IRHM, Your Global Window into Real Estate and Hospitality

October 26, 2026

Building

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.
Merritt Properties has broken ground on the third phase of Imeson Landing Business Park in north Jacksonville, Florida. The expansion adds three shallow-bay light industrial buildings totalling 126,500 square feet, expanding the park to 392,700 square feet. Concurrently, Merritt is advancing the second phase of its redevelopment project at Merritt at Gate Parkway, converting vacant offices into modern light industrial units.
The UK government's housing agency, Homes England, has launched a £21.8 million revenue injection via the Council Housebuilding Support Fund to assist local authorities in developing affordable housing plans. Running through March 2029, the funding provides technical, staffing, and pre-development support to help approximately 75 local councils prepare successful capital grant bids under the government's flagship £39 billion Social and Affordable Homes Programme.
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.
Construction technology firm Buildots has introduced a new platform capability termed 'construction intelligence' to improve project management across major sites. By processing visual data against planned schedules, the system identifies potential delays early. Adopted by firms including Turner Construction and Intel, the platform aims to streamline operational workflows and cut project delay times by up to half across complex developments.

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