GCC Real Estate Development 2013 | Roland Berger
Pub. Date: 15 January 2014

Many of the difficulties faced today by real estate developers in the Gulf Cooperation Council (GCC) can be traced back to the early 2000s. A construction euphoria, fuelled largely by government-backed petrodollars and the deregulation of regional property markets, had created very attractive real estate markets.
In some GCC countries the freehold system, allowing the complete ownership of ...

Qatar Hotel Market Review 2013 | Colliers International
Pub. Date: 14 January 2014

Corporate tourism is the primary driver for hotel demand in Doha accounting for 65% of total demand, while MICE is the second largest segment with a 8% share.
Qatar is expected to receive 3.5million international tourists for the FIFA World Cup in 2022.The government is developing the country’s leisure offerings with projects such as Lusail and Katara which are expected to increase ...

Serviced Apartments in UAE, KSA & Qatar Fostering High Returns December 2013 | Colliers International
Pub. Date: 14 January 2014

One of the key strengths of the Serviced Apartment Business Model is being able to change the target market profile between long and short stay to suit market conditions in order to achieve revenue maximization. Brand Strength is a strong driver of serviced apartment demand with GDS, Direct Bookings, and Hotel Website bookings accounting for 40% of total ...

UAE Residential Property Price Indices November 2013 | Reidin
Pub. Date: 9 January 2014

Residential property prices in Dubai housing market performed well in November, 2013. The Dubai Residential Property Sales Index for all residential increased by 5.8 points, from 239.5 to 245.3, which represents an increase of 2.44%mom. On the other hand, prices increased 22.4% yoy. Apartment sales prices registered an increase in November 2013. Prices increased 2.90% mom and 24.5% yoy. ...

Global House Price Index 2013 | Knight Frank
Pub. Date: 17 December 2013

The Knight Frank Global House Price Index, which tracks mainstream residential prices in 53 countries as well as Dubai and Hong Kong, has exceeded its pre-financial crisis high. Kate Everett-Allen looks at the latest results. The index now stands 4% above its previous peak in Q2 2008 and 12.7% above its financial crisis low in Q2 2009. Prices rose on average by ...

Kuwait Real Estate Economic Update December 2013 | NBK
Pub. Date: 16 December 2013

Kuwait Real estate data for October show sales rising by 15 percent y/y to KD251 million. October did very well considering the week-long Eid Al-Adha Holiday; thus only three weeks of data were present. Sector-wise, sales in the commercial sector saw a solid rebound from a weak September. Other sectors were softer, probably reflecting the short working month. 
The increase is the smallest ...

Africa Report 2013 | Knight Frank
Pub. Date: 15 December 2013

SUMMARY African economies have grown impressively since the turn of the millennium. A continent that has long been associated with poverty is now increasingly talked of in terms of its economic dynamism and burgeoning wealth. In 2000, The Economist notoriously labelled Africa as “the hopeless continent” but, just over a decade later, the magazine has published articles regretting this ...

Economic Insight Middle East - Q4 2013 | ICAEW
Pub. Date: 11 December 2013

ICAEW's Economic Insight Middle East warns that whilst GDP growth in the Middle East is above the global average and expected to remain steady in the short term, oil prices will drop as global supplies rise. The combination of the rapid expansion of US shale production and the loosening of international sanctions on Iran mean oil prices will continue to fall at the same time as demand from ...