Real Estate

As a key driver of diversification efforts, the real estate sector has been an important contributor to economic growth in recent years. According to a 2018 report, non-mining and quarrying sectors registered a combined compound annual growth rate (CAGR) of 6.8% between 2013 and 2017, which was largely attributed to four sectors: construction, health care, insurance and real estate, with the last registering a CAGR of around 7.6%. Despite this positive performance, early 2018 saw growth moderate, most likely influenced by a regional blockade that saw Saudi Arabia, the UAE, Bahrain and Egypt sever diplomatic ties with Qatar in July 2017. However, the effects were short-lived, and the sector is back on track and poised for growth. This chapter contains an interview with Nasser Al Ansari, Chairman and CEO, Just Real Estate.