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...
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....
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...
While the general outlook for global shipping remains underwhelming, the route into the region has been performing strongly. In October 2014 the energy analysis and research firm, Platts, reported that there was an undersupply of ships serving the Gulf. This has led to a sharp spike in rates in the region and the diversion of several Aframax...
With a long tradition in boat building and a central location on one of the world’s busiest shipping lanes, Dubai remains a serious player in the shipbuilding industry. The UAE, as a whole, invested between $170m and $220m on boat design and boat building in 2013, according to the Dubai Council for Marine Industries and Drydocks World. While this includes pleasure crafts...
With a strategic position near the Strait of Hormuz, Dubai has always been a natural location for a port serving its hinterland, and the emirate has a longstanding maritime tradition. Furthermore, following the development of Jebel Ali Port, which now has the largest man-made harbour in the world, Dubai has emerged as a serious player in the global maritime industry....
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