Skip Ribbon Commands
Skip to main content

News Release

UAE

JLL MENA prepares for Cityscape Global 2013

Dedicated stand to host launch of three new reports highlighting regional investment trends and return in confidence in Dubai real estate market.


​​JLL MENA, the world's leading real estate investment and advisory firm, is finalising its plans for what will be an exciting Cityscape Global in Dubai next week. The firm will be the only global real estate consultancy with a dedicated stand and will be hosting a series of events in Hall 7, Stand 7D01 throughout the week, including the unveiling of three major reports. This includes its eighth annual Real Estate Investor Sentiment Survey (REISS 2013), the latest Dubai Quarterly Real Estate Report (Q3, 2013) and aLondon residential report.

The findings of the eighth annual edition of JLL MENA’s Real Estate Investor Sentiment Survey for the Middle East and North Africa region are positive about Dubai, with more potential investors than sellers and a significant weight of money continuing to search for a home in the domestic market. Improving fundamentals and the weight of investor interest has also resulted in yields declining in most sectors of the Dubai market with potential buyers willing to pay higher prices. The report also shows that regional investors remain active on the global real estate stage. Full details will be unveiled on 8th October.
 
The anticipated buzz at this year’s event is also reflected in the return in confidence in Dubai’s real estate sector. Residential prices in Dubai have risen significantly over the past twelve months resulting in increased debate on how sustainable these increases are and whether Dubai is in danger of creating another bubble similar to that which burst as a result of the global financial crises. According to Alan Robertson, CEO of JLL MENA in the Middle East and North Africa: “Many of the new project announcements are as ambitious as ever but we are seeing a more mature and considered approach which will benefit the long term health and credibility of the real estate sector amongst domestic and international investors. There have been a number of new regulations announced and developers are increasingly recognising that the key to the success of individual projects is a realistic phasing strategy in line with market demand.”
 
 
The third report the firm will be announcing is its latest Central London residential report which shows that the city remains a major target for Arab investors who have shown a continued interest in its real estate sector, purchasing a combined total of $2.5 billion of property in the first half of 2013. On the back of this activity, JLL MENA has launched a new Central London Residential division within its Dubai office. This report will be published on 10th October.
 
Craig Plumb, Head of Research in the MENA reg​ion said: “There is now strong statistical evidence to illustrate consolidated growth in Dubai’s real estate market. We can see a number of emerging new trends which we will be announcing at Cityscape. There is some concern about the return of a bubble but we remain cautiously optimistic that the sector has learnt from past lessons.  We are also confident that there are now enough mechanisms in place to manage the inevitable interest that Dubai continues to attract from a broad range of investors who continue to see opportunity and growth both now and into the future.”

-ends-