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 12, 2014
UAE. Average apartment and villa sales price increases stabilise at 4% and 2% respectively; Investor confidence returns as off-plan projects sell out; Rental rates stable.
Posted: July 9, 2014
UAE. Dubai developper announces a net profit increase of 54% compared to the same period in 2013 on strong revenue from property development together with improving performance in Nakheel's retail, leasing and leisure businesses.
Posted: July 9, 2014
UAE. International residential developers are expected to increase their pipeline significantly as City of London sales continue to grow, says JLL research report.
Posted: July 8, 2014
UAE. Mr. Biele joins DPG's dedicated development company with nearly 30 years of real estate experience in the Middle East and the US; He will oversee all aspects of the company with particular focus on the company's strategy and business development.
Posted: July 8, 2014
UAE. Russian JV wins accolade at the 2014 "Real Estate Market Records Awards".
Posted: July 8, 2014
SAUDI ARABIA. Citadines Sari Jeddah and Somerset Corniche Jeddah to open in 2015 and 2016 respectively
Posted: July 7, 2014
UAE. The unveiling of The Mall of the World will form part of a strengthening mall development pipeline. "I see this as Dubai's answer to London's Oxford Street and Paris' Champs Elysee."
Posted: July 7, 2014
UAE. Caters to huge demand for cranes in the region amidst rampant construction; Massive cost, time savings as delivery time cut from 16 weeks to 4 weeks.
Posted: July 7, 2014
UAE. Average apartment and villa rents increase 4% and 5% respectively in Q2; apartment and villa sales prices rise 6% and 3% respectively.
Posted: July 3, 2014
UAE. Shares in the UAE's largest listed construction company jumped 9.7% to 3.63 dirhams, at 12:37 p.m. in Dubai, bringing its three-day advance to 39%.
Posted: July 3, 2014
UAE. Over 50 contracts, worth a total of more than US$5.4 billion for newly announced or recovered residential projects and a further US$3.8 billion for mixed-use projects, all with strong residential elements.
Posted: July 2, 2014
UAE. Dubai is still clearing up the mess from a near default almost five years ago that sent shockwaves through global markets, and the worst stock-market selloff since 2008 is unlikely to derail the process.
Posted: July 2, 2014
UAE. Renewed industry confidence seeslargest ever editions of "The Big 5", "Middle East Concrete" and "PMV Live" this year.
Posted: July 1, 2014
OMAN. The property consultancy's Muscat Spring 2014 Commercial Market Outlook report indicates a shortage of mid-range hotels to cater for Oman's growing tourism market.
Posted: June 30, 2014
UAE. Dubai continues to be the destination of choice for global investors looking to enter the region; London remains world's most expensive office market.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: July 25, 2014
UAE. Royal Decree amending some of the provisions of the Oman Agencies Law comes into force; Marks a significant departure from the regime under the old law.
date:Posted: July 24, 2014
UAE. There is evidence of a more litigious approach developing in the area of medical malpractice. Damages awards which have historically been low, are now on an upwards trend.
date:Posted: July 24, 2014
UAE. Report data shows that 64% of TV viewers in Saudi Arabia and 50% in the UAE are engaged in other digital activities simultaneously, higher than the global average.
INTERNATIONAL. U.S. Secretary of State John Kerry pressed regional proxies to nail down a Gaza ceasefire as the civilian death toll soared, threatening to spread Israeli-Palestinian bloodshed to the occupied West Bank and Jerusalem.
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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