KSA Business: Saudi, UAE driving GCC real estate post-pandemic recovery – Gulf Digital News

KSA Business: Saudi, UAE driving GCC real estate post-pandemic recovery – Gulf Digital News

Buoyed by strong macroeconomic fundamentals, the real estate sector in GCC economies is on a solid trajectory to witness acceleration in the second half of the year, said Kuwait Financial Centre (Markaz) in its latest ‘Real Estate H2 2022 Outlook’ reports for the UAE and Saudi Arabia.

Prepared by Marmore Mena Intelligence, a fully owned subsidiary of Markaz, based on the ‘Markaz Real Estate Macro Index,’ the reports help investors identify the current state of the GCC real estate market through various economic indicators such as oil and non-oil GDP growth, inflation, new job creation, interest rate, and population growth, among others.

In this report, Markaz analyses the performance of subsectors such as residential, office, retail and hospitality during the first six months and delve into the impact of various new socioeconomic policies and real estate reforms and initiatives on the sector.

The findings and observations in the reports are substantiated with data from the past seven years along with estimates for the remainder of the current year and forecasts for the next year.

The ‘UAE Real Estate Outlook H2 2022’ reveals that the real estate sector in the country has overall been trending upwards this year, with a rise in rentals and property