Why Gulf investment in US property will rise again after coronavirus crisis

SourceArabian Business
SectorEconomy
CountryGulf

Gulf Arab and Middle Eastern investment in US real estate will continue to be steady in the medium and long-term after bouncing back from declines caused by the Covid-19 pandemic, according to experts. According to statistics compiled by commercial real estate and investment management firm JLL, cross-border inbound investment stemming from Middle Eastern investors averaged $2.2 billion between 2017 and 2019. Knight Frank says investment into the US from the Middle East has more than doubled in the past year, accounting for 15.4% of all global deals Additionally, the statistics indicate that the proportion of Middle Eastern activity in US buyer pools has increased gradually over the course of the property cycle, comprising 5.6 percent of acquisition volume from 2010 to 2014, followed by an increased 6.4 percent from 2015 to 2019. Total Arab ...read more...