Real Estate

FEATURED REPORT...
Posted: 02-08-2011
SAUDI ARABIA.  The chairman of Kingdom Holding Company, HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, who has been the driving force behind the decision to build the world's tallest tower in Saudi Arabia, announced that the construction contract has been signed today. Kingdom Tower, with a height of over 1,000 meters, will begin construction imminently in Jeddah, Saudi Arabia.  Kingdom Tower will be the centerpiece and the first construction phase of Kingdom City, Jeddah Economic Company's (JEC) new urban development of more than 5.3 million square meters of land in the
Posted: July 28, 2014
UAE. Topping the rankings for the most searched communities in Dubai amongst prospective buyers is Dubai Marina, according to propertyfinder.ae.
Posted: July 27, 2014
QATAR. In the long run, the dynamism and innovation of the private sector is expected to drive growth and development with the government focusing on creating the right physical and legal environment to encourage that process.
Posted: July 24, 2014
UAE. The recent Budget Statement looks set to bring about a sea change in the tax regime surrounding domestic and international investment.
Posted: July 23, 2014
UAE. Colliers' Capital Flows Quarterly Report highlights Middle East investors' appetite for alternative product including hotels and serviced apartments.
Posted: July 23, 2014
UAE. Net Profit for H1 2014 Notches up AED114.6 million, an increase of 145% from AED46.6 million for H1 2013; Launched bespoke hotel apartment project "The Atria" in Business Bay in Q2 FY14.
Posted: July 22, 2014
UAE. Office, retail and hospital sectors remain steady; The market continues to be dominated by Government related investment with short-term demand being fuelled by new major government backed construction projects.
Posted: July 22, 2014
UAE. Yas Mall to house new shopping concept set to be the largest department store in the region comprising 200,000 square feet of prime retail space.
Posted: July 21, 2014
UAE. Arabtec fell to the lowest level in a week as some investors questioned the government's support for the UAE's biggest publicly traded builder.
Posted: July 17, 2014
UAE. Wi-Fi connectivity will be key enabler for procurement, logistics and workforce planning at construction phase.
Posted: July 17, 2014
UAE. The deals with RSP Architects, Planners and Engineers are worth AED46 million (US$12.5 million); Tenders for the construction of both projects are expected to be released before the end of 2014.
Posted: July 17, 2014
UAE. Arabtec suspended pending clarification of its ownership; "Yesterday's news on buying 50% of Hasan Ismaik's stake implies they [Aabar Investments] are already in talks with him. The regulator's concern is probably around disclosure of talks and the pricing of the deal."
Posted: July 14, 2014
UAE. Dubai and Abu Dhabi ranked 67th and 68th most expensive cities to live, according to Mercer's 2014 Cost of Living Survey; Dubai's ranking soared 23 places from last year's position.
Posted: July 14, 2014
UAE. The CEO search process was exhaustive and far reaching involving leading local and international candidates.
Posted: July 14, 2014
UAE. Dubai developer signs agreement with UNEC and Actco; Construction is expected to begin soon.
Posted: July 14, 2014
UAE. Budget-conscious Sharjah and Dubai residents now consider Ajman for affordability and value; Growth in average rental rates in Sharjah falls to 3% as Dubai rents stabilize.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: July 29, 2014
KUWAIT. US$35.1 billioln of new sukuks issued during 2Q14; GCC primary market account for 26.7% market share or US$17.7 billion of the total global new sukuk issuances in 1H14.
date:Posted: July 28, 2014
INTERNATIONAL. Janet Yellen is very different from any of her predecessors. She is likely the most dovish and politically leftist Fed Chair in the Central Bank's history; She sees the Fed's mission as a tool to promote progressive social policy.
date:Posted: July 28, 2014
QATAR. The potential in Indonesia is enormous and more rapid growth could generate opportunities for a number of foreign companies, says QNB Group report.
INTERNATIONAL. Another sign of deteriorating relations between the United States and Russia; The Cold War treaty, ratified in 1988, was designed to eliminate ground-launched cruise missiles with ranges of 500 to 5,500 km.
INTERNATIONAL. The future will be decided in a race between global advances in demand for resources, complex technology and biotech innovation, and growing sovereign debt.
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