
Saudi's ROSHN launches first phase of ALDANAH housing project
The Public Investment Fund-backed ROSHN Group has launched the first phase of ALDANAH project in Greater Dammam, which will have more than 1,000 housing units.
The first phase will offer standard and premium villas, as well as duplexes, the developer said in a statement.
ALDANAH will have more than 2,000 homes upon completion,
More than 145,000 square metres (sqm) of the project's total footprint will be dedicated to urban green space, accompanied by naturally shaded and pedestrian-friendly living streets.
The project broke ground in May 2025.
(Editing by Anoop Menon) (anoop.menon@lseg.com)
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


UAE Moments
an hour ago
- UAE Moments
GCC Approves Unified Tourist Visa, Launch Expected Soon
A major move for Gulf tourism is underway. A single tourist visa covering all six Gulf Cooperation Council (GCC) countries has been officially approved, according to UAE Minister of Economy Abdulla bin Touq Al Marri. In a recent interview, Al Marri confirmed that the visa is now in the final stages of preparation and will be rolled out once the Ministry of Interior and other relevant authorities complete implementation. One Visa, Six Destinations Once in effect, the unified tourist visa will allow international travelers to explore the UAE, Saudi Arabia, Qatar, Oman, Kuwait, and Bahrain without the need for separate entry permits for each country. The move is expected to simplify travel across the Gulf, support regional tourism goals, and boost visitor numbers—especially for those who want to experience multiple destinations in a single trip. What's Next? While no official rollout date has been announced, the plan is already in motion. The visa is now with the interior ministries and key agencies across the region for final processing. This step aligns with ongoing efforts to promote the Gulf as a connected tourism hub, making cross-border travel smoother, faster, and more attractive to international tourists.


Arabian Business
5 hours ago
- Arabian Business
Saudi Arabia urges businesses earning over $10.7m to file VAT returns by June 30
Saudi Arabia's Zakat, Tax and Customs Authority (ZATCA) has issued a reminder to all commercial establishments with revenues exceeding SR40m ($10.7m) to submit their Value Added Tax (VAT) returns for May by June 30. Businesses that fail to comply risk penalties ranging from 5 per cent to 25 per cent of the total VAT due, depending on the delay and severity of non-compliance. VAT in Saudi Arabia is an indirect tax applied to most goods and services sold or purchased, with some exemptions. All qualifying businesses are legally required to report and pay VAT on time to remain compliant with national tax regulations. Saudi tax rules Businesses seeking further assistance can access ZATCA support through multiple channels: ZATCA continues to emphasise the importance of timely compliance to avoid penalties and support the efficient operation of the Kingdom's tax system.


Arabian Business
5 hours ago
- Arabian Business
Author Archives: Haider Abduljabbar
Haider Abduljabbar is an accomplished real estate professional with over two decades of experience in the industry. Starting his career in the UK in 2001, he brought his expertise to Dubai in 2007, where he has since established himself as a key figure in both management and development. Throughout his career, Haider has held various leadership roles in real estate management, development, and construction, overseeing more than 400 properties in a property management capacity. He has also served as a board member for several management companies, further solidifying his extensive leadership and governance experience. Since joining TownX in 2017, Haider has played a pivotal role in the company's growth and success. He currently leads a large team of development and sales professionals, driving exceptional sales performance across the organization. Under his guidance and supervision, TownX has so far achieved more than AED 1.5 billion in sales, delivering projects ahead of schedule. Haider possesses in-depth knowledge of the Dubai real estate landscape, which allows him to connect seamlessly with C-level executives, government authorities, and key stakeholders. His strong background in stakeholder management, combined with his understanding of local market dynamics, makes him a trusted leader within the industry. An engineering graduate from Kingston University, UK, Haider combines his technical expertise with practical industry experience to drive success at TownX. Dubai's housing strategy works for the 1% – and the 99% by Haider Abduljabbar Cities like London and New York have witnessed similar dualities but struggle with affordability crises and fragmented policy responses