Construction in Dubai was a major factor in the expansive economic growth seen in the early 2000s. However, the sector has witnessed a slowdown in recent years as lower oil prices depressed consumer demand. This was particularly the case for real estate, which slowed building activity. The investment prospects associated with Expo 2020 and a raft of regulatory reforms aimed at attracting...
UAE: Dubai Real Estate
Chapter | Construction & Real Estate from The Report: Dubai 2020
Although Dubai has traversed some challenging economic territory over recent years the economic stimulus of Expo 2020 preparation and more stable oil prices have eased this strain in 2019, and business sentiment has improved accordingly. With the long-anticipated expo event set to take place in 2020, attention has started to focus on the important question of sustaining the current economic momentum over the medium term.
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Articles & Analysis | Emerging markets strive to solve housing deficits amid rising urbanisation from The Report: Dubai 2020
Urbanisation is a mega-trend redefining contemporary life in both developed and emerging markets across the world. This mass rural-to-urban movement of people and expansion of cities to absorb formerly isolated villages is a relatively recent phenomenon, at least in the developing world. According to the UN, in 1950, 751m people lived in urban...
Articles & Analysis | Dubai's construction sector puts finishing touches on Expo 2020 infrastructure from The Report: Dubai 2020
Construction in Dubai was a major factor in the expansive economic growth seen in the early 2000s. Indeed, it was a popular claim that the emirate was home to 20% of the world’s cranes at the height of the boom in 2006. However, the sector has witnessed a slowdown in recent years as lower oil prices depressed consumer demand. This was...
Articles & Analysis | Large US brokerage firm arrives on Dubai real estate scene from The Report: Dubai 2020
Despite the real estate market’s subdued performance, one of the largest brokerage firms in the US opened up a new office in the emirate, which is expected to boost investor confidence and reinvigorate the sector. In May 2019 Berkshire Hathaway HomeServices (BHHS) announced its arrival in the Middle East market with the opening of a new office...
Articles & Analysis | China's Belt and Road Initiative energises construction activity globally from The Report: Dubai 2020
From 206 BCE to 220 CE, China’s Han dynasty fostered a booming trade industry for silk, a precious commodity in high demand among the elites of the Mediterranean. The Silk Road was the name given to the network of trade routes connecting the East and West at the time. Later, spices and other precious cargo would be traded using the system,...
Articles & Analysis | Property related to Dubai Expo 2020 brings investment gains from The Report: Dubai 2020
The long-anticipated Expo 2020 will run from October 20, 2020 to April 10, 2021. Located close to Dubai World Central airport in Dubai South, the site of the event is expected to cover a total of 438 ha. Expo 2020 will be the first of its kind in the MENA region, and under the theme of “Connecting Minds, Creating the Future”, it aims to act as...
Articles & Analysis | Dubai encourages investment in the construction sector and first-time homeownership from The Report: Dubai 2020
Although Dubai’s real estate sector has experienced some downward pressure and declining returns for developers and contractors since the fall in oil prices that began in late 2014, the investment prospects associated with Expo 2020 and a raft of regulatory reforms aimed at attracting foreign investors have helped to stabilise the market, and...