October 24th, 2016, Bridget Gleeson
The latest research from the Middle East Real Estate Barometer report, reflects the market sentiment of 684 investors and home buyers from the GCC and Egypt who consider Saudi Arabia among the top three countries for investment in the Middle East, 78% of whom also plan to purchase a residential, commercial or retail property in the next 12 months.
The YouGov findings which come ahead of the 7th edition of the Jeddah Urban Development & Real Estate Investment Event, powered by Cityscape, paints a positive picture of the real estate industry inspired by Saudi Vision 2030 .
Commenting on the findings, Kailash Nagdev, Managing Director for YouGov in the MENA region said: “With real estate still being the most attractive asset class for investors in the GCC and Egypt and real estate prices softening, most investors are looking for properties with potential capital gains and high end user demand to achieve high rental yields. It is therefore crucial that real estate developers tailor their offering with the right amenities and financial packages to stand out with an attractive long term investment value.”
Discover the key findings from the study in the infographic below.
