Asia Square Tower 1 has been sold by a BlackRock advised fund to the Qatar Investment Authority (QIA) at approximately $2.45 billion U.S. dollars.
Increased geopolitical unrest and low oil prices are having an effect on the UK, driving private Middle Eastern investors towards London-based property assets.
According to CBRE, during the first half of 2015, $11.5 billion of capital flowed out of the Middle East into direct real estate globally.
According to CBRE Group, an average of $15.0 billion per year will flow out of the Middle East into direct real estate globally in the near-term.
Shopping centres across Europe, the Middle East and Africa (EMEA) are now the preferred destination for eating and drinking, says a new report by CBRE.
Even with the significant drop in oil prices in the second half of 2014 and the start of 2015, investors from the Middle East continue to have a strong appetite for real estate investment globally.
According to STR Global, the Middle East-Africa region reported positive year-over-year performance results in two of the three major metrics during January 2015 when reported in U.S. dollars.
The publicly-traded Qatari property company Barwa Real Estate announced a sharp drop in net profits for the first half.
Wyndham Hotel Group recently announced plans to enter the U.A.E. with its first property in Dubai.
Wyndham Worldwide Corporation has announced plans to enter the United Arab Emirates with its first property in Dubai. The hotel group signed an agreement with Sigma III Limited, a subsidiary of British developer The First Group.
This past week the distinctive and innovative Doha Tower was named Best Tall Building Worldwide by the Council on Tall Buildings and Urban Habitat tonight in a ceremony in the Illinois Institute of Technology's seminal Crown Hall.
Real estate markets across the the United Arab Emirates (U.A.E.) are recovering. After three years of declining rates and limited sales activity, rents are rising again at quality villa developments and several developers are back in the black. Some, however, are not.
According to according to STR Global, many hotel markets around the world posted positive performance results in June, despite lingering economic concerns. STR Global reports hotels in the Asia/Pacific region experienced positive results in all three key performance metrics for June 2012 when reported in U.S. dollars.
The Rezidor Hotel Group, one of the bigger hospitality companies in Europe and MENA markets, continues to grow stronger roots in the emerging markets. According to its recently reported second quarter results, the Rezidor Hotel Group opened five hotels (1,300 rooms) and signed 10 more hotels (2,300 rooms), outpacing its previous year's quarterly results. Overall, the company has now opened nine new hotels for the first six months of the year, accounting for 2,300 rooms and added 16 others or 3,700 rooms.
When it comes to doing big real estate deals in the Mideast, there are few countries that can swing them as easily as Qatar, one of the smallest and wealthiest nations on the globe. Bawabat Al Shamal Real Estate Co. (Basrec), a joint venture between Al-Futtaim Real Estate, Qatar Islamic Bank and Aqar Real Estate Development and Investment, has signed a QR3.7 billion ($1.01 billion U.S.) syndicated facility to fund the development of its Doha Festival City project.