Real Estate - MENA

MENA

The value of Real Estate market is projected to reach US$33.44tn in 2024.
Residential Real Estate dominates the market with a projected market volume of US$28.42tn in 2024.
The value is expected to show an annual growth rate (CAGR 2024-2029) of 3.07%, resulting in a market volume of US$38.89tn by 2029.
In global comparison, most Real Estate value will be generated in the United States (US$132.0tn in 2024).

Key regions: United States, China, Japan, Germany, United Kingdom

Market

Region

Region comparison

Currency

Methodology

Data coverage:

Figures are based on value of residential and commercial real estate, average real estate value, residential estate transactions and leases.

Modeling approach / Market size:

Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use data from international organizations and industry associations. Next we use relevant key market indicators and data from country-specific associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are GDP per capita, population, number of renter and owner households, price level index, housing consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war are considered at a country-specific level.