Project Management

Showing posts for project management

18 December 2024

Benchmarking Key Indicators for Saudi Giga-projects: Challenges, Methodologies and Solutions

The importance of Saudi Giga-projects Saudi Arabia has embarked upon a massive development programme as part of its Vision 2030 plan. This programme includes 14 large-scale and ambitious developments, which it is calling ‘giga-projects’. The most well-known of these is NEOM, but other projects include ROSHN, the Red Sea Project and Jeddah Central. There is no acknowledged international definition of […]
9 December 2024

Branded Residences: Four Key Considerations

The significance of brands and branding for the consumer goods industry is beyond the slightest doubt. The combination of generational effects and online marketing has served to reinforce their importance during the last two decades. Nowhere is this more obvious than in the Gulf, where branded luxury goods, in particular, have formed a larger percentage of consumer spending than anywhere else.
27 November 2024

Owners’ Associations in the Gulf – a key to value creation

The need for Owners’ Associations The issue of multiple ownership in a single asset has been around for a long time. One of the most successful solutions has been share ownership in a company, which works well for manufacturing, service, and many other types of enterprise. Real estate has also seen a similar kind of solution: joint ownership, where a […]
24 October 2024

What are the prospects for Saudi tourism?

The evidence to date The need to diversify the Saudi economy away from oil has never been in doubt. Saudi Vision 2030 envisaged tourism playing a central role in that process. The plan originally set what was regarded as an ambitious target of 100m domestic and international tourists by 2030, but immediate success resulted in this being revised upwards to […]
30 September 2024

Dubai’s Hospitality Sector – Market Performance in H1 2024

Dubai Tourism Overview Despite or perhaps even partly because of ongoing geopolitical tensions, Dubai remains a leading tourist destination. In the first half of 2024, the city welcomed a record 9.31 million overnight guests, marking a 9% increase from the 8.55 million visitors during the same period last year. This impressive performance reflects the strategic vision outlined by Sheikh Mohammed […]
6 September 2024

Luxury hospitality in the GCC

8 ways high-end hotels are redefining guest experiences in 2024 The GCC has long been synonymous with luxury, opulence, and the hub of elevated tourism. As we advance through 2024, the luxury hospitality sector across the GCC is undergoing a remarkable transformation. Hotels and resorts in the region are adopting new trends that reflect the evolving expectations of global travellers, […]
6 August 2024

Value through infrastructure development: The case of Gulf ports

The rise of Gulf ports The history of seafaring throughout the Gulf is well known. The construction of the famous Arab dhow and the existence of extensive fisheries across the region in what are now the countries of the UAE, Oman and Saudi Arabia are part of a proud tradition that urban planners wish to capture. More recently, Gulf governments […]
16 July 2024

A tale of two markets: Capitalising on arbitrages through retrofits

The Dubai real estate market has been on a spectacular bull run with prices reaching an all-time high of AED 1,397/sqft in July, 2024. This represents an appreciation of over 78% from the market trough reached in April 2009 and, more importantly, prices are approximately 13.2% above the previous peak of September 2014. However, when diving into the granular details, […]
24 June 2024

Natural disasters, resilience and value

The impact of natural disasters Recent adverse weather conditions in the UAE have focused attention on the impact of natural disasters on real estate. This includes impacts associated with climate change, such as flooding caused by changes in precipitation patterns and also the potential impact of rising sea levels, increasing heatwaves and regional droughts. However, the events in the UAE […]
22 June 2023

Does sustainability pay? How is the Gulf integrating global best practice?

Perspectives on sustainability Architects, planners and regulators alike all favour sustainable buildings, each with good reason: to design, shape and order new developments that will benefit the planet and improve the environment. The upcoming COP28 Conference in Dubai,[1] and the prioritisation of carbon emission reductions through the circular economy as an integral part of 2023 as the Year of Sustainability,[2] […]
18 January 2023

How effective is real estate as an inflation hedge? A perspective from the Gulf

GCC Inflation: perception and reality At the beginning of 2023, the consensus perspective is that the global economy is far from out of the inflationary woods yet. After a global average of 8.8% last year, opinions now diverge as to the curve of the downward trajectory this year, from the IMF’s global estimate in October 2022 of 6.5%1, to a […]
22 March 2022

Bahrain F1: The long term economic and real estate benefits

Bahrain was first to build a track and host a Formula One (F1) race in the region, but there was competition. The UAE, Egypt and Lebanon were all potential alternative candidates, but in 2002 the FIA came calling and Bahrain beat their internal competition, as a result of a firm commitment to deliver a race by 2004. It was of […]

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