According to recent research, the typical commercial property investor in the MENA region is eager to buy at the right price. However, sellers in the region are so far failing to match their asking prices to the new economic realities.
Despite investor appetite, a lack of prime commercial properties in the region is curbing real estate activity and pushing capital overseas. Particularly in the GCC, there is a reasonable level of demand among local investors, but the problem has been finding and securing the right properties at prices that make sense. Still, a survey revealed that 30 financial institutions with stakes in the local real estate market found that nearly 75% plan to increase their exposure to Middle East property over the next year, with deal sizes averaging $20 million to $50 million and targeting the office sector.