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: May 26, 2016
INTERNATIONAL. US-based real estate brokerage network will expand to global markets in 2017; one-of-a-kind property-search site and listing syndication program open initial gateways abroad.
Posted: May 24, 2016
UAE. "The current weakness in some submarkets of Dubai's office market is expected to persist, with further rental declines likely as we move into the summer months."
Posted: May 17, 2016
UAE. Shopping Centre also utilises mobile solutions for contact and prospect management.
Posted: May 16, 2016
UAE. From 2012, developers began to launch affordable options in order to cater to the pent up demand. This lead to a series of new townhouses launches, which accounted for 50% of the new supply.
Posted: May 16, 2016
UAE. Average fall of 5.7% in Q1 drags annualised rate of change down to -8.3%, according to latest Market Outlook from Cluttons.
Posted: May 16, 2016
UAE. The trend in architecture is to establish an 'inviting atmosphere' in which façades are increasingly no longer barriers to buildings.
Posted: May 16, 2016
UAE. Farnek CEO highlights how Dubai's 2021 environmental goals could provide Dubai building owners with multi-million dollar savings.
Posted: May 11, 2016
UAE. 65% of respondents expect to spend less on projects than last year; increasing number of disputes owing to shrinking budgets and payment delays; 62% of respondents had been involved in a dispute recently or expect to be involved in one in the next year.
Posted: May 9, 2016
UAE. Leading home maintenance company to open office in UAE capital to satisfy increase in market demand for quality, sustainable and smart home maintenance solutions
Posted: May 3, 2016
SAUDI ARABIA. The slowdown is due to demand-supply mismatch and the country's overall macroeconomic scenario, according to JLL's latest report; The existing mismatch is expected to widen as more retail and office supply is expected to enter the market with the easing of backlog projects.
Posted: May 2, 2016
UAE. Average villa yields of 4.7% and apartments at 7.5% put affordable units at top of investor and tenant wish list; villa and apartment sales remain flat with prices down just 1.1% and 0.7% respectively, according to Chestertons MENA latest report.
Posted: May 2, 2016
UAE. PwC expands its Construction Disputes and Claims capabilities in the Middle East.
Posted: April 27, 2016
UAE. Residential values drop 2.2% in Q1 2016; Strongest quarterly decrease in five years and the seventh consecutive quarterly decline, according to Cluttons.
Posted: April 27, 2016
SAUDI ARABIA. Although this represents positive news, the key will be the materialization of infrastructure projects and utilizing white lands to reverse the recent slowdown.
Posted: April 27, 2016
UAE. Marketing and leasing solution for new Duja Tower development in Dubai; "RENTCafé will help us deliver a great applicant-to-resident experience and also help us to offer a broader range of services to current residents."

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: May 26, 2016
INTERNATIONAL. In-app transactions improve customer experience and drive spending.
date:Posted: May 26, 2016
UAE. The 85% rally since Brent hit a 12-years low in Jan was supported by multiple factors, mainly oil disruption from major exporters and production cut back by U.S. shale.
date:Posted: May 25, 2016
SAUDI ARABIA. Recent resolutions indicate a growing approach by the Ministry of Labour to require the complete Saudisation of certain activities within the retail sector. This article examines the existing requirements and also the proposal for a weighted Nitiqat.
INTERNATIONAL. "It's going to come to a point where there is just going to be no real economical benefit to any kind of production staying at any kind of level in those countries. And once they come off, that's going to obviously support oil prices."
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