This week UAE's Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum announced Dubai's newest mega-project, the Mall of the World, located along Sheikh Zayed Road in Dubai.
Where transparency broadens, real estate capital flows and market change follows. JLL now reports this trend has finally made its way to one of the "final frontiers" of commercial real estate:
According to the latest research from global property advisor CBRE Group, Inc., Middle Eastern investors are expected to spend US$180 billion in commercial real estate markets outside of their own region over the next decade.
The four largest malls in the Omani capital account for 40% of the total gross leasable retail area across the city.
An upsurge in economic confidence following Dubai's World Expo 2020 win, has led to heightened demand for commercial office space
International occupiers of office and industrial space have demonstrated renewed confidence in Dubai.
Global property investment transactions totaled $1.18 trillion in 2013
Infrastructure improvements are set to majorly improve Dubai's connectivity in the lead up to Expo 2020.
Bahrain's Al Salam Bank has announced the launch of a real estate investment trust that invests in Asian properties.
Record levels of activity were recorded in the EMEA real estate outsourcing market over the last 12 months, according to a new report from CBRE. The number of EMEA corporates requesting information to outsource their real estate function increased 40 percent.