For three days in early October 2013, Cityscape Global took centre stage in Dubai’s resurgent real estate market. The annual property industry gathering is the ultimate barometer of confidence in Dubai bricks and mortar. Underscoring the strength of positive market sentiment, the 2013 event was the largest in four years, with major announcements...
What precautions can be taken to ensure that recent short-term growth in the real estate sector is not at the expense of medium-term stability?
The facilities management (FM) industry in Dubai has matured rapidly over the past three years, scaling up as owners and developers seek to optimise their real estate assets in an increasingly competitive market. At a total current value of around $1.5bn, the industry is expected to trend positive through 2014 on the back of a slate of new...
What measures are being put in place to ensure the sustainability of Dubai’s economic recovery?
Boosting economic integration among the Gulf states has been a central objective of the GCC since the organisation was established in late May 1981. Indeed, while the six countries that make up the GCC – namely Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE – have implemented joint projects in a wide variety of sectors, economic...
Residential real estate prices are rebounding strongly, prompting the IMF to warn in July 2013 that “action will need to be taken to prevent a bubble”. The government has since implemented a series of changes to regulations aimed at cooling the market and dampening the effects of speculation.
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