Located in the westernmost region of North Africa, Morocco has an impressively diversified economy and in recent years has benefited from steady growth. The country has strong trade links with the EU and has a young population – with the median age of its roughly 32m people at 27.3 years – which in turn provides the country with a large supply of available and comparatively skilled labour.
Given the strong demand for housing in Saudi Arabia, other segments of the real estate market are often overlooked. However, as with the residential market, the fundamental demand conditions seem to favour growth across all segments of the market. While it has been a tough 24 months for the office sector, long-term development prospects look...
Having avoided the major boom and bust cycles of its Gulf neighbours, Saudi Arabia’s real estate sector is considered relatively stable. For several years, and certainly since the global financial crisis, the sector has been viewed as a safe haven for local capital. Prices in the market have held firm and returns have been solid. The reasons for...
Although little noted, the environment for industrial real estate has been improving rapidly over the last five years. While it is less glamorous than its residential and commercial cousins, warehousing and industrial real estate is set to be increasingly important for Saudi Arabia as the economy continues to grow and diversify.
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...
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