FOR IMMEDIATE RELEASE
Pressnews.biz (Press Release) Apr 28, 2015
-- • Middle East Real Estate Market is likely to reach USD 113 billion by 2019.
• Future Growth of Middle East Real Estate Market is expected to be led by UAE and Saudi Arabia Markets.
• The global players operating in the industry are expected to maintain focus on enhancing developments projects to compete with other players in the industry
Ken Research announced its latest publication on “Middle East Real Estate Market Outlook to 2019 - Demand for Destination Retail and Affordable Housing to Shape Future” which provides an in-depth analysis of the Middle East real estate market. The report covers specific insights on the market size in terms of value, segmentation by geography & sector wise segmentation by major countries, drivers and restraints, recent trends and developments, government regulations and future outlook of the real estate market at the Middle East level and countries. The report also entails a detailed description of the prominent and emerging geographic markets of the region including UAE, Saudi Arabia, Oman, Kuwait, Bahrain, Qatar, Jordan and Egypt.
Despite most investors looking upon the Middle East as a volatile and unattractive sector in which to place their money, shrewd investors have estimated that this is a highly lucrative market that is just now being tapped by the international community. The market was supported by the higher oil revenues and excess liquidity which has been attributed for the remarkable growth of real estate sector in Middle East region. In addition, rising disposable income and availability of credit impelled the demand for real estate properties during the period 2009-2014.
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. Middle East real estate market revenues have augmented at a CAGR of ~% during 2009-2014, with revenues being registered at USD ~ million during 2014. During 2010, real estate market revenues in Middle East have been reported at USD ~ million which deteriorated at a sizeable growth rate of 4.3% relative to previous fiscal year. Over the years 2009-2014, Middle East Real estate market supply has enhanced at a considerable CAGR of ~%, with real estate supply has been posted at ~ thousand square meters in 2014.
The future of the Middle East real estate market is expected to be positive with stable growth in the long run due to mounting domestic demand for affordable residential properties, friendly government laws, surging government investments and inclining inbound travelers in the region. Owing to such trends, the market is envisaged to post revenues worth USD ~ million during 2019, by growing at a CAGR of ~% during 2015-2019. On the basis of sectors, the residential market in Middle East is expected to witness a continued strong demand in the affordable housing segment with an increasing middle class and the young domestic population
“Even when the growth has moderated in many emerging markets; the pace of construction activity has remained strong which intensified the investment opportunities. This trend is likely to remain positive in the coming years which is anticipated to infuse the growth of real estate market at Middle east level‘’ according to the Research Analyst, Ken Research.
Key Topics Covered in the Report:
Middle East Real Estate Market
- Market Size by Value
- By Supply
- Market Segmentation by
o Geography (UAE, Saudi Arabia, Egypt, Oman, Qatar and Others)
- Country wise Market Size and Segmentation
- Competition and Market Share in major geographies
- Future Outlook and Projections
Key Geographies Mentioned in the Report
Key Sectors Mentioned in the Report
Companies Covered in the Report
United Development Company
Zara Investment Holdings
Taller Moustafa Group and several others
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Ankur Gupta, Head Marketing & Communications