IRHM, Your Global Window into Real Estate and Hospitality

February 17, 2026

Urban Development

Modon has unveiled Bashayer, the first ultra-exclusive waterfront community on Hudayriyat Island in Abu Dhabi, offering views of Al Bateen Beach and the city skyline. The community is linked by a 3.5-kilometre waterfront promenade and a linear park, marking the next stage in Hudayriyat Island’s growth as a major integrated lifestyle destination.
The Inter-American Development Bank Group and the Economic Commission for Latin America and the Caribbean have launched a joint data platform to address housing shortages and urban development issues in Latin America and the Caribbean. Named Housing and Urban Intelligence, the platform is the region’s first integrated data hub of its kind, launched with support from the OECD. The platform provides over 3,000 indicators, 18 country profiles, and information from more than 500 official sources.

The Anambra State Government is moving ahead with its ambitious low-cost housing initiative after resolving last-minute bureaucratic and contractual issues. The scheme aims to construct 10,000 affordable homes for civil servants and low-income households in the Isiagu area of Awka South Local Government. The project, which has been approved by Governor Chukwuma Charles Soludo, will be executed via a Public–Private Partnership (PPP) arrangement with real estate developers.
Researchers at the Technical University of Munich (TUM) have launched the GlobalBuildingAtlas, the first high-resolution 3D map of all buildings worldwide. The open dataset includes 2.75 billion building models captured in 2019 satellite imagery, making it the world's most comprehensive collection of its kind. The data is crucial for climate research and supporting the UN Sustainable Development Goals.
DarGlobal and Art District Real Estate Development have announced a major coastal project in Muscat, Oman, named MAD, the Marine, Art & Digital District. This extensive project, valued at OMR 1.6 billion (USD 4.2 billion), will transform over 1.5 million square metres of coastline over a 12-year development period. The MAD district is conceived as a multi-destination city that combines luxury residential communities, high-end hospitality, cultural venues, and advanced financial and digital industry parks.
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.

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