Alvarez & Marsal has expanded its Middle East Real Estate, Travel, Hospitality and Leisure practice. Led by Yousef Wahbeh, the senior team will advise sovereign wealth funds, governments and developers as major regional projects move into operational phases. The move responds to growing demand for hands-on execution advisory across the region.
Sotheby's International Realty has expanded into Vietnam with the opening of Vietnam Sotheby's International Realty. Based in Ho Chi Minh City, the new launch represents the company's 18th location in Asia. The business will represent high-end housing schemes and individual properties across the country, aiming to connect Vietnamese buyers with international properties while presenting domestic luxury developments to global investors.
A new report by property consultancy Cavendish Maxwell reveals that Ras Al Khaimah will deliver 25600 new residential units by 2030. The massive property boom is fueled by a population projected to reach 650000 alongside major infrastructure upgrades. Apartments will comprise 97% of the upcoming pipeline to meet shifting buyer demands, with peak delivery expected to hit 9100 homes in 2029.
US real estate firm GID has launched its national development platform, GID Residential Partners, into the Boston housing market. The expansion into the supply-constrained region will be led by industry veteran Chris Spendley, who joins the firm as Managing Director. Spendley brings over two decades of multifamily experience to the role, having previously overseen billions in transactions and thousands of residential units.
Global-Estate Resorts, Inc. (GERI), a subsidiary of Megaworld, is set to turn over P11 billion worth of projects this year. The deliveries include residential units and commercial lots across several provinces in the Philippines, including Cavite, Laguna, Batangas, Rizal and Aklan. This move follows sustained demand for integrated tourism and leisure townships located outside Metro Manila as buyers seek a blend of nature and modern convenience.
Marjan Group has appointed new senior executives to lead its development, hospitality, and lifestyle sectors in Ras Al Khaimah. Key hires include Sheikh Saqr bin Omar Al Qasimi, Alison Grinnell, and Donald Bremner as CEOs of their respective divisions. The restructure supports the Emirate’s accelerated growth and global investment strategy.
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