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






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


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 (%)

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





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

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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…

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