IRHM, Your Global Window into Real Estate and Hospitality

June 19, 2026

Architecture

UAE developer Arada has reached a significant construction milestone by appointing Engineering Contracting Co. (LLC) as the main contractor for the W Residences at Dubai Harbour. The AED1.55 billion agreement covers the delivery of all three luxury towers within the waterfront development. With preliminary works already in progress, the project is set to provide 490 branded homes alongside a suite of high-end amenities.
Aston Martin is bringing its signature British luxury to South American shores with the announcement of a landmark residential tower in João Pessoa, Brazil. Partnering with Setai Grupo GP, the 45-storey development marks the brand’s first foray into the region's real estate market.
Le Méridien Hotels & Resorts has announced the opening of Le Méridien Dehradun Resort & Spa in the Doon Valley. Situated along the Nun River, the 103 room property serves as a gateway to North India's hill stations. The resort incorporates local architectural influences and offers a range of wellness and culinary experiences designed to provide a refined retreat for travellers visiting the Himalayan foothills.
Egypt has secured partnerships with US, UK and French firms for the $1 billion Mont Galala project in Ain Sokhna. The development features 10 towers and a 150-berth marina. Construction begins in late 2026 with a seven-year completion timeline. The project aims to establish the Red Sea coast as a global hub for yacht tourism and international conferences through sustainable, mixed-use infrastructure and world-class hospitality.
CapMan Real Estate and Scandic have completed the full refurbishment of the historic Hotel Laajavuori in Finland. The project involved two phases of work to modernise guest rooms and public areas while preserving the building's 1970s architectural identity. Significant environmental upgrades, including 71 geothermal wells, have slashed energy use and shifted the property to entirely carbon-free energy sources.
Corinthia Hotels has teamed up with RoundShield and Kervis SGR to launch a 58-key luxury resort in Lake Como. Set to open in 2028, the property will be located in Menaggio next to Italy's second-oldest golf course. The development includes a beach club, three private villas and branded residences designed to blend with the alpine landscape. This project marks Corinthia's second site in Italy and focuses on restoring local heritage.

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