The GCC real estate sector is one of the fastest growing sectors across the world, despite recent slowdown in economic growth due to oil price fluctuations. The region has emerged as an attractive destination for global investors and the real estate sector has become a key economic barometer for the growth in the region according to the Al Masah Capital’s real estate report.
Amongst all markets; Dubai, Abu Dhabi and Doha have emerged stronger owing to international projects, foreign investment flows and growing population. In addition to this, the upcoming Expo 2020 that will be hosted in Dubai and FIFA 2022 to be hosted in Doha, primarily buoyed the demand for exclusively designed amenities and world-class infrastructure spaces.
The report stated that the GCC markets are still gaining a lot of investor attention as prices are relatively stable, which reflects the real estate market’s maturity and the improved regulatory environment. Thus the sector remains resilient and is expected to register growth at a slow pace in 2016 and beyond.