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...
UAE: Dubai Real Estate
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Articles & Analysis | Dubai's need for affordable housing presents challenges for developers from The Report: Dubai 2015
Interviews & Viewpoints | Hesham Abdulla Al Qassim, CEO, wasl Asset Management Group: Interview from The Report: Dubai 2015
What impact do you see the recently announced government incentive to encourage more private investment in the hospitality sector having on the city in the medium term?
Articles & Analysis | Dubai's developers and investors alike on the road to recovery from The Report: Dubai 2015
With a robust rate of economic growth over the past year contributing to rapidly increasing residential sales prices, confidence has gradually returned to Dubai’s property market despite the impact of the global economic crisis of 2008-09. In late September 2014, at the 13th annual Cityscape Global exhibition – an informal barometer of the real estate climate in the...
Chapter | Construction & Real Estate from The Report: Dubai 2015
The value of infrastructure contracts awarded in the UAE in 2014 is expected to increase by more than five times, to $15.2bn. This rising trend is reflected in Dubai’s construction sector, which accounted for about 8% of GDP in 2013. The sector’s growth has been driven by projects linked to higher tourism numbers and upcoming international events, and Dubai Expo 2020 in particular. Expo 2020...
In many respects 2014 marked the transition from strong recovery to promising growth for Dubai. With many exciting projects in the pipeline, not least the hosting of Expo 2020, the emirate is continuing to build on its reputation as a dynamic and international centre for business.
The real estate sales market in Dubai has outperformed the rental market in the last year, sparking a squeeze in yields and prompting concerns that the fundamentals of the market are becoming skewed.