The Middle East financial sectors are
immensely competitive, as competitive
as they are anywhere else in the world.
The global financial crisis did not
respect status: the ravages of the the
downturn were felt by all - hardship
was democratic in its distribution.
Mazaya Monthly Real Estate Report
May 2014
The GCC states have all the attributes
necessary to achieve success: they
attract considerable investment, they
have significant financial resources
and liquidity, they operate in a
climate of political stability and their
prospects for economic growth are
not only well publicised, but excellent.
Al Mazaya weekly report points out the
region’s real estate sector must take
much of the credit for making the GCC
states so attractive as destinations
for investment and for leading the
charge to compete once again
with the world’s other major cities.
2
Gulf real estate sector is a
key driver in the return of
intra-Gulf FDI competitiveness
Real estate in the Gulf has attracted
investors from all over the world, and
has seen projects in sectors such as
tourism, trade and commerce flourish.
Arab cities are now competing with one
another for investment, with Dubai, Abu
Dhabi and Doha leading the way, due to
their dynamic outlook and the quality
of life they are able to offer residents.
With the return to health of the global
financial economy, countries once again
compete aggressively, but now there is
less distance between the developed
and
the
developing
economies.
The financial crisis, to some extent, levelled
the playing field. The cities of the Gulf
countries are now seen as major centres of
international finance and commerce, able
to compete on equal terms with any other
city in the world, particularly in sectors
such as finance, tourism and real estate.
