Gaurav Biswas

Great article explaining the global growth of family offices, with wealthy families relocating to cities like Dubai for wealth preservation and capital appreciation. Kashif Ansari of Juwai IQI notes that family offices globally hold $6 trillion in assets under management. The rise of family offices in Dubai is expected to boost the real estate sector significantly, with Juwai IQI projecting $10-12 billion of investment in Dubai's real estate market in 2024. Is Dubai emerging as the new powerhouse for wealth management? What are your thoughts?

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The value of the UAE's current construction project pipeline currently stands at approximately $590 billion, according to research conducted by JLL. Residential and mixed-use developments account for $125 billion and $232 billion respectively, representing around 60% of the total figure. Dubai represents a particular hotspot within the UAE's real estate market at present, with approximately 10,000 residential units delivered in Q1 2024 and a further 5,000 scheduled for completion by the end of the year. These are really impressive figures for Dubai and the UAE as a whole. It's great to see developers working so hard to meet growing demand for real estate across the Emirates. https://lnkd.in/dUxZjGJy #construction #realestate #UAE

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Driving Saudi Arabia's Transformation: The Role of Real Estate in Vision 2030 As Saudi Arabia forges ahead with its Vision 2030 initiative, the real estate sector emerges as a pivotal force driving the nation's transformation. Targets and goals create a surge in demand for properties and infrastructure projects across the Kingdom. This increased demand incentivizes substantial investments in new cities, residential developments, and infrastructural activities, reshaping skylines and fostering economic expansion and job creation. Nevertheless, some challenges persist. High interest rates impact both real estate transactions and new mortgage lending. The sector's sensitivity to interest rate changes points out the importance of a delicate balance in monetary policy to sustain growth momentum. Additionally, the concentration of the population in major urban centers presents challenges for developers seeking opportunities in smaller cities, highlighting the necessity for equitable development across regions. Despite these challenges, the outlook remains positive, upheld by strong government support and strategic initiatives. Furthermore, the Kingdom’s commitment to sustainability is driving a shift towards greener buildings and construction practices, aligning with local and international regulations. As Saudi Arabia marches towards its economic goals, the real estate sector stands ready to play a pivotal role in driving growth and development. With investments exceeding $1 trillion in value, the sector is expected to significantly bolster its contribution to the GDP, aiming for a remarkable rise from 6 percent to 10 percent by 2030. Looking ahead, the journey for Saudi Arabia’s real estate developers is one of both opportunity and adaptation. By harnessing innovation, leveraging government support, and embracing sustainability, they can not only capitalize on the demand for properties but also contribute meaningfully to the Kingdom’s journey towards a diversified and resilient economy. #saudiarabia #economicrenaissance #realestate #vision2030 #growth #transformation #infrastructure #investment #sustainability #innovation #adaptation #equitabledevelopment #governmentsupport #mortgageloans #funding #marketdynamics #opportunity #realestatedevelopment #assetsmanagement #smartcity #smarttransportation #Infrastructure #hospitality

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Discover the Vibrant Investment Environment in Saudi Arabia As #SaudiArabia strides towards #innovative and sustainable development, its recent accomplishments in various sectors showcase its potential as a leading #investment destination. Here's a snapshot of key achievements: 1. Economic and Strategic Growth:   🔸 Saudi Arabia has been recognized as a knowledge hub for spreading economic reforms by the #WorldBank.   🔸 It's among the first countries to establish a national #AI strategy, as highlighted in #StanfordUniversity's AI Index Report 2024. 2. Innovation and Technological Advancement:   🔸 The Saudi Water Partnership Company received accolades for the 'Public Water Agency of the Year' and its 'Usbail 3A' project at the Global Water Awards 2024.   🔸 #SABIC stood out with five awards in the Edison Awards 2024 for innovation in new product categories. 3. Cultural and Educational Prowess:   🔸 The Saudi Artisanal Company earned international recognition with two awards from the International Institute of Gastronomy, Culture, Arts, and Tourism.   🔸 The Saudi schools and universities have been acknowledged at the International Exhibition of Inventions Geneva 2024, securing numerous medals for their groundbreaking inventions. 4. Global Connectivity and Infrastructure:   🔸 Saudi cities #Riyadh, #Jeddah, and #Dammam ranked globally for their smart city initiatives, with Jeddah being acknowledged among the top 100 airports by Skytrax World Airport Awards 2024.   🔸 Saudi Post was ranked 7th globally for its outstanding international express mail services performance by the #UniversalPostalUnion. 🔅 These accolades not only reflect Saudi Arabia's commitment to growth and excellence across diverse fields but also underscore the vast opportunities available for investors looking to participate in a rapidly transforming economy. Saudi Arabia represents a promising landscape filled with potential and progress for professionals and #investors eager to tap into a robust and diverse market.

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Conscious and conscientious consumption is key to sustainable future.

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The Role of Infrastructure Development in Enhancing Property Values in Dubai. Dubai’s real estate market is continually evolving, thanks to the city’s relentless investment in infrastructure. Here’s a closer look at how infrastructure development is enhancing property values in Dubai. 1. Transportation Networks: One of the most significant contributors to property value appreciation is Dubai’s extensive and modern transportation network. With new roads, highways, and public transportation systems like the Dubai Metro and tram services, the city is becoming increasingly connected. Properties near these transport hubs are particularly sought after, as they offer unparalleled convenience to residents and businesses alike. 2. Proximity to Major Projects: Being close to major infrastructure projects such as Dubai International Airport, Al Maktoum International Airport, and the Expo 2020 site can significantly boost property values. These projects draw in businesses, tourists, and new residents, creating high demand for real estate in the surrounding areas. 3. Smart City Initiatives: Dubai’s Smart City initiatives are transforming the urban landscape. By incorporating smart technologies into infrastructure—think smart grids, intelligent traffic management, and high-speed internet connectivity—the city is enhancing the quality of life for its residents. This modern approach makes properties in these areas more desirable and valuable. 4. Recreational and Cultural Facilities: The development of recreational and cultural facilities, including parks, sports complexes, museums, and theaters, adds tremendous value to residential areas. These amenities offer diverse lifestyle options, making neighborhoods more attractive and boosting property values. 5. Healthcare and Education Infrastructure: Access to high-quality healthcare and education is a top priority for many homebuyers and investors. Dubai’s investment in hospitals, clinics, and educational institutions ensures that properties in these well-served areas command higher prices. Families and professionals alike are drawn to areas with top-notch services. 6. Commercial and Business Hubs: The creation of commercial and business hubs, such as the Dubai International Financial Centre (DIFC) and Dubai Internet City, brings employment opportunities and attracts businesses. Properties near these hubs benefit from increased demand from professionals and companies, driving up their value. 7. Tourism Infrastructure: Dubai’s robust tourism infrastructure—including hotels, resorts, and entertainment venues—draws millions of visitors annually. This influx supports the hospitality and retail sectors, boosting demand for properties in tourist hotspots. As a result, property values in these areas tend to rise significantly.

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𝐑𝐢𝐲𝐚𝐝𝐡'𝐬 𝐋𝐮𝐱𝐮𝐫𝐲 𝐎𝐟𝐟𝐢𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐁𝐨𝐨𝐦𝐬 𝐰𝐢𝐭𝐡 𝐚 98% 𝐎𝐜𝐜𝐮𝐩𝐚𝐧𝐜𝐲 𝐑𝐚𝐭𝐞 🔝 In an astonishing display of market strength, #Riyadh's luxury office spaces now boast a 98% occupancy rate, ranking among the highest globally. This insight comes from the Middle East Research Head at #KnightFrank, who highlighted this achievement in a recent interview with Al-Sharq News. 🔅 Key factors driving this surge include significant legislative changes in Saudi Arabia, viewed favorably by markets. A pivotal amendment this year was the introduction of the Premium Residency for property owners with assets over SAR 4 million, significantly influencing the real estate sector. 🔹️Moreover, there's a marked increase in global wealthy individuals seeking to invest in real estate in key cities such as Makkah and Medina. Other legislative reforms aimed at providing developers with more licenses are expected to support Saudi Arabia's goal to add 660,000 new housing units by 2030. 🔹️As Riyadh's population grows, partly due to multinational companies moving their regional #headquarters to the city, the demand for schools, hospitals, and other facilities is also rising. This underscores the vibrant economic ecosystem and the city's capacity to attract international business interests. #RealEstate #Investment #SaudiArabia #Riyadh #BusinessDevelopment #KnightFrank #LuxuryOffices

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The projected 28% growth in Riyadh's retail sector by 2026 suggests a surge in demand for retail space. Observing how this expansion shapes the variety of retail experiences in the city will be fascinating. The Kingdom's efforts to diversify its economy and attract more tourists will definitely play a pivotal role in this evolution.

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The GCC Railway is a new phase of economic integration and trade between GCC countries The project is to connect the GCC countries with an integrated railway network extending from the State of Kuwait to the Sultanate of Oman, with a total length of 2,177 kilometers, provided that it route begins from Kuwait, passing through Dammam in Saudi Arabia, to the Bahraini capital, Manama. There will be a line from Dammam to Doha via the Salwa border gate and will connect Qatar to Bahrain, and another from Saudi Arabia to the Emirates via Abu Dhabi and Al Ain before going to the Omani capital, Muscat, via Sohar. The GCC Railway project was agreed upon in 2004 with an estimated initial investment cost of approximately $15 billion, which is expected to increase over time. The project aims to establish an integrated railway system linking the six Gulf Cooperation Council (GCC) countries, namely Saudi Arabia, Kuwait, Bahrain, Qatar, the United Arab Emirates (UAE), and Oman. The project costs will include the construction, maintenance, and development of linking roads and main roads in the GCC countries to facilitate the transport of goods and people. In addition, the project will cover the costs of preparing and implementing unified specifications, regulations, and systems for the railway system. Another significant component of the project costs includes the establishment of a transport sector database, which will provide valuable insights to stakeholders on the efficient management of transport services. The project will also incur other expenses related to transport services and safety, such as the installation of safety measures and equipment, training programs for railway staff, and other operational costs. Overall, the GCC Railway project is a significant initiative aimed at enhancing the connectivity, trade, and economic growth of the region. #Saudi_Arabia #Kuwait #Qatar #UAE #Bahrain #Oman #GCC #etihadrail #etihad #emirates #rail #train #dubai #dubairealestate #newprojects #offplan #readytomove #ocean #danube #emaar #damac #sobha

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The residential real estate market is experiencing significant growth, with sales surging up to 93% in various cities. Key contributors to this growth include Riyadh and Jeddah, where sales transactions have increased by 77% and 92.9% respectively. This trend highlights the demand and investment in the Saudi real estate sector, reflecting the Kingdom's broader economic growth and development initiatives. #realestateinvesting #realestatedevelopment #propertymanagement #sustainabledevelopment #marketanalysis #investmentstrategies #financialmodeling #riskassessment #commercialrealestate #urbanplanning

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A good indicator of the #dubai economy considering the industries ICD is exposed to. https://lnkd.in/dMSRg4x6

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Real estate in Saudi Arabia, led by the Capital Market Authority, has reached a value of $45.3 billion in Q3 2023, highlighting significant growth and investment opportunities. #SaudiArabia #RealEstate #Investment #REITs #CapitalMarket #Q32023 #Finance #Growth #PropTechBuzz #PTB #PropTech #Innovation Read More - https://lnkd.in/dquEhYJ6 --------------------- If you are a proptech company and want to promote your products for free, go to proptechbuzz.com and submit your products. For investors or proptech buyers, sign up on our platform to stay informed about exciting updates and trends in the Proptech Ecosystem. Explore more Proptech news at proptechbuzz.com/news, for news tips and promotions, reach out to marketing@proptechbuzz.com.

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