Hotel Deal: UAE’s AHS Properties is buying Dubai’s Shangri-La Hotel on Sheikh Zayed Road for AED 1.1bn (about $300m), adding a major “corridor” anchor to its AHS Tower and AHS City mixed-use pipeline. Property Crime & Finance: India-linked financier Mahender Makhijani was arrested in the US over an alleged $100m bank fraud scheme involving shell companies and falsified documents, with an Arabian Sea-facing Raigad property reportedly attached by India’s ED. PropTech Restructuring: Opendoor is winding down its India operations and cutting nearly 250 India-based jobs as it shifts operational work back to the US under “OpenDoor 2.0.” Climate & Housing Risk: A UK analysis warns millions of homes in London, Essex, Kent and parts of the east coast face higher shrink-swell subsidence risk as hotter, drier summers intensify. Data Centers & Land: Thailand is pushing industrial estate demand for data centers and cloud services, with WHA among developers seeking approvals for new eco-industrial parks. Global Security: Hong Kong customs seized HK$156m of counterfeit World Cup merchandise in a crackdown, while US lawmakers heard claims that China-linked money laundering networks help Mexican cartels move fentanyl profits. Market Outlook: Allied Market Research forecasts global real estate revenue rising to about $4.9tn by 2031, driven by urbanization and foreign investment.