• Real Estate

    OBG’s real estate market analysis includes detailed information about supply and demand in the residential, commercial and retail segments. We cover major development projects by local and international investors and examine changes in the regulatory framework and bank lending practices.
Displaying 877 - 882 of 1243

Competition is set to heat up for high-end retail space in Abu Dhabi in the coming years as an expanding and affluent population, solid economic growth and increasing tourism drive retail activity. 

What impact do you see the recently announced government incentive to encourage more private investment in the hospitality sector having on the city in the medium term?

Although Dubai’s residential real estate market is dominated by cash buyers, mortgage transactions are on the rise amidst increasing demand. Between 2006 and 2014, mortgage volumes tripled, while in the 18 months leading up to March 2014, mortgages went up as a share of total real estate transactions, from 15% to 28%. By May 2014 mortgages accounted for 32% of total...

During the last real estate boom in 2006, Dubai was home to 30,000 cranes, 24% of the world’s total. Although many of these came to a halt as the local economy was hit by the global financial crisis, the city looks set to reclaim its title as the crane capital of the world, according to Simon Gray, the managing director of Chesterton MENA.

As Dubai prepares to stage the World Expo in 2020, the focus of development is shifting from the central axis and moving to secondary locations in the south and east. The Dubai Municipality’s medium-growth scenario forecasts a population of 2.8m by 2020, while city planners are aiming to accommodate 3.4m in time for the Expo. Consequently, another 25,000 ha of land will...

The delivery of affordable housing has become a major conundrum across the entire MENA region in recent years. According to Jones Lang LaSalle, the affordable housing deficit across the MENA region stood at 3.5m units in 2011. The largest contributor to this is Egypt, which currently has a shortfall of 1.5m units, while Morocco and Saudi Arabia also have substantial...