Renewed demand for more affordable housing in Abu Dhabi has come about as a downward readjustment of housing allowances has strained rents in the high-end residential sector. Developers are now shifting their strategies to include new mid-market developments. This has enabled double-digit returns on rental yields for some, making the mid-...
In 2017 Abu Dhabi’s construction sector should begin recovering after global oil prices reached their pain point in 2016, ending the year two-thirds higher than in January following a landmark OPEC deal. Stabilising oil prices allowed the government to reduce spending cuts, and the industry’s long-term outlook remains positive since the Abu...
In recent years Sri Lanka’s real estate market has experienced intensifying demand for grade-A office and commercial space from both domestic and foreign establishments. Such space is scarce in the capital and almost non-existent outside Colombo. Although several projects expected to supply a large amount of premium commercial space are in the...
A surge in construction activities is in the process of transforming the island’s economy and skylines. However, it will be more likely to achieve sustained success if it is backed up by a ready supply of quality, low-cost, and domestically produced materials.
Referred to by one industry stakeholder as one of the most promising in Asia, Sri Lanka’s real estate sector is experiencing unprecedented levels of growth. Although Colombo’s high-end luxury property such as hotels, condos and retail outlets comprise the main draw, other areas – such as Galle and Colombo’s suburbs – are also receiving...
Across the island, a wide-ranging infrastructure development campaign is unrolling to expand Sri Lanka’s production capacity, efficiency and productivity, with the added aim of reducing regional disparity. Building and infrastructure projects are expected to strengthen the country’s economy, with the ultimate aim of achieving high-income,...
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×