Key regions: Germany, Europe, Asia, United States, United Kingdom
The Residential Real Estate Transactions market in GCC is experiencing significant growth and development.
Customer preferences: Customers in the GCC region are increasingly interested in investing in residential real estate. This is driven by several factors, including the desire for stable and secure investments, the availability of attractive financing options, and the potential for high returns on investment. Additionally, there is a growing trend of GCC residents preferring to own their own homes rather than renting, which is further fueling the demand for residential real estate transactions.
Trends in the market: One of the key trends in the GCC residential real estate transactions market is the increasing demand for luxury properties. High-net-worth individuals in the region are seeking exclusive and high-end residential properties that offer luxurious amenities and premium finishes. This trend is particularly prominent in countries like the United Arab Emirates and Saudi Arabia, where there is a strong demand for luxury properties from both local and international buyers. Another trend in the market is the growing popularity of off-plan properties. Off-plan properties, which are sold before they are completed, are becoming increasingly attractive to buyers in the GCC region. This is because off-plan properties often offer lower prices and flexible payment plans, making them more affordable and accessible to a wider range of buyers. Additionally, off-plan properties provide buyers with the opportunity to customize their homes according to their preferences, further enhancing their appeal.
Local special circumstances: The GCC region is known for its favorable business environment and investor-friendly policies, which are attracting foreign investors to the residential real estate market. Many GCC countries have implemented initiatives to encourage foreign investment, such as offering residency visas to property owners and reducing property registration fees. These factors are contributing to the growth of the residential real estate transactions market in the region.
Underlying macroeconomic factors: The GCC region is experiencing steady economic growth, driven by factors such as population growth, infrastructure development, and diversification efforts. This is creating a favorable environment for the residential real estate market, as it attracts both local and international investors. Additionally, low interest rates and favorable financing options are making it easier for buyers to enter the market and invest in residential properties. In conclusion, the Residential Real Estate Transactions market in GCC is developing due to customer preferences for stable investments, the availability of financing options, and the desire for luxury properties. The market is also influenced by trends such as the popularity of off-plan properties and the attractiveness of the GCC region for foreign investors. These trends are supported by the region's favorable business environment and underlying macroeconomic factors, which contribute to the growth of the residential real estate transactions market.
Data coverage:
Figures are based on total and average revenue of residential real estate transactions (sales).Modeling approach:
Market size is determined by a 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 considered at a country-specific level.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
