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Al Mazaya weekly report believes it is
crucially important that developers this
year strive to offer outstanding value
to potential buyers, and are mindful of
the need to build domestic confidence
in buying Gulf real estate. The region’s
demographics dictate that millions of
new homes must come onto the market
in the coming five years to keep pace
with the growth of young populations.
In this respect, affordable housing is
an extremely important area of the
real estate market throughout the
region and will attract much interest
at Cityscape. Another area likely to
attract interest is commercial real
estate that is suitable for the SME-
type businesses that are sprouting up
quickly thanks to government policies
that are conducive to small enterprise.
Many believe the best value available in
the market is at the affordable end of
the market, residential and commercial.
4
Al Mazaya weekly report sees much to be
optimistic about in the Gulf’s real estate
sector – we believe the region’s long-
term economic prospects are strong,
while GCC political stability gives the
region safe haven status that is highly
sought-after by potential investors. We
believe Gulf governments are in the main
delivering on promises to create climates
that are conducive to attracting FDI while
pursuing economic diversification goals.
Real estate development is recognised
within the Gulf as an important contributor
to GDP and to the creation of employment
opportunities, and is therefore supported
by the region’s governments. For
these reasons, we believe Cityscape
2015 will be very well supported.
We conclude by stating that, provided
the region’s governments continue to
do all they can to ease the bureaucracy
so loathed by investors while ensuring
real estate markets are well regulated
and appear secure, there is no reason
for pessimism of any kind regarding the
region’s real estate sector. We expect
Cityscape 2015 to show unequivocally
that this is the widely held view.
Mazaya Monthly Real Estate Report -
Week 1 - September 2015