GCC Real Estate Market 2024-2032, Industry Outlook, Future Demand, and Forecast

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 is evolving, driven by economic diversification, urbanization, and increased foreign investment, enhancing demand across sectors. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 5.13% from 2024 to 2032.

Download sample copy of the Report: https://www.imarcgroup.com/gcc-real-estate-market/requestsample

GCC Real Estate Market Trends and Drivers:

• Government Investments and Economic Diversification:

  • The growth of the GCC real estate market is primarily driven by significant government investments and efforts to diversify the economy across the region.
  • Major GCC countries are leading large-scale infrastructure projects, such as smart cities, luxury developments, and tourism ventures, which are transforming the real estate landscape.

• Key Initiatives and Demand for Properties:

  • Initiatives like Vision 2030 and Expo 2020 legacy projects have boosted demand for residential, commercial, and hospitality properties.
  • These projects are attracting foreign investments and supporting a dynamic real estate sector across the region.

• Population Growth and Urbanization:

  • The expanding population, coupled with rapid urbanization, is fueling demand for high-quality living spaces in GCC countries.
  • Mixed-use developments that combine residential, retail, and entertainment spaces are becoming increasingly popular, aligning with evolving lifestyle preferences.

• Green Building and Smart City Initiatives:

  • The GCC real estate market is benefiting from an increased focus on sustainability, with governments actively promoting green building practices.
  • Smart city initiatives emphasize energy efficiency, environmentally friendly materials, and the integration of advanced technologies.

• Digital Transformation in Real Estate:

  • Digital advancements such as virtual property tours, online transactions, and data analytics are enhancing the buying and selling experience, making it more efficient and transparent.

• Attracting Investments through Policy Changes and Tourism Growth:

  • Expansion of economic zones, relaxed property ownership laws for expatriates, and a booming tourism industry are expected to continue driving the market.
  • These factors are set to attract both local and international investors, supporting the sustained growth of the GCC real estate market in the years ahead.

GCC Real Estate Industry Segmentation:

Our comprehensive GCC real estate market outlook reflects both short-term tactical and long-term strategic planning. This analysis is essential for stakeholders aiming to navigate the complexities of the market and capitalize on emerging opportunities.

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 

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Email: sales@imarcgroup.com 

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