CONTENTS
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11
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LATEST NEWS REGIONAL
4 Starwood Hotels expand into Iraq
Al Mazaya acquires ‘Al Mawaleh’ Plot in Oman
5 Bank Aljazira finances Riyadh residential project
DAMAC Suites & Spa’s first property topped out
6 Marrakech’s Amelkis Resorts’ villas handed over
Addressing the UAE’s growing waste problem
INTERNATIONAL
8 UK prime property asking prices up 40% US home ownership hits decade low
9 BRICS cities compete for place on world stage
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ASIA 10 Sustainable real estate in India
JLL launches real estate services in Sri Lanka
11 Beijing retail property market grows JEDDAH FOCUS
12 Mortgages Access to financing options is seen as a critical component to solving the Kingdom’s housing shortage
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20 Taxing unused land A potential tax on vacant land could deter investors from holding on to undeveloped land, making it available for the construction of much needed residential units
22 Jeddah Masterplan Te Red Sea destination outlines its ambitious projects for the city’s future growth and development
26 Facing the challenge A strong economy coupled with high internal demand provides plenty of opportunities to developers if they are able to adapt to the Saudi consumers’ expectations
EVENTS
28 Cityscape Jeddah Conferences Preview to the region’s most influential conferences
29 Event Preview Plan your visit to Jeddah’s only international real estate event
16 Pilgrimage to the Holy Cities Te Kingdom is undertaking large scale real estate and infrastructure developments in order to meet the needs of millions of religious tourists
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JUNE 2012 I CITYSCAPE I 3
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