A significant $1 billion agreement has been reached to develop the first major residential and commercial precinct in Bradfield City, Australia. The partnership between the NSW Government and Plenary will see the construction of 1,400 homes alongside a new university campus and a luxury hotel. This project represents a foundational move in creating the first new Australian city in 100 years. Stage 1 is set to focus on essential services and public spaces over the next five years.
Webstar Technology Group and Forge Atlanta Asset Management have secured a 10-acre site in Downtown Atlanta, marking the start of the 8.4 million square foot Forge Atlanta district. The project is expected to generate over $7.37 billion in economic impact and create thousands of jobs. Phase I will deliver a 300-room hotel, luxury condominiums, and extensive retail space. Construction is scheduled to begin in 2026.
Mercedes-Benz and Binghatti have revealed plans for a massive $8.17 billion branded residential district in Dubai’s Meydan area. The development, known as Mercedes-Benz Places | Binghatti City spans 10 million square feet and represents a significant expansion of the partnership between the car manufacturer and the developer. This masterplanned community will feature multiple residential towers alongside retail, leisure and mobility hubs.
Romania has announced the Dracula Land project concept, a private investment exceeding €1 billion aimed at creating the largest entertainment, retail, and technology destination in Europe. The 160-hectare site, located near Bucharest and Otopeni Airport, is a collaboration between Romanian investors Dragoş Dobrescu and George Toader and international partners.
DarGlobal and Art District Real Estate Development have announced a major coastal project in Muscat, Oman, named MAD, the Marine, Art & Digital District. This extensive project, valued at OMR 1.6 billion (USD 4.2 billion), will transform over 1.5 million square metres of coastline over a 12-year development period. The MAD district is conceived as a multi-destination city that combines luxury residential communities, high-end hospitality, cultural venues, and advanced financial and digital industry parks.
Henderson Land Development has formally unveiled its new landmark project, Central Yards, situated on the New Central Harbourfront in Hong Kong. This ambitious, sustainable mixed-use development will feature over 1.6 million square feet of gross floor area. The project is a major component of the developer’s HK$63 billion harbourfront investment, secured via a record HK$50.8 billion land bid in 2021. The development is split into two phases, with the first scheduled to open in 2027.
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