in New Cairo, east of the old city, the development provides a mixed-use alternative to the detached villa nature and isolated multi-residential nature of the majority of projects in New Cairo City. As such, it positions itself as a hub of activity. Citystars Katameya is a 1.3km-long mixed-use development covering a 245,000sq m site area situated along Cairo’s prominent ring road. The project features luxurious residential areas, world-class hospitality and Grade-A office spaces set within a spectacular retail and entertainment urban promenade. The project is being developed by Arco & Citystars.

After a pause, the mega-project of the Zenata Mall is back on track. Set to open in the next three years, Al-Futtaim Malls looks ahead to the Zenata Mall opening in Morocco with 120,000sq m of gross leasable area. The mall is set to be anchored by a 26,000sq m IKEA and is also poised to become the largest mall in North Africa. The teams at Al Futtaim, Marjane Holding, Sonae Sierra and Société d’Aménagement Zenata (SAZ) have collaborated to develop an innovative retail, marketing and branding strategy ready to position Zenata Mall as Morocco’s most attractive shopping, family and leisure destination with a differentiated Food Hall. The project, located within the innovative, ecologically healthy Zenata Eco-City, will blend the contemporary and traditional zones with an 8,350sq m hypermarket, 10,000sq m leisure and entertainment zone, 5,500sq m multiplex Cinema, a first to Morocco Food Hall and a comprehensive portfolio of over 300 stores. With roughly 15 per cent of Morocco’s total population concentrated in the immediate catchment area of Zenata Eco-City, the mall is set to place the development on the retail investment map.