Recent report: 16 thousand real estate projects in the Gulf with a total cost of more than one trillion dollars

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<A recent report revealed that the number of real estate projects in the Gulf countries is more than 16 thousand projects, with a value of more than one trillion dollars, and the report stated that more than 75% of them are residential, worth 448.1 billion dollars. Although the number of mega-development projects in cities did not exceed 4,200 projects, the value of these projects represents more than 27% of the total value of real estate projects, worth $297 billion.

The report added that the number of mega-development projects in the Gulf countries exceeded 16,000 projects, with a value of one trillion dollars. <The BNC report, which specializes in the real estate sector in the Middle East, added. The number of real estate projects dedicated to the education sector amounted to 871 projects worth 31.5 billion dollars, while the number of real estate projects dedicated to religious purposes amounted to 352 projects worth 27.6 billion dollars. The value of real estate investments in the medical sector in the Gulf amounted to 61.6 billion dollars.

The report indicated that the number of projects under construction in the Gulf region exceeded 10.9 thousand projects worth 350 billion dollars, while the number of pending projects exceeded 3.3 thousand projects worth 494.9 billion dollars.

The report indicated that the number of projects under construction in the Gulf region exceeded 10.9 thousand projects valued at 350 billion dollars, while the number of pending projects exceeded 3.3 thousand projects valued at 494.9 billion dollars.