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6

Mazaya Monthly Real Estate Report

Week 2 - December 2015

Tourism a major source of demand

for medium real estate products

Furthermore, many of these regional

markets have targeted middle income

holidaymakers, with an increasing

variety of related options, prices,

products and services, in addition to

the traditional high quality, luxury and

competitive promotional plans already

on offer. In recent years, the progress

achievedby the region’s countries in the

tourism sector has provided attractive

real estate investments and activity

– not just within traditional (tourism)

seasons, but also throughout the year.

Over the last ten years, GCC countries

have been characterised by their ability to

determine the best available investment

prospects and options for bringing about

high returns and benefits – across all

economic sectors. In this time, several

countries have also succeeded in

implementing many development plans

and strategies offering more tourism

options and opportunities related

to real estate products. In addition,

these countries have also been able to

successfullyhighlightthecompetitiveness

of their markets in the fields of logistics

and luxury real estate products, thereby

meeting the requirements of many

investors looking for the some of the best

investment opportunities in the world.