Middle East Real Estate Market | Middle East Real Estate Industry

Middle East Real Estate Market Research Report: Ken Research

Middle East Real Estate Market Outlook to 2019 – Demand for Destination Retail and Affordable Housing to Shape Future

The real estate market in Middle East has witnessed a robust growth before the global economic crisis has hit the market in the second half of 2008. Due to this, the investors retreated from the market and the ongoing developments and constructions were either cancelled or postponed. The real estate market of Middle East has considerably grown over the last few years except the 2009 global economic slowdown which has highly constrained the economic activities across the Middle East countries. Middle East real estate market revenues have augmented at a CAGR of ~% during 2009-2014, with revenues being registered at USD ~ million during 2014.

UAE REAL ESTATE MARKET

United Arab Emirates (UAE) real estate market has experienced a moderate growth from 2009-2014 with several real estate development projects contributed by the government as well as private sector. The reason for this extensive growth in the UAE property market has been triggered by attractive yields and property prices.

The UAE real estate market in 2014 was headed for broader stability. The market has recovered at a noteworthy pace after facing a severe slowdown due to economic crisis in 2008-2009. The prices during 2014 have increased and the market has witnessed the return of speculative activity. In the year 2014, UAE real estate market the surge in real estate investments from domestic as well as overseas investors have quadrupled the market to USD ~ million, with a moderate growth rate of 86.5% during the year.

SAUDI ARABIA REAL ESTATE MARKET

The real estate market in Saudi Arabia has grown at a steady CAGR of ~% during the period 2009-2014 with revenues being marked at USD ~ million during 2009. This has been primarily attributed to an increasing domestic demand for real estate properties. In addition, the arrival of religious and leisure tourists as well as travelers to the country has driven the market in the recent past and has resulted into lower vacancy rates of the retail shopping malls and hotel rooms.

QATAR REAL ESTATE MARKET

The real estate sector in Qatar has experienced an unprecedented growth on account of increasing foreign investments in the real estate sector, friendly laws and regulations implemented by the government and decreasing lending rates. In addition, the arrival of expatriates and the foreign investors to the country has impelled the demand for housing apartments and villas together with an increasing government expenditure on the real estate sector of the economy with an aim to reduce the dependency on the oil sector.

KUWAIT REAL ESTATE MARKET

The real estate sector in Kuwait has observed a downtrend during the global economic crisis in the year 2008 and a reduction in the asset prices. The real estate sector contribution to the country’s GDP has decreased from USD ~million in 2009 to USD ~ million in 2014. This was attributed largely to the shortage of finances to run the development activities in the region. Moreover, as the situation became worse, foreign investors retreated from the market which further affected the development of real estate properties and infrastructure in the region.

Key Topics Covered in the Report:

  • The market size of Middle East Real Estate market in terms of revenue.
  • Middle East market segmentation by geographies covering UAE, Saudi Arabia, Oman, Kuwait, Bahrain, Qatar, Jordan and Egypt.
  • Future outlook and projections of real estate market in Middle East region.
  • UAE real estate market size, segmentation, trends, SWOT Analysis market share of major companies in the industry.
  • Saudi Arabia real estate market size, segmentation, trends, SWOT Analysis market share of major companies in the industry.
  • Egypt real estate market size, segmentation, trends, SWOT Analysis market share of major companies in the industry.
  • Qatar real estate market size, segmentation, trends, SWOT Analysis market share of major companies in the industry.
  • Oman real estate market size, segmentation, trends, SWOT Analysis market share of major companies in the industry.
  • Kuwait real estate market size, segmentation, trends, SWOT Analysis market share of major companies in the industry.
  • Bahrain real estate market size, segmentation, trends, SWOT Analysis market share of major companies in the industry.
  • Jordan real estate market size, segmentation, trends, SWOT Analysis market share of major companies in the industry.

Source: https://www.kenresearch.com/manufacturing-and-construction/real-estate/middle-east-real-estate-market-research-report/637-97.html

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