What precautions can be taken to ensure that recent short-term growth in the real estate sector is not at the expense of medium-term stability?
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Interviews & Viewpoints | OBG talks to Sultan Butti bin Mejren, Director-General, Dubai Land Department from The Report: Dubai 2014
Articles & Analysis | Optimising assets: Facilities management is becoming an increasingly competitive field from The Report: Dubai 2014
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...
Articles & Analysis | Limiting risk: Measures have been taken to slow down the increases in prices from The Report: Dubai 2014
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.
Articles & Analysis | A viable alternative: Serviced apartments are showing strong demand from The Report: Dubai 2014
Supported by increasing tourist arrivals and the opening of several branded hotel chains, Dubai’s serviced apartment segment is poised for solid growth. The depth of demand for serviced apartments – so-called because a hotel operator provides services such as house cleaning, bed-making and Wi-Fi internet access – is closely connected to the...
The sultanate’s economy continues to enjoy the benefits of petroleum wealth, which has provided budget surpluses in most years and served as a backbone for growth. However, planning is well under way for an era in which oil will not be the main economic driver, with the twin goals of diversification and creating an increased number of private sector jobs at the top of the government’s current agenda.
Articles & Analysis | Track to the future: A regional rail network is expected to help realise trade potential from The Report: Oman 2014
One of the largest planned construction investment in the country is Oman’s national railway, estimated at $15bn. The government, funding the project with support from other GCC states, hopes that it will be a catalyst for economic diversification and underpin the long-term growth of sectors like manufacturing and logistics. The railway will link the major ports and...