The market of real estate in the Gulf Cooperation Council (GCC) is expected to grow beyond USD 252.80 billion by 2033 with rising investments and infrastructure development and policy changes that will help diversify the economy. The GCC real estate market has been estimated at USD 131.86 in 2024 and is projected to rise at a strong compound annual growth rate (CAGR) of 7.10 per cent between 2025 and 2033 as per the most recent research by the IMARC Group.
The paper titled GCC Real Estate Market Size, Share, Trends and Forecast by Property, Business, Mode, and Country, 2025-2033 offers an in-depth review of the changing dynamics of the industry. It highlights the increased demand of residential and commercial houses due to the growth in the population, high urbanization and inflow of foreign investors.
This growth is being buoyed by a number of factors. Real estate investments are being facilitated by government-initiated programs like the vision 2030 in Saudi Arabia and long-term residency programs in the UAE which are creating a conducive environment. Moreover, the emergence of mega infrastructure projects such as smart cities and mixed-use developments is transforming the setting of the GCC real estate market.
Some other trends are also shaping the market such as digital transformation of property management, more interest in property tokenization and a discernible move towards sustainable and energy efficient properties.
The country-specific developments continue to be critical. UAE and Saudi Arabia retain their presence in the regional real estate market as they take up an enormous portion of the market. In the meantime, the market potential in new locations, including Qatar, Oman, and Bahrain, is quite encouraging due to strategic reforms and investor confidence.
News Source – https://industrytoday.co.uk/market-research-industry-today/gcc-real-estate-market-size-to-hit-usd-25280-billion-by-2033-with-a-710-cagr?
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