As the global economy becomes increasingly digitised, the Dubai Land Department (DLD) and its legal arm, the Real Estate Regulatory Agency (RERA), have aimed to stay ahead of the curve. In May 2018 they announced that they had begun developing the Real Estate Self Transaction (REST) platform, an online portal that will enable all aspects of...
Even as a years-long softening in the rental and sales prices of Dubai’s real estate continued in 2018, industry experts agree that any further market corrections from the highs of 2014 that have not yet played out will not extend beyond 2020. Moreover, amid the decline in average property prices, the sector has grown considerably both in...
The performance of Dubai’s industrial real estate was mixed in 2017. Even as achieved rents for grade-B stock fell significantly in 2017 and the first quarter of 2018, achieved rents of grade-A stock in Jebel Ali Free Zone and Dubai Investments Park grew by 16.7% and 6.7%, respectively, according to the latest issue of Knight Frank’s “UAE...
With forecasts suggesting that Dubai’s population will grow from 3m in 2017 to 5m by 2027, affordable housing is set to become an increasingly pressing issue in the emirate. “A lot of the supply in Dubai is mismatched, compared to where the actual demand is,” John Allen, director of valuation and advisory at Asteco, told OBG. “Traditionally,...
Dubai’s economy went through several years of expansive growth in the years following the turn of the millennium, with much of this driven by an active and rapidly expanding construction sector. Indeed, such was the pace and scale of activities at the time that a popular claim had it that the emirate was home to around 20% of the world’s...
With a dynamic local building materials segment bolstered by various upcoming projects, Morocco has the potential to develop a thriving construction sector. According to the Ministry of National Planning, Urban Planning, Housing and Urban Policy, the construction sector accounts for 6.3% of GDP. Sector growth is principally influenced by...
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