To what extent do you think the issue of investor confidence has been addressed?
Despite the lingering effects of the 2008-09 global economic downturn, contractors, property developers, materials suppliers and other players are broadly optimistic about the construction industry in Dubai.
Facilities management (FM), the interdisciplinary field that has grown around the servicing of residential developments, commercial spaces, and public and private infrastructure such as schools, hospitals and hotels, is relatively new, even among developed economies. Across most of the MENA region it is in its infancy. Yet, in Dubai, the recovery...
The real estate market is poised for improvement in 2012 and 2013, as the emirate works to regain its reputation as a leading regional destination for investment.
The construction sector in Dubai was hit hard by the 2008-09 global economic downturn. Indeed, the constraints on financing slowed the pace of building work altogether and made many investors cautious about stumping up money before projects were completed. In mid-2011 and 2012 the market began to turn around slightly, buoyed by steady development...
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