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Real Estate Continues to Draw Attention in Middle East

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real estate  USD  real estate sector  Middle east  oil and gas 

By - Wednesday 24 November 2010

The real estate sector in the Middle East is continuing to attract the attention of prospective investors, new research suggests. Despite a bleak global economic outlook, a study by online business intelligence platform Zawya found that real estate is one of the most popular projects being tracked by professionals.

Based on data analysed from thousands of members utilizing Zawya's Projects Monitor service in 2010, the most popular projects being tracked by professionals are in the oil and gas (30 per cent), real estate (19 per cent), power and water (18 per cent) and infrastructure (16 per cent) industry sectors.

In terms of specific projects, the most widely viewed developments in the region include a USD40 billion nuclear power plant, an airport expansion and a USD2.3 billion medical and research facility.

However, the body added that there still remain a number of barriers which are blocking a more widespread revival in the market. Transparency and the lack of up-to-date information are two of the most significant challenges faced in the construction sector, for example.

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*This page is provided for information purposes only and should not be construed as offering advice. IPIN is not licensed to give financial advice and all information provided by IPIN regarding real estate should never be treated as specific advice or regulations. This is standard practice with property investment companies as the purchase of property as an investment is not regulated by the UK or other Financial Services Authorities.

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