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Mazaya Monthly Real Estate Report
Week 1 - November 2015
Retail and tourism-related real estate is the key
to minimising sector fluctuation in the Gulf
In recent years we have seen repeatedly
how vulnerable regional economies can
be to shocks and how interlinked the
world’s main economies are. Various
crises have beset global markets,
each threatening to be worse than the
last. Politicians in every country have
become accustomed not only to trying
to avert fiscal calamity, but to reassuring
markets that the conditions required for
investment of any sort continue to prevail.
Within thiscontext, the real estatesector
has experienced mixed fortunes. A key
driver of economic growth and creator
of employment opportunities, in most
countries governments have done what
they can to protect the sector from
shocks through regulation or other
measures, with varying degrees of
success. The real estate sector, in both
developed and developing economies,
is vital to the fortunes of so many
other sectors – from heavy industry
to tourism and everything in between
– and it is therefore considered vital
for overall long-term growth that real
estate performs well. However, when
liquidity and investor confidence dries
up, it is very difficult for governments
to support the sector meaningfully.