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According to 225 of the region’s premier Investors responding to JLL MENA’s Third Real Estate Investor Sentiment Survey conducted in association with Cityscape Intelligence.
The real estate markets of the MENA region have seen a marked improvement in sentiment, according to findings from the third annual Real Estate Investor Sentiment Survey, an in depth study of real estate professionals conducted by JLL MENA in association with Cityscape Intelligence. The findings of the third semi-annual survey reveal a significant demand for the right product, with these ‘investible assets’ currently in short supply as most owners plan to hold assets.
Ian Ohan, Head of MENA
Investment Transactions at JLL MENA, commented:
“Investors are much more positive than they were six months ago. Our previous survey concluded that 2010 was shaping up to be the ‘vintage year’ for real estate investment in the MENA region and our latest report confirms this view. What we can also see now is a clear rationale for investment strategy over the next 12-24 months and a recognition that the right products located in the right places will attract investment.Dubai’s has received high marks from Investors for its achievements including its world class infrastructure, appeal to international corporate occupiers, market openness and quality of life. While short-term concerns around liquidity and over-supply remain, a return to 2007 pricing will see Dubai enforce its competitiveness as one of the region’s leading destinations for investment.Abu Dhabi is considered by our respondents to offer significant over-all potential. Second only to Dubai in terms of its infrastructure achievements but second to none in terms of fiscal strength, the emirate is well placed to increased investment in its real estate sector.Surprising to many will be our finding that there are more buyers than sellers for genuine investment grade product. This highlights the paucity of such product in the MENA markets and the obvious opportunity for owners to better package their projects in line with the expectations of the sophisticated long term investor.That MENA has returned to a more positive footing just 6 months after the first crack in sentiment appeared is an incredible turn around and suggests 2010 will be a year of significant development.”Key findings of the report include:
Asia-Pacific Expected to be Strongest Performing Region:
Improved Outlook for all
Abu Dhabi and
Saudi Arabia expected to perform Strongly:
There are more Buyers than Sellers for Investable Assets – Strong Hold Intention:
Investors Call for Further Regulation
Dubai – Becoming the Competitive City
Saudi Arabia – Standouts for
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