Head of Research – MENA
+971 4 426 6999
Governments across the region have acknowledged this issue and are drafting a range of policies to tackle the shortage. Further efforts at the implementation stage are needed to ensure the successful delivery of affordable projects. Private developers have been 'slow to the party' but are now recognising the potential of the middle-income housing segment. This is evident from the numerous project announcements targeting this sector.
Tackling & resolving the problem requires a concentrated effort between government and private developers to address 5 major areas: Cost of land, construction costs, developer business models, access to housing finance, and regulatory issues.