Market Research Report

On

By: Ken Research

(Demand for Destination Retail and Affordable Housing to Shape Future)

Key Topics Covered in the Report:

Middle East Real Estate Market- Market Size by Value- By Supply- Market Segmentation byo Geography (UAE, Saudi Arabia, Egypt, Oman, Qatar and Others)- Country wise Market Size and Segmentation- Competition and Market Share in major geographies- Future Outlook and ProjectionsKey Geographies Mentioned in the ReportUAESaudi ArabiaQatarKuwaitOmanBahrainJordanEgypt Cont...

Key Sectors Mentioned in the ReportResidential SectorCommercial SectorRetail SectorHotel Sector

Companies Covered in the ReportEmaar PropertiesUnited Development CompanyZara Investment HoldingsTaller Moustafa Group and several others

Key Highlights of the Report

- Discussed leading players, profile, market share and product portfolio- Industry statistics from 2009 to 2014 and forecast from 2015 to 2019 in value terms- Detailed discussion of the market segments - Regulatory and macroeconomic environment

Source: https://www.kenresearch.com/mining-construction-infrastructure/real-estate-industry/middle-east-real-estate-market-research-report/637-97.html

Middle East Real Estate Market - Introduction and Size

The real estate market in Middle East has witnessed a robust growth before the global economic crisis has hit the market in the second half of 2008. Due to this, the investors retreated from the market and the ongoing developments and constructions were either cancelled or postponed. The real estate market of Middle East has considerably grown over the last few years except the 2009 global economic slowdown which has highly constrained the economic activities across the Middle East countries.

Middle East real estate market revenues have augmented at a CAGR of ~% during 2009-2014, with revenues being registered at USD ~ million during 2014.

The real estate sector of the Middle East is dominated by UAE with approximately ~% of the market revenues in 2014. Although, the market has faced some slowdown in terms of revenues contribution relative to 2009, it was still been able to dominate the overall market throughout the period 2009-2014.

Middle East Real Estate Market Size

Over the years, the Middle East real estate sector has consistently added newer 2009-2014, Middle East Real estate market supply has enhanced at a considerable CAGR of ~%, with real estate supply has been posted at ~thousand square meters in 2014. This increase in supply has been resulted due to rising demand for affordable housing units, emanated due to growing population in the Middle East region.

In addition, the arrival of expatriates to the region with a motive to own a property in the Middle East has driven the market in recent past.

Figure: Middle East Real Estate Market Size on the Basis of Revenues in USD Million, 2009-2014

The future of the Middle East real estate market is expected to be positive with stable growth in the long run due to mounting domestic demand for affordable residential properties, friendly government laws, surging government investments and inclining inbound travelers in the region. Owing to such trends, the market is envisaged to post revenues worth USD ~ million during 2019, by growing at a CAGR of 6.2% during 2015-2019.

Furthermore, higher demand for shopping along with leisure and recreational activities is expected from youth and young adults due to their projected increase in disposable income. This trend is likely to certainly drive the future of retail and hospitality segment of real estate market in Middle East.

Real Estate Market in Saudi Arabia

The real estate market in Saudi Arabia has grown at a steady CAGR of ~% during the period 2009-2014 with revenues being marked at USD ~ million during 2009. Residential segment of the market contributed the largest share in the year 2014. The residential market has contributed ~% to the overall supply of GLA in square meters during 2014.

The region is estimated to be the domain for 15,000 registered and unregistered real estate offices of which approximately 37% are based in the Central region, 34% in the Western and 29% in the Eastern region. , the real estate market of Saudi Arabia is likely to augment at a tremendous CAGR of ~%, with revenues being valued at USD ~ million by 2019.

Source: https://www.kenresearch.com/mining-construction-infrastructure/real-estate-industry/middle-east-real-estate-market-research-report/637-97.html

Real Estate Market in Qatar

Qatar real Estate market has deteriorated at a CAGR of 2.2% during the period 2009-2014, with revenues being registered at USD ~ million during 2014. The residential segment is the largest contributor of the real estate sector in Qatar, which has contributed ~% of the total real estate market of the region. The real estate sector in Qatar is fragmented amongst many large-scale and small-scale developers.

The future for the real estate market in Qatar is certainly promising on account of the booming domestic economy due to the inclining oil revenues and the bid win of the FIFA world Cup 2022.

Figure: Qatar Real Estate Market Future Projections on the Basis of Revenues in USD Million, 2015-2019

Real Estate Market in Egypt

The value of the real estate activities in Egypt has witnessed consistent surge throughout the years 2009-2014, whereby the revenues have augmented at a rapid CAGR of ~% during the period 2009-2014. The real estate market in Egypt is dominated by few major players who contribute around ~% of the total revenue of the market in 2014. The real estate market in Egypt is certainly expected to continue its regime as one of the most attractive real estate destination in the Middle East in terms of long term investment opportunities as a result of better economic conditions.

Figure: Egypt Real Estate Market Size on the Basis of Revenues in USD Million, 2009-2014

Figure: Egypt Real Estate Market Future Projections on the Basis of Revenue in USD Million, 2015-2019

Real Estate Market in Kuwait

The Kuwait real estate market based on contribution to GDP fell from USD ~ million in the year 2009 to USD ~ million in the year 2014. The residential segment contribution to the total supply of gross leasable area by the real estate sector has fallen from ~% in the year 2010 to ~% in the year 2014. The real estate market in Kuwait is highly saturated amongst 50 public listed companies of which 14 are Sariah compliant and several other small and private developers. The market in the future is projected to incline at a positive CAGR of ~% for the period 2015-2019, with revenues expected to stand at USD ~ million by 2019.

Company 2010 2011 2012

2013 2014

Mabanee

Salhiah Real Estate

United Real Estate

National Real Estate

Al Mazaya Holding

Tamdeen Real Estate Company

Total

Table: Market Share of Major Players in the Kuwait Real Estate Market on the Basis of Revenue Contribution in Percentage (%), 2010-2014

Real Estate Market in Oman Oman’s real estate market value has prospered at a sizeable CAGR of ~% for the period 2009-2014. The real estate market of Oman has been dominated by the residential segment of the market with a percentage contribution of ~% in 2014. The well planned long term government initiatives, buoyant financial policies as well as upsurge in demand has given a push to the real estate of Oman, which is anticipated to continue during the review period 2015-2019

Figure: Oman Real Estate Market Future Projections On The Basis of Revenues in USD Million, 2015-2019

Real Estate Market in Jordan The real estate market in Jordan has showcased a positive momentum during the years, which was largely exhibited due to the growth in demand. Jordan’s real estate market is primarily dominated by the residential segment, with an increasing demand from the domestic as well as the foreign buyers. The real estate market in Jordan is characterized by intense level of competition between several registered and unregistered companies. The market in the future is likely to flourish in the approaching years, and thus the revenues are likely to register at USD ~ million during 2019, projecting to grow at a CAGR of ~% during the period 2015-2019.

Real Estate Market in BahrainBahrain real estate market has prospered at a CAGR of ~%, with revenues being valued at USD ~ million during 2014. The residential real estate market in Bahrain has contributed majority of the share which was around ~% of the total real estate market supply in 2014. In the review period 2015-2019, boost in investors’ confidence, owing to surge in economic growth is expected to augment the confidence levels among investors and developers.

Source: https://www.kenresearch.com/

IF YOU HAVE ANY QUESTIONS REGARDING OUR ANALYSIS PLEASE FEEL FREE TO CONTACT US

Ankur Gupta (Head Sales & Marketing )Email: ankur@kenresearch.comPhone:+91-9015378249Website: https://www.kenresearch.com

KEN RESEARCH PVT. LTD.

THANK YOU FOR YOUR TIME