Sat, Sep 20, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Investment, Middle East and Africa more

MENA property a safe haven amid global uncertainty in 2012

Posted on 18 January 2012

Global investors, seeking a safe haven for their wealth amid uncertain economic conditions, are increasingly shifting capital into MENA real estate, according to the region’s largest luxury developer DAMAC Properties. The emerging trend is the result of a combination of factors, the most significant of which is the stabilisation of property prices, coupled with attractive rental yields of between 7-12%, according to CB Richard Ellis.
“The European debt crisis is likely to constrain real estate prices across the Eurozone, the U.S market is still flat and with China and Hong Kong property prices tumbling, the Middle East by comparison, is looking increasingly attractive” said Niall McLoughlin, Senior Vice President of DAMAC Properties. (Press Release)


 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

banner
September 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
2930