IRHM, Your Global Window into Real Estate and Hospitality

May 30, 2026

Construction

Real estate giant REMAX has announced a major expansion of its global network with the sale of master franchise rights in Libya and a new office opening in Azerbaijan. The Tripoli-based Libyan operation is led by experienced owners Zyead and Alhareth Ghattour. In Baku, entrepreneur İdris Cengiz has launched a 2,000 square foot facility to serve a growing market. These moves increase the brand's presence to more than 120 countries and territories.
Danube Properties has unveiled Serenz by Danube, a 50-storey residential landmark in Jumeirah Village Circle. Featuring over 40 amenities across 120,000 square feet, the project offers fully furnished units starting at AED 850,000. Strategically located for quick road access, the development utilizes a 1 per cent monthly payment plan. The launch event included group leadership and brand ambassador Brett Lee, highlighting a significant expansion in Dubai's premium property market.
Hard Rock International has unveiled plans for an $850 million hotel, casino and residential complex in San Juan, Puerto Rico. Slated to open in 2029, the project features 415 rooms and 186 branded residences. The development aims to combine luxury hospitality with the island's vibrant music culture, offering a recording studio and event spaces. Construction will begin in mid-2026, creating over 3,500 total jobs for the local economy.
Devonport City Council has unveiled the Formby Road Urban Renewal Study, identifying two major CBD sites for private development. Part of the LIVING CITY project, the plan proposes high-end apartments and commercial offices to replace existing car parks. By creating a new urban plaza and improving pedestrian links to the Mersey River, the council aims to boost footfall for local retailers and meet growing demand for inner-city living.
Egis has been named the project management consultant for the final stage of Phase 1 at Kuwait's Mubarak Al-Kabeer Port. The firm will supervise marine and onshore works to ensure the site on Boubyan Island becomes fully operational. This is a key part of Kuwait Vision 2035, aimed at transforming the nation into a major regional trade hub in partnership with China Communications Construction Company
A new community destination named BAY360 is coming to Jumeirah Lakes Towers, featuring a flagship Spinneys supermarket and a variety of waterfront dining options. Developed by DMCC and Sweid & Sweid, the project aims to improve the liveability of the district through better pedestrian access and modern lifestyle amenities. Scheduled for completion in 2027, the hub will occupy part of Lake D and include essential medical services and rooftop sports facilities.

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