Abu Dhabi is projected to be the strongest performing market in the MENA region (Middle East/North Africa) real estate market over the next two years, according to a survey of 200 investors for Jones Lang LaSalle’s Second Investor Sentiment Survey. MENA property investors are much more confident overall than they were six months ago. This has resulted in more buyers than sellers.
Saudi Arabia and Qatar are also expected to be among the first to recover from the downturn. Abu Dhabi , however, is the stand out market for investors because of its leadership, planning, superior planned infrastructure, and its general regard as the regional leader of the MENA real estate market.
Other key findings included:
- The Middle East was the last region to experience the global downturn
- Middle Eastern real estate markets continue to outperform globally
- The downturn is likely to continue in 2009, setting the stage for recovery in 2010
- Falling prices create greatest opportunity
