Residential Real Estate - MENA

MENA

The value of Residential Real Estate market is projected to reach US$28.42tn in 2024.
The value is expected to show an annual growth rate (CAGR 2024-2029) of 3.28%, resulting in a market volume of US$33.40tn by 2029.
In global comparison, most Real Estate value will be generated in China (US$112.9tn in 2024).

Key regions: Europe, Brazil, France, Asia, United States

Market

Region

Region comparison

Currency

Methodology

Data coverage:

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

Modeling approach:

Market size is determined by a combined top-down and bottom-up approach. We use national statistics, international organizations, and industry associations to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country specific industry associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the market, for instance, 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:

Data is modeled using current exchange rates. 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.