New industry survey data released by Informa Markets, organiser of Cityscape\u2019s Real Estate Summit, shows 74% of respondents anticipate recovery for the MENA region\u2019s real estate industry within one to two years, with an encouraging 32% expecting green shoots of recovery in the next six to 12 months. The first edition of this bi-annual UAE& Wider MENA Real Estate Report is due to be published on Cityscape-Intelligence.com today.<\/p>\n\n\n\n
The surveyed revealed expansion of industrial and manufacturing industries is critical to both real estate sector recovery and non-oil revenue diversification, with warehousing (60%), data centers (56%) and manufacturing plants (55%) viewed as key growth areas across MENA, while residential and healthcare real estate were considered to be the fastest recovering sectors.<\/p>\n\n\n\n
The importance of Foreign Direct Investment (FDI) was also flagged, with 86% viewing it as the UAE\u2019s primary growth factor. Elsewhere in the survey, GCC and Levant countries (55.92%), and China (51.64%), were identified as key markets for investment and end users.<\/p>\n\n\n\n
The comprehensive survey, undertaken by over 500 professionals in a curated database ranging from developers, architects, designers, REITs, private and institutional investors, brokers, government staff, consultants and market analysts, covered a range of sector-critical topics important in commercial, industrial, retail, hospitality and residential real estate.<\/p>\n\n\n\n
Chris Speller, Group Director, Cityscape, Informa Markets, said: \u201cThe inaugural UAE & MENA Real Estate Report, for the second half of 2020, is an essential data study in what is clearly a challenging time for the market. Conducted by Cityscape Intelligence, the recently launched independent news and market analysis platform, our analysts saw a mix of confidence, pragmatism and caution from respondents across the regional industry infrastructure.\u201d<\/p>\n\n\n\n
The UAE & MENA Real Estate Report results will also be discussed at Cityscape\u2019s Real Estate Summit, a one-off edition of Cityscape in November at Dubai World Trade Centre. The Summit is a responsive collaboration between Informa Markets, Dubai Land Department and the holistic real estate industry to deliver a knowledge-sharing destination and B2B meeting place which empowers MENA real estate revival, according to Speller.<\/p>\n\n\n\n
Despite the challenging situation created by the global pandemic, an encouraging 42% of real estate professionals peg the MENA region for growth. Similarly, 46% forecast growth across GCC countries.<\/p>\n\n\n\n
The full UAE & Wider MENA Real Estate Report can be read at https:\/\/www.cityscape-intelligence.com\/global-insight\/middle-east-and-uae-real-estate-report-2020-released<\/a>.<\/p>\n\n\n\n Cityscape\u2019sReal Estate Summit will be hosted from November 16-17 at Dubai World Trade Centre with extensive Informa AllSecure<\/a> safety and hygiene measures in place. For more information, visit: www.cityscapeglobal.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" New industry survey data released by Informa Markets, organiser of Cityscape\u2019s Real Estate Summit, shows 74% of respondents anticipate recovery for the MENA region\u2019s real estate industry within one to two years, with an encouraging 32% expecting green shoots of recovery in the next six to 12 months. The first edition of this bi-annual UAE& […]<\/p>\n","protected":false},"author":1,"featured_media":8727,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-8726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts\/8726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/comments?post=8726"}],"version-history":[{"count":1,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts\/8726\/revisions"}],"predecessor-version":[{"id":8728,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts\/8726\/revisions\/8728"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/media\/8727"}],"wp:attachment":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/media?parent=8726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/categories?post=8726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/tags?post=8726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}