The story of the Gulf over the last decade has been one of transformation, with skyscrapers developing so quickly that they appear like an apparition, whole neighbourhoods arising in a matter of years. The incredible boon and subsequent danger this trend has engendered for the regional real estate industry is well documented. However, it appears...
One of the biggest domestic issues facing Saudi Arabia at the moment is the supply of affordable housing. It presents both a challenge and an opportunity. It is a challenge because the housing shortfall is substantial and shows little sign of diminishing, but it also presents an opportunity in that a whole new market can be created for...
While most of the attention on Saudi Arabia’s property market focuses on the residential segment, the country’s retail real estate sector is quietly presenting itself as an attractive alternative. Indeed, many of the factors that have made the residential sector a widely discussed opportunity also apply to retail development. A burgeoning...
As housing remains one of the most important segments in Oman’s real estate sector, financing plays a critical role in the development of the overall property market. A number of lending changes, such as lower interest rates and simplified loans processes, are making it easier for Omanis to own a home, and this should have positive effects...
While Oman’s property market remained relatively slow in 2011, the sector is showing signs of steady growth. Factors influencing the favourable trend include improved financing for housing as well as general economic growth across the sultanate. Widespread salary increases in 2011 were greatly considered an additional element behind the...
In the past several years, government investment in key areas and public works have helped propel growth in the Algerian economy, which grew by 2.6% in 2011. Major projects in the industry contributed 10% to annual GDP in 2009-11. Projecting an estimated value of $21.7bn in 2012, the industry will continue to be a primary driver of growth for...
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