IRHM, Your Global Window into Real Estate and Hospitality

October 1, 2026

Building

Samsung C&T Corporation has secured official technical certification from the Korea Concrete Institute for its precast concrete beam-column dry connection method. The assembly system eliminates internal load-bearing columns to support the company’s Next Home spatial layout while achieving high-level seismic resistance. By using engineered steel brackets and bolts, the dry joint method speeds up on-site construction and strengthens structural safety for high-rise residential developments.
Dubai-based master developer Meraas has awarded GCC Contracting an AED 1 billion build contract for Phase 7 of Nad Al Sheba Gardens. The expansion will deliver 272 homes, including 130 luxury villas and 142 townhouses, alongside complete infrastructure works. Located ten minutes from Downtown Dubai, the project has already started construction on site and is expected to reach completion during the second quarter of 2028.
Nakheel has awarded an AED 800 million main construction contract to Metac General Contracting Co for Phases 1 and 3 of Bay Grove Residences on Dubai Islands. The package covers 537 homes across seven buildings, with completion targeted for late 2028. The development is part of the broader Dubai Islands master plan, which will feature 1,154 properties across 15 buildings upon completion.
DHG Properties has officially secured the Building Completion Certificate for Helvetia Residences in Jumeirah Village Circle. The 25-floor project marks the developer’s first completed project in the UAE, delivering 430 apartments across 73,000 square metres of built-up space. Completed in two years with a peak workforce of 1,100, the scheme introduces the firm's signature brand to Dubai's residential market.
Modular construction firm NRB is showcasing relocatable and long-life building solutions at the 2026 World Smart City Expo in Busan. The firm addresses urban land shortages by placing temporary, reusable modular structures on underutilised sites, such as car parks and development land. These flexible modules can be moved or reconfigured over time to match shifting local demographic demands, including youth, family and elderly housing needs.
Meraas has awarded Parkway International Contracting a main construction contract valued at over AED 590 million for Phase 3 of City Walk Crestlane. The project will deliver 394 new apartments across four buildings in central Dubai. Groundwork and initial building works are currently underway on the site, with completion expected in the third quarter of 2028.

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