The real estate sector in Dubai is famed for the scale and scope of its ambitious projects, and it continues to play a major part in the emirate’s constant state of development. As a result, the emirate has become a global by-word for the grand and the iconic, continuously pushing the boundaries of architecture and planning, design and...
One segment of the real estate sector that has seen continuous growth in recent times, despite the ups and downs of global and local conditions, is facilities management (FM). Dubai is a pioneer in this field within the region, a role that has brought both benefits and costs. As customers grow more sophisticated in their needs, the FM market...
Tighter budgets as a result of a protracted period of low oil and gas prices and global economic slowdowns, could well turn the mid- to low-range real estate market into a new haven for investors in Dubai, with many now looking for good-quality, affordable property. Indeed Dubai’s real estate market has been witnessing a shift away from the...
Although perhaps no longer able to boast more cranes operating within its boundaries than in all the other cities of the world put together, Dubai is still comfortably one of the world’s leading centres for the construction industry. Major projects continue to roll out, while existing ones finish off or evolve into new developments. From a new...
The bursting of Dubai’s property bubble in 2009 led to a more cautious attitude towards the real estate sector. A number of regulations were put in place to discourage the flipping of residential units and confidence in property as an asset class has been restored, with prices rapidly moving towards the levels achieved prior to the global financial crisis in 2008....
The delivery of affordable housing has become a major conundrum across the entire MENA region in recent years. According to Jones Lang LaSalle, the affordable housing deficit across the MENA region stood at 3.5m units in 2011. The largest contributor to this is Egypt, which currently has a shortfall of 1.5m units, while Morocco and Saudi Arabia also have substantial...
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