The Saudi city of Jeddah has witnessed a general slowdown across all its real estate sectors in the first quarter due to demand-supply mismatch and the country’s overall macroeconomic scenario, according to a report.
The office market in Dubai, UAE, continues to see strong demand for good quality, efficient, and well located accommodations, resulting in declining vacancy rates in key sub-markets, according to global real estate consultancy firm CBRE.
The real estate market in Riyadh, Saudi Arabia, witnessed varied performance across its real estate sectors during the first quarter of the year, said a report.
Both the residential and hotel market experienced a general slo
The residential property prices in Dubai, UAE, fell 10 per cent in the first three months of the year due to a strong dollar and also because buyers had less cash to spend following the oil price slump, said a report.
The Dubai re
Leading real estate expert JLL has expanded its specialist investment services capabilities with the appointment of Ben Roger-Smith as head of structured products for the Europe, Middle East and Africa (EMEA) region.
In 2016, a challenging macroeconomic environment including low oil prices and a stronger dollar, will continue to impact Saudi Arabia’s real estate market, along with a slowdown in GDP, government spending and overall liquidity, said an in
A challenging macroeconomic environment, including low oil prices and a stronger dollar, will continue to impact Saudi Arabia’s real estate market in 2016, along with a slowdown in GDP and government spending, said an industry expert.
Leading real estate expert JLL has signed an agreement with the Jeddah Chamber of Commerce and Industry (JCCI) to jointly launch a new housing index for the city.
The ‘JLL-JCCI Jeddah Housing Index’ is intended t
The delivery of 18,200 residential units across Dubai, UAE, will not happen as scheduled this year due to a number of issues including financing and contractual disputes besides delays over licensing/approval, said a report.
There will be a renewed focus from various stakeholders of the UAE property market on adding value to existing buildings rather than developing new ones, according to property expert JLL.
This trend is resulting in increasing dema