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...
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...
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...
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.
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×