Middle East

Middle East overview: real estate in numbers

Proactive economic management in the wake of low oil prices while external threats to real estate in the region prompts investors to rebalance their global portfolio. By Janie Manzoori-Stamford

Continent overview

182m

80m

2.80%

$980bn

19

26.5 yrs

Urban population Rural population Projected GDP growth rate in Fastest-growing economy: Iran Total wealth of ultra high net worth individuals Population growth rate per hour of Fastest-growing city: Istanbul, Turkey Median age of population

Databank

Investment data

Total H1 2015 Total H1 2016 % change YOY
Capital market flow total $1.7bn $1.3bn -24.7
Domestic investment $1.5bn $932.7m -37.4
Cross-border investment $166.5m $364.5m -118.9

Dubai tourism (%)

Year
2011 2.3
2012 -3.1
2013 4.2
2014 8.6
2015 7.5
2016 4.3
2017 5.2

7.8%

6m

8%

$164.5bn

of total employment jobs of GDP value

Did you know?

GCC nationals were the largest investors in Dubai real estate last year, committing more than $12bn over the period.

Source: Statista, WTTC

Need-to-know trends

Lower growth

The prolonged period of low oil prices has had a negative impact on the domestic market with lower growth forecasts, industry consolidation and increased fiscal stress, such as fewer subsidies and extra taxes. Most Middle Eastern governments are entering a…

Other News

C&W predicts jump in European investment

Investment into European property will rebound with 6.3% growth in volumes in 2017 despite rising inflation and political volatility, forecasts from Cushman & Wakefield’s 2017… Read more »

M Middle East

Centres of excellence

The top 100 richest cities in the world account for around one-third of global GDP. To access 25% of available global output, you would need… Read more »

M Middle East

Let’s talk about tax

1. New UK interest restriction rules From April this year, new rules will limit corporation tax deductions for UK corporate borrowers. The ceiling for allowable… Read more »

M Middle East