Middle East Real Estate Market Outlook to 2019 - Demand for Destination Retail and Affordable Housing to Shape Future
Region:Middle East
Product Code:KR311
April 2015
351
About the Report
The market research report titled 'Middle East Real Estate Market Outlook to 2019 - Demand for Destination Retail and Affordable Housing to Shape Future' provides an in-depth analysis of the Middle East real estate market. The report covers specific insights on the market size in terms of value, segmentation by geography & sector wise segmentation by major countries, drivers and restraints, recent trends and developments, government regulations and future outlook of the real estate market at the Middle East level and countries. The report also entails a detailed description of the prominent and emerging geographic markets of the region including UAE, Saudi Arabia, Oman, Kuwait, Bahrain, Qatar, Jordan and Egypt.
Middle East
The Middle East real estate industry is one of the fastest growing sectors across the world. Foreign real estate developers have infused billions of dollars into places such as Oman, Qatar, Dubai, Saudi Arabia and other countries in Middle East region, which has pushed the growth of this market. Middle East real estate market revenues have augmented at a CAGR of ~% during 2009-2014, with revenues being registered at USD ~ million during 2014.
UAE
In the year 2014, UAE real estate market the surge in real estate investments from domestic as well as overseas investors have quadrupled the market to USD ~ million, with a moderate growth rate of ~% during the year. The real estate market in UAE has been significantly dominated by the Dubai with a market share of ~% in 2014. Northern Emirates has been the second largest segment of UAE real estate market, with a share contribution of ~% in 2014. During 2014, residential sector of UAE has contributed ~% of the overall real estate supply. UAE real estate market is highly fragmented and competitive with about 2,206 brokers in Dubai alone currently listed by Real Estate Regulatory Authority (RERA). Dubai Holdings is the largest real estate developer in the UAE with a market share of ~% in 2014. UAE real estate market is poised to grow at a noticeable CAGR of 6.4% during the period 2015-2019, with revenues expected to reach USD ~ million by 2019.
Saudi Arabia
The real estate market in Saudi Arabia has grown at a steady CAGR of ~% during the period 2009-2014 with revenues being marked at USD ~ million during 2009. Residential segment of the market contributed the largest share in the year 2014. The residential market has contributed ~% to the overall supply of GLA in square meters during 2014.The region is estimated to be the domain for 15,000 registered and unregistered real estate offices of which approximately 37% are based in the Central region, 34% in the Western and 29% in the Eastern region. , the real estate market of Saudi Arabia is likely to augment at a tremendous CAGR of ~%, with revenues being valued at USD ~ million by 2019.
Qatar
Qatar real Estate market has deteriorated at a CAGR of 2.2% during the period 2009-2014, with revenues being registered at USD ~ million during 2014. The residential segment is the largest contributor of the real estate sector in Qatar, which has contributed ~% of the total real estate market of the region. The real estate sector in Qatar is fragmented amongst many large-scale and small-scale developers. The future for the real estate market in Qatar is certainly promising on account of the booming domestic economy due to the inclining oil revenues and the bid win of the FIFA world Cup 2022.
Egypt
The value of the real estate activities in Egypt has witnessed consistent surge throughout the years 2009-2014, whereby the revenues have augmented at a rapid CAGR of ~% during the period 2009-2014. The real estate market in Egypt is dominated by few major players who contribute around ~% of the total revenue of the market in 2014. The real estate market in Egypt is certainly expected to continue its regime as one of the most attractive real estate destination in the Middle East in terms of long term investment opportunities as a result of better economic conditions.
Kuwait
The Kuwait real estate market based on contribution to GDP fell from USD ~ million in the year 2009 to USD ~ million in the year 2014. The residential segment contribution to the total supply of gross leasable area by the real estate sector has fallen from ~% in the year 2010 to ~% in the year 2014. The real estate market in Kuwait is highly saturated amongst 50 public listed companies of which 14 are Sariah compliant and several other small and private developers. The market in the future is projected to incline at a positive CAGR of ~% for the period 2015-2019, with revenues expected to stand at USD ~ million by 2019.
Oman
Oman’s real estate market value has prospered at a sizeable CAGR of ~% for the period 2009-2014. The real estate market of Oman has been dominated by the residential segment of the market with a percentage contribution of ~% in 2014. The well planned long term government initiatives, buoyant financial policies as well as upsurge in demand has given a push to the real estate of Oman, which is anticipated to continue during the review period 2015-2019
Jordan
The real estate market in Jordan has showcased a positive momentum during the years, which was largely exhibited due to the growth in demand. Jordan’s real estate market is primarily dominated by the residential segment, with an increasing demand from the domestic as well as the foreign buyers. The real estate market in Jordan is characterized by intense level of competition between several registered and unregistered companies. The market in the future is likely to flourish in the approaching years, and thus the revenues are likely to register at USD ~ million during 2019, projecting to grow at a CAGR of ~% during the period 2015-2019.
Bahrain
Bahrain real estate market has prospered at a CAGR of ~%, with revenues being valued at USD ~ million during 2014. The residential real estate market in Bahrain has contributed majority of the share which was around 91.3% of the total real estate market supply in 2014. In the review period 2015-2019, boost in investors’ confidence, owing to surge in economic growth is expected to augment the confidence levels among investors and developers.
Key Topics Covered in the Report:
- The market size of Middle East Real Estate market in terms of revenue.
- Middle East market segmentation by geographies covering UAE, Saudi Arabia, Oman, Kuwait, Bahrain, Qatar, Jordan and Egypt.
- Future outlook and projections of real estate market in Middle East region.
- UAE real estate market size, segmentation, trends, SWOT Analysis market share of major companies in the industry.
- Saudi Arabia real estate market size, segmentation, trends, SWOT Analysis market share of major companies in the industry.
- Egypt real estate market size, segmentation, trends, SWOT Analysis market share of major companies in the industry.
- Qatar real estate market size, segmentation, trends, SWOT Analysis market share of major companies in the industry.
- Oman real estate market size, segmentation, trends, SWOT Analysis market share of major companies in the industry.
- Kuwait real estate market size, segmentation, trends, SWOT Analysis market share of major companies in the industry.
- Bahrain real estate market size, segmentation, trends, SWOT Analysis market share of major companies in the industry.
- Jordan real estate market size, segmentation, trends, SWOT Analysis market share of major companies in the industry.
Scope of the Report
Products
Companies
Table of Contents
1. Middle East Real Estate Market Introduction
1.1. Middle East Real Estate Market Size, 2009-2014
1.1.1. By Revenues, 2009-2014
1.1.2. By Supply, 2009-2014
1.2. Middle East Real Estate Market Segmentation by Geography, 2009-2014
1.3. Business Model of Middle East Real Estate Online Portals
2. Middle East Real Estate Market Future Outlook and Projections, 2015-2019
2.1. Cause and Effect Relationship between Dependent and Independent Factors Prevailing in Middle East Real Estate Market
3. UAE Real Estate Market Introduction
3.1. UAE Real Estate Market Size, 2009-2014
3.1.1. By Revenues, 2009-2014
3.1.2. By Supply, 2009-2014
3.2. UAE Real Estate Market Segmentation, 2009-2014
3.2.1. By Abu Dhabi, Dubai and Northern Emirates Real Estate Supply, 2009-2014
3.2.2. By Residential, Office, Retail and Hotel Supply, 2009-2014
3.3. Dubai Real Estate Market Introduction
3.3.1. Dubai Real Estate Market Size By Supply, 2009-2014
3.3.2. Dubai Real Estate Market Segmentation by Residential, Office, Retail and Hotel Supply, 2009-2014
3.4. Abu Dhabi Real Estate Market Introduction
3.4.1. Abu Dhabi Real Estate Market Size By Supply, 2009-2014
3.4.2. Abu Dhabi Real Estate Market Segmentation by Residential, Office, Retail and Hotel Supply, 2009-2014
3.5. Northern Emirates Real Estate Market Introduction
3.5.1. Northern Emirates Real Estate Market Supply, 2009-2014
3.5.2. Northern Emirates Market Segmentation by Residential, Office, Retail and Hotel Supply, 2009-2014
3.6. Snapshot of UAE Real Estate Rental Market, 2014
3.7. UAE Real Estate Online Market Introduction and Market Size by Revenues, 2009-2014
3.7.1. UAE Real Estate Online Market Competitive Landscape
3.8. UAE Major Real Estate Projects
3.9. UAE Real Estate Market Trends and Developments
Declining Rental Rates
Increasing Demand for Grade- A Office Spaces
Potential Demand for Villas in Dubai
Increase in Affordable Residential Units Demand
Future Directions of Growth
3.10. UAE Real Estate Market SWOT Analysis
3.11. UAE Real Estate Agents Market Introduction and Market Size by Revenues, 2009-2014
3.12. Market Share of Major Real Estate Developers in UAE, 2009-2014
3.13. Major UAE Real Estate Developers Profiles
3.13.1. Dubai Holdings
Company Overview
Financial Performance, 2009-2014
3.13.2. Emaar Properties
Company Overview
Financial Performance, 2009-2014
3.13.3. Sorouh Real Estate Company (Part of Aldar Properties)
Company Overview
Financial Performance, 2009-2014
3.13.4. Union Properties
Company Overview
Financial Performance, 2009-2014
3.13.5. Aldar Properties
Company Overview
Financial Performance, 2009-2014
3.13.6. Deyaar Holding
Company Overview
Financial Performance, 2009-2014
3.14. UAE Real Estate Market Future Outlook and Projections, 2015-2019
3.14.1. Residential, Office, Retail, Hotel Projected Supply, 2015-2019
3.15. UAE Macro-Economic and Industry Factors: Historical and Projections
3.15.1. Population in UAE, 2009-2019
3.15.2. Gross Domestic Product in UAE, 2008-2019
3.15.3. Number of Tourists Arrivals in UAE, 2009-2019
3.15.4. Inflation Rate in UAE, 2009-2019
4. Saudi Arabia Real Estate Market Introduction
4.1. Saudi Arabia Real Estate Market Size, 2009-2014
4.1.1. By Revenue, 2009-2014
4.1.2. By Supply, 2009-2014
4.2. Saudi Arabia Real Estate Market Segmentation by Residential, Office, Retail and Hotel, 2009-2014
4.3. Riyadh Real Estate Market Size by Supply, 2009-2014
4.3.1. Riyadh Real Estate Market Segmentation, 2012-2014
4.3.2. Riyadh Real Estate Market Future Outlook and Projections, 2015-2019
4.4. Snapshot of Saudi Arabia Real Estate Rental Market, 2009-2014
4.5. Saudi Arabia Major Real Estate Projects Developments, 2013
4.6. Saudi Arabia Real Estate Online Market, 2009-2014
4.6.1. Saudi Arabia Real Estate Market Competitive Landscape
4.7. Saudi Arabia Real Estate Agents Market, 2009-2014
4.8. Trends and Developments in Saudi Arabia Real Estate Market
Mortgage Laws to aid the supply of housing properties
Office segment driven by the internal or domestic demand
Growing demand for Modern malls
Preference for “Grade A” office spaces
4.9. Saudi Arabia Real Estate Market SWOT Analysis
4.10. Market Share of Major Players in Saudi Arabia Real Estate Market, 2009-2014
4.11. Major Saudi Arabia Real Estate Developers Profiles
4.11.1. Dar Al Arkan Real Estate Development Company
Company Overview
Financial Performance, 2009-2014
4.11.2. Saudi Real Estate Company
Company Overview
Financial Performance, 2009-2014
4.11.3. Saudi Hotels and Resort Areas Company
Company Overview
Financial Performance, 2009-2014
4.11.4. Makkah Construction and Development Company
Company Overview
Financial Performance, 2009-2014
4.11.5. Taiba Holding
Company Overview
Financial Performance, 2009-2014
4.11.6. Arriyadh Development Company
Company Overview
Financial Performance, 2009-2014
4.12. Saudi Arabia Real Estate Market Future Outlook and Projections, 2015-2019
4.13. Saudi Arabia Macro Economic and Industry Factors, 2009-2019
4.13.1. Population, 2009-2019
4.13.2. Gross Domestic Product of Saudi Arabia, 2009-2019
4.13.3. Number of Tourists, 2009-2019
4.13.4. Inflation in Saudi Arabia, 2009-2019
4.13.5. Real Estate Finance, 2009-2019
5. Qatar Real Estate Market Introduction
5.1. Qatar Real Estate Market Size, 2009-2014
5.1.1. By Revenue, 2009-2014
5.1.2. By Supply, 2009-2014
5.2. Qatar Real Estate Market Segmentation by Residential, Office, Retail and Hotel Supply, 2009-2014
5.3. Snapshot of Qatar Real Estate Rental Market, 2013-2014
5.4. Qatar Real Estate Online Market Introduction and Market Size, 2009-2014
5.4.1. Qatar Real Estate Online Market Competitive Landscape
5.5. Qatar Major Real Estate Projects
5.6. Qatar Real Estate Market Trends and Developments
Qatar’s FIFA World Cup bid to impel real estate activities
Increasing government and private investment
Growing occupancy rate
5.7. Qatar Real Estate Market SWOT Analysis
5.8. Market Share of Major Players in Qatar Real Estate Market, 2009-2014
5.9. Major Qatar Real Estate Developers Profiles
5.9.1. United Development Company
Company Overview
Financial Performance, 2009-2014
5.9.2. Barwa Real Estate Company
Company Overview
Financial Performance, 2009-2014
5.9.3. Ezdan Real Estate
Company Overview
Financial Performance, 2009-2014
5.10. Qatar Real Estate Market Future Outlook and Projections, 2015-2019
5.11. Qatar Macro Economic and Industry Factors, 2009-2019
5.11.1. Population in Qatar, 2009-2019
5.11.2. Gross Domestic Product in Qatar, 2008-2018
5.11.3. Number of Tourists in Qatar, 2009-2019
5.11.4. Inflation in Qatar, 2009-2019
6. Egypt Real Estate Market Introduction
6.1. Egypt Real Estate Market Size, 2009-2014
6.1.1. By Revenue, 2009-2014
6.2. Cairo Real Estate Market Introduction and Market Size by Supply, 2011-2014
6.2.1. Cairo Real Estate Market Segmentation by Residential, Retail, Commercial and Hotel Sector, 2011-2014
6.3. Snapshot of Egypt Real Estate Rental Market, 2013
6.4. Major Real Estate Projects in Egypt
6.5. Egypt Real Estate Agents Market, 2009-2014
6.6. Egypt Real Estate Online Market, 2009-2014
6.6.1. Egypt Real Estate Online Market Competitive Landscape
6.7. SWOT Analysis for Egypt Real Estate Market
6.8. Market Share of Major Players in Egypt real Estate market, 2009-2014
6.9. Major Egypt Real Estate Developers Profiles
6.9.1. Talaat Mostafa Group Holding (TMG)
Company Overview
Financial Performance, 2009-2014
6.9.2. Six of October Development and Investment Company (SODIC)
Company Overview
Financial Performance, 2009-2014
6.9.3. Palm Hills Developments (PHD)
Company Overview
Financial Performance, 2009-2014
6.9.4. Orascom Hotels & Development
Company Overview
Financial Performance, 2009-2014
6.9.5. Heliopolis Housing
Company Overview
Financial Performance, 2009-2014
6.9.6. United Housing & Development
Company Overview
Financial Performance, 2008-2013
6.10. Egypt Real Estate Market Future Outlook and Projections, 2015-2019
6.11. Egypt Macro Economic and Industry Factors, 2009-2019
6.11.1. Population in Egypt, 2009-2019
6.11.2. Gross Domestic Product of Egypt, 2009-2019
6.11.3. Number of Inbound tourists in Egypt, 2009-2019
6.11.4. Inflation Rate in Egypt, 2009-2019
7. Kuwait Real Estate Market Introduction
7.1. Kuwait Real Estate Market Size, 2009-2014
7.1.1. By Revenues, 2009-2014
7.1.2. By Supply, 2009-2014
7.2. Kuwait Real Estate Market Segmentation by Residential, Office, Retail and Hotel Supply, 2009-2014
7.3. Snapshot of Kuwait Real Estate Rental Market, 2013
7.4. Kuwait Real Estate Online Market Introduction and Market Size, 2009-2014
7.4.1. Kuwait Real Estate Online Market Competitive Landscape
7.5. Kuwait Major Real Estate Projects
7.6. Kuwait Real Estate Market Trends and Developments
Surge in Credit Availability for Residential Sector
Rising cost of raw materials
Decline in rental and land rates
Growing preference for modern malls
7.7. Kuwait Real Estate Market SWOT Analysis
7.8. Kuwait Real Estate Agents Market Introduction and Market Size, 2009-2014
7.9. Market Share of Major Players in Kuwait Real Estate Market, 2010-2014
7.10. Major Kuwait Real Estate Developers Profiles
7.10.1. Salhiah Real Estate
Company Overview
Financial Performance, 2009-2014
7.10.2. Mabanee Company
Company Overview
Financial Performance, 2010-2014
7.10.3. United Real Estate Company (UREC)
Company Overview
Financial Performance, 2009-2014
7.10.4. Tamdeen Real Estate Company
Company Overview
Financial Performance, 2009-2014
7.10.5. National Real Estate Company
Company Overview
Financial Performance, 2010-2014
7.11. Kuwait Real Estate Market Future Outlook and Projections, 2015-2019
7.12. Kuwait Macro Economic and Industry Factors
7.12.1. Population in Kuwait, 2009-2019
7.12.2. Gross Domestic Product in Kuwait, 2009-2019
7.12.3. Number of Tourists in Kuwait, 2009-2019
7.12.4. Inflation in Kuwait, 2009-2019
8. Oman Real Estate Market Introduction
8.1. Oman Real Estate Market Size, 2009-2014
8.1.1. By Revenue, 2009-2014
8.1.2. By Supply, 2009-2014
8.2. Oman Real Estate Market Segmentation by Residential, Office, Retail and Hotel Supply, 2009-2014
8.3. Snapshot of Oman Real Estate Rental Market
8.4. Major Real estate Projects in Oman
8.5. Oman Real Estate Market Trends and Developments
Increasing Demand for Affordable Housing
Development of smaller Retail outlets
Growing demand for readymade houses
Preference for housing properties with better quality and modern designs
8.6. Oman Real Estate Market SWOT Analysis
8.7. Oman Online Real Estate Market Introduction and Market Size, 2009-2014
8.7.1. Oman Real Estate Online Market Competitive Landscape
8.8. Oman Real Estate Agents Market Introduction and Market Size, 2009-2014
8.9. Oman Real Estate Market Developers Profiles
8.9.1. Al Khonji Real Estate & Development (AQAR) Company Overview
8.9.2. Al Madina Real Estate Company Overview
8.9.3. Sahara Hospitality Company
Company Overview
Financial Performance, 2009-2014
8.10. Oman Real Estate Market Future Outlook and Projections, 2015-2019
8.11. Oman Macro Economic and Industry Factors
8.11.1. Population in Oman, 2009-2019
8.11.2. Gross Domestic Product of Oman, 2009-2019
8.11.3. Number of Tourists in Oman, 2009-2019
8.11.4. Inflation in Oman, 2009-2019
9. Jordan Real Estate Market Introduction
9.1. Jordan Real Estate Market Size, 2009-2014
9.1.1. By Revenue, 2009-2014
9.1.2. By Supply, 2009-2014
9.2. Jordan Real Estate Market Segmentation by Residential, Office, Retail and Hotel, 2009-2014
9.3. Snapshot of Jordan Real Estate Rental Market, 2013
9.4. Major Real Estate projects in Jordan
9.5. Jordan Real Estate Online Market, 2009-2014
9.5.1. Jordan Real Estate Online Market Competitive Landscape
9.6. Jordan Real Estate Agents Market, 2009-2014
9.7. Jordan Real Estate Market SWOT Analysis
9.8. Market Share of Major Players in Jordan Real Estate Market, 2010-2014
9.9. Major Jordan Real Estate Developers Profiles
9.9.1. Zara Investment Holdings
Company Overview
Financial Performance, 2009-2014
9.9.2. Taameer Jordan Holdings (TAMR)
Company Overview
9.9.3. Union Land Development Company (ULDC)
Company Overview
Financial Performance, 2010-2014
9.9.4. Specialized Investment Compounds Company PLC (SPIC)
Company Overview
Financial Performance, 2010-2014
9.9.5. Jordan Decapolis Properties
Company Overview
Financial Performance, 2010-2014
9.9.6. Ad Dulayl Industrial Park and Real Estate
Company Overview
Financial Performance, 2010-2014
9.10. Jordan Real Estate Market Future Outlook and Projections, 2015-2019
9.11. Jordan Macro Economic and Industry Factors
9.11.1. Population in Jordan, 2009-2019
9.11.2. Gross Domestic Product, 2009-2019
9.11.3. Number of Tourists in Jordan, 2009-2019
9.11.4. Inflation in Jordan, 2009-2019
10. Bahrain Real Estate Market Introduction
10.1. Bahrain Real Estate Market Size, 2009-2014
10.1.1. By Revenue, 2009-2014
10.1.2. By Supply, 2009-2014
10.2. Bahrain Real Estate Market Segmentation By Residential, Office, Retail and Hotel, 2009-2014
10.3. Snapshot of Bahrain Real Estate Rental Market, 2013
10.4. Bahrain Major Real Estate Projects
10.5. Bahrain Real Estate Online Market, 2008-2013
10.5.1. Bahrain Real Estate Online Market Competitive Landscape
10.6. Bahrain Real Estate Agents Market, 2009-2014
10.7. Bahrain Real Estate Market Trends and Developments
Economic Stability Aiding Bahrain’s Residential Market
Office segment driven by the domestic demand
Remarkable Increase in the Affordable Residential Units Leading to Undersupply
Residential market Demand for Low Cost Housing
10.8. Bahrain Real Estate Market SWOT Analysis
10.9. Bahrain Real Estate Market Competitive Landscape
10.10. Bahrain Real Estate Market Future Outlook and Projections, 2015-2019
10.11. Bahrain Macro Economic and Industry Factors
10.11.1. Gross Domestic Product, 2009-2019
10.11.2. Population of Bahrain, 2009-2019
10.11.3. Number of Inbound Tourists, 2009-2019
10.11.4. Inflation in Bahrain, 2009-2019
11. Appendix
11.1. Market Definition
11.2. Abbreviations
11.3. Research Methodology
Data Collection Methods
Approach
Variables (Dependent and Independent)
Multi Factor Based Sensitivity Model
11.4. Disclaimer
Research Methodology
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