TASWEEK Real Estate Marketing & Development evaluates AED 1.5 billion Abu Dhabi & Dubai investments Healthcare & Retail developments could be added to portfolio soon April 7, 2010 TASWEEK Real Estate Development and Marketing, an Abu Dhabi-based advisor and solutions provider serving the local and the Middle East real estate markets, has evaluated and completed due diligence on properties in Abu Dhabi and Dubai worth AED 1.5 billion in total. The projects have the potential to bring in a minimum net income profit of AED 300 million for the company over a period of three years. All projects within the portfolio must be classified and qualified as trophy assets that have components of Location, Facilities, Amenities and Quality which makes them fundamentally strong assets.
WAM Dubai, 5th April 2010 (WAM) - Arabian Construction Week, the region's international exhibition incorporating three dedicated vertical trade exhibitions and two regional summits on sustainability, innovation and infrastructure, will host over 150 exhibitors showcasing 100's of the latest products and construction solutions, 600 delegates and industry professionals.
To be held from 24-26 May at the Abu Dhabi National Exhibition Centre (ADNEC), the Arabian Construction Week will cover over 8,000 sq metres of exhibition space to host Future-Build Middle East, Green Building Middle East and Civil Engineering Middle East. Over 5,000 industry leaders, developers, contractors, consultants, government bodies, financiers, urban and planners architects are expected to attend the events.
Christopher Hudson, Managing Director of Mecom Forums and Clarion Events partner, said: "The Arabian Construction Week is set to become the leading industry event in the region for companies seeking new business development and networking opportunities. Over 150 companies have already booked space at the event that is also anticipated to draw a significant number of trade visitors." Showcasing premium sustainable construction products, Green Building Middle East will display the best sustainable construction products from around the world and introduce key organisations and individuals shaping the industry in the region.
Residential sector gains 70 per cent share of real estate market - Jiwar Real Estate Management & Marketing April 4, 2010
The Kingdom of Saudi Arabia will need around 1 million new homes over the next five years to keep up with an estimated 3.3 per cent compound annual growth rate (CAGR) in demand, according to a study by Saudi-based Jiwar Real Estate Management & Marketing, a leading real estate company in the Gulf region and the marketing arm of the Saudi Bin Laden Group. This pace translates to around 5.5 million required units by 2014.
The residential sector has grown substantially to account for 70 per cent of the Kingdom of Saudi Arabia’s real estate market. Housing demand has risen steadily over the recent years due mainly to a young and rapidly growing population constantly seeking affordable homes. The other 30 per cent is distributed among offices, retail outlets, hospitality and industrial sectors.
The study also revealed that the short- to medium-term domestic residential outlook is very positive as demand is expected to surpass supply by 50,000 units annually over the next four to five years. The Saudi residential sector, which encompasses villas, apartments, duplexes, traditional houses, and residential compounds, is geographically divided into three main local regions; the Central Region (Riyadh), the Eastern Province (Al Khobar, Dammam and Dhahran) and the Western Region (Jeddah, Makkah and Madinah)
TASWEEK Real Estate Development and Marketing, an Abu Dhabi-based advisor and solutions provider serving the local and the Middle East real estate markets, has evaluated and completed due diligence on properties in Abu Dhabi and Dubai worth AED 1.5 billion in total. The projects have the potential to bring in a minimum net income profit of AED 300 million for the company over a period of three years. All projects within the portfolio must be classified and qualified as trophy assets that have components of Location, Facilities, Amenities and Quality which makes them fundamentally strong assets.
The Kingdom of Saudi Arabia will need around 1 million new homes over the next five years to keep up with an estimated 3.3 per cent compound annual growth rate (CAGR) in demand, according to a study by Saudi-based Jiwar Real Estate Management & Marketing, a leading real estate company in the Gulf region and the marketing arm of the Saudi Bin Laden Group. This pace translates to around 5.5 million required units by 2014. 
Home