IRHM, Your Global Window into Real Estate and Hospitality

January 2, 2026

Residential

The New York City Economic Development Corporation (NYCEDC) has appointed RYBAK Development to lead the next phase of housing development at Coney Island West. The project, named Tilyou Towers in honour of Steeplechase Park founder George C. Tilyou, will transform “Parcel A,” an 80,000-square-foot city-owned lot, into more than 500 mixed-income residences, including 25 percent affordable units, alongside retail space and modernised public parking facilities.
Dubai developer Nakheel, part of Dubai Holding Real Estate, has released an exclusive range of luxury waterfront villas at Palm Jebel Ali, signalling further progress in the development of one of the emirate’s most ambitious island communities. The launch features 11 architecturally distinct villa styles within The Beach and The Coral Collections, designed in partnership with international architectural studios and offering direct beachfront access along with expansive Arabian Gulf views.
Emaar has unveiled Dubai Mansions, a Dh100-billion ultra-luxury project within the new Emaar Hills community. Comprising 40,000 homes and a collection of grand residences up to 20,000 square feet, the development is set to become one of Dubai’s most exclusive addresses.
Aldar has unveiled The Row Saadiyat, a new residential and lifestyle development designed by globally acclaimed architecture firm BIG (Bjarke Ingels Group), at the centre of Abu Dhabi’s Cultural District. Set against the backdrop of the iconic Zayed National Museum, the project introduces 315 premium apartments that promise a modern, community-driven way of life surrounded by the capital’s most celebrated cultural landmarks. The launch is set for 1 November 2025, with sales open to all nationalities.
IHG Hotels & Resorts has launched InterContinental Residences Bangkok Asoke, its first standalone branded residences project in Bangkok. Scheduled for completion in 2029, the development will feature 88 luxury units and is a joint venture with CG Capital, marking a significant step in IHG’s expansion into the standalone branded residential market.
Sobha Realty has unveiled Sobha AquaCrest, the second residential cluster in its USD 20 billion Downtown UAQ | Sobha Realty masterplan. Spanning 25 million square feet, the development will feature five towers offering one- to three-bedroom residences with sustainable features and will accommodate over 150,000 residents upon completion.

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