The economy is being driven by strong demand across government, consumer and private sectors.
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 continues to benefit from strong economic performance driven by expansion in the production and sales from the hydrocarbon sector.
The UAE is benefiting from “a broadly favorable global environment” according to the IMF.
While completions were limited in Q2, Abu Dhabi's supply pipeline will continue to generate over-supply for most asset classes.
The investment market continues to polarize, with most interest coming from private rather than institutional investors.
The impact of massive government investment in infrastructure and the recent SAR 500 billion stimulus package are starting to filter through into the Jeddah real estate market.
While the global economies cautiously stepped onto the road to recovery in the second half of 2011, current unrest in certain parts of the Middle East and soaring oil prices are posing new questions about future hotel performance.
Land trading remains the most active sector of the real estate investment market in Saudi arabia. Trading volumes have increased in the Riyadh market, driving up land prices during Q1 2011.
Abu Dhabi's real estate markets have entered a phase of oversupply as major projects, launched during the boom period, approach completion amid a demand lull.
19 February
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.
The popular uprisings in Egypt’s Tahrir Square earlier this year marked the end of President Hosni Mubarak’s rule but cost the lives of 846 residents and injured 6,000 more.
Hilton Worldwide has partnered with the Al Habtoor Group to convert two hotels in Beirut to the Hilton brand and to develop the very first Waldorf Astoria property in Dubai.
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