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Examples
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The report was prepared by the database firm Proleads which is preparing to discuss the results of its report at Middle East Communications exhibition and conference which will be held in Abu Dhabi on May 25-27.
AME Info Latest News 2009
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According to Dubai-based research firm Proleads, about $2.4 trillion in real-estate projects are currently under construction in the oil-rich Gulf Cooperation Council region, which includes Saudi Arabia, Kuwait, Bahrain, Qatar, the United Arab Emirates and Oman.
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The Proleads figures show hotel projects under construction across the GCC valued at more than $7bn.
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Only nine projects, worth 491 million dollars, have been cancelled in Abu Dhabi, while 42 others, valued at 6.8 billion dollars have been put on hold, according to a study by Proleads research company, published at the show.
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Supporting the Proleads outlook, UK hotel real estate research company Lodging Econometrics has revealed that according to their research, the Middle East can expect 98 new hotels with
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According to data from Dubai-based research company Proleads, there are likely to be 48 new hotels with 14,178 rooms opening in the GCC in 2010, at an estimated cost of $7. 3bn.
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Builders in the emirate have delayed or canceled projects worth about $331 billion, Dubai-based market researcher Proleads estimates.
BusinessWeek.com -- 2010
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About $330 billion of building projects have been put on hold, according to Proleads, which monitors real estate in the region, after a 50 percent slump in property prices.
BusinessWeek.com -- 2010
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Only nine projects, worth 491 million dollars, have been cancelled in Abu Dhabi, while 42 others, valued at 6.8 billion dollars have been put on hold, according to a study by Proleads research company, published at the show.
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About $330 billion of building projects have been put on hold, according to Proleads, which monitors real estate in the region, after a 50 percent slump in property prices.
BusinessWeek.com -- 2010
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