IRHM, Your Global Window into Real Estate and Hospitality

July 4, 2026

Japan

Japanese architectural company SOBOKUYA, specializing in traditional carpentry and sustainable design, will establish its first Middle East base in the Dubai Design District in November. The company is exhibiting at Dubai Design Week 2025 in collaboration with Nikken Sekkei Dubai FZ-LLC. From its new Dubai base, SOBOKUYA plans to expand into Europe, South Asia, and Africa, developing projects that combine Japanese minimalism, wabi-sabi aesthetics and modern functionality. The move follows the establishment of SOBOKUYA's bases in Vietnam, marking a key next step in its global expansion.
Kyoto will introduce Japan’s highest hotel tax in March 2026, with luxury guests facing up to ¥10,000 (£49) per night to tackle overtourism pressures.
Samty Holdings has sold two portfolios of newly built multi-family properties worth ¥49 billion to sovereign wealth funds, with the developer retaining asset management responsibilities following its privatisation by Hillhouse.
The project will rise on the former site of the Shin-Yurakucho Building, reimagining the location as a dynamic hub where art, fashion, food, and hospitality converge.

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