23.05.2011 - GCC real estate back on growth track?
The evolution of a youthful demographic will lead the way for the property sector as it rebuilds itself in the GCC. With 2011 GDP slated to hover around the 5.9 per cent mark in the GCC (as compared to 4.5 per cent in 2010 and 0.7 per cent in 2009), the real estate markets are once again looking at a growth cycle that feels more tangible, less speculative and is predicated on several drivers that are spurring the climb, according to a report released yesterday by Al Masah Capital, a progressive, Dubai-based alternative investment house..............................................Full Article: Source
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