The vital importance of market data for real estate market stakeholders

Who worries about data?   Both developers and investors, from homeowners to REITs, are critically dependent on accurate real estate data. Whilst actual purchase and sale prices are specific and recordable, both comparisons and forecasts are reliant on market indices. Active market participants will also need to make use of yield, construction cost, land price, […]

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Kuwait’s retail sector remains robust, bucking regional trend: Kuwait Property Market Report by Cavendish Maxwell

Report gives sector-level analysis across residential, retail, office, industrial and hospitality property Includes pricing research and analysis of real estate trends in Kuwait in 2018 and 2019 Key projects and master developments as part of New Kuwait 2035 Plan   Cavendish Maxwell, a leading property consultancy and chartered surveying firm in the Middle East, released […]

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New 250,000 barrels/day refinery for bunker fuel to be built in Fujairah

BPGIC to develop new refinery providing cleaner fuel for ships First phase to be completed by Q1 2020 Storage capacity to increase to approximately 1 million cubic metres   UAE-based terminal operator Brooge Petroleum and Gas Investment Company (BPGIC) is to build a new refinery in Fujairah. The proposed refinery will produce 250,000 barrels/day of […]

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Saudi Arabia’s diversification strategy of non-oil growth and vision of 2030

Positive results for Saudi Arabia’s economic reforms Consumer price index inflation due to VAT introduction and energy prices Increased oil and non-oil revenues despite Q1 2019 budget   After the recently concluded article IV consultations with Saudi Arabia, the International Monetary Fund (IMF) has announced that the kingdom’s economic reforms have started to yield positive […]

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New construction contracts awarded for major projects in Abu Dhabi and Dubai

GCC awarded construction contract for Abu Dhabi’s Jubail Island mega-project Jubail Island to feature more than 800 residential properties Arabtec awarded contract for the construction of 322 villas in Dubailand   Jubail Island Investment Company (JIIC) has appointed Gulf Contractors Company (GCC) to prepare Jubail Island for construction, according to a recent statement. JIIC are […]

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