Wednesday, May 24, 2017
etisalat

UAE, Qatar lead GCC real estate market

Dubai, Abu Dhabi and Doha are the top three real estate markets in the GCC, a new report has revealed.

The study by Al Masah Capital says Dubai leads the region, with the city’s growing population and its hosting of the Expo 2020 helping to fuel demand.

The report adds that the capital has also seen rising demand, thanks to new jobs being created in the fields of tourism and business.

Meanwhile Doha completes the top three, offering high property yields and seeing major infrastructure work ahead of the FIFA World Cup in 2022.

The report predicts the UAE and Qatar are likely to remain at the forefront of the real estate market this year, as both countries invest heavily in new infrastructure and mega projects.