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Stay informed with the latest updates from Arabian Business. Here’s what you missed on Tuesday:

Parsons Corporation has been named project management consultant for the Dubai Metro Blue Line by the Roads and Transport Authority. The 30km line with 14 stations is scheduled to begin operations in 2029. Parsons will oversee design review, procurement, construction, testing, and project handover.

In other major developments, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council has appointed Majid Saqr Abdullah Al Marri as CEO of the Real Estate Registration Sector and Majida Ali Rashid as CEO of the Real Estate Development Sector at the Dubai Land Department under Executive Council Resolutions No. 48 and 49 of 2025.

Aside from this, Emirates has extended its suspension of flights to and from Tehran until July 17 due to ongoing operational reasons. The route has faced suspensions since mid-June amid regional tensions.

On the real estate front, residential property prices in Abu Dhabi have increased by up to 35 per cent in H1 2025, driven by infrastructure and lifestyle developments. According to Oia Properties, the market is seeing increased investor confidence and active project delivery.

Meanwhile, Riyadh has the highest average construction cost in the Middle East at $3,112 per m², according to Turner & Townsend’s 2025 report. High inflation and labour shortages are creating delivery pressures across Gulf mega projects.

THE LONGER READ:

Each residence at Amansamar in Saudi Arabia will contain five to six bedrooms and will be set on plots starting from 9,000 square metres

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