A proposal to restructure leasehold agreements on property has been put forward by the government, though uncertainty over new land and building taxes may impact the rollout of new projects.
Real Estate
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New property developments and large government outlays on infrastructure look set to boost Sharjah’s residential appeal, expanding housing stocks and helping the emirate maintain a pricing edge over some of its neighbours.
A rising tide of investments and solid increases in arrivals are supporting high levels of growth in Bahrain’s tourism industry, with projections that expansion will be sustained to the end of the decade and beyond.
In spite of Egypt’s macroeconomic headwinds, the country’s real estate market has benefitted in recent months from steady demand and currency reforms, resulting in a busy pipeline of new projects and investment funds.
In the face of a housing deficit that numbers millions of units, Nigeria is working to increase home ownership by improving access to credit and reducing development costs for low-income housing.
The prolonged dip in oil prices and associated government spending cutbacks have continued to weigh on real estate markets, though Abu Dhabi has remained resilient entering 2017.