the residential sector is forecast to continue its upward trend for sales and leasing rates in 2013, while the office sector is likely to remain under stress.

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Dubai’s residential market on the rise

Lease rates have risen by an average of 17% over the past year, according to new statistics from CBRE.

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MENA investors focus on Europe

Middle East real estate investors accounted for 12% of the European market in the second quarter of 2012, according to CBRE.

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Hot Topics Standard & Poor’s analysis of the Bahrain economy revealed GDP growth of 2.2% in 2011, and forecasts of 3.5% and 4.1% in 2012 and 2013 respectively. Foreign Direct Investment into Bahrain in 2011 amounted to around USD 300 million despite the civil unrest. Despite global uncertainties in... Read more
Hot Topics Dubai’s 2012 Budget allocates 41% of total value towards the infrastructure, transportation and economic development sectors. Prime office lease rates remained unchanged for the fifth straight quarter, while secondary and tertiary locations experienced drops of up to 9% year-on-year. The first signs of upward lease movement for... Read more
Dubai retains pulling power for international retailers
The United Arab Emirates (UAE) is the world’s second most international retail market, while Dubai is the second most targeted city for international retailers, according to the 2012 edition of How Global is the Business of Retail? by leading global property adviser CBRE. CBRE’s annual survey mapped the global... Read more