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                Oman Trials Drones for Desert Locust Control

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                  Empowering Oman’s Future: Turning AI Vision into Practical Impact

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                  Oman’s Logistics Sector Gets $260 Million Boost with New Investment Deals

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                      Why the Middle East’s AI Strategy Needs More Than Just Large Language Models

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                      Middle East Businesses Ramp Up AI Investments as 91% Expect Productivity Gains

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                      Driving Middle East Growth: Accelerating AI and Cloud Adoption for Smarter Governance

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                      How AI Drives the Success of MENA’s Mega Projects

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                        • Power & Electricity
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                        Qatar Adds 875 MW in Solar Power, Boosts Renewable Energy Push

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                        Oman Breaks Ground on $1.6 Billion Marsa LNG Project in Suhar

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                        Iraq Targets 38,000 MW Power Boost with Siemens and GE Deals to Tackle Energy Shortages

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                        Iraq Allocates $763.5 Million to Expand Residential Solar Energy

                        Al Bilal Group Secures Licenses for 525 MW Solar Projects in Iraq

                        Al Bilal Group Secures Licenses for 525 MW Solar Projects in Iraq

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                        Iraq Begins Work on 921MW Al-Nasiriyah Power Plant

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                        Africa and Middle East Set to Add 2.9 GW of Onshore Wind Capacity in 2025

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                        Iraq’s Solar Energy Push Draws Interest from 150 Companies

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                        • Hospitality
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                          Baghdad Welcomes Major Hotel Opening Ahead of Arab Summit

                          Unlocking Growth: Key Opportunities in the Middle East Hospitality Market

                          Unlocking Growth: Key Opportunities in the Middle East Hospitality Market

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                          Oman Charts a Visionary Course Toward Tourism-Driven Growth and Economic Diversification

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                          Qatar Set to Welcome Record 5.3 Million Tourists in 2025

                          Business Travel in MENA Projected to Hit $270.8 Billion by 2030

                          Business Travel in MENA Projected to Hit $270.8 Billion by 2030

                          Qatar Ranks Second in UN Tourism Online Academy Participation

                          Qatar Ranks Second in UN Tourism Online Academy Participation

                          Qatar’s Hotel Market Set for Strong Growth, Revenue to Near $537 Million in 2025

                          Qatar’s Hotel Market Set for Strong Growth, Revenue to Near $537 Million in 2025

                          Can Iraq Become the Region’s Next Tourism Success Story?

                          Can Iraq Become the Region’s Next Tourism Success Story?

                          Oman’s Tourism Sector to Create Over 500,000 Jobs and Attract $49 Billion by 2040

                          Oman’s Tourism Sector to Create Over 500,000 Jobs and Attract $49 Billion by 2040

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                          UAE property market shows more signs of recovery

                          ifpinfo

                          April 28, 2013
                          in Infrastructure, Real Estate
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                          A recently published report proves that the UAE property sector is showing more signs of recovery from the impacts of the global financial crisis. According to the report, a total of 40 projects worth AED 131 billion ($36 billion) were launched in 2012 and the first quarter of 2013. The majority of these projects will be completed in 2 to 6 years and will be ready by 2018.

                          The report has monitored the different variables in the real estate market and has shown a drive towards building a more sustainable and mature market thanks to the support from Dubai authorities, as well as the efforts of the private sector that is keen to keep pace with developments in the city.

                          The report emphasizes that local governments played a vital role in enhancing the performance of the real estate sector and support the market by supporting the developers or by launching mega projects which have helped in security recovery and resumption of growth.

                          The report also points out that the major development projects announced in Abu Dhabi, Dubai, Sharjah, Ajman and other Emirates would enhance the UAE’s economy and will contribute in diversifying sources of income.

                          Abu Dhabi has announced development projects worth AED 66 billion in the next five years, which will drive growth related to infrastructure, which is the basis for sustainable development.

                          The report stressed that the real estate sector companies are looking for the potential opportunities in the mega projects to ensure that there is an ongoing activity and stability in development. 90% of the real estate projects covered in the report were launched in Dubai while other emirates controlled 10% of the rest. Dubai has announced three projects this year so far including Blue Waters (AED 6 billion), Palm Mall and The point (AED 3.3 billion).

                          The report pointed to the dramatic changes in the real estate developments as the focus now goes to building complete cities, while the recreation and tourism projects evolved remarkably in 2013. Most of the recently launched projects are based on sustainability concepts as the UAE sees sustainability as strategic approach to be a world leader in green economy and the knowledge based economy. The report stressed that the quality of new projects reflect the new trend among developers who are more keen to implement standards of sustainability and green building in order to make profits and reduce costs. Audit reports indicate that buildings consumption of energy can be reduced by 20% through good design and the use of sustainable materials.

                          Arab and Foreign investors injected AED 58.6 billion in Dubai Property Sector in 2012, which strongly signals the recovery of the property sector and increasing growth. Total property transactions in Dubai hit AED 43 billion, a growth of 60% compared to the same period in 2012. The UAE investors maintained their leading position in transactions especially in terms of the sale and purchase of land.
                          ifpinfo
                          28 April

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