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: December 17, 2014
UAE. The emirate's economy is expected to grow 4.5% next year from an estimated 4% in 2014; Real-estate and construction may expand about 6% each.
Posted: December 17, 2014
UAE. Improvements to infrastructure set to bolster long term capital value growth; Freehold transactions fall by almost one third during Q3 2014.
Posted: December 16, 2014
UAE. The developer reached a deal with creditors in 2012 to begin repaying the US$1.2 billion Islamic loan in 2014, about four years after it was due, bankers familiar with the deal said at the time.
Posted: December 16, 2014
UAE. The residential segment has experienced a period of relative stability during H2 2014, with rental rates remaining broadly flat. Over the course of the year, modest growth of around 7% was recorded, compared with 24% during 2013, according to CBRE's year-end market update.
Posted: December 16, 2014
UAE. The project win boosts DSI's total project awards in 2014 to date to AED5.6 billion and the total projects backlog to an all-time high of AED15.3 billion across MENA, Europe and Asia.
Posted: December 15, 2014
UAE. An analysis of the rental yields by unit sizes across monitored areas shows an inverse relationship between unit sizes and yields; the higher the unit size, the lower the yields.
Posted: December 15, 2014
UAE. Improved financial risk profile over the next 12 months due to the expected receipt of infrastructure reimbursements from the government that will lead to further debt reduction.
Posted: December 15, 2014
UAE. A shortage of prime office space in Dubai, which is being underpinned by robust demand, has translated into strong upward pressure on rents across the city.
Posted: December 14, 2014
UAE. Major developments to keep Dubai's growth rate growing by at least five per cent in the coming years; Tourism sector's contribution to Dubai's economy expected to triple to US$82billion by 2020.
Posted: December 12, 2014
UAE. Spanning 7 km, Dubai Trolley is a new electric-powered transit service for Downtown Dubai residents and visitors; Will offer easy connectivity to Burj Khalifa, The Dubai Mall and the upcoming Opera District.
Posted: December 11, 2014
UAE. Instructions have been sent to Deutsche Bank, the registrar and paying agent for the Sukuk, to make the profit payment to all Sukuk holders on the due date of 15 December 2014.
Posted: December 11, 2014
INTERNATIONAL. Citibank marketed the CReAM Fund to investors in the GCC countries of the Middle East in 2004 as a medium risk investment projected to yield annual revenues at a rate of 4%.
Posted: December 9, 2014
LEBANON. Rose House is an architectural gem, an Ottoman villa perched rather bizarrely next to an equally elegant lighthouse overlooking the Mediterranean.
Posted: December 9, 2014
UAE. Knight Frank Dubai has completed the valuation of the Jebel Ali Free Zone (JAFZ) in Dubai, which encompasses 57 million sq m of land. The flagship instruction was undertaken as part of the planned acquisition of Economic Zones World by DP World.
Posted: December 8, 2014
UAE. Opportunities in Saudi Arabia starting to align with improving sentiment around ease of doing business; Increasing confidence in the Omani market; Transport remains strongest sector for construction opportunities.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: December 18, 2014
UAE. As a gateway of opportunity for Asia, Dubai has a key role in driving growth momentum; Between 2010 and 2013, GCC-China trade grew faster than with any other significant trade partner.
date:Posted: December 18, 2014
INTERNATIONAL. A new analysis presents the key trends that will transform the global market over the next decade and beyond.
date:Posted: December 18, 2014
UAE. International tourism and a stronger middle class are shaping luxury trends, including luxury experiences and alternative luxury channels, with a focus on the consumer rather than geography.
INTERNATIONAL. In this excerpt from Greenspan's appearance at the New Orleans Investment Conference, The Gold Report delves into the role of gold versus fiat currency, why central banks own so much gold if it is truly "a barbarous relic," and the reason China is buying so much gold today.
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