Although Dubai’s real estate sector has experienced some downward pressure and declining returns for developers and contractors since the fall in oil prices that began in late 2014, the investment prospects associated with Expo 2020 and a raft of regulatory reforms aimed at attracting foreign investors have helped to stabilise the market, and...
Construction in Dubai was a major factor in the expansive economic growth seen in the early 2000s. However, the sector has witnessed a slowdown in recent years as lower oil...
Although Dubai has traversed some challenging economic territory over recent years the economic stimulus of Expo 2020 preparation and more stable oil prices have eased this strain in 2019, and business sentiment has improved accordingly. With the long-anticipated expo event set to take place in 2020, attention has started to focus on the important question of sustaining the current economic momentum over the medium term.
Urbanisation is a mega-trend redefining contemporary life in both developed and emerging markets across the world. According to the UN, in 1950, 751m people lived in urban areas; however, by 2018 this number had risen to 4.2bn, equivalent to roughly 55% of the world’s population. By 2050 the UN estimates that this figure will rise to 68%. This...
After some years of slowing growth, Kuwait’s real estate sector saw signs of a significant revival in 2018, with sales increasing and prices stabilising. At the same time, new projects are under way, with some of the first of a number of large-scale, mixeduse developments nearing completion. Better economic growth overall, fuelled by rising...
Kuwait’s residential real estate market has long been divided into two main segments: private residential housing, which is only available to Kuwaiti and GCC citizens; and investment housing, which usually involves apartments targeted at short-term, expat renters, but is also open to GCC nationals. With expatriates making up around 70% of the...
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