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The Middle East real estate market could outperform all other regions over the next two years, a survey has suggested.
The study, conducted in conjunction with the ongoing Cityscape Dubai property event, pooled the views of more than 350 developers and property investment businesses.
Jones Lang LaSalle’s ‘Investor Sentiment Survey’ is the first of its kind for the region and was hailed as a “critical benchmark” by analysts.
Blair Hagkull from the firm said:
“Sentiment is a critical component when considering the health of any market. It is an important barometer, a key assessment criteria for any investor and the ideal gauge for considering future prosperity.”
Key findings from the report showed more than 50 per cent of respondents thought the real estate market in the Middle East will see the strongest performance of any global region in the next 12 to 24 months.
The Asia Pacific area, including India and China, also got strong backing with more than 20 per cent of professionals saying it will be the best performing region.
Investors were less enthusiastic when it came to Western European property investment potential, with only three per cent of those polled expecting this to be the strongest performing region.
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