According to STR, the first half of Ramadan 2016 indicates that Mecca, Saudi Arabia, was the only major hotel market in the Middle East to experience an increase in revenue per available room (RevPAR) during the first two weeks of the holiday.
For those invested in the London property market, the deterioration in the value of sterling overnight will have erased any gains in recent years
Increased geopolitical unrest and low oil prices are having an effect on the UK, driving private Middle Eastern investors towards London-based property assets.
This week the Council on Tall Buildings and Urban Habitat (CTBUH) has announced that there are now officially 100 supertall (300-plus-meter) skyscrapers in the world following the completion of 432 Park Avenue in New York City.
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.
Global real estate markets are most vulnerable in economies with not just a greater dependency on oil but also in those with a high cost of oil production.
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 CBRE, Canada is the unrivaled global investor in U.S. real estate with nearly $10 billion of direct investments in 2014, ahead of Norway, China, Japan and Germany.
According to Cushman and Wakefield, Europe, Middle East and Africa (EMEA) will enjoy a significant increase of property investment activity in 2015.
According to the July 2014 STR Global Construction Pipeline Report, the Middle East-Africa hotel region reported 630 hotels under contract totaling 147,754 rooms.
Middle Eastern investors expected to spend over $180 billion in commercial real estate.
£3.38 billion worth of central London commercial property transactions took place in Q2 2014; this takes total H1 London investment to £7.6 billion.
Overseas commercial real estate investors are increasingly being drawn to UK regional cities.
According to the April 2014 STR Global Construction Pipeline Report, the Middle East/Africa hotel development pipeline comprises 581 hotels totaling 137,799 rooms.