As demand for quality space in Yangon has multiplied since the lifting of sanctions, Myanmar’s construction industry has come under intense pressure to raise its standards and technical know-how. Local construction materials, equipment, expertise, workmanship, and safety of worksites and occupied buildings are all behind international standards...
The emirate posted robust economic expansion across all sectors in 2013, and its resilience in the years following the global economic downturn has helped to re-build confidence among the global business community. Dubai has set itself the target of reaching 20m visitors per year by 2020 and the emirate received a major boost to this end when it won the right to host World Expo 2020 in November 2013.
Affordable housing is a government-driven segment in Dubai. Subsidised housing is exclusively for Emiratis, and private developers eschew the low-margin segment in favour of mid- to high-end residential projects. However, market dynamics are changing on the back of Dubai’s successful Expo 2020 bid. With over 270,000 new jobs expected to support...
The speculation-driven market crash saw property prices in Dubai slump by up to 65% between 2008 and 2009. Despite the shrinking amount of projects throughout the market downturn, the number of construction companies held fast at pre-crisis levels, resulting in strong competition and lower margins. Recent developments nevertheless provide cause...
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...
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