GCC Real Estate Market Analysis, Growth, Share, Trends, Size, Outlook 2024-2032
- Ruby Arora
- Nov 26, 2024
- 2 min read
Real Estate Market-GCC
Market Statistics
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 5.13% (2024-2032)
The GCC real estate market thrives on government investments, economic diversification, urbanization, mixed-use developments, sustainability, and rising foreign investments. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 5.13% from 2024 to 2032.
GCC Real Estate Market Trends and Drivers:
Additional Growth Factors:
Expansion of economic zones.
Easing of property ownership laws for expatriates.
Thriving tourism industry.
Digital Transformation:
Embracing virtual property tours, online transactions, and data-driven analytics.
Enhancing efficiency and transparency in the real estate sector.
Robust Growth:
Witnessing significant growth fueled by substantial government investments and economic diversification initiatives.
Leading GCC nations are driving large-scale infrastructure projects, including smart cities, luxury developments, and tourism-focused ventures.
Strategic programs like Vision 2030 and the legacy of Expo 2020 are amplifying demand for residential, commercial, and hospitality properties.
Attracting foreign investments and fostering a vibrant real estate ecosystem.
Market Drivers:
Rapid urbanization and a growing population.
Increasing preference for high-quality living spaces.
Rising popularity of mixed-use developments integrating residential, retail, and entertainment spaces.
Addressing evolving lifestyle preferences of modern resident
Government Initiatives:
Championing green building practices and smart city projects.
Prioritizing energy-efficient designs and eco-friendly materials.
Advanced technology integration in infrastructure.
Local and International Investments:
Attracting both local and international investors.
Solidifying the GCC’s reputation as a global real estate powerhouse.
Download sample copy of the Report: https://www.imarcgroup.com/gcc-real-estate-market/requestsample
GCC Real Estate Industry Segmentation:
The report has segmented the market into the following categories:
Breakup by Property:
Residential
Commercial
Industrial
Land
Breakup by Business:
Sales
Rental
Breakup by Mode:
Online
Offline
Breakup by Country:
Saudi Arabia
UAE
Qatar
Bahrain
Kuwait
Oman
Request for customization: https://www.imarcgroup.com/request?type=report&id=9013&flag=C
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
Market Performance (2018-2023)
Market Outlook (2024-2032)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Strategic Recommendations
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us: IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
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