Most Expensive Cities to Build Worldwide

Tower 3-construction

The world’s most expensive cities to build and a few locations where the cosntruction cost is very high have been outlined by a new research, which is based on a comparative cost assessment. It examined the construction costs in a total of 43 locations and focused on 13 types of buildings. The most expensive location […]

Construction Work Begins on Expo 2020 Site

Dubai Expo 2020

Construction work is about to begin on Dubai’s Expo 2020 site, after the initial phase of the original Master Plan has been completed, officials said last week. The Expo Preparatory Committee announced the appointment of a consortium, made up by two companies, which will handle the mandatory Registration Phase. Read more: Dubai Expo 2020: 10 […]

Dubai ambitious projects may pose risks

Mall of the World

Last week, Dubai once again announced a new mega-project, called Mall of the World. It will comprise of the largest shopping mall worldwide, hotels and shopping streets. Requiring a massive investment of $6.8 billion, the ambitious project together with the potential overbuilding is raising concerns about the risks of repeating the 2009 property market crash […]

New incentives for investors to build hotels in Dubai

Dubai Holding today introduced new commercial incentive packages to encourage hotel and leisure industry investors to enter the three and four-star hotel segment. The step comes as part of Dubai Holding’s strategy to further support the development of Dubai’s tourism sector and in particular the objectives outlined in the Emirate’s Tourism Vision 2020. Read more: […]

Shortage of Half a Million Construction Workers Strikes Dubai

Tower 3-construction

Dubai’s rapidly growing real estate sector caught unprepared not only residents, but also the construction sector. According to a recent research, the emirate will face a shortage of 500,000 construction workers. Read more: Shortage of Half a Million Construction Workers Strikes Dubai Dubai’s rapidly growing real estate sector caught unprepared not only residents, but also […]

New Massive Project Announced in Dubai Healthcare City

Dubai-based MAG Group has signed a joint venture (JV) agreement with Dubai Healthcare City to develop approximately one million square feet mixed-use project in Dubai Healthcare City at an estimated cost of around AED 800 million. Read more: UAE Consumer Confidence Rises Steadily UAE consumer confidence increases with a steady pace, according the the most […]

Dubai Reveals World Expo 2020 Plans for Investments, New Construction Projects

World Expo 2020

New details on Dubai’s plans for World Expo 2020 were unveiled yesterday during an investment conference in the city. From the government to property developers and healthcare providers, all investment and business-related entities have laid out ambitious World Expo 2020 plans. Read more: UAE Consumer Confidence Rises Steadily UAE consumer confidence increases with a steady […]

MENA cities’ population to reach 226 million by 2020

People participating

More than 226 million people will be living in cities throughout the Middle East and North Africa (MENA) by 2020, accounting for nearly 62 percent of the region’s total population, the United Nations (UN) has estimated. Read more: Youngsters Represent a Minority of UAE Population UAE has the lowest percentage of young population compared to […]