IRHM, Your Global Window into Real Estate and Hospitality

February 17, 2026

Real Estate

The Housing Minister has launched the second phase of the Madinat Salman housing project, adding 432 new apartments and advancing Bahrain’s 2023–2026 housing programme, with a focus on sustainability, modern design, and timely delivery.
Alef Group and BEEAH have announced a partnership to drive sustainable development in Sharjah by combining real estate expertise with environmental innovation.
Douglas Elliman will launch Elli AI, a new assistant app for its 6,600 agents, beginning in Florida this month before expanding nationwide.
Alpine Income Property Trust, Inc. has acquired a three-property portfolio spanning Illinois, Virginia and Louisiana for $2.8 million, achieving a weighted average cash yield of 8.5%.
OMNIYAT has announced LUMENA ALTA, a 380-metre, 73-storey tower set to be Dubai’s tallest commercial building in Business Bay. The project, featuring 45 floors of premium office space, is scheduled for completion in 2030.
MRI Software has acquired Melbourne-based Proptech Labs in a deal that will expand its property management technology across Australia and New Zealand. The integration will enhance MRI Property Tree and Palace with advanced automation, inspections, and key management capabilities.

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