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Al Mazaya: Robust Real Estate Strategies Needed
to Match Increase in Housing Demand
The market faces a demand-supply imbalance due to population growth
The real estate sector in the Gulf region
has been beset with several challenges
due to the lack of balance between
population increase, new housing
supply and affordability, according to
industry research conducted recently.
It has become necessary for GCC
states to enforce groundbreaking
legislations that meet the requirements
of the new developments taking place
with regards to freehold mechanisms
in the region and to provide feasible
and effective strategies conducive
to circumventing potential losses,
achieving
positive
results
and
ultimately ensuring market stability.
In its weekly real state report, Al Mazaya
Holding mentioned that GCC states
should develop robust strategies to get
the right balance between housing supply
and demand and conduct statistical
research with the objective of developing
a better understanding of the driving
forces that impact the main economic
platforms in the region, primarily the
real estate sector. This will enable the
government to come up with a set of
solutions to create premium investment
opportunities and launch projects
that are more feasible to implement
with remunerative investment yields.
Mazaya Monthly Real Estate Report
Week 3 - January 2017