The MEED Projects index surged by almost 8 per cent to $2.76 trillion in the week to 13 October, as a result of a handful of major real estate developments being launched at the Cityscape exhibition in Dubai.
The unveiling of the $95bn Jumeira Gardens scheme and the $38bn Nakheel Harbour & Tower development pushed the total value of UAE projects planned or under way above $1 trillion for the first time.
Table: Gulf Projects ($m)
| 13 Oct 2008 | 6 Oct 2008 | % change on week | 13 Sep 2007 | % change on year | |
| Bahrain | 51,700 | 47,504 | 8.8 | 28,880 | 79.0 |
| Kuwait | 295,954 | 295,954 | 0.0 | 248,592 | 19.1 |
| Oman | 99,057 | 99,057 | 0.0 | 47,446 | 108.8 |
| Qatar | 202,826 | 201,893 | 0.5 | 143,844 | 41.0 |
| Saudi Arabia | 598,038 | 571,234 | 4.7 | 367,818 | 62.6 |
| UAE | 1,147,195 | 992,212 | 15.6 | 669,303 | 71.4 |
| GCC total | 2,349,770 | 2,207,854 | 11.0 | 1,505,883 | 62.8 |
| Iran | 280,501 | 272,451 | 3.0 | 107,940 | 159.9 |
| Iraq | 87,206 | 83,076 | 5.0 | 29,452 | 196.1 |
| Gulf total | 2,762,477 | 2,563,381 | 10.0 | 1,643,275 | 71.6 |
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