IRHM, Your Global Window into Real Estate and Hospitality

January 2, 2026

Urban Development

The Comiskey Group has unveiled plans for a $180 million Town Centre Precinct in North Lakes, set to create a cultural and lifestyle destination with boutique retail, premium dining, a five-star hotel, and green public spaces. The project is expected to generate more than 880 jobs and contribute over $500 million to the local economy.
SOL Properties has launched SOL LUXE, a Dh2.2 billion mixed-use tower on Sheikh Zayed Road. Rising 280 metres with residences, Grade A offices, and retail outlets, the project promises an 8–9% ROI for investors and is scheduled for completion in Q4 2028.
Prime Minister Mark Carney has launched Build Canada Homes, a new federal agency tasked with rapidly increasing affordable housing across the country. Backed by a $13 billion investment, the initiative will deploy public lands, modern construction technologies, and private-sector partnerships to double housing output, reduce homelessness, and restore affordability.
Egypt’s Madinet Masr has launched its new flagship development ‘Talala’ in New Heliopolis City, investing EGP 90 billion into a project designed to offer sustainable, high-quality living across a wide range of residential units.
Malaysia’s property market is experiencing a renaissance, fuelled by affordable housing initiatives, infrastructure growth, foreign investment incentives and a strong shift towards green, transit-oriented developments.

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