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Integration of environmental, social benefits and
aesthetic values into real estate projects is driving
demand and supports stable pricing structures
With trends in the GCC region’s population
set to continue upwards in the foreseeable
future, demand for the construction of
new housing and new cities remains
strong, in the short to medium-term. As
a result, supporting services relating
to infrastructure, commercial and
industrial projects continue to offer
positive indicators for growth. Despite
an overall economic recession being felt
in most of the region’s markets, GCC
countries have maintained an ability to
promote and attract foreign investment,
based on these demand factors.
The rapid pace of construction and
the building of new cities, in the
region, do raise questions about the
level of impact this will have on the
environment. Of course, a balance
has to be struck between sustainable
environmental
requirements,
and
providing adequate housing to
compensate for population growth.
Mazaya Monthly Real Estate Report
Week 5 - May 2016