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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: March 4, 2015
QATAR. Qatar is on track to ensure the overwhelming majority of the projects to be used in the 2022 FIFA World Cup will achieve world-class standards of sustainability.
Posted: March 3, 2015
BAHRAIN. CBD office rentals remains stable in Q4 2014; Residential market has seen little change in the last quarter with marginal increase of 2% in prime locations.
Posted: March 2, 2015
UAE. Emaar's liquidity has improved substantially, to strong from adequate, both as a result of strong operating cash generation and lower near-term debt maturities, says S&P; Outlook stable.
Posted: March 1, 2015
UAE. Residential (US$28bn), Commercial (US$11.46bn) and Education (US$7.13bn) were the leading sectors; Initial market indicators suggest sustained growth in 2015 with an estimated 21% increase in construction projects awarded across the GCC.
Posted: March 1, 2015
BAHRAIN. In February, the government began enforcing the registration of tenancy agreements; For the first time the rights of tenants and landlords have been formalised in writing.
Posted: February 28, 2015
UAE.Three day open to the public event has been specifically commissioned and curated to feature a compelling mix of local, regional and international designers, artists, musicians, concept retailers and unique dining experiences.
Posted: February 28, 2015
UAE. Latest northern Emirates Asteco report: Sharjah sees rental rate stabilise in last three quarters of 2014 as slowdown in Dubai stalls tenant migration; New government legislation to spur investor interest in Tilal City development.
Posted: February 22, 2015
UAE. Average rental increases of 7% for apartments, 4% for villas and 12% offices during 2014; Year-on-year apartment and villa sales prices up 4% & 1% respectively.
Posted: February 21, 2015
UAE. "Although the incredibly strong winds fanned the fire, the building's fire safety systems and evacuation protocols worked as planned and the fire was swiftly brought under control," says developer.
Posted: February 21, 2015
UAE. Ten foreign workers have died in a fire that hit a tyre shop in Abu Dhabi, apparently trapping the labourers in a warehouse used illegally for accommodation, according to media reports.
Posted: February 21, 2015
UAE. Four people suffered minor injuries according to police; No criminal act suspected, investigation under way; Glass and metal rain down to ground and nearby road .
Posted: February 20, 2015
UAE. DAMAC Properties will be added to the General Index (DFMGI) and to sector indices as of Sunday February 22nd 2015, lifting the number of companies included in the index to 35 companies.
Posted: February 19, 2015
UAE. OCI N.V. announced the formal commencement of proceedings to effect a demerger of the company's engineering and construction business from its fertilizer and chemicals business.
Posted: February 18, 2015
UAE. The village of Grimentz is emerging as 'one to watch', offering property that is up to 50% cheaper than surrounding areas.
Posted: February 18, 2015
UAE. Experts discuss barriers to driving an innovation-based economy at Dubai Knowledge Village Breakfast Club.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: March 4, 2015
INTERNATIONAL. The real issue, that no one is fully prepared to address, is whether Greece's decades-long experiment with failed debt-financed socialism will be allowed to survive much longer.
date:Posted: March 4, 2015
UAE. The strong fiscal positions of most GCC sovereigns curb the need for debt or sukuk issuance to meet financing needs for infrastructure projects or deficits.
date:Posted: March 4, 2015
SAUDI ARABIA. Asset managers with best-of-breed technology able to provide sophisticated trading, risk management, portfolio accounting and reporting capabilities, set to take advantage.
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