News

Year of change for Dubai real estate: Deloitte

Dubai_real_estateAfter a challenging 2017, Dubai’s real estate sector is predicted to undergo a year of disruption in 2018 thanks to the introduction of VAT and the emergence of new technology, according to a report from Deloitte. The report, Middle East Real Estate Predictions, Dubai, covers the residential, hospitality, retail, office and industrial sectors and lists four factors that could impact investors in what has become an increasingly popular asset class in the region. The introduction of VAT “represents one of the biggest challenges for Dubai’s real estate market” states the report, citing that VAT on construction materials may create cash flow issues for developers. Dubai’s ambition to be a world leader in 3D printing means that it is aiming to have 25% of all new properties 3D printed by 2025. Potential real-estate investors will also have to show a track record of delivery to access an evolving development finance market in Dubai. The final factor mentioned by the report is Dubai’s growing connection to the real economy which will present commercial opportunities but also greater exposure to macro-economic risks like economic protectionism and geopolitical uncertainty. ©2018 funds global mena

Executive Interviews

INTERVIEW: Protecting the investment

Nov 23, 2017

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

EXECUTIVE INTERVIEW: A natural interest in the topic

Mar 08, 2017

Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.

Roundtables

ROUNDTABLE: Charting the pace of reform

Nov 23, 2017

Saudi Arabian index inclusion, the onset of taxes and the Dana Gas controversy were among the issues discussed by our cross-industry panel. Chaired by George Mitton in Dubai.

SOUTH AFRICAN ROUNDTABLE: Spirit of Ubuntu

Mar 08, 2017

The move to a three-day settlement cycle, the appearance of new stock exchanges, and recent rules on hedge funds were discussed by our panel in Cape Town. Chaired by George Mitton.