IRHM, Your Global Window into Real Estate and Hospitality

June 10, 2026

Innovation

Saudi Arabia has officially opened the Hexagon Data Center in Riyadh, which is now the largest government-owned facility of its kind in the world. Classified as Tier IV, the center is a major part of the Saudi Data and AI Authority’s (SDAIA) plan to support Saudi Vision 2030. The facility spans 30 million square feet and possesses a power capacity of 480 MW. It aims to secure technical sovereignty over national data while helping to move the economy away from a reliance on oil.
Deyaar Development PJSC has officially started construction on DWTN Residences, a significant new high-rise project in Dubai. The developer held a groundbreaking ceremony to mark the start of the flagship tower. The building will provide 522 residential units including apartments, duplexes and penthouses. A unique Royal Palace will sit at the top of the structure. The project focuses on creating a vertical community with extensive amenities.
Al-Futtaim Real Estate has launched Al Badia Villas, a new residential leasing project in Dubai Festival City. The development consists of 107 smart homes ranging from three to five bedrooms. These properties are situated within three hectares of parkland and are designed to combine modern technology with sustainable living. Residents will benefit from solar power systems and integrated smart home features compatible with major platforms.
New Murabba, a Public Investment Fund company, and the U.S. Green Building Council (USGBC) have signed a Memorandum of Understanding in Washington, D.C., establishing a framework to explore collaboration in sustainable urban development. The agreement focuses on applying global sustainability frameworks like LEED across the New Murabba project. New Murabba has also joined the USGBC as a Platinum member, signalling a deep commitment to sustainability leadership in creating a new destination in Riyadh.
Mira Real Estate has rebranded as Mira International as part of a major growth strategy that includes appointing Aldo De Jager as CEO and launching a 30-branch global expansion. The Dubai-based brokerage said the move signals its shift toward operating an international network with unified service standards across markets.

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