Dubai’s residential and hospitality markets have rebalanced towards a “new normal” in the first six months of 2016, according the Deloitte Real Estate Predictions 2016 – H1 Review published today. The report predicts that residential sale prices will decline further…
Tag: Deloitte
Deloitte forecasts GCC contract awards to fall by 17 per cent in 2016
The Deloitte Middle East Powers of Construction report published today forecasts that the value of new contract awards in the GCC will fall by 17 per cent to $170bn in 2017 due to the public spending squeeze in the region. Project…
Deloitte says Dubai home deliveries to be one quarter of expectation
For full coverage of Middle East business developments, see MEED Deloitte Corporate Finance said in its second annual Real Estate Predictions Report for Dubai that the number of new homes to be delivered in the emirate in 2016 could be…
VAT in the GCC: not if but when
For full coverage of Middle East business developments, see MEED Agreements reached by members of the GCC this week about Value Added Tax (VAT) systems mark an important step forward in the increasingly-important fiscal reform debate and provide a clearer…
Saudi Arabia leads visitors to Dubai
The tourism market in Dubai continues to be dominated by visitors from Saudi Arabia, India and the UK, according to the Middle East Hotel Market Insight report issued by Deloitte and STR Global today. KSA drove the largest number of…
Deloitte says tight oil and shale gas revolution won’t change US commitment to Middle East
Deloitte’s annual Oil & Gas Reality Check report published today says the development of North American shale gas and tight oil reserves is promoting transformational change in the US economy but won’t seriously undermine America’s commitment to the stability of…
Deloitte and STR Global report Saudi Arabians are top visitors to Dubai
A total of 1.4m Saudi Arabians visited Dubai in 2013 and the kingdom was the leading source of tourists for the emirate in the year, according to the the first Middle East Hotel Market report by Deloitte and STR Global.…