SOURCE: MarketResearch.com

MarketResearch.com

March 12, 2012 06:08 ET

Demand for Affordable Residential Properties Will Generate Growth in the Middle East Real Estate Market

ROCKVILLE, MD--(Marketwire - Mar 12, 2012) - MarketResearch.com has announced the addition of the new report "Middle East Real Estate Market Outlook to 2013 - Surging Tenants' Bargaining Power," to their collection of Real Estate market reports. For more information, visit http://www.marketresearch.com/AM-Mindpower-Solutions-v3771/Middle-East-Real-Estate-Outlook-6806742/

The report discusses in details various aspects of Middle East's real estate market with a focus on the reduced household budget allocation of the tenants along with the rising domestic population, government initiatives to attract foreign investors and the changing tastes and preference of the tenants and the investors. The report covers the comprehensive analysis on the market size of the real estate sector in the Middle East with a focus on seven countries such as Saudi Arabia, Egypt, UAE (including Northern Emirates, Dubai and Abu Dhabi), Jordan, Oman, Kuwait and Qatar on the basis of supply and revenue, market segmentation, competitive landscape and company profiles of major developers operating in these seven countries. The report also entails the SWOT analysis of the real estate sector. The future projections and outlook provide an insight on the future growth drivers and challenges in the real estate sector of Saudi Arabia, Egypt, UAE (including Northern Emirates, Dubai and Abu Dhabi), Jordan, Oman, Kuwait and Qatar.

The real estate market in the Middle East has entered a correction phase in the year 2010 with a major portion of demand inflow from the residential segment. The demand is primarily generated by the low and medium income segment of the population and therefore the developers were focusing towards building affordable and economic housing properties to cater to their requirement. The future of the Middle East real estate market is expected to be favorable with stable growth in the long run due to mounting domestic demand for affordable residential properties, friendly government laws and surging government investments and inclining inbound travelers in the region.

The real estate market in Saudi Arabia has showcased a remarkable growth in 2010, primarily due to an increasing domestic demand for real estate properties. In addition, the arrival of religious and leisure tourists and travelers to the country has driven the market in the recent past and has resulted into lower vacancy rates of the retail shopping malls and hotel rooms.

The Egypt real estate market in the midst of global economic unrest has showcased a sustainable performance as compared to the other countries in the Middle East, who have been trying to overcome the prevailing market and economic conditions. A consistent increase in the demand for housing units has been recorded over the years, which has surpassed the supply due to the growing need for housing facilities to accommodate an increasing population. In addition, the traditional approach of the Egyptians to hold their properties rather than selling it during odd economic conditions along with the conservative mortgage market have restricted the country's real estate market's exposure to the global economic slowdown.

For more information, visit http://www.marketresearch.com/AM-Mindpower-Solutions-v3771/Middle-East-Real-Estate-Outlook-6806742/

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