IRHM, Your Global Window into Real Estate and Hospitality

January 2, 2026

Urban Development

Dubai Investments Park Angola, the country’s first integrated economic zone, has signed a significant land deal with UAE developer Reportage Group for two massive residential communities. The ambitious project will deliver two gated communities, one luxury ocean-facing and one mid-market hilltop development, featuring over 4,500 villas and townhouses, a boutique hotel, and substantial retail space.
Al Marwan Developments has launched District 11, the UAE’s first AI-designed smart work resort, spanning 3.5 million sq ft across 11 buildings in Sharjah. The development features premium offices, a 368-unit hotel, and 3,000 parking spaces, combining advanced infrastructure, sustainability, and human-centric design. District 11 aims to enhance Sharjah’s investment appeal and support economic diversification.
New7Wonders has launched its global “7 Wonders of Future Cities” campaign on World Cities Day 2025, inviting urban developments worldwide to compete for recognition as leading models of innovation and sustainability. Cities and districts have twelve months to apply before global public voting begins in October 2026. Winners will be named on 31 October 2027 in the next major New7Wonders initiative.
The New York City Economic Development Corporation (NYCEDC) has appointed RYBAK Development to lead the next phase of housing development at Coney Island West. The project, named Tilyou Towers in honour of Steeplechase Park founder George C. Tilyou, will transform “Parcel A,” an 80,000-square-foot city-owned lot, into more than 500 mixed-income residences, including 25 percent affordable units, alongside retail space and modernised public parking facilities.
Dubai developer Nakheel, part of Dubai Holding Real Estate, has released an exclusive range of luxury waterfront villas at Palm Jebel Ali, signalling further progress in the development of one of the emirate’s most ambitious island communities. The launch features 11 architecturally distinct villa styles within The Beach and The Coral Collections, designed in partnership with international architectural studios and offering direct beachfront access along with expansive Arabian Gulf views.
Sumou Real Estate Company has signed a SAR135 million ($36.01 million) contract with Diyar Real Estate Development Company, managed by Sedco Capital, to deliver infrastructure works for a 960,000-sq-m project in Jeddah’s North Obhur district. The two-year project is expected to positively impact Sumou’s financial performance.

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