Global and local oversupply of many key building materials has helped keep construction costs relatively stable in recent years, with Dubai’s streamlined logistics infrastructure helping to ensure the emirate does not fall foul of some of the transportation bottlenecks experienced elsewhere in the Gulf. Ahmad Thani Al Matrooshi, managing...
Tighter budgets as a result of a protracted period of low oil and gas prices and global economic slowdowns, could well turn the mid- to low-range real estate market into a new haven for investors in Dubai, with many now looking for good-quality, affordable property. Indeed Dubai’s real estate market has been witnessing a shift away from the...
Although perhaps no longer able to boast more cranes operating within its boundaries than in all the other cities of the world put together, Dubai is still comfortably one of the world’s leading centres for the construction industry. Major projects continue to roll out, while existing ones finish off or evolve into new developments. From a new...
In the wake of the 2008 global financial crisis, banking sectors around the world introduced steps to mitigate future risks and create more stress-resilient financial institutions with the Basel III regulations. Due to their effects on bank liquidity, these requirements could have important implications for Kuwait’s real estate sector. As the...
Across the GCC, governments have strengthened their commitments to major capital expenditure in spite of the prevailing oil price environment. To offset the cost of this spending, officials have been working to recruit help from the private sector through public-private partnerships (PPPs). In November 2015 authorities in Dubai implemented a...
The construction industry in Kuwait is among the strongest in the region and a rising star in the country’s non-oil economy, with its steadily growing population, tightly regulated land market and relatively wealthy populous all combining to fuel demand for new building. Between 1995 and 2013, Kuwait’s population doubled from 1.8m to 3.6m,...
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