JLL

NEWS DESK

JLL and Mashreq Collaborate to Achieve LEED Zero Carbon Status for the Bank’s Global Headquarters

News Desk 1 07/08/2024

In a significant sustainability milestone, JLL, a leading professional services firm specialised in real estate, investment management and development consultancy services, and Mashreq, one of the leading financial institutions in the MENA region, have partnered to advance the bank’s net zero

NEWS DESK

Dubai-based Neo Capital successfully refinances office building in Rotterdam/Netherlands

News Desk 2 24/06/2024

JLL advised Neo Capital, a Dubai-based investment management firm, on the refinancing of Weena 200, Rotterdam, Netherlands. The Asset consists of a freehold, multi-let commercial space totalling 17,433 sq.m., with 16,909 sq.m. dedicated to office space and the remaining 1,364 sq.m. allocated for retail across the ground and mezzanine floors. Constructed in 1993 and

NEWS DESK

Rapid changes in commercial real estate values and risk require increased sector specialisation: JLL

News Desk 2 06/06/2024

The increasing economic openness and diversification strategies, and the rise of many ambitious infrastructure and development projects across the Middle East and North Africa (MENA) are accelerating the demand for value and risk advisory services in the region, according to JLL, a leading professional services firm specialised in real estate, investment

NEWS DESK

UAE’s resilient construction sector poised for growth momentum with high-value pipeline of USD590 billion in 2024

News Desk 2 14/05/2024

Despite ongoing global challenges such as persistent inflation, elevated interest rates, and geopolitical tensions, the total pipeline value of unawarded construction projects in the Middle East and North Africa (MENA) is set to reach USD3.9 trillion, with the UAE holding a significant share at 15%, according to JLL’s latest UAE Construction Market Intelligence Report.

NEWS DESK

Over 30,000 residential units to be delivered in the UAE by the end of the year: JLL

News Desk 2 09/05/2024

The introduction of innovative product offerings, attractive payment options and recent updates to the Golden Visa requirements continue to drive investor demand within the country’s residential market, according to JLL’s UAE Real Estate Market Overview for Q1 2024. The residential market in Dubai experienced a strong start to the new year, with approximately 10,000 units

NEWS DESK

MEA fit-out costs remains resilient with marginal 3% YoY increase amid rising global trend: JLL

News Desk 2 02/05/2024

While average fit-out costs across global markets have risen significantly year-on-year amid ongoing cost challenges and a complex macroeconomic environment, the construction sector in Middle East and Africa (MEA) has distinguished itself with its continued resilience, marking an average of 3% YoY increase across the region, according to JLL’s new EMEA Fit Out Cost Guide

NEWS DESK

JLL appoints new Head of Project & Development Services Egypt

News Desk 1 15/03/2024

JLL, a leading professional services firm specialised in real estate, investment management, and development consultancy services, has announced the appointment of Ahmed Hemmat as the new Head of Project & Development Services (P&DS) Egypt. Ahmed brings over 20 years of experience in the construction and mixed-use development sector, with an impressive track record

NEWS DESK

The UAE F&B sector is poised to witness remarkable growth

News Desk 1 01/03/2024

With the foodservice market in the UAE estimated to touch an impressive USD 19.98 billion in 2024, the opportunities for F&B entrepreneurs and investors to set up or expand their operations in the sector are escalating, revealed JLL in their newly released whitepaper, “A Flavourful Journey: A Comprehensive Look at the Evolution and Trends in […]

GCC NEWS DESK UAE

UAE real estate sector set for resilient expansion across major asset classes in 2024: JLL

News Desk 1 28/02/2024

Building on the strong growth momentum and high levels of buyer demand experienced in 2023, the UAE’s real estate sector is expected to continue its upward trajectory in 2024 despite a softening global outlook, highlighted a panel of experts at JLL’s Navigating the Growth Spectrum: Exploring Strategies for Sustained Success event in Dubai. Robust economic […]

NEWS DESK GCC UAE

Economic resilience and robust demand propel the UAE’s real estate performance in 2023: JLL

News Desk 1 23/01/2024

As the UAE continued to demonstrate resilience in the face of challenging global economic conditions, the real estate sector witnessed robust growth across all the major asset classes in 2023, revealed JLL’s ‘A Year in Review’ UAE report. Faraz Ahmed, Research Director at JLL MENA, said: “Throughout 2023, the UAE’s real estate industry remained a top […]

NEWS DESK

JLL calls for holistic strategies to integrate sustainability in real estate

News Desk 1 23/11/2023

While the UAE has been consistently launching green initiatives and projects, and setting bolder targets that are both pro-climate and pro-growth tofulfil its climate commitment, stakeholders in the real estate industry must take decisive action to safeguard their assets and secure long-term returns, highlighted JLL at a briefing held today ahead of the upcoming COP28.

NEWS DESK GCC UAE

JLL’s Dubai office at ICD Brookfield Place attains LEED Platinum Certification

News Desk 1 20/11/2023

JLL, a leading professional services firm specialised in real estate, investment management, and development consultancy services, has been awarded the coveted LEED (Leadership in Energy and Environmental Design) Platinum Certification for its new office located at ICD Brookfield Place in the heart of the Dubai International Financial Centre (DIFC).  This notable

NEWS DESK

JLL Establishes Its Regional Headquarters at KAFD, Riyadh

News Desk 1 26/10/2023

JLL, a leading professional services firm specialised in real estate, investment management, and development consultancy services, has announced the establishment of its regional headquarters at the King Abdullah Financial District (KAFD) in Riyadh. The strategic move to the heart of the capital’s new Central Business District (CBD) was unveiled at the 7th Future

NEWS DESK

New projects to ease pressure on commercial real estate

News Desk 1 25/10/2023

The ongoing dynamic of robust demand and limited supply of office space is driving the performance of the UAE’s office sector. Whilst this is empowering landlords in both Dubai and Abu Dhabi, the completion of new projects is easing the upward pressure on the sector, according to JLL’s Q3 2023 UAE Real Estate Market Overview. […]

NEWS DESK

The real estate industry must rally together to make Riyadh a more human-centric, sustainable and innovative city

News Desk 1 19/10/2023

In line with Vision 2030 to transform Riyadh into one of the most sustainable cities in the world, the real estate industry must proactively contribute towards shaping a more human-centric, sustainable and innovative city, revealed JLL at a roundtable held recently in the capital. This will be essential not only in long-term asset value creation, […]

Real Estate GCC UAE

Dubai and Abu Dhabi witness soaring off-plan transactions, signalling continued investor confidence: JLL

News Desk 2 25/07/2023

Dubai, United Arab Emirates; July 25, 2023 – Off-plan transactions in the residential markets of Dubai and Abu Dhabi continued to see a robust growth momentum in Q2 on the back of resurgent investor confidence and robust absorption of newly launched projects, reveals JLL’s Q2 Market overview report. In Dubai, off-plan residential sales increased by […]

NEWS DESK

JLL’s energy and sustainability services enable LEED Zero certification

News Desk 2 14/06/2023

Dubai, UAE; June 14, 2023 – In line with its vision to lead the real estate industry into a healthier and more environmentally sustainable future, JLL, a leading professional services firm specialized in real estate and investment management, has collaborated with Mashreq, one of the leading financial institutions in the UAE and the Middle East, […]

Hospitality GCC NEWS DESK UAE

Dubai welcomed over 1.47 million tourists in January

News Desk 2 18/04/2023

Dubai, United Arab Emirates; April 18, 2023 – Fueled by a steady influx of tourists from three top source markets, namely, India, Russia, and Oman, the UAE’s hospitality sector witnessed a strong growth trajectory in the first quarter of 2023, according to the latest JLL UAE Real Estate Market Overview Report.  Dubai welcomed around 3.1 […]

NEWS DESK

JLL reimagines workplace; opens new office

News Desk 2 23/03/2023

JLL, a leading professional services firm specialized in real estate, investment management, and development consultancy services, announced the opening of its new multifunctional office, designed on the principles of the workplace of the future. Fully embracing the needs of a dynamic, hybrid working environment, JLL’s new office at ICD Brookfield Place in the heart of

NEWS DESK

JLL appoints Alida Saleh

News Desk 2 14/03/2023

Dubai, UAE; March 14, 2023 – JLL, a leading professional services firm specialized in real estate, investment management, and development consultancy services, today announced the appointment of Alida Saleh as Head of Sustainability for the Middle East & Africa (MEA) region. In her new role, Alida will lead the company’s sustainability strategy in the region […]