IRHM, Your Global Window into Real Estate and Hospitality

October 7, 2026

Retail

Saudi developer ROSHN Group and Talaat Moustafa Group Saudi have signed a preliminary agreement to set up a joint venture for a major mixed-use development in Riyadh. TMG Saudi will hold a 51% stake and ROSHN Group will hold 49%. Initial studies indicate the project could deliver over 55,000 residential units alongside commercial, healthcare, educational, and leisure amenities.
Aldar has announced that Saadiyat Grove, a major luxury retail and fine dining destination in Abu Dhabi’s Saadiyat Cultural District, will open in the fourth quarter of 2026. Bringing together over 100 global brands and 20 regional debuts, the mixed-use scheme includes luxury residences, hotels, executive office space, a wellness clinic and a 2,000 square metre BXR gym.
The architecture practice Snøhetta has revealed designs for Sweetbird North, an 8-story mixed-use development in the Miami Design District. The 120,000 square foot project for Raycliff Capital features workspace, retail units and a hurricane-resistant stainless steel mesh façade. The scheme marks a structural shift toward greater density in the area, incorporating integrated vertical gardens and outdoor office terraces.
A consortium led by Frasers Property has submitted the highest bid of S$2.1 billion for the Bayshore Drive mixed-use site in Singapore. Spanning over 57,000 square metres, this key parcel will form the only integrated transport, retail and residential hub in the new Bayshore precinct, linking directly to Bedok South MRT station and a new bus interchange.
Aldar has announced Yas Point, a new six billion dirham waterfront development on the northern shore of Abu Dhabi's Yas Island. The massive mixed-use masterplan spans 600,000 square metres and will feature 1,600 residences, a five-star resort hotel and an international school. The project focuses heavily on walkability, incorporating three public parks and a 700-metre shoreline promenade alongside the first northern beach on the island.

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