The number of transactions and enquiries is expected to continue rising in 2012 with the supply/demand gap narrowing.
The economy is being driven by strong demand across government, consumer and private sectors.
Since our Dubai property market update went to press in July 2011 we have been through what is traditionally the quiet time of the year for the UAE, further enhanced this year by the coming together of the traditional leave month of August and Ramadan.
There was little meaningful indication of a business rebound in Bahrain in the early part of Q3, although this was not entirely unexpected given that the combination of summer and Ramadan, are typically associated with a market slowdown.
The Abu Dhabi Government is continuing to rationalise its projects and implement major restructuring plans in some of its most important entities, making it more responsive to market conditions.
Jeddah residential market gained momentum with a robust upward trend as average prices and rentals continued to increase across the city.
Qatar’s economy continues to see positive growth and is expected to continue to do so as the country benefits from infrastructure spending in advance of the 2022 World Cup.
Following the previous strong declines in the apartment sector, tenants have taken the opportunity to move to better quality accommodation.
Apartment rents have fallen on average by 6% compared with last quarter as shown in the Real Estate Monitor. This represents a small reduction in the rate of decline witnessed over the preceding three quarters.
Highlights and analysis from Dubai's residential and commercial property markets during the third quarter of 2011.
Conditions in the real estate sector remained testing as the market tussled with the impact of the traditional summer dip, and the modest pace of economic recovery both locally and globally.
Throughout the last quarter, Bahrain has continued a fragile recovery towards political stability after the period of anti-government hostilities witnessed in the first half of the year.
19 February
The redevelopment of Riyadh’s urban heartland is picking up pace with the emerging King Abdullah Financial District the first in a series of groundbreaking projects redefining the skyline and positioning the city as a world-class financial hub.
The South-East Asian island has seen a number of distinctive developments come to fruition over the past few years as the country further establishes itself.
The announcement that the 2022 FIFA World Cup will be held in Qatar has had significant impact on the country as it prepares to host one of the most anticipated sporting events in the world.
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