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UAE Construction Market Intelligence - Q1 2024

UAE Construction Market Intelligence – Q1 2024

by JLL - Despite ongoing local and global challenges such as persistent inflation, elevated interest rates, and geopolitical tensions, the UAE projects market remains positive. As of Q1 2024, it is estimated at $590 billion or a 15% share of the overall Middle East and North Africa total pipeline value of $3.9 trillion. Residential projects are projected to account for $125 billion (21%), while...

Property & Construction Handbook - 2023

Property & Construction Handbook – 2023

by AECOM - As the global economy continues to face considerable headwinds amidst a year of positive market growth, the risk of a global recession lingers as geopolitics, energy and economic shocks are sustained. Inversely, the outlook for the MENA region, specifically the GCC remains strong as diversification plans continue at a rapid pace and oil prices remain robust. While the recovery for the...

Property & Construction Handbook - 2022

Property & Construction Handbook – 2022

by AECOM Reflecting on the global economic recession brought on by the coronavirus pandemic, the overall global economy is experiencing a robust and rapid rebound, particularly in advanced economies. While this recovery remains positive, caution is required. Mounting debt levels, the potential for additional pandemic waves, new variants, delays in agreement of international vaccination policies,...