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Mazaya Monthly Real Estate Report
Week 1 - September 2015
Al Mazaya: Cityscape 2015 expected to
demonstrate fundamental optimism for
Gulf real estate
It can at times seem difficult to get
an accurate picture of the GCC real
estate sector’s vitality due to issues of
transparency regarding the number of
new projects that are slated for delivery
over the coming decade. Developers
are keen, naturally, to understand
variables
such
as
forthcoming
areas of government focus or state
infrastructure spending plans before
committing themselves to projects, or
to making their commitment public.
As a result, market analysts often pay
close attention to feasibility studies into
proposed developments in different
geographies to gain insights ahead
of the curve of the future direction
the market will move, should the
conditions be favourable. Feasibility
studies at least give an impression of
what sort real estate developments are
likely to receive the green light quickly.
Al Mazaya Holding real estate weekly
report points out the 2015 Cityscape
Global Exhibition is the starting
point for the Gulf real estate season.
Private sector developers and public
sector officials, whose job it is to
stimulate and regulate the market,
come together for a week to showcase
to potential buyers the region’s best
and brightest developments – some
of which will never make it past the
architect’s drawing stage. Delegates
love Cityscape for the opportunity it
provides to knowledge-share and to
swap rumours or industry gossip. Time
spent at Cityscape is indispensible
for understanding GCC real estate
market sentiment and the domestic and
international appetite for investment.
Put simply, Cityscape is a bellwether
for the GCC real estate industry – a
jamboree at which partnerships are
entered, deals are done and contacts
are made. When the market is tough,
the atmosphere at the showpiece
exhibition ismuted, butwhenconditions
are good, the euphoria is palpable.