Middle East Real Estate Market Outlook to 2019
Research and Markets has announced the addition of the “Middle East Real Estate Market Outlook to 2019 – Demand for Destination Retail and Affordable Housing to Shape Future” report to their offering.
The market research report titled Middle East Real Estate Market Outlook to 2019 – Demand for Destination Retail and Affordable Housing to Shape Future 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 Middle East real estate industry is one of the fastest growing sectors across the world. Foreign real estate developers have infused billions of dollars into places such as Oman, Qatar, Dubai, Saudi Arabia and other countries in Middle East region, which has pushed the growth of this market.
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. Northern Emirates has been the second largest segment of UAE real estate market. UAE real estate market is highly fragmented and competitive with about 2,206 brokers in Dubai alone currently listed by Real Estate Regulatory Authority (RERA). UAE real estate market is poised to grow at a noticeable CAGR of 6.4% during the period 2015-2019.
Residential segment of the market contributed the largest share in the year 2014.The region is estimated to be the domain for 15,000 registered and unregistered real estate offices of which approximately 37% are based in the Central region, 34% in the Western and 29% in the Eastern region.
The Qatar real Estate market has deteriorated at a CAGR of 2.2% during the period 2009-2014. The residential segment is the largest contributor of the real estate sector in Qatar. The real estate sector in Qatar is fragmented amongst many large-scale and small-scale developers. The future for the real estate market in Qatar is certainly promising on account of the booming domestic economy due to the inclining oil revenues and the bid win of the FIFA world Cup 2022.
Read full report here.