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
BAHRAIN. The investment will capitalize on Dubai's growing logistics market and will offer premium warehousing facilities to tenants in one of Dubai's most established and sought after industrial areas.
UAE. Remaining 30 one-bedroom units to be released for sale with guaranteed ROI of 10% per annum through to 2018; Asteco will also show DUKES Dubai British-themed project with just 13% of units remaining.
UAE. The price premium associated with a "view" has been one of a subjective assessment in Dubai, however there are decades of research that exist in the global markets that quantify the effect of a "view" on real estate assets.
UAE."The number of commercial transactions involving foreign investors does not adequately reflect the interest in real estate in the GCC and if the relative illiquidity could be solved, the UAE in particular would see substantial inbound capital flows".
UAE. Data highlights the challenges faced by Dubai's external-oriented service-based economy. Uncertainty about global economic growth, volatility in financial markets and low oil prices have weighed on sentiment and activity.
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."