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Mazaya Monthly Real Estate Report -
Week 3 - December 2016
projects, according to the report.
The realty landscape in Bahrain is a
bit different, revealed the report. This
is attributed to the limited volume
of land available and the increased
population density along with the
positive investment laws adopted by
the Bahraini government to provide
momentum to freehold and other types
of real estate projects. The end result
is a rise in prices of all residential,
property sales is expected during 2017.
The Qatari property market went
through several positive and negative
developments during the current year
following the considerable rise in the
supply of plots and property, which, in
turn, caused a delay in launching many
further projects. Statistics indicated a
35% fall in land prices, indicating that
the decline trend is likely to continue
during the 1st quarter of 2017 to around
10%, owing to the decisions taken
with the objective of pumping more
liquidity into the market to finance new
as a result of slowing demand.
Likewise, the Saudi property market
registered a remarkable fall in the
prices of lands for sale – for example,
villas, buildings and flats – in the
wake of the government’s policies
that aimed to rationalise market prices
and bring them back to normal. In
addition, supply outpaced demand
for all property products after a large
segment of contractors, including
companies and individuals, sold off
their property to secure the liquidity
needed to pay off their debt obligations
and meet operating expenses. The
report noted that land prices in the
Saudi market plunged by more than
30% during the current year, with
prices of residential plots of lands
having fallen by 19% by the end of the
3rd quarter. A further rise in land and