Markaz launches H2-2023 outlook reports for key GCC real estate markets

Markaz launches H2-2023 outlook reports for key GCC real estate markets

Kuwait : Kuwait Financial Centre "Markaz" has released a set of reports focusing on the real estate sectors in Kuwait, Saudi Arabia, and the United Arab Emirates. These reports, titled "Markaz's Real Estate Sector Outlook for H2-2023," reflect Markaz's commitment to keeping clients’ and those interested in real estate informed about the latest developments in these regional markets.

The periodic reports prepared by Marmore MENA Intelligence, the research arm of Markaz, cover macro and microeconomic activities based on Markaz's Real Estate Macro Index Score, which is designed to help investors determine the current state of the real estate sector using a list of economic indicators. A quantitative score is assigned to each qualitative rating. The rating “Strong” requires a score of 5 and the rating “poor” requires a score of “1”. The average score is calculated according to economic and financial factors. The reports revealed that the UAE achieved the highest rating with a score of "3.8," followed by Saudi Arabia at "3.55", and Kuwait with a score of "3. "The reports also provide insights and data-based figures to measure the conditions of the sector in the main GCC markets during 2023.

H2 2023 outlook for Kuwait’s real estate market

Kuwait’s economic growth