The sheer size of the Saudi Arabia market driven by a growing, young population with a high disposable income represent good long-term potential for brands entering the market, said an industry expert.
“The Saudi retail mark
Colliers International, a global leader in real estate advisory, said it has acquired Flanagan Arabia, a specialist project management, quantity surveying, space planning, workplace and cost consultancy.
A wholly owned subsidiary
RAK Properties, Ras Al Khaimah’s leading property developer, has commissioned Colliers International, a major real estate services firm, to manage the retail development consultancy for its complexes at Julphar Towers and Mina Al Arab.
Investors in the Middle East stated an appetite for hotel and residential assets above the other asset classes, with residential in Saudi Arabia and hotels in Egypt the most popular investment targets in a recent survey.
Seventy per cent o
Majority of the investors in Middle East region are focusing on overseas investments as part of their risk-reduction strategy, according to a new survey by Colliers International, a real estate services firm.
Colliers survey said
Dubai house prices fell 6 percent on the year in the third quarter to their lowest level since the second quarter of 2009, due to the seasonal summer slowdown and tough financing conditions, Colliers International said on Sunday.
Dubai house prices climbed 2 percent year-on-year in the first quarter, their first annual rise since the 2008 financial downturn, but oversupply would pressure prices going forward, Colliers International said on Sunday.
Prices in the emi
House prices in Dubai, hit hard by the global downturn, registered a second quarterly rise in the fourth quarter but fell in December as the emirate's debt crisis dampened sentiment, according to a report by Colliers International.
House prices in Dubai, which has been hammered by a property downturn in the wake of the credit crunch, rose for the first time in a year in the third quarter, Colliers International said on Tuesday.
The Gulf emirate, home to the world'
Colliers International, the global real estate consultancy, today released the Dubai House Price Index for Q1 2009, which indicates a decline in the overall index of 41 per cent for the first three months of 2009.
The index, compile