Real Estate Market-GCC
Market Statistics
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 5.13% (2024-2032)
The GCC real estate market is evolving, driven by economic diversification, urbanization, and increased foreign investment, enhancing demand across sectors. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 5.13% from 2024 to 2032.
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GCC Real Estate Market Trends and Drivers:
- Significant Growth: The GCC real estate market is experiencing substantial growth driven by government investments and economic diversification efforts.
- Infrastructure Projects:
- Key GCC countries are spearheading large-scale projects such as smart cities, luxury developments, and tourism-focused ventures.
- These projects are redefining the real estate landscape.
- Strategic Programs:
- Initiatives like Vision 2030 and the Expo 2020 legacy projects have increased demand for various property types.
- These programs are attracting foreign investments, creating a dynamic market.
- Population and Urbanization:
- The region’s expanding population and rapid urbanization are accelerating market growth.
- There is a rising demand for high-quality living spaces.
- Mixed-Use Developments:
- The popularity of developments that blend residential, retail, and entertainment spaces is increasing.
- These developments cater to the evolving lifestyle needs of modern residents.
- Green Building Initiatives:
- Governments are promoting energy-efficient and eco-friendly construction practices.
- Smart city projects emphasize the use of advanced technologies.
- Digital Transformation:
- Virtual property tours, online transactions, and data-driven analytics are improving the real estate experience.
- These technologies make buying and selling processes more efficient and transparent.
- Economic Zones and Property Laws:
- Expansion of economic zones and relaxed property ownership laws for expatriates are fostering GCC real estate market growth.
- A thriving tourism industry continues to boost demand.
- Attracting Investments:
- The region’s strategic developments are drawing both local and international investors.
- The GCC is solidifying its position as a global real estate hub.
GCC Real Estate Industry Segmentation:
The report has segmented the market into the following categories:
Breakup by Property:
- Residential
- Commercial
- Industrial
- Land
Breakup by Business:
- Sales
- Rental
Breakup by Mode:
- Online
- Offline
Breakup by Country:
- Saudi Arabia
- UAE
- Qatar
- Bahrain
- Kuwait
- Oman
Request for customization: https://www.imarcgroup.com/request?type=report&id=9013&flag=C
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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