GCC Real Estate Market Outlook, Industry Size, Growth Factors, Investment Opportunity 2024-2032
GCC Real Estate Market Overview Market Statistics Base Year: 2023 Historical Years: 2018-2023 Forecast Years: 2024-2032 Market Growth Rate: 5.13% (2024-2032) The GCC real estate market is expanding, driven by urbanization, economic diversification, government initiatives, and increased foreign investments. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 5.13% from 2024 to 2032 . GCC Real Estate Market Trends and Drivers: The expanding urbanization, initiatives by government authorities, as well as the increasing foreign investment, are responsible for the growth of the GCC real estate market. Additionally, major economies such as the UAE and Saudi Arabia are implementing large-scale development projects aimed at boosting tourism, diversifying economies, and creating smart cities. Initiatives like Saudi Vision 2030 and Dubai’s Expo 2020 have played a crucial role in propelling the real estate sect...