Markaz’s H1-2023 real estate reports signal sector growth in key GCC markets

Markaz’s H1-2023 real estate reports signal sector growth in key GCC markets

Kuwait City: The Kuwait Financial Centre “Markaz” launched a series of reports on the real estate sector in Kuwait, Saudi Arabia and the UAE. The reports stem from Markaz's commitment to keeping its clients and those interested in the sector, informed and up to date on the latest developments.

Buoyed by strong macroeconomic fundamentals, the real estate sector in GCC economies is on a solid trajectory to witness acceleration in the first half of the year, according to the ‘Real Estate H1 2023 Outlook’ reports for Kuwait, Saudi Arabia and the UAE, issued recently by the Kuwait Financial Centre “Markaz”.

Prepared by Marmore MENA Intelligence, the research arm of Markaz, and based on the ‘Markaz Real Estate Macro Index’, which is designed to help investors in identifying the current state of real estate market using a list of economic indicators. For each of the qualitative score, a quantitative score was assigned with ‘Strong’ being assigned a top score of ‘5’ and ‘Poor’ assigned a value of ‘1’. A weighted average score is computed based on the Macro-Economic factors. Markaz’s annual real estate reports cover macroeconomic and microeconomic activity and provide data-driven insights and figures that measure the status of the industry across