Real estate sector records 67pc growth in November: Ezdan

December 14, 2012 - 7:03:29 am


DOHA: Qatar’s real estate sector recorded strong growth last month. In November, the country’s real estate transaction jumped to QR3.7bn with a growth of 63 percent, Ezdan Holding Company’s monthly report noted yesterday. The growth in the transaction confirms that the real estate sector in Qatar is set to grow further in the next year. The report said the markets in the GCC region stabilised during November and expected to grow by 10 percent in 2013.

On Saudi Arabia, the report said, the country is still waiting for the implementation of the new “accelerated loan” programme. 

The country is expecting huge demand from the middle-income segment in the coming year.

The UAE’s real estate sector is in a recovery mode. Kuwait’s real estate sector has stabilized in November and poised for a strong growth in 2013. The Bahraini market has also stabilized after the government stepped in to re-launch many of its delayed or suspended projects, the report noted. The growth rate in the production and consumption in the Oman’s steel sector is a reflection of the country’s growing real estate sector. Oman’s real estate market has recovered from the sluggishness it has been experiencing over the last few months, Ezdan’s monthly report said. the peninsula

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